Payments into your account. 3.1 You must deposit a minimum of £25,000 to open the account.
3.2 The maximum amount you can hold in the account is £100,000.
Payments into your account. You may need to make regular payments into your current account and this will be notified to you before you open your current account. Please see the Key Facts Document.
Payments into your account. You can only make electronic payments into your account
Payments into your account. 2.2.1. We accept electronic payments, cash and cheques payable to your Account as set out in this term 2.2. We reserve the right to satisfy ourselves as to the origin of any funds paid into your Account. We reserve the right to refuse to accept any deposit or payment into your Account at any time.
2.2.2. We are required by law and regulation to collect certain information about the payer and payee including payer’s name, account number and the source of funds when we accept payments. We reserve the right to refuse to process any transaction where insufficient or incorrect information has been provided to us.
2.2.3. If monies are paid into your Account in a currency other than the denomination currency of the Account, we will use a Reference Exchange Rate (together with a margin derived from that rate which will be notified to you) to convert those funds into the currency of the relevant Account when crediting them to that Account. You can ask us for an indication of the Reference Exchange Rate at any time by calling us, but as the rate changes to reflect currency market movements, we will not be able to confirm to you the Reference Exchange Rate until we receive the payment.
2.2.4. In respect of electronic payments:
a) we accept payments into your Account via BACS, CHAPS, SWIFT, Faster Payments and SEPA credit transfer in accordance with the rules of those systems;
b) where you receive a payment into your Account by BACS, CHAPS, SWIFT or SEPA credit transfer in sterling, Euro, any EEA currency or US Dollars, the funds will be available to you and be eligible for the calculation of interest on credit balances on the Business Day that such funds are received by us;
c) where you receive a payment into your Account by Faster Payments, the funds will be available to you and be eligible for the calculation of interest on the same Day;
d) where you receive a payment into your Account in a currency other than sterling, Euro, an EEA currency or US Dollars, you can ask us when this will be available to you; and
e) we do not charge you for receiving an electronic payment that is different to the currency of your Account. However, a correspondent bank may charge a fee for receiving money into your Account. You agree that we may deduct the fees imposed by the correspondent bank from your Account. You can contact us to obtain details of the correspondent bank fees.
2.2.5. In respect of cash:
a) you may pay cash in sterling, US dollar and euro into your Current Account b...
Payments into your account. You must deposit a minimum of £1,000 to open the account.
Payments into your account. 4.1 You can only make an electronic payment into your account.
4.2 No further payments are allowed into your account during the Deposit Term.
Payments into your account. 3.1 You can only make an electronic payment into your account.
3.2 No further payments are allowed into your account once your account is opened. If you wish to, you may open a new account(s).
Payments into your account. 13.1 Once this Agreement is made, and we have received and are satisfied with all information we may require; you will be able to deposit funds into your account from your nominated bank account up to the amount that you have requested in your application form. We aim to open your account within one or two working days of our completing all processes following the receipt of full amount you have requested to deposit in your application. If all our processes or requirements have not been satisfied, we may terminate your savings application. If you send more money to fund your account than you have stated you will pay on your application form, then such monies will be held in a holding account until we can ascertain and agree your instructions. However, we reserve the right to return such money the account from which you sent it. You will be legally bound by the terms of this Agreement once it is made.
13.2 When we receive a payment for your account by standing order or from your nominated bank account, we will show it in your account, and it will not earn any interest (or reduce the interest you pay) from that day unless it is applied against a scheduled repayment due at that time.
13.3 If we are told that a payment has been made into your account by mistake, or has been recalled by the bank that made it, we can take up to the amount of that payment out of your account. We don’t have to ask you to agree before we do this but we’ll tell you about it and ask you to contact us if you don’t think the payment was made to you in error. You will need to contact us by the date we give you. We will consider all of the information we are given about the payment and will act reasonably.
13.4 We may refuse to accept a payment into an account, or make a payment from it, if we reasonably believe that doing so might cause us to breach a legal requirement or might expose us to action from any government or regulator.
13.5 Should the balance of your accounts exceed £85,000 at any point, we will return the excess sum to your nominated bank account.
Payments into your account. 2.1 You can deposit money into your account by BACS, CHAPS and/or Faster Payments from your nominated account.
2.2 The provisions of clause 2 of the general terms and conditions apply to any payment into your account.
Payments into your account. For anti money laundering purposes and counter terrorism legislation and for the prevention of financial crime we have to make certain checks on payments. At any time, we may ask you the source of funds credited to your account(s)
