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Privilege Account

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Key benefits:

  1. Personal banker you can contact directly
  2. Competitive interest rate
  3. Preferential terms on Wesleyan products and services
  4. Visa Gold Debit Card
  5. Free Worldwide Multi-Trip Travel Cover
  6. Commission-free Travel Currency

A personal service for your individual banking requirements

The Privilege Account from Wesleyan Bank is designed to make your life a little bit easier. It's ideal if you like to keep a sum of money on-hand for when you need it, but want a greater rate of interest than a standard current account.

When you open your Privilege Account you'll be assigned a personal banker. They are on hand to give you access to investment opportunities as they arise to help you get a better return on your money and can put you in touch with a team of financial specialists. And for all this you'll only be charged a monthly subscription of £8, taken directly from your account.

Choose how you access your account...

...online, by phone or via cash machines.

To benefit from a Privilege Account apply online now. If you experience any problems, contact our helpdesk by email or phone.

Talk person-to-person

Unlike many banks we believe our customers prefer a personal level of service. So you won't find yourself speaking to a computer or a call-centre on the other side of the world. Old fashioned? Perhaps. Efficient and user-friendly - certainly!

Before completing the application form it is important to read the terms and conditions below.

Apply online

Privilege Account Specific Terms and Conditions (pdf)

Wesleyan Bank General Terms and Conditions (pdf)

Additional Privilege Account Benefits

Visa Gold Debit Card

This enables you to pay for goods and services anywhere in the world where you see the Visa sign. It also gives you 24-hour access to your savings, allowing you to withdraw up to £500 a day in the UK or Worldwide at any cash machine displaying the VISA or PLUS logo.

24-hour lost and stolen helpline

If your Visa Gold Card is lost or stolen in the UK, phone the lost and stolen helpline (it's open 24-hours a day) free on 0800 0831802. We will then cancel your old card and organise a replacement.

Visa Global Gold Card Assistance service

Wherever you are in the world, we can quickly organise a replacement card and if necessary, emergency cash if your card is lost or stolen.

Cheque Book

For convenience, the Privilege Account includes a cheque book.

Preferential terms for Privilege Account holders

You can benefit from preferential terms every time you buy from a selected range of investment products from the Wesleyan Financial Services Group.

We can give you access to a range of financial products, from lump sum investments and regular savings, to life assurance and illness cover.

In addition you will qualify for special terms on a selected products including Equity ISAs and Unit Trusts: 1% discount on the unit price (Growth Trust and International Funds only) and 1% cash-back on your initial investment with Capital Investment Bonds.

Commission-free Travel Currency

Call your personal banker to order up to £2,500 worth of major foreign currencies and travellers' cheques, commission-free. If you pay for your travel money from your Privilege Account, it will be delivered free of charge. Once you return, you can exchange any unspent foreign currency for sterling at any Travelex bureau, commission-free.

Free Worldwide Multi-Trip Travel Cover

You and your family will receive free annual worldwide travel cover with 17 days of winter sports included. The travel cover is available to customers between 18 and 68 years of age subject to being in good health, for a maximum duration of 30 days per trip.

In addition to your travel insurance, you will get access to a wealth of services whenever you travel abroad, including...

  • Information on visa and passport requirements, pre-trip health information and guidance.
  • Air travel information
  • Worldwide hotel and restaurant information
  • Information on customs and foreign exchange rates
  • 'What's on' information for sporting activities, concerts, festivals, theatre and other leisure facilities, for most major international cities
  • Travel planning: interpreters, translators and legal advice while abroad.

Travel insurance full policy wording (pdf)

Summary Box
Key Product Information

Account Name Wesleyan Bank Privilege Account    
Interest rates View current interest rates
Tax Status Interest is paid net of basic rate tax (currently 20%). Interest will be paid gross if have registered as a non-taxpayer by completing and sending us the appropriate HM Revenue & Customs form.
Conditions for bonus payments  

Use the below link to review the bonus payments 

Current Interest Rates

Withdrawal arrangements No notice period
No charges for withdrawals
Access Internet, ATM, Debit Card, phone, post

©2010 Wesleyan Assurance Society