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How do I pay money into my Business Savings Account?

POSTED: 18th October 2017
IN: Business Savings FAQs
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You can make deposits by Faster Payments, BACS, CHAPS or standing order. Simply contact your bank or building society and give them the following information:

  • Account Number: Your Aldermore Business Savings Account Number (this is an 8 digit number that you can find on the first screen in Internet Banking, listed under accounts).
  • Sort Code: 23-33-43
  • Beneficiary Name: Your Business' Name
  • Payment Reference: You can choose your own payment reference and we suggest you choose a name that'll help you easily identify your transactions on your bank statements. e.g. Aldermore Business Savings.

Please make sure your bank correctly quotes the account number and sort code when they make this payment. Without it your payment may be rejected and returned to you without interest.

If you have an existing Aldermore Business Savings Account that allows transfers, you can also move money to your new account in Internet Banking  simply by clicking on the account that you want to transfer money from and selecting the 'Transfer Between My Accounts' link.

Can I add money at any time?

If you have an Easy Access Account, you can add money at any time.

For Fixed Rate Accounts, once you've made your opening deposit you have a further 14 days to put more money into your account and benefit from the same interest rate. For the Customised Fixed Rate Account, the initial deposit and any additional deposits you wish to make must be received with 14 days of the account being opened.

When will my money be credited to the account?

Funds deposited by BACS, Standing Order or Faster Payments before 6.30pm will be credited to your account on the business day on which we receive them and will be available for withdrawal on the same day. Where payments sent by any of these methods are received after 6.30pm, these will be credited and available for withdrawal on the following business day.

Payments deposited by CHAPS before 2.30pm will be credited to your account on the business day on which we receive them and will be available for withdrawal on the same day. Where funds are received by CHAPS after 2.30pm, these will be credited and available for withdrawal on the following business day.

Can We Help With Anything Else? Email Us Call Us: 01733 821 321
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