US Dollar Bank Account

Transcription

1 FACT SHEET Page 1 of 3 Please keep for future referece US Dollar Bak Accout Call us o Fact Sheet (icludig Fiacial Services Compesatio Scheme (FSCS) Iformatio Sheet & Exclusios List) The US Dollar Bak Accout is a curret accout that offers the facility to hold US dollar currecy ad make istat trasfers betwee this ad other Cater Alle Bak Accouts liked to the same customer without icurrig ay currecy coversio charges. This accout is subject to availability ad may be withdraw from sale at ay time without otice. The Fiacial Coduct Authority is a fiacial services regulator. It requires us, Cater Alle, to give you this importat iformatio to help you decide whether our US Dollar Bak Accout is right for you. You should read this documet carefully so that you uderstad the features of the Accout you are opeig ad the keep it safe for future referece. Summary Product Details Accout ame What is the credit iterest rate? US Dollar Bak Accout Balace Gross p.a. (variable) AER (variable) $5, % 0.00% Rates correct as at 13 Jauary How credit iterest is calculated ad paid Iterest is calculated daily. Iterest is credited to your accout after close of busiess o the 27th of each moth. Details of curret iterest rates ad charges are available at or by callig us o The gross rate is the iterest rate we pay where o icome tax has bee deducted. AER stads for Aual Equivalet Rate ad shows what the iterest rate would be if we paid iterest ad added it to your accout each year. Ca Cater Alle chage the iterest rate? Yes, the credit iterest rate o this accout is variable. This type of rate ca go up or dow (for example, i respose to a Bak of Eglad base rate chage). If the credit iterest rate goes dow, we ll let you kow i writig at least 2 moths before the rate chages. If the rate goes up, we may make the chage immediately ad give you otice withi 30 days of makig the chage.

2 Page 2 of 3 How do I ope ad maage my accout? Eligibility Available to private idividuals aged 18 ad above oly. You ca have up to 4 joit accout holders. Opeig your accout You ca apply for this accout via your accoutat or fiacial adviser. You will eed to complete a Persoal Accout Applicatio Form ad Madate which ca either be dowloaded from our website or requested through your adviser. If you wat to apply for this accout ad do t have a professioal adviser, please call There is a miimum opeig deposit of 5,000 (US Dollar equivalet). We will ot ope the accout without the correct value of deposit beig received ad will write to you to request the correct value of deposit if it is ot supplied with your applicatio. Operatig your accout The US Dollar Bak Accout allows ulimited free day-to-day trasactios every moth icludig; cash machie withdrawals, over-the-couter cash withdrawals ad purchases made with the Visa Debit Card (icludig recurrig trasactios). For details of other trasactios which icur charges please refer to our Bakig Tariff. The US Dollar Bak Accout ca be liked with a Sterlig Bak Accout ad/or Euro Bak Accout held uder your Customer Number. No currecy coversio commissio/charges are applied whe you trasfer moey betwee your US Dollar Bak Accout ad your Sterlig Bak Accout or Euro Bak Accout. Iteral trasfers to your other Cater Alle accouts are available through our Iteret Bakig Service, subject to limits. You will be told of ay limits at time of trasactio. Otherwise, the Accout is view oly ad all other trasactios will eed to be processed over the phoe. If you re ot curretly registered for Iteret Bakig please call us o to register. To operate or talk about your accout over the telephoe please call us for a 6 digit Persoal Access Code (PAC). We ll ask you for your PAC ad your Customer ID wheever you call us. If you already have aother accout with Cater Alle or you ve had a accout with us i the past, you ca cotiue to use your existig PAC. If you do t kow your existig PAC umber, please call us ad we ca sed it to you. Debit Card A Visa Debit Card is available for this accout. A maximum of two Visa Debit Cards ca be held per accout. Full details about the cards are to be foud i the Visa Card Cardholder s Guide. Deposits Fuds may be held i US Dollars oly. If requested a payig-i book will be supplied. Pre-paid evelopes are provided for easy payig-i. You ca also easily deposit additioal fuds ito your Accout electroically (e.g. by Stadig Order from aother accout). Maagig your accout This accout ca be maaged by telephoe, by post or olie. If you d like more iformatio about the US Dollar Bak Accout please visit or call us o Alteratively, your Fiacial Adviser ca also provide you with more iformatio. All Cater Alle Accouts ad Visa Debit Cards are subject to status. Ca I withdraw moey? Yes, however there is a total daily cash withdrawal limit of $2,005 (via a combiatio of withdrawals over the couter i baks ad via cash machies). A maximum of 5 cash withdrawals ca be made per day whe withdrawig via cash machies up to a maximum of $2,005 i total with a maximum of $600 per withdrawal.

