Alliance and Leicester Premier 50 Current Account
8.5% AER for balances up to £2500. 0% overdraft for 12 months. £10 per month but account gives annual travel insurance, Health benefits, Card care and Indentity Protection and Alert, worth up to £1500. Exclusively for those over 50 years old. No interest or usage fees on agreed overdrafts for first 12 months (0% EAR typical overdraft). After 12 months, 0% overdraft continues but a usage fee of 50p a day (£5 max per month) applies if agreed overdraft is used. Max overdraft limit is £2,500.
 |  Compare Alliance and Leicester Premier 50 Current Account details directly with other current accounts or compare current accounts using our current account comparison tables. | ||
| Company: | Alliance & Leicester www.alliance-leicester.co.uk | ||
| Product: | Premier 50 Current Account | ||
| Apply via this site: |  | ||
| Application Criteria | |||
 Minimum income: | There is no minimum income required to open this account. | ||
| Minimum Monthly Credit: | There is no minimum monthly credit. | ||
| Minimum Investment: | There is no minimum investment required, however interest is calculated from £1. | ||
| Maximum Investment: | Unlimited | ||
| Minimum Age: | The minimum age to open this account is 50 years. | ||
| Maximum Age: | Unlimited | ||
| Existing Customer Only: | This account is not available to existing customers only. | ||
| Area Restrictions: | There are no area restrictions. | ||
| Transfer Assistance: | Premier switching services available. | ||
| Incentives | |||
| Account Promotions: | Premier 50 Travel Insurance - Annual worldwide multi-trip travel Premier customers who take out Buildings and Contents cover will receive 50% off their contents insurance and £25 M&S vouchers If Alliance and Leicester are unable to beat the customer's motor insurance renewal quote, the customer will receive a year's free cover and free breakdown cover. As a limited special offer for Premier customers, foreign currency can be sent abroad for a reduced fee of £10. £25 Recommend a Friend Cashback PlusSaver Account - available to Premier 50, Premier Direct, Premier and Alliance & Leicester mortgage customers only. MoneyBack Rewards Credit Card available (subject to status). Save & Protect Account - exclusive to Premier current account customers when also taking out Legal & General non-mortgage related Life Cover, Life or Critical Illness Cover or Critical Illness Cover. Guaranteed Capital Account - investment account exclusively available to Premier customers Premier 50 Health Benefits Premier 50 Card Assist- Replacement service of lost/stolen credit, debit and store cards Premier 50 Identity Protection and Alert | ||
| Incentive Cashback £: | This incentive is not available with this account. | ||
| Incentive Moneyback: | This incentive is not available with this account. | ||
| Incentive Pref Rate/Deals: | PlusSaver Account - available to Premier 50, Premier Direct, Premier and Alliance & Leicester mortgage customers only. MoneyBack Rewards Credit Card available (subject to status). Save & Protect Account - exclusive to Premier current account customers when also taking out Legal & General non-mortgage related Life Cover, Life or Critical Illness Cover or Critical Illness Cover. Guaranteed Capital Account - investment account exclusively available to Premier customers. | ||
| Incentive Disc/Vouchers: | This incentive is not available with this account. | ||
| Incentive Breakdown: | There are no incentives or free gifts offered by the company. | ||
| Incentive Protection: | Premier 50 Identity Protection and Alert Access to expert preventative advice Alerts to unusual changes to credit status Up to £50,000 insurance protection following identity theft | ||
| Incentive Other Insurance: | This incentive is not available with this account. | ||
| Incentive Savings Sweep: | There are no incentives or free gifts offered by the company. | ||
| Incentive Currency: | As a limited special offer for Premier customers, foreign currency can be sent abroad for a reduced fee of £10. | ||
| Incentive Other: | Premier Switching Service Alliance & Leicester offer a hassle free switching service, the Premier Switching Service, and subject to additional checks and verifications Alliance & Leicester will also : - match the customer's overdraft with their old bank - not charge any fees if the customer goes over drawn without authorisation during the switching process - give the customer a £250 minimum overdraft As a limited special offer for Premier customers, foreign currency can be sent abroad for a reduced fee of £10. | ||
| Facilities | |||
