CURRENT ACCOUNTS

The account is available to UK Residents and Non Residents and only private individuals aged 18 years or over can open a personal current account.

If you have a joint account we will (unless otherwise authorised) accept instructions authorising account withdrawals only from all parties or survivor(s) thereof.

You must always ensure that by 3.00 p.m. each business day, the cleared balance (plus any unutilised overdraft facility) is sufficient to meet:

- cheques you have issued which are presented for payment
- Direct Debits due to be paid
- your instructions to us to make payment by other electronic means.
- any other transactions due to take place including interest payments and charges.
- in the case of Standing Orders cleared funds must be available by 9.00 a.m. on the due date for payment.

If a sufficient cleared balance (including unutilised overdraft facilities) is not available some or all of the transactions may be refused and any such items paid will incur penalty interest. Penalty interest will be applied at the Bank of England Base rate plus 23%.

If you wish us not to pay a cheque which has been issued or a standing order or direct debit instruction on your account you should advise your branch in writing, or by telephone with confirmation in writing. The advice must be accompanied by the following details:

- Cheque: the cheque number, amount, name of payee, date
- Standing Order: name of beneficiary, amount, due date(s)
- Direct Debit: name of originator, reference, amount and/or frequency if appropriate.

Unless you have agreed exceptionally with us paid cheques and vouchers will be retained by us. Should you require your paid cheques and/or vouchers the Bank may levy a fee for this service.

We reserve the right to take copies of the cheques and vouchers that we receive and pay by whatever means we reasonably consider appropriate. We reserve the right to destroy originals at anytime and any copies taken of paid cheques or vouchers will be retained for up to six years.

You are responsible for any debt on the account. For joint accounts, each of you can be held fully responsible for any debt on the account.

Overdraft facilities are available on request subject to our assessment of your financial standing. We, at our discretion, may amend any agreed overdraft limit on the account, subject to giving you written notice. We may, at any time, withdraw your right to overdraw your account (where applicable) and demand immediate repayment of any debt on the account. On receipt of a demand for repayment you must stop issuing cheques and making withdrawals on the account.

Overdraft interest is calculated on the daily cleared debit balance in the account and is charged monthly. Service charges for operating the account are charged as detailed in the tariff/promotional leaflet relating to the account and are subject to annual review. The tariff/ promotional leaflet can be obtained from any of our branches or can be viewed on this website. Click for the tariff.

All current account statements will be issued monthly if there has been any activity otherwise annually.

Where account charges are applied these will be advised to you and charged three weeks after the end of the previous month.