3 Page 3 of 3 Additioal iformatio Statemets The default date for productio of your statemet is mothly o the 27th of each moth. You ca request that we chage the date for productio of your statemet, i which case your statemet date will chage accordigly. You may also request a chage i statemet frequecy except where ay Visa Debit Cards are issued o the accout or where there are overdraft charges beig applied, i which case statemets must be set out at a miimum frequecy of oce a moth. Your iterest paymet date will ot be affected by ay chage you make to your statemet frequecy. You ca dowload trasactio listigs olie at ay time usig our Iteret Bakig Service. Iterim or duplicate statemets are available o request. Please see our Bakig Tariff for details of charges. Overdrafts There is o arraged overdraft available o this accout. If you go ito egative balace a uarraged overdraft iterest rate will be charged, as show i the Bakig Tariff. Overdrafts are subject to status ad ot available to persos uder 18 years of age. Charges apply, please see our Bakig Tariff for details. Overdrafts are repayable o demad. We adhere to The Stadards of Ledig Practice which are moitored ad eforced by the Ledig Stadards Board (LSB): Tax status Cacellatio period Closig the accout Terms ad Coditios Iterest paymets will be paid usig the gross rate. This meas all the iterest we pay you will be without tax deducted. If the total amout of iterest you receive exceeds ay Persoal Savigs Allowace to which you re etitled, you may have to pay tax at the applicable rate. This would eed to be paid directly to HM Reveue & Customs. For more iformatio, please visit You have 14 days i which to cacel the Accout if you should chage your mid. If withi 14 days of receipt of the welcome pack cofirmig that your Accout has bee opeed, you cotact us at Cater Alle Private Bak, Satader House, 9 Nelso Street, Bradford, BD1 5AN to iform us that you wish to cacel, we will close the Accout ad withi 30 days of such cacellatio give you back all the moey i your Accout ad ay iterest it has eared, as at the date of cacellatio. You may close your Accout at ay time by givig us otice, so log as it is i accordace with your Accout madate. The Persoal Terms ad Coditios apply to this Paymet Accout. Additioal Terms ad Coditios apply to the Iteret Bakig Services ad are available o or by callig us o CAPB 0749 JAN 18 H Cater Alle Private Bak is able to provide literature i alterative formats. The formats available are: Large Prit, Braille ad Audio CD. If you would like to register to receive correspodece i a alterative format please cotact us o For the hard of hearig ad/or speech impaired please use the Text Relay service. Further details ca be foud at gts.org.uk Cater Alle Private Bak is the ame used for bakig services provided by Cater Alle Limited. Registered Office: 2 Trito Square, Reget s Place, Lodo, NW1 3AN. Registered i Eglad umber Authorised by the Prudetial Regulatio Authority ad regulated by the Fiacial Coduct Authority ad Prudetial Regulatio Authority. Our Fiacial Services Register umber is Cater Alle Limited is part of the Satader group. Cater Alle ad the flame logo are registered trademarks. Calls may be recorded or moitored. Telephoe CATER ALLEN, PART OF THE SANTANDER GROUP

