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What is a nominated account?

POSTED: 1st June 2016
IN: Business Savings FAQs
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A nominated account is the UK business bank or building society account you register with us when you open your Aldermore account. You can only transfer money into your Aldermore account from your nominated account or from an existing Aldermore Business Savings Account that allows transfers out.

To transfer money from your nominated account, simply contact your bank or building society and ask them to transfer the amount you require (deposits can be made by Faster Payments, BACS, CHAPS or Standing Order).

You will need to provide your Aldermore Business Savings Account number (once you’ve opened your account, you’ll find this eight digit number on the first screen in Internet Banking, under 'accounts'), Sort Code (23-33-43) and Beneficiary/Payee Name (your business name).

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