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| Paying money in | Taking money out | | Account access | Charges | ||||||||||||||||||
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THESE DETAILS REFER TO STERLING ACCOUNTS ONLY Payment of monthly interest - sterling account You must retain a minimum balance of £1,000.00 in a monthly income account. If the balance falls below this level your account will be converted to the equivalent annual interest account. Monthly Interest is credited on the 1st working day of each calendar month, and can be paid in the following ways:
There is no charge for payments made to a UK bank or building society
account. However a charge
will be made for payments made to a non-UK bank account, this will be
deducted from your interest. Please bear in mind that all payments to
foreign banks may be converted to the local currency before they're credited
to your account and charges may be made for this service. If you set up a new designated account, we may require it to be held in the account holders name and may refuse to set up a designated account in any other name. We may restrict or refuse any third party transaction. |
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