| Internet Banking: | Internet banking is available where the customer would be able to access their current and savings accounts online, plus receive total support from a 24 hour helpdesk. With Internet Banking the customer can: - Access their savings and current accounts online. - Make transfers between their current account and savings account. - View and cancel Direct Debits. - Set up, amend and cancel standing orders. - Pay bills and view statements. - Download statements. - Order cheque books, foreign currency and travellers cheques. | ||
| Branch Banking: | This account can be operated through a branch. | ||
| Telephone Banking: | Telephone banking is available 24 hours a day 365 days a year. Callers may use either an automated service or a person to person service. The services available are as follows:- - Request current balance - Request details of uncleared credits - Request details of uncleared debits - Hear the last 12 transactions - Set up bill payments (person to person service only) - Make bill payments - Set up transfer of funds details (person to person service only) - Transfer funds to other Alliance & Leicester accounts - Request a copy of the last statement - Request chequebook (subject to account status) - Request Transfer/Deposit books - Request envelopes - Request product literature on other Alliance & Leicester services | ||
| Post Office Banking: | Customers can make transactions at a Post Office branch. | ||
| Standing Orders: | Standing order facilities are available. | ||
| Direct Debits: | Direct Debit facilities are available. | ||
| BACS Transfers: | Electronic/Telegraphic transfer service is available. | ||
| CHAPS Transfers: | Electronic and telegraphic transfers are available. | ||
| Bill Payment Service: | Bill payment service is available. | ||
| Statement Frequency: | Statements are issued monthly. Weekly statements can be issued at a charge of £1.50 per month. | ||
| Min Additional Deposit: | Unlimited | ||
| Minimum Withdrawal: | Unlimited | ||
| Withdrawal Restrictions: | Withdrawal Conditions - None. | ||
| ATM Card: | An ATM card is available. | ||
| ATM Mini Statements: | Mini statements are available through the ATM. | ||
| Max ATM Withdrawal: | The maximum ATM withdrawal is £250.00. | ||
| Cheque Book: | A cheque book is available on request. | ||
| Cheque Guarantee Card: | A cheque guarantee card of up to £100 may be issued subject to status. | ||
| Cheque Clearance Time: | Branch - 5th working day Post Office - 4th working day after receipt of cheque By Post - 4th working day after receipt of cheque Cash Machine before 2pm - 5th working day Cash Machine after 2pm - 6th working day | ||
| Debit Card: | A VISA debit card is available. | ||
| Debit Card Type: | A VISA debit card is available. | ||
| Passbook: | A passbook is not issued when this account is opened. | ||
| Text Messaging Events: | Text message alerts and balance updates are available. | ||
| Text Mini Statements: | Text message mini statements are not available, although customers can see mini statements through mobile banking. | ||
| Travel Ins Winter Sport: | This incentive is not offered with this account. | ||
| Overdraft | |||
| Overdraft Facility: | Overdraft facilities are available subject to status. | ||
| Interest Free O/D Limit: | Maximum overdraft limit is £2,500. No interest or usage fees on arranged overdrafts, for the first 12 months, from account opening, (not including customers who are moving from another Alliance & Leicester current account). After 12 months, the 0% overdraft continues, but a daily usage fee of 50p a day (up to £5 a month) applies, if the arranged overdraft is used. £2,500 is the maximum overdraft limit and not an automatic limit. | ||
| Automatic O/D Facility: | No automatic overdraft facility is offered. | ||
| Overdraft Buffer Limit: | There is no overdraft buffer. | ||
| Overdraft Arrangement Fee: | There is no arrangement fee. Fixed Term overdrafts carry an administration fee of £25. | ||
| Auth O/D Rate-APR/EAR: | The annual authorised overdraft rate is 0% EAR. | ||
| Mthly Auth O/D Charge: | There is no monthly authorised overdraft administration fee for the first 12 months from account opening. Thereafter, there is a daily fee of £0.50 per day the account is overdrawn, capped at £5 per month. | ||
| Unauth O/D Rate-APR/EAR: | The annual unauthorised overdraft rate is 0% EAR. | ||
| Mthly Unauth O/D Charge: | There is no monthly unauthorised overdraft charge. | ||
| Overdraft Letter Charge: | There is no charge for an overdraft letter. | ||
| Rates | |||
| Headline Interest Rate: | The headline interest rate is 8.50% AER. | ||
