Wesleyan Bank Limited Privilege Account
Compare the Wesleyan Bank Limited Privilege Account with the UK's best current accounts, including application criteria, incentives, facilities, overdraft, rates and fee & charges.
 |  Compare Wesleyan Bank Limited Privilege Account details directly with other current accounts or compare current accounts using our current account comparison tables. | ||
| Company: | Wesleyan Bank Limited www.wesleyanbank.co.uk | ||
| Product: | Privilege Account | ||
| Apply via this site: | Not available | ||
| Application Criteria | |||
 Minimum income: | There is no minimum income required to open this account. | ||
| Minimum Monthly Credit: | There is no minimum monthly credit required. | ||
| Minimum Investment: | The minimum investment required to open this account is £1000. The minimum balance is £1.00. The interest rate will be reduced if the balance falls below £1000. | ||
| Maximum Investment: | The maximum investment on this account is £1,000,000. | ||
| Minimum Age: | The minimum age to open this account is 18 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: | Transfer assistance is not provided. | ||
| Incentives | |||
| Account Promotions: | Free Worldwide Multi-trip Travel Cover. Free travel information services. Visa Global Gold Card Assistance Service. Commission free travel currency. Preferential terms for Privilege customers on Wesleyan investment products. Personal banker. | ||
| Incentive Cashback £: | There are no cashback incentives with this account. | ||
| Incentive Moneyback: | There are no moneyback incentives with this account. | ||
| Incentive Pref Rate/Deals: | Preferential terms for Privilege customers Customers can benefit from preferential terms when they buy from a selected range of investment products from the Wesleyan Group, including: Equity ISAs and Unit trusts - 1% discount on the unit price (Growth Trust and International Funds only) Capital Investment Bonds - 1% cashback on the initial investment. | ||
| Incentive Disc/Vouchers: | There are no discount or voucher incentives with this account. | ||
| Incentive Breakdown: | There are no breakdown incentives with this account. | ||
| Incentive Protection: | There are no protection incentives with this account. | ||
| Incentive Other Insurance: | There are no other insurance incentives available. | ||
| Incentive Savings Sweep: | There are no savings sweep incentives with this account. | ||
| Incentive Currency: | Commission free travel currency Through their personal banker customers can order up to £2,500 worth of major foreign currencies and travellers cheques commission free. If they pay for their travel money from their Privilege account it will be delivered free of charge On their return, they can exchange any unspent foreign currency for sterling, commission free at any Travelex bureau. | ||
| Incentive Other: | Personal banker Each customer is assigned a personal banker to look after their account. The personal banker will keep the customer up to date with relevant new services, arrange a regular mortgage review, give the customer access to investment services and can put them in contact with a team of financial specialists. The customer will also have access to the following range of services, available at home and whenever they travel abroad. Including: Information on visa and passport requirements Pre-trip health information and guidance Air travel information Worldwide hotel and restaurant information Information on customs and foreign exchange rates What's on information for sporting activities, concerts, festivals, theatres and other leisure facilities for most major international cities Travel planning Interpreters, translators and legal advice while abroad. Visa Global Gold Card Assistance Service From any where in the world the customer can request a replacement card and emergency cash, if necessary, if their card has been stolen. | ||
| Facilities | |||
| Internet Banking: | Internet banking is available. | ||
| Branch Banking: | This account cannot be operated through a branch. | ||
| Telephone Banking: | Telephone banking services available. | ||
| Post Office Banking: | Transactions cannot be made at a Post Office. | ||
| 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/Telegraphic transfer service is available. | ||
| Bill Payment Service: | Bill payment service is available through internet banking. | ||
| Statement Frequency: | Statements are issued quarterly in March, June, September and December. Customers can request to receive statements monthly at no extra cost. | ||
| 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 not available. | ||
| Max ATM Withdrawal: | The maximum ATM withdrawal is £500.00 per day. | ||
| Cheque Book: | A cheque book is available. | ||
| Cheque Guarantee Card: | A cheque guarantee card is not issued with this account. | ||
| Cheque Clearance Time: | Cheques are available for withdrawal from the fifth day after they are received (this includes the day the cheque is deposited if it is working day.) | ||
| Debit Card: | A VISA Gold debit card is available. | ||
| Debit Card Type: | A VISA Gold debit card is available. | ||
| Passbook: | A passbook is not provided with this account. | ||
| Text Messaging Events: | There are no text messaging facilities available. | ||
