How do I pay money in to my Personal Savings Account?

POSTED: 6th April 2022
IN: Personal Savings FAQs

You can make deposits by Faster Payments, BACS, CHAPS or Standing Order from your nominated account. You can also make deposits by transfer from an existing Aldermore Personal Savings account in your name or held jointly with someone else (where withdrawals are permitted), or, for ISAs, by transfer from another ISA provider. Payments to us from any other account will not be accepted and will be returned. We don’t accept deposits by cash, cheque or banker’s draft.

Please don’t send any money until we’ve confirmed that your account is open, as we won’t be able to allocate it to your account and it will be returned.

To make a deposit, simply use the details shown below to move money from your nominated account:

  • Our account number: 63684431
  • Our sort code: 20-19-90 (this may show as Barclays, we partner with them as our clearing bank)
  • Beneficiary name: Aldermore Bank PLC
  • Payment reference: Your Account Opening Reference Number/Account Number and first three letters of your surname*

*When you completed your account opening online, you’ll have been given an account opening reference number. When you receive confirmation of your new account details, you’ll receive an account number. Both of these numbers are unique to you and you can use either number as the payment reference.

Please make sure that you correctly quote the beneficiary name and payment reference when you make a payment.

Confirmation of Payee has been introduced 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 bank with one of the providers who have implemented this service and the beneficiary name isn’t completed correctly, your bank may not be able to confirm that the details match.

If the payment reference isn’t correct, we won’t be able to allocate the payment to your account and it may be returned to you without interest.

Your bank may apply a maximum limit per transaction for payments made by Faster Payments and BACS.

It may take up to two business days for a payment to show on the account, however you'll earn interest from the business day on which the payment was received.

Can I add money at any time?

For Easy Access Accounts, Double Access Accounts, Notice Accounts, Notice Cash ISAs and our Easy Access Help to Buy: ISA, you can add money at any time. 

For Fixed Rate Accounts and Fixed Rate Cash ISAs, you will have a limited period from account opening to make deposits. For Fixed Rate Cash ISAs, you’ll also need to return any ISA transfer forms in this period.

When will my money start earning interest?

Funds deposited by Faster Payments, BACS, CHAPS, standing order or by transfer from another account with us will start earning interest from the business day on which we receive them but may take up to two business days to show on the account.

Money paid in

Starts earning interest

Electronic payment or transfer from another account with us

Same day as received

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