Charges for overdrawn balances
Your Wesleyan Bank account may not be overdrawn, but if any
debit balance does arise you can go up to £250 overdrawn at any
time without being charged a fee. All you pay is 8% EAR* debit
interest.
If you go more than £250 overdrawn, interest is charged at 25%
EAR*. You will also pay a monthly management fee of £15.
*EAR is the Equivalent Annual Rate.
Privilege Account Tariff
Privilege Account services are offered for a monthly fee of £8
and will be deducted from your account at the end of every calendar
month.
General Charges
If you do not have enough money in your account to cover the
amount of any withdrawal, we may refuse to pay it and make the
following charges:
- Cheque, direct debit or standing order not able to be paid due
to insufficient funds - £10.00
- Monthly charge for unauthorised overdraft - £15.00
Personal Loan Default Fees
If you fail to make any of your monthly
repayments on the date agreed, we will be entitled to charge you
interest on the overdue amount on a daily basis from when we should
have received the payment until we actually receive it. This
interest will be charged at the rate which applies to this
Agreement. We will charge you for any reasonable costs or losses if
you break your loan agreement. This includes a £10 charge on each
occasion a direct debit request is not met by your bank, or if you
fail to make, in full, any payment immediately it is due for
payment.
Cash Machine (ATM) charges
We will not make any charges when you take money out of your
Classic Account or Privilege Account at any cash machine in the
UK.
Some machine owners may charge for the use of their cash
machines.
When you make your withdrawal they will tell you the amount of
the charge and you authorise us to deduct these charges from your
account.
Charges for using your card abroad
If you use your card abroad and make transactions other than
sterling, the amount of each transaction will be changed to
sterling on the date Visa International process the payment.
We reserve the right to include a conversion fee of up to 2.25%
of the transaction. The transfer may be subject to other charges
levied by the bank abroad, which will be included in the debit to
your account. A handling fee of up to £1.50 may also apply.
Charges for special services (payable when you use this
service)
- Stopped cheque (except for lost or stolen cheques) - £5.00
- Copy of paid cheque - £5.00
- Special presentation - £10.00
- CHAPS (same day electronic funds transfer between banks) -
£15.00
- Bankers Drafts - £5.00 per cheque
- Extra statements - £5.00
- Outward overseas transactions and Negotiation of Foreign
Currency Cheques. Please ask for details
Under the Wesleyan Bank Account conditions, at any time we may
require you to pay us any overdraft interest or charges, which you
owe on your account. Interest and charges are due when they are
incurred, however, we will give you at least 14 days notice before
we take any interest or charge out of your account (apart from the
monthly service fee for your Privilege Account which will be
deducted from your account at the end of every calendar month).
We may change charges and make new or different ones (or change
the way you have to pay charges).
Resources:
Click an item below to download the document
