Operating an account: withdrawals

Funds will only be repaid to the Scheme Administrator either by cheque or Faster Payment (up to a maximum of £100,000).

Amounts over £100,000 will need to be sent by CHAPS for which a charge will be applied. Please refer to our Current savings rates and charges leaflet

If a withdrawal would take the account balance below the required amount to keep the account open (£250), the account will have to be closed