Legal Documents

Last updated: June 27, 2021

Please read these fees & limits carefully before using Our Service.

Rates, Fees and Charges

Applicable to: All Personal accounts

Effective from: 4 March 2021

----- 1. Rates

Interest payable by us on positive balances

We calculate interest on a monthly basis and pay any amount earned on the first day of the following month.

Personal Current Accounts and Joint Current Accounts 0.05% AER on positive balances up to £85,000.

No credit interest on positive balances above £85,000.

Additional GBP Personal Current Account

No interest is payable on positive balances on Additional GBP Personal Current Accounts.

Additional GBP Joint Current Account

No interest is payable on positive balances on Additional GBP Joint Current Accounts.

Interest charged by us on overdrafts or if you are in arrears

If we offer you an Overdraft Facility and you accept this, we will charge interest at the specific interest rate confirmed and viewable to you in your App. Interest accrues on a daily basis.

We will not charge any interest for unarranged overdraft usage.

We calculate interest payable to us on a monthly basis. We will inform you of the amount owing on the last day of the month and will deduct this amount from your Account on the 15th day of the following month.

If your interest charges are less than 10p for any given month, we will waive the interest charge for that month.

2. Fees and Charges

Fees we charge for your Account

Personal Current Accounts and Joint Current Accounts

We will not charge a fee for having a Personal Current Account or Joint Current Account with us.

Additional GBP Personal Current Account

We charge a fee of £2 per month (paid in advance) for having an Additional GBP Personal Current Account with us. We will deduct this fee on or around the first day of each month.

Additional GBP Joint Current Account

We charge a fee of £2 per month (paid in advance) for having an Additional GBP Joint Current Account with us.

We will deduct this fee on or around the first day of each month.