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Business account holders must be
resident in the UK at the time of opening the account.
Most of the UK bank having condition
of Minimum deposit £1.
The maximum deposit for bonds is £1
million and for accounts is £10 million.
For all accounts, your can choose
whether interest is to be paid monthly or yearly.
All interest rates are variable and
change any time.
Withdrawals sent by electronic
transfer via your external account will normally take 3 working days.
Some Banks also charge money for
telephonic withdrawals. Like Standard Chartered Bank charge For
Premium Accounts, an Excess Telephone Charge of £50, if you makes
more than 3 withdrawals by telephone in any year on a Premium Account.
If you withdraw without giving notice
in Notice accounts or give short notice, you have to pay some penalty
for that. Like Standard Chartered Bank charge penalty For 10
Day Notice Accounts, equal to 10 days' gross interest on the
amount withdrawn if you does not give us 10 clear days' notice of
withdrawal. For 60 Day Notice Accounts they will charge a penalty equal
to 60 days' gross interest on the amount withdrawn if you does not give
us 60 clear days' notice of withdrawal.
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