3. Deposits & Withdrawals
When can I make payments into my account?
We will send you a secure message advising you when to send your opening deposit. You may then continue to
make deposits into your account at your convenience. Please do not send any funds until instructed to do so.
The opening deposit is £15,000. The Opening balance deposit must be made with funds that are not already
deposited with the bank. The minimum value of funds that can be deposited is £1. Please note that the first
deposit to your account can only be accepted if drawn on an account in your own name or issued by a bank, a
financial institution, an advocate, solicitor or lawyer and made payable to your name.
How do I pay money into my eSaver Offshore account?
The eSaver Offshore is a Sterling only product. Dependent upon the currency you are sending, all deposits into
this account must be sent electronically to the following bank details.
|
Depositing Sterling |
Depositing Euros |
Depositing US Dollars |
| Bank |
HSBC Bank plc, Douglas, Isle of Man |
HSBC Bank plc, London |
HSBC Bank USA, New York, USA |
| Sort Code |
40-19-38 |
40-05-15 |
N/A |
| SWIFT |
MIDLGB22 |
MIDLGB22 |
MRMDUS33 |
| IBAN |
GB14MIDL40051539777296 |
GB10MIDL40051539778241 |
N/A |
| Routing |
N/A |
N/A |
021001088 |
| Account Name |
Alliance & Leicester International Ltd |
Alliance & Leicester International Ltd |
Alliance & Leicester International Ltd |
| Account Number |
52424436 |
39778241 |
000137502 |
| Reference - Opening deposit |
Your unique application reference number and your name |
Your unique application reference number and your name |
Your unique application reference number and your name |
| Reference - Further deposit |
Your account number followed by your surname and initials |
Your account number followed by your surname and initials |
Your account number followed by your surname and initials |
Once your account has been opened please be sure to quote your account number on all future deposits into your account.
The account details to be used when sending your funds to us depends on the currency of the funds you are
sending. If you wish to send Euro or US Dollars to credit
your eSaver Offshore account in Sterling, you must send them in accordance with the Euro or US Dollar account
details above and we will exchange your funds into Sterling on receipt.
If the funds are converted before they reach us, we cannot control the exchange of currency or any associated
charges or commissions, which will be deducted from your remittance.
Will I be charged for depositing money into my eSaver Offshore
account?
Alliance & Leicester International will not charge you for depositing
Sterling funds into your eSaver Offshore account. Other banks and /or agents
may charge you to send funds to us, for example they may charge a transaction
fee for same-day UK CHAPS transfers or other Electronic Funds Transfers, either
domestic or international. Your bank may also offer a cost effective BACS
service for a transfer of your funds if you are sending them from within the
UK. Please speak to your bank about their services and charges.
What if I hold non-Sterling funds and I wish to use them to
open an eSaver
Offshore account?
If you are sending non-Sterling funds, e.g. US Dollars or Euros, for credit
to your eSaver Offshore account, you should send them to our US Dollar or Euro
account - details can be found on our website - and we will convert the funds
to Sterling for credit to your Sterling eSaver account. If you send
non-Sterling funds to our Sterling account at HSBC, then HSBC will
automatically convert your funds to Sterling and we will have no control over
the exchange rate you receive. Our General Terms & Conditions apply.
Can I pay cash or cheques into my eSaver Offshore?
No. You can not deposit cheques or cash into this account.
Can I arrange a regular payment into the account?
A standing order can be set up at your bank to transfer funds to this account on a regular basis. Contact
your bank by telephone or internet or print our
Standing Order Authority form.
How do I withdraw money?
All withdrawal requests must be instructed via MyBankOffshore, our internet banking service and will be
electronically transferred to your linked nominated account. The minimum you are allowed to withdraw is
£1,000.
Withdrawals can be made either by same day electronic transfer (CHAPS), for which a fee will apply, or free
with a BACS transfer. BACS transfers will take between 3-5 working days to reach their destination and are
available to UK banks only. All withdrawals to non UK banks will be sent by Electronic Funds Transfer for which a fee will apply.
To request a withdrawal of funds, log on to MyBankOffshore and click on the Fund Transfer navigation tab.
How do I request a foreign exchange withdrawal?
If you wish to make a withdrawal in a currency other than Sterling, please send us a secure message detailing
the amount and currency of your withdrawal request, together with the
last 4 digits of the foreign currency nominated account to which you wish the funds to be sent.
All non-Sterling withdrawal requests will be subject to a call period of two working days which is
required for us to put the necessary non-Sterling funds in place.
Foreign exchange transactions are carried out in accordance with our General Terms & Conditions.