4 INFORMATION SHEET Basic iformatio about the protectio of your eligible deposits Eligible deposits i Cater Alle Limited are protected by: the Fiacial Services Compesatio Scheme ( FSCS ) 1 Limit of protectio: 85,000 per depositor per bak 2 If you have more eligible deposits at the same bak: The followig tradig ames are part of your bak: Cater Alle Private Bak All your eligible deposits at the same bak are aggregated ad the total is subject to the limit of 85, If you have a joit accout with other perso(s): The limit of 85,000 applies to each depositor separately. 3 Reimbursemet period i case of bak failure: 20 workig days 4 Currecy of reimbursemet: Poud sterlig (GBP, ) To cotact Cater Alle Limited for equiries relatig to your accout: Tel: To cotact the FSCS for further iformatio o compesatio: Fiacial Services Compesatio Scheme, 10th Floor Beaufort House, 15 St Botolph Street, Lodo, EC3A 7QU Tel: or More iformatio: ICT@fscs.org.uk Additioal iformatio 1 Scheme resposible for the protectio of your eligible deposit Your eligible deposit is covered by a statutory Deposit Guaratee Scheme. If isolvecy of your bak, buildig society or credit uio should occur, your eligible deposits would be repaid up to 85,000 by the Deposit Guaratee Scheme. 2 Geeral limit of protectio If a covered deposit is uavailable because a bak, buildig society or credit uio is uable to meet its fiacial obligatios, depositors are repaid by a Deposit Guaratee Scheme. This repaymet covers at maximum 85,000 per bak, buildig society or credit uio. This meas that all eligible deposits at the same bak, buildig society or credit uio are added up i order to determie the coverage level. If, for istace a depositor holds a savigs accout with 80,000 ad a curret accout with 20,000, he or she will oly be repaid 85,000. This method will also be applied if a bak, buildig society or credit uio operates uder differet tradig ames. Cater Alle Limited also trades uder the ame Cater Alle Private Bak. This meas that all eligible deposits with oe or more of these tradig ames are i total covered up to 85,000. I some cases eligible deposits which are categorised as temporary high balaces are protected above 85,000 for six moths after the amout has bee credited or from the momet whe such eligible deposits become legally trasferable. These are eligible deposits coected with certai evets icludig: (a) (b) (c) certai trasactios relatig to the depositor s curret or prospective oly or mai residece or dwellig; a death, or the depositor s marriage or civil partership, divorce, retiremet, dismissal, redudacy or ivalidity; the paymet to the depositor of isurace beefits or compesatio for crimial ijuries or wrogful covictio. More iformatio ca be obtaied uder 3 Limit of protectio for joit accouts I case of joit accouts, the limit of 85,000 applies to each depositor. However, eligible deposits i a accout to which two or more persos are etitled as members of a busiess partership, associatio or groupig of a similar ature, without legal persoality, are aggregated ad treated as if made by a sigle depositor for the purpose of calculatig the limit of 85, Reimbursemet The resposible Deposit Guaratee Scheme is the Fiacial Services Compesatio Scheme, 10th Floor Beaufort House, 15 St Botolph Street, Lodo, EC3A 7QU, Tel: or , ICT@fscs.org.uk. It will repay your eligible deposits (up to 85,000) withi 20 workig days util 31 December 2018; withi 15 workig days from 1 Jauary 2019 util 31 December 2020; withi 10 workig days from 1 Jauary 2021 to 31 December 2023; ad withi 7 workig days from 1 Jauary 2024 owards, save where specific exceptios apply. Where the FSCS caot make the repayable amout available withi 7 workig days, it will, from 1 Jue 2016 util 31 December 2023, esure that you have access to a appropriate amout of your covered deposits to cover the cost of livig (i the case of a depositor which is a idividual) or to cover ecessary busiess expeses or operatig costs (i the case of a depositor which is ot a idividual or a large compay) withi 5 workig days of a request. If you have ot bee repaid withi these deadlies, you should cotact the Deposit Guaratee Scheme sice the time to claim reimbursemet may be barred after a certai time limit. Further iformatio ca be obtaied uder Page 1/2

5 Other Importat Iformatio I geeral, all retail depositors ad busiesses are covered by Deposit Guaratee Schemes. Exceptios for certai deposits are stated o the website of the resposible Deposit Guaratee Scheme. Your bak, buildig society or credit uio will also iform you of ay exclusios from protectio which may apply. If deposits are eligible, the bak, buildig society or credit uio shall also cofirm this o the statemet of accout. EXCLUSIONS LIST A deposit is excluded from protectio if: (1) The holder ad ay beeficial ower of the deposit have ever bee idetified i accordace with moey lauderig requiremets. For further iformatio, cotact your bak, buildig society or credit uio. (2) The deposit arises out of trasactios i coectio with which there has bee a crimial covictio for moey lauderig. (3) It is a deposit made by a depositor which is oe of the followig: credit istitutio fiacial istitutio ivestmet firm isurace udertakig reisurace udertakig collective ivestmet udertakig pesio or retiremet fud 1 public authority, other tha a small local authority 1 Deposits by persoal pesio schemes, stakeholder pesio schemes ad occupatioal pesio schemes of micro, small ad medium sized eterprises are ot excluded. For further iformatio about exclusios, refer to the FSCS website at Cater Alle Private Bak is able to provide literature i alterative formats. The formats available are: Large Prit, Braille ad Audio CD. If you would like to register to receive correspodece i a alterative format please cotact us o For the hard of hearig ad/or speech impaired please use the Text Relay service. Further details ca be foud at Cater Alle Private Bak is the ame used for bakig services provided by Cater Alle Limited. Registered Office: 2 Trito Square, Reget s Place, Lodo, NW1 3AN. Registered i Eglad umber Authorised by the Prudetial Regulatio Authority ad regulated by the Fiacial Coduct Authority ad Prudetial Regulatio Authority. Our Fiacial Services Register umber is Cater Alle Limited is part of the Satader group. Cater Alle ad the flame logo are registered trademarks. Calls may be recorded or moitored. Telephoe CATER ALLEN, PART OF THE SANTANDER GROUP Page 2/2 CAPB 1239 JAN 17 HT