| Text Mini Statements: | There are no text messaging facilities available. | ||
| Travel Ins Winter Sport: | Free Worldwide Multi-trip Travel Cover The customer and their family will receive free annual worldwide travel cover, with up to 17 days of winter sports automatically included. The travel cover is available to customers between 18 and 68 years of age subject to being in good health, for maximum duration of 30 days per trip. | ||
| Overdraft | |||
| Overdraft Facility: | Overdraft facilities are not available. | ||
| Interest Free O/D Limit: | Overdraft facilities are not available. | ||
| Automatic O/D Facility: | Overdraft facilities are not available. | ||
| Overdraft Buffer Limit: | There is an overdraft buffer of £250. If the customer goes overdrawn by up to £250 they will not be charged a fee. Debit interest will charged at 8.0% EAR on the overdraft buffer. As soon as the customer goes into their overdraft buffer they will be contacted and asked to put their account back into credit. | ||
| Unauth O/D Rate-APR/EAR: | The unauthorised overdraft rate is 25.00% EAR. This rate is charged if the customer goes over their £250 overdraft buffer. | ||
| Mthly Unauth O/D Charge: | There is a monthly unauthorised overdraft charge is £15. | ||
| Overdraft Letter Charge: | There is no charge for an overdraft letter. | ||
| Rates | |||
| Headline Interest Rate: | The headline interest rate is 2.52% AER. | ||
| Rate Guarantee: | There are no interest rate guarantees. | ||
| 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 £1,000 1.50% 1.50% 1.51% £5,000 2.25% 2.25% 2.26% £10,000 2.50% 2.50% 2.52% | ||
| Gross AER - £1/£50: | 0% | ||
| Gross AER - £500: | 0% | ||
| Gross AER - £1,000: | 1.51% | ||
| Gross AER - £2,500: | 1.51% | ||
| Gross AER - £5,000: | 2.26% | ||
| Gross AER - £10,000: | 2.52% | ||
| Gross AER - £25,000: | 2.52% | ||
| Gross AER - £50,000: | 2.52% | ||
| Gross AER - £100,000: | 2.52% | ||
| Interest Payment Freq: | Interest is paid half yearly on 30th June and 31st December. | ||
| Interest on Withdrawal: | Interest ceases to be paid on withdrawn funds from the same day as the withdrawal is processed. | ||
| Int Added to Account: | Interest can be added to the account. | ||
| Interest Paid by Cheque: | Interest cannot be paid by cheque or warrant. | ||
| Int Paid to Bank A/c: | Interest cannot be paid to a bank account. | ||
| Int Paid to Other A/c: | Interest cannot be paid to another account. | ||
| Int After Cash Deposit: | Interest starts being paid on a cash deposit from the same day as the funds are received. | ||
| Int After Cheq Deposit: | Interest starts being paid on a cheque deposit on the second working day after it has been deposited. | ||
| Int After BACS Deposit: | Interest starts being paid on BACS deposit from the same day as the funds are received. | ||
| Interest Variant: | No | ||
| Max Balance High Interest: | Unlimited | ||
| Fee & Charges | |||
| Free Banking: | Free banking is not available as an annual charge is made. | ||
| Monthly Charge: | The monthly fee for this account is £8.00. | ||
| Standing Order Charge: | No charge made for payment of a standing order. | ||
| S/O Setting Up Charge: | No charge made for setting up a standing order. | ||
| S/O Amendment Charge: | No charge made for amendment of a standing order. | ||
| S/O Cancellation Charge: | No charge made for cancellation of a standing order. | ||
| Unpaid S/O Charge: | The charge for an unpaid standing orders is £10.00. | ||
| Direct Debit Charge: | No charge made for payment of a direct debit. | ||
| Debit card charge Europe: | Unlimited | ||
| D/D Setting Up Charge: | No charge made for setting up a direct debit mandate. | ||
| D/D Amendment Charge: | No charge made for amendment of a direct debit mandate. | ||
| D/D Cancellation Charge: | No charge made for cancellation of a direct debit mandate. | ||
| Unpaid D/D Charge: | The charge for an unpaid direct debit is £10.00. | ||
| CHAPS Charge: | The charge for CHAPS payment is £15. | ||
| Stopped Cheque Charge: | A charge of £5 is made for a stopped cheque (except lost or stolen cheques). | ||
| Unpaid Cheque Charge: | The charge for an unpaid cheque is £10.00. | ||
| Transaction Charge: | No charge is made for standard banking transactions on this account. | ||
| ATM Withdrawal Charge: | Wesleyan Savings Bank will not make any charges for using any cash machine in the UK . Some machine owners may make a charge for the use of their cash machines. Customers will be informed of the amount of the charge when they make the withdrawal. | ||
| ATM charge Europe: | Unlimited | ||
| A/c Transfers Int. Free: | Overdraft facilities are not available. | ||
| Bankers Draft Charge: | There is a charge of £5 per cheque for a banker's draft. | ||
| Copy Cheque Charge: | There is a charge of £5 for a copy of a cheque. | ||
| Duplicate Stat Charge: | The charge for duplicate statements is £5. | ||
| Special Clearance Charge: | The charge for a special clearance of a cheque is £10. | ||
| Forex fee % Europe: | A conversion fee of up to 2.25% of the transaction will be charged. | ||
| Other Charges: | There are variable charges for outward overseas transactions and the negotiation of foreign currency cheques. | ||
| Compare | |||
| Products: | www.wesleyan.co.uk Current Accounts | ||
