Online Cash ISA - Your Questions Answered
Interest and Taxation
Interest is calculated from the third working day from and including the day we receive a cheque (if this is a working day). Interest is then accrued until, but not including, the day of withdrawal, on a daily basis. This is either credited to your account balance, paid to another suitable Skipton account, or, sent via the BACS (Banks Automated Clearing System) to your bank or building society on the date specified in your product terms and conditions.
Interest rate changes will be advertised in two or more daily newspapers, currently The Daily Telegraph and The Express and will be displayed within our branch offices. We will also send you a message saying the rate has changed and to check our website where the changes will also be displayed.
Withdrawing money
Subject to the terms and conditions of the type of account you hold you can:
- Make a one off payment to another Bank or Building Society.
- Make regular payments to another Bank or Building Society.
- Transfer funds to another Skipton Building Society account.
For full details see the account terms and conditions.
Follow the log in procedure to display your Summary of Accounts page. From here select the appropriate account, select the Withdraw Money option and your account details will then be displayed.
Depositing money
Unless otherwise stated in your account terms and conditions, you can pay money in by cash, cheque, BACS or Telegraphic Transfer (CHAPS).
If your account type is ‘Internet Enabled’ you will be able to transfer money from it. However, you will not be able to transfer money from an account which requires a passbook or certificate. In this instance you will need to process the transfer in the usual way for that account via your local branch or by posting your passbook to Principal Office.
It usually takes seven working days for a cheque6to clear from the day of receipt. The system automatically prohibits withdrawal of uncleared funds. Please refer to the terms and conditions of your account for more details.
You can arrange for a regular sum to be paid into your account from your own bank account.
Please supply your product providers with the following information:
Barclays Bank, SKIPTON BUILDING SOCIETY account 70798924 sort code 20-78-42 quoting your savings account number.
Any transaction completed after 4 pm Monday – Friday will be processed on the next banking day. All transactions input on Saturday and Sunday will be processed on the next banking day. For full clearance times please see the terms and conditions of your account.
You need to contact the source of the payment to see why the payment has not occurred.
| Sort Code |
20 – 78 – 42 |
| Account Number |
70798924 |
| Reference Number |
Your Investment Account Number |
You will be responsible for any fee your bank or building society may charge for this service.
Statements and balances
Follow the log in procedure to access your Summary of Accounts page. The balance will be displayed for each of your accounts.
You can view transactions for the previous 12 months by accessing your Summary of Accounts page.
You can get a printable transaction statement at any time. Follow the log in procedure to access your Summary of Accounts page, choose the account that you wish to view and click on View my Statement. This displays the last three transactions for that account. If you wish to see more, click on the appropriate date (up to 12 months) using the drop down box and then click on Show Me. You can print the page if required.
Change of details
Follow the log in procedure to access your Summary of Accounts page, choose the Change My Personal Details button and you will be given the option to Change address.
Follow the log in procedure to access your Summary of Accounts page, choose the Change My Personal Details button and you will be given the option to change your name. You will be requested to print the Change of Name form and send it into our Principal Office with any required evidence.
Follow the log in procedure to access your Summary of Accounts page, choose the Change My Personal Details button and you will be given the option to Change telephone number.
Follow the log in procedure to access your Summary of Accounts page, choose the Change My Personal Details button and you will be given the option to Change email address.
Notification must be done by post to the Principal Office. Access to the internet channel will be withdrawn whilst the registration procedures are completed to prevent money leaving the account following notification of death.