Alliance and Leicester Premier Direct Current Account

Internet banking is compulsory to open this account. Through internet banking the customer can access their current and savings accounts online, plus receive total support from a 24 hour helpdesk.

With Internet Banking the customer can:
- Check their transactions and balance (as far back as 7 months)
- Transfer money between their Premier Plus Current Account and PlusSaver Account
- Set up bill payments
- View statements and download them onto your PC
- View and cancel Direct Debits
- Set up, amend and cancel standing orders
- View details of any charges due to be applied to your accountcollapse

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 made at an Alliance & Leicester branch. Withdrawals can be made at a Post Office branch.collapse

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 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 servicescollapse

Premier Switching Service
Alliance & Leicester offer a hassle free switching service, the Premier Direct 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 £100 minimum overdraftcollapse

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. Internet banking is compulsory to open this account.collapse

Maximum overdraft limit is £2000. 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. £2000 is the maximum overdraft limit and not an automatic limit.collapse

There is no overdraft buffer limit. Customers who are switching their current accounts to Alliance & Leicester will not be charged any fees for authorised or unauthorised overdrafts during the switching process.collapse

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.collapse

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 £0.50 a day (up to £5 a month) applies, if the arranged overdraft is used. Maximum overdraft limit is £2,000.collapse

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.collapse

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.

If a transaction is presented for payment and there is not enough money in the account to cover the amount of the transaction, Alliance & Leicester will decide whether to make a payment. If this happens, a Payment Review Fee of £25 will be charged for each transaction.collapse

Linked PlusSaver Account
Premier Switching Service
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.
Premier Regular Saver: available exclusively to new Premier Current Account customers only.
Guaranteed Capital Account - investment account exclusively available to Premier customers.
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.
MoneyBack Rewards Credit Card available (subject to status).
Exclusive mortgage deals for Premier customers.
Special loan offers for Premier customers.collapse