Cheque clearance timescales Sample Clauses

Cheque clearance timescales. The Key Facts Document gives information on cheque, counter cheque and banker’s draft processing, when funds will be made available to you, when interest starts to be earned from and when you can be sure the money is yours.

Cheque clearance timescales. The Key Facts Document gives information on cheque, counter cheque and banker’s draft processing, when funds will be made available to you, when interest starts to be earned from and when you can be sure the money is yours. Section B3 – Current Account Switch Agreement – Service Conditions Current Account Switch Guarantee We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take 7 Working Days. As your new current-account provider we offer the following guarantee. ⬤ The service is free to use and you can choose and agree your switch date with us. ⬤ We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary). ⬤ If you have money in your old account, we will transfer it to your new account on your switch date. ⬤ We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details. ⬤ If there are any issues in making the switch, we will contact you before your switch date. If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.

Cheque clearance timescales. The Key Facts Document gives information on cheque, counter cheque and banker’s draft processing, when funds will be made available to you, when interest starts to be earned from and when you can be sure the money is yours. Section B2 – Savings Account Terms and Conditions 1 Introduction These Conditions apply to all savings accounts and will apply no matter which type of savings account you have chosen. Where relevant, Specific Conditions may also apply to your chosen savings account. These Specific Conditions can be found in the Key Facts Document, which will be provided to you when you open your account. If a Specific Condition differs from these Conditions, that Specific Condition is the one that applies.