Alliance and Leicester Premier Direct Current Account Features & Benefits
| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Permanent UK Resident | yes | This product is only available to individuals who are permanent UK residents. | |||
| Existing Customer Only | no | This account is not available to existing customers only. | |||
| Minimum Monthly Credit | £500 | A minimum of £500.00 credited to the account is required. | |||
| Minimum Age | 21 years | The minimum age to open this account is 21 years. | |||
| Minimum Income | £0 | There is no minimum income required to open this account. | |||
| Minimum Investment | £0 | There is no minimum investment required, however interest is calculated from £1. | |||
| Student Bank Account | no | This is not a student bank account. | |||
| Graduate Bank Account | no | This is not a graduate bank account. | |||
| Facilities: | |||||
| Internet Banking | yes | Internet banking is compulsory to open this account. Through internet banking the customer can access their current and savings accounts online, plus receive...expand | |||
| Branch Banking | no | Branch banking is not offered with this account, although withdrawals of over £250 can be made at a branch counter. No other transactions can be...expand | |||
| Telephone Banking | yes | Telephone banking is available 24 hours a day 365 days a year. The services available are as follows:- - Request current balance - Request details of uncleared...expand | |||
| Mobile Banking | yes | Mobile banking is available. There is a fixed monthly fee of £1.50 for this service. | |||
| Package Current Account | no | no | |||
| Switching Service | yes | Premier Switching Service Alliance & Leicester offer a hassle free switching service, the Premier Direct Switching Service, and subject to additional checks...expand | |||
| Debit Card | yes | A VISA debit card is available. | |||
| Debit Card Type | Visa | A VISA debit card is available. | |||
| Maximum ATM Withdrawal | £250 | The maximum amount that can be withdrawn through an ATM is £250.00. | |||
| Cheque Book | yes | A cheque book is available. | |||
| Additional Information | fixed rate for 1 year | The interest rate on this account is fixed for 1 year on balances up to £2,500. After this date the interest rate on the account will be 1% AER....expand | |||
| Rates: | |||||
| Headline Interest Rate | 5% | The headline interest rate is 5.00% AER. | |||
| Reward Payment | £0 | No reward payment payable. | |||
| Overdraft: | |||||
| Overdraft Facility | yes | Overdraft facilities are available subject to status. | |||
| Interest Free Overdraft Limit | £2,000 | Maximum overdraft limit is £2000. No interest or usage fees on arranged overdrafts, for the first 12 months, from account opening, (not including...expand | |||
| Overdraft Buffer Limit | £0 | There is no overdraft buffer limit. Customers who are switching their current accounts to Alliance & Leicester will not be charged any fees for authorised...expand | |||
| Standard Overdraft Rate | 0% | The annual authorised overdraft rate is 0% EAR. | |||
| Monthly Overdraft Charge | £0 | 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...expand | |||
| Daily Overdraft Charge | £0.50 | 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...expand | |||
| Automatic Overdraft Facility | £0 | There is no automatic overdraft facility available. | |||
| Overdraft Arrangement Fee | no | There is no arrangement fee or monthly fee to pay. Fixed Term overdrafts carry an administration fee of £25. This is in addition to the interest charged on the overdrawn balance. | |||
| Unauthorised Overdraft Rate | 0% | The unauthorised overdraft rate is 0% EAR. | |||
| Daily Unauthorised Overdraft Charge | £5 | 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...expand | |||
| Monthly Unauthorised Overdraft Charge | £0 | There is no monthly unauthorised overdraft charge. | |||
| Fee & Charges: | |||||
| Monthly Charge | £0 | There is no monthly service charge. | |||
| Free Banking | yes | Free banking is available. | |||
| Transaction Charge Europe | 2.95% | There is a 2.95% conversion fee for transactions abroad. | |||
| Transaction Charge Worldwide | 2.95% | There is a 2.95% conversion fee for transactions abroad. | |||
| Debit Card Charge Europe | 0% | There is no debit card charge abroad in addition to the conversion fee of 2.95% of the sterling value of the transaction. | |||
| Debit Card Charge Worldwide | 0% | There is no debit card charge abroad in addition to the conversion fee of 2.95% of the sterling value of the transaction. | |||
| ATM Withdrawal Charge Europe | £2 | 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. | |||
| Unauthorised Transaction Fee | £5 per day + £25 per paid item | 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...expand | |||
| ATM Withdrawal Charge Worldwide | £2 | 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. | |||
| Incentives: | |||||
| Cashback | £0 | This incentive is not offered with this account. | |||
| Account Promotions | yes | Linked PlusSaver Account Premier Switching Service Premier customers who take out Buildings and Contents cover will receive 50% off their contents insurance...expand | |||
| Credit Card | yes | MoneyBack Rewards Credit Card available (subject to status). | |||
| Life Insurance | no | This incentive is not offered with this account. | |||
| Commission Free Forex | no | This incentive is not offered with this account. | |||
| Mobile Phone Insurance | no | This incentive is not offered with this account. | |||
| Entertainment Ticket Discounts | no | This incentive is not available with this account. | |||
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