Available to UK based solicitors’ non-designated client funds, the account pays attractive monthly interest rates on a tiered basis.
OPERATING THE ACCOUNT
The minimum opening and operating balance is £1. The maximum investment is £2m.
Download an application form, continuation form for more signatories if required and a list of partners.
The opening investment should be by cheque or transfer from the firm’s nominated bank account.
Additional investments can be made by cheque or via BACS or CHAPS transfer.
Withdrawals can be made instantly in person at our branch, by post, by fax (if withdrawal request is faxed, then it must be on the firm’s headed paper and confirmation sent by post) and by BACS or CHAPS transfer. Instructions for electronic transfers received before 3.00 pm will be processed the same day. Instructions received after this time will be processed the following working day. Please be aware that a fee of £25 is applied to each CHAPS withdrawal, which is payable on a quarterly basis billed to the firm. For security reasons we cannot accept instructions by telephone.
The account can be closed at any time if you make your request in writing.
INTEREST RATES
Click here to view the current interest rates.
Interest is paid at the end of each month either into the account or into the bank / building society account stated on the application form at the time of account opening.
The interest rates are variable and we may change them at any time. To comply with Payment Services Regulations, if we change the interest rate on your account, or make any other material change, we will inform you 60 days before the change.
IDENTIFICATION
See the application form for identification requirements. It is the firm’s responsibility to ensure their clients’ identity is verified. We will check the firm’s status with the Law Society.
IMPORTANT INFORMATION
As this is a deposit account, you will not become a Member but you will be bound by the Society’s Rules, a copy of which is available on request.
Cheques should be made payable to Buckinghamshire Building Society re: [name of firm].
This account is subject to the Terms and Conditions as stated on this page and the Society’s General Terms and Conditions for Payment accounts.
The Society operates a 14 day cooling off period, so if you change your mind about opening this account you will receive all your original capital plus any interest accrued.
Subject to the requirements of the Payments Services Directive, the Society reserves the right to suspend or amend an account at any time without notice and potential investors should check that the required issue is still available.
As this account is operated with a passbook, you will not automatically receive a statement. Statements are available on request.
We have our own internal procedure for dealing with complaints and a copy of our leaflet is available on request. See the Essential Information page for details.
If any of your details change, for example you wish to add or remove a signatory or your firm moves, you must notify us in writing.
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