What is a nominated account?

POSTED: 16th June 2017
IN: Personal Savings FAQs

A nominated account is the UK personal bank or building society account you register with us when you open your Aldermore account. You should be named as an account holder on this account and the account should accept Faster Payments, CHAPS and BACS. To help us keep your money safe and protect against fraud, we’ll only accept deposits from this account and we’ll always send money back to this account, for example when making payments of interest or when you make withdrawals. Payments to us from any other account will not be accepted and will be returned, except where these are received by transfer from another ISA provider. 

If you want to change your nominated account, you can do so by logging into your account, selecting Amend Details > Nominated Account and following the on-screen instructions or writing to us at our Freepost address

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