Operating an account: withdrawals

Withdrawals must be for a specified amount unless the account is to be closed

The minimum withdrawal amount is £250

If a withdrawal would take the account balance below the required amount to keep the account open (£500), the account will have to be closed

90 days’ notice is required for any withdrawal from your account. The notice period starts on the date we receive your signed request and we will send you a letter confirming the withdrawal due date. At the end of the 90 day period, we will process your request unless you have requested us to cancel it

If the notice period ends on a weekend or a bank holiday, it will be deemed to end on the last working day before and the amount to be withdrawn will become available from that date

Withdrawals can be requested by using a Withdrawal notification form or by sending us a letter signed by whoever is authorised to operate the account