Savings Account Service Charges – Effective 1st October 2019

A change which abolishes a charge, or reduced the amount of an existing charge, may be introduced with immediate effect and without notice. A table of the Society’s current charges is shown below –

Copy Cheques

Copies of cheques made out by the Society in connection with a withdrawal from your account.

£15

Copy Statements

An annual statement is available upon request free of charge.  A charge is made for duplicate copies.

£7

Interest Certificate

An annual interest certificate is available upon request free of charge.  A charge is made for duplicate copies.

£7

Telegraphic Transfers (CHAPS)

An electronic transfer of funds to another institution from a savings account.  Fully tracked service, if requested before 2.30pm the funds will be in the receiving bank by close of business the same day.  Only processed Mon – Fri, any requests received after 2.30pm or on a Saturday may be processed the next working day.
Please note the receiving bank sort code must permit a CHAPS receipt otherwise the funds will be returned.

£25

Faster Payment

An electronic transfer of funds up to a maximum of £10,000.00 to another institution from a savings account.  This is a non trackable service and funds can take up to 24 hours to reach the receiving bank.  Only processed Mon – Fri, any requests received after 2.30pm or on a Saturday may be processed the next working day.
1 faster payment transfer between £500 & £10,000 per customer per day will be permitted free of charge.
Please note the receiving bank sort code must permit a Faster Payment receipt otherwise the funds will be returned.
£10 for transfer values of £499.99 & below

Direct Debits

When a Direct Debit has been paid, credited to an account and subsequently recalled by the Bank.

£15

Personal Cheques

A charge will be made for each cheque/personal cheque returned unpaid*

£15

Investment References

Providing historic/current data at the request of the member or his/her professional adviser

£25

Lost Pass Books

Issue of a replacement pass book

£10

Stopped Cheques

If you wish to stop a cheque drawn on your account due to its being lost, stolen or destroyed.  A replacement cheque will be issued made payable to the original payee

£10

 

You can also download this information HERE

 

Savings Accounts Withdrawal Limits

Online Banking Withdrawals

All withdrawals through Online Banking and the Mobile App will be processed as an Electronic Payment via the Faster Payment scheme. You will need to ensure that your Nominated Account is able to accept Faster Payments otherwise your payment may be returned. The maximum withdrawal amount to your Nominated Account is £10,000 per account per day

 

Limitations on withdrawals

Please also note that:

The Society does not permit you to make payments out of your account to accounts outside the UK, or in a currency other than pound sterling.

It is your responsibility to ensure there are sufficient funds in the account to meet any payment amount, withdrawals cannot be made unless you have sufficient funds in your account;

We do not permit withdrawals to be made by direct debit or Standing Order;

Cash withdrawals authorised and made on behalf of the account holder by a third party may be restricted, see our savings product guide booklet for details;

Some of the Society’s accounts have minimum holding balances that should remain following a withdrawal and these are detailed in the Special Conditions;

Some of the Society’s accounts have notice periods and these will apply in the event of a withdrawal (including closing withdrawals) of funds or transfers into a different type of account; and

CHAPS are available on individual request. A charge will be made for this service. A list of our current Savings Account Service Charges is shown above or on demand from our branch offices or by calling our customer services team on 01782 255 000.

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