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Click the PRODUCTS & SERVICES button on the left to expand it again.
Ok. Got itTake note of these changes that apply from 1 October 2022.
Current account change – effective 1 October 2022.
According to a new regulatory ruling, if your current account balance is not enough to cover a payment, we will not be able to honour the payment on your behalf.
You will need to rectify any negative balance on the same day.
If you go into excess on your current account, we will contact you and you will have only until 16:00 on the same day to rectify this, failing which the item(s) causing this excess will be unpaid and the relevant penalty fee(s) applied.
This could also have a negative impact on your credit record. Furthermore, if you have debit orders scheduled for the time that your account balance is negative, it could become an administrative burden to rectify debit orders that were returned.
There are ways to mitigate this risk.
To avoid items being returned unpaid, please contact your private banker to apply for an overdraft or an increase to your existing overdraft.
If you aren’t a client and want to benefit from our expert advice, please get in touch.
Call us on 0860 111 263 or click here to complete our online form.
Get advice on how to access, protect and grow your global wealth, and borrow and transact with our banking offering.
Get globally integrated private-banking advice, products and services to help you make the most of your wealth.
Get advice on how to access, protect and grow your global wealth, and borrow and transact with our banking offering.
Get globally integrated private-banking advice, products and services to help you make the most of your wealth.