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How do I withdraw money from my Personal Savings account?

POSTED: 6th April 2018
IN: Personal Savings FAQs
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You can give your instructions for a withdrawal or transfer by logging into your account and selecting ‘Move Money’ from the Account Options menu. We will usually make withdrawals from your account to your nominated account by Faster Payments.  Alternatively, we can move money to your account by CHAPS (although a charge applies – please see our Tariff of Charges).

What's my withdrawal allowance?

Your withdrawal allowance will depend on your account type:

Easy Access Accounts

Unlimited

Notice Accounts

Unlimited, by giving the appropriate days’ notice. Early withdrawals are not permitted

Fixed Rate Accounts

None permitted until maturity

Notice Cash ISAs

Unlimited by giving the appropriate days’ notice, or on demand, subject to a deduction of interest equivalent to your notice period (e.g. 30 days)

Fixed Rate Cash ISAs

Unlimited, subject to a deduction of interest (120 days for 1 year, 180 days for 2 & 3 years)

Easy Access Help to Buy: ISA

Unlimited. However, under the scheme rules, if you wish to make a partial withdrawal you will not be able to claim a bonus on these funds

When will my money show in my nominated account?

We will make withdrawals from your account to your nominated account by Faster Payments. Your money will be in your account by the end of the following business day, provided your instructions are submitted before 2pm on a business day.

Withdrawal transfer method

In your nominated account

Electronic payment

Withdrawn before 2pm – next business day (for example, if the payment is requested before 2pm on a Friday then it will be in your nominated account by close of business on Monday)

Withdrawn after 2pm – two business days (for example, if the payment is requested after 2pm on a Friday then it will be in your nominated account by close of business on Tuesday)
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