A nominated account is the UK business bank or building society account you register with us when you open your Aldermore account.
Your nominated account must be held with a UK bank or building society, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The account must allow electronic transfers to be made and received, and we may ask you to send us a bank statement to confirm your account details.
There are certain types of bank account that we can’t accept as your linked nominated account, as they aren’t fully licensed and regulated. These include accounts held with e-money providers.
You can only make payments into your Business Savings Account from your linked nominated account, or another Business Savings Account if you have one with us, so long as the account type allows this.