What methods can I use to fund my account?

POSTED: 11th March 2020
IN: Business Savings FAQs

You can make payments from your nominated account, using one of the following options:

CHAPS
Faster Payments
BACS
Standing Order

Payments by cheque or banker's draft are not accepted.

You will need to provide your Aldermore Business Savings Account number (once you’ve opened your account, you’ll find this 8 digit number on the first screen in Internet Banking, under 'accounts'), Sort Code (23-33-43) and Beneficiary/Payee Name (your business name).

Confirmation of Payee has been introduced by some banks for electronic payments. This service checks the beneficiary name in the payment instruction against the name of the account where the payment is to be sent. If you use one of the banks who’ve implemented confirmation of payee, payments to your Aldermore Business Savings account will show confirmation of payee unavailable, as we haven’t introduced this service. The service won’t stop you making a payment, but if you’re in any doubt about the payment details or you get any response other than a match, you should make sure that the details you’ve given are correct.  

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

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