Set Up A Bank Account
Set up a recurring pre authorized debit minimum 50 with the first pre authorized debit posted to the new account before february 1 2021.
Set up a bank account. You won t be able to have a cheque book or go overdrawn. Pre authorized debit must occur either weekly biweekly monthly or twice per month. When you open your account you can apply for an arranged overdraft. If you go over your arranged overdraft limit you ll be charged interest at 39 9 ear variable on any amount over the limit up to a maximum of 20 a month.
We ll give you 3 50 for each of the first two direct debits you pay out from the account. Switching is simple it takes just seven working days and the full switch option is backed by the current account switch guarantee pdf 38kb. Not all basic bank accounts can be accessed at the post office. If your savings account enrolled in keep the change is converted to a checking account keep the change transfers will continue to be made into that account.
For all other applications you can still apply online and our relationship manager will call you at a convenient time to follow up with your application. Accounts will be opened instantly for applications submitted between 6am 11pm. Barclays bank account for flexible rewarding banking apply to open an account that lets you earn rewards 1 for banking with us and an app 2 that helps you keep your money under control. Once you ve joined you can get up to 7 a month for using your account.
As part of a regulatory requirement an independent survey was conducted to ask approximately 1 000 customers of each of the 19 largest personal current account providers if they would recommend their provider to friends and family the results represent the view of customers who took part in the survey. There are some disadvantages to having a basic bank account. If you ve set up a direct debit and there s not enough money to pay for it you might be charged for this. Applications made through this service are subject to approval by dbs bank.
You need this for financial tasks like setting up direct deposits your social security number. Anything you borrow above that but within your arranged or unarranged overdraft limit will be charged interest at 39 9 ear 4. Your bank account number. The first 25 is interest free.