Web27 Aug 2010 · Taking money from one of your accounts to pay off another Banks have a legal right to transfer money from an account in credit, to make payments due on another. It is sometimes called a right of ... WebPay just £13 a month for maintaining the account. Conditions apply. FlexDirect , our online current account with access to in-credit interest and an interest-free arranged overdraft for the first 12 months. Conditions apply. FlexAccount, our everyday current account where you can bank your way with no monthly fee.

Update on the Law Relating to Set-Off - Clarus Press

WebTo qualify for switch bonuses you must close and switch your old account using the Current Account Switch Service – you do this through the new bank you're switching to. The … WebBanker’s set-off/Combination of accounts. This is a right implied by law that allows a bank to combine the accounts of a single customer by striking a net balance between the debit balance on one account against the credit balance on another (unless there is an agreement to keep them separate). This right is not set-off in the technical sense ... new to leadership

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WebPay just £13 a month for maintaining the account. Conditions apply. FlexDirect , our online current account with access to in-credit interest and an interest-free arranged overdraft … WebJust like other accounts, joint accounts are protected by the Financial Services Compensation Scheme (FSCS) – up to £85,000. For joint accounts, the FSCS assumes that each account holder holds an equal share. So, for a two-person joint account, you could deposit £170,000, or £85,000 each – and it would all be protected. WebRead on to learn more about how the right of offset affects you as a bank or credit union customer. Right of Offset Defined. Generally, a bank or credit union can take your money … midwestern bank based in kansas city mo