| Rate Guarantee: | At the end of the fixed rate period, on 30th April 2009, the interest rate reverts to Bank of England Base Rate less 1%. | ||
| Introductory Bonus: | No introductory bonus payable. | ||
| Amount of Bonus: | The bonus amount is - 0% | ||
| Open-ended Bonus: | No open-ended bonus payable. | ||
| Non Standard Tiers: | Gross Rate Gross Rate AER Excluding Bonus Including Bonus £1 8.19% 8.19% 8.50% £2,501 0.10% 0.10% 0.10% | ||
| Gross AER - £1/£50: | 8.50% | ||
| Gross AER - £500: | 8.50% | ||
| Gross AER - £1,000: | 8.50% | ||
| Gross AER - £2,500: | 8.50% | ||
| Gross AER - £5,000: | 0.10% | ||
| Gross AER - £10,000: | 0.10% | ||
| Gross AER - £25,000: | 0.10% | ||
| Gross AER - £50,000: | 0.10% | ||
| Gross AER - £100,000: | 0.10% | ||
| Interest Payment Freq: | Interest is paid monthly. | ||
| Interest on Withdrawal: | Interest is calculated daily up to and including the day before withdrawal. | ||
| Int Added to Account: | Interest can be paid back to the account. | ||
| Int Paid to Bank A/c: | Interest cannot be paid to another bank or building society account. | ||
| Int Paid to Other A/c: | Interest cannot be paid to another Alliance & Leicester account. | ||
| Int After Cash Deposit: | Interest is calculated from the first working day after receipt into the account. | ||
| Int After Cheq Deposit: | Interest is calculated from the three working days after receipt for cheques. | ||
| Int After BACS Deposit: | Interest on electronic money transfers is paid on the next working day after receipt. | ||
| Interest Variant: | No | ||
| Max Balance High Interest: | The maximum balance for high interest is £2500. | ||
| Fee & Charges | |||
| Free Banking: | A monthly fee of £10 applies. | ||
| Monthly Charge: | There is a monthly charge of £10.00 for this account. | ||
| Standing Order Charge: | There is no charge for payment of a standing order mandate. | ||
| S/O Setting Up Charge: | There is no charge for setting up a standing order mandate. | ||
| S/O Amendment Charge: | There is no charge for amending a standing order mandate. | ||
| S/O Cancellation Charge: | There is no charge for cancelling a standing order mandate. | ||
| Unpaid S/O Charge: | The charge for an unpaid standing order is £0.00. | ||
| Direct Debit Charge: | There is no charge for payment of a direct debit mandate. | ||
| Debit card charge Europe: | There is no debit card charge abroad in addition to the conversion fee of 2.95% of the sterling value of the transaction. | ||
| D/D Setting Up Charge: | There is no charge for setting up a direct debit mandate. | ||
| D/D Amendment Charge: | There is no charge for amending a direct debit mandate. | ||
| D/D Cancellation Charge: | There is no charge. | ||
| Unpaid D/D Charge: | The charge for an unpaid direct debit mandate is £0.00. | ||
| CHAPS Charge: | The charge for Electronic/Telegraphic transfers is £30. | ||
| Stopped Cheque Charge: | The charge for a stopped cheque is £10. | ||
| Unpaid Cheque Charge: | The charge for an unpaid cheque is £0.00. | ||
| Transaction Charge: | No charge is made for standard banking transactions on this account. | ||
| Unauth Transaction Fee: | If the customer exceeds their overdraft limit or goes overdrawn when they do not have a limit, an Exceeding Overdraft Limit Fee of £5 per day will be applied. This fee is applied for each day the account is in unauthorised overdraft. This fee will not apply fot more than 10 days per month. | ||
| ATM Withdrawal Charge: | There is no charge for withdrawals from Alliance & Leicester cash machines. | ||
| ATM charge Europe: | Cash withdrawals abroad subject to a 2.00% (min £2.00) cash advance charge in addition to the conversion fee of 2.95% of the sterling value of the transaction. | ||
| A/c Transfers Int. Free: | 0% EAR typical overdraft. No interest or usage fees on arranged overdrafts, for the first 12 months, from account opening, (not including customers who are moving from another Alliance & Leicester current account). After 12 months, the 0% overdraft continues, but a daily usage fee of 50p a day (up to £5 a month) applies, if the arranged overdraft is used. Maximum overdraft limit is £2,500. | ||
| Bankers Draft Charge: | The charge for a bankers draft is £10. | ||
| Bankers Reference Charge: | A bank reference charge of £10. | ||
| Duplicate Stat Charge: | The charge for a duplicate cheque is £5. | ||
| Special Clearance Charge: | The charge for cheque special clearance is £10 per item. | ||
| Forex fee % Europe: | There is a 2.95% conversion fee for transactions abroad. | ||
| Other Charges: | There are no other charges. | ||
| Compare | |||
| Products: | www.allianceandleicester.co.uk Current Accounts | ||
