Common use of Deposits Into Your Account Clause in Contracts

Deposits Into Your Account. 3.1. We will only accept personal cheques or bank transfers from a UK bank account held in your name. If it is a joint Account (joint accounts can only be opened through our online application on the website and not through our mobile app), then at least one of you must be named on that account. Personal cheques should be made payable to OakNorth Bank plc and include your full name and OakNorth Account number on the reverse. For bank transfers, the payment must come from the nominated bank account (as specified in your application) which must be in your name (or that of the other joint Account holder). Banker’s drafts are also accepted but must be made payable to OakNorth Bank plc and your bank must type your full name (or that of the other joint Account holder), nominated bank account number and nominated bank account sort code (as specified in your application) on the front of the banker’s draft to open the OakNorth Account. 3.2. Deposits funded by online transfer will be credited to your Account, and interest will begin accruing on the end of day balance (for Fixed Term Deposits) and the minimum daily balance (for Easy Access and Notice Accounts) no later than one business day from when we receive your funds. or bankers draft. Interest will begin accruing on the end of day balance (for Fixed Term Deposits) and the minimum balance (for Easy Access and Notice Accounts) no later than one business day from when we credit your Account.

Deposits Into Your Account. 3.1. We will only accept personal cheques or bank transfers from a UK bank account held in your name. If it is a joint Account (joint accounts can only be opened through our online application on the website and not through our mobile app), then at least one of you must be named on that account. Personal cheques should be made payable to OakNorth Bank plc and include your full name and OakNorth Account number on the reverse. For bank transfers, the payment must come from the nominated bank account (as specified in your application) which must be in your name (or that of the other joint Account holder). Banker’s drafts are also accepted but must be made payable to OakNorth Bank plc and your bank must type your full name (or that of the other joint Account holder), nominated bank account number and nominated bank account sort code (as specified in your application) on the front of the banker’s draft to open the OakNorth Account. 3.2. Deposits funded by online transfer will be credited to your Account, and interest will begin accruing on the end of day balance (for Fixed Term Deposits) and the minimum daily balance (for Easy Access and Notice Accounts) no later than one of the business day from when on which we receive your funds. or bankers draft. Interest will begin accruing on the end of day balance (for Fixed Term Deposits) and the minimum balance (for Easy Access and Notice Accounts) no later than one of the business day from when we credit your Account.