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Notice of Changes to Terms and Conditions

Applicable to Personal and Business Current Accounts and Savings Accounts

With effect from the 31 July 2008 we have amended our account terms and conditions where applicable to reflect the following changes which are summarised below:

Changes as a result of the New Banking Code 2008

  • 12 weeks written notice before we close or move your branch.

Changes in the cheque clearing process

  • Reminder that banking of cheques is subject to cheque clearing processes and scheme rules.
  • On the sixth business day after a cheque has been paid in you can be certain that the cheque has been paid and the funds are yours.
  • New table to explain the clearing cycle.
  • Clarification that automated payments will normally be credited to your account on the business day they are received by us.

Changes to the overdraft condition, as a result of changes in clauses relating to unplanned borrowing (Applicable to Personal Current Accounts only)

  • A request for a temporary overdraft is made when there is a request for the funds to be withdrawn from your account.
  • Returned Item Fee is charged to your account as soon as it is incurred by you.
  • Daily Unplanned Borrowing Fee & Monthly Unplanned Borrowing Fee (if applicable on your account) will not be generated solely as a result of the debiting of charges and interest, which we may debit to your account.

PLEASE ASK A MEMBER OF STAFF FOR AN UP-TO-DATE COPY OF YOUR ACCOUNT TERMS & CONDITIONS