Administration charges for savings and current accounts
For services outside the normal operation of your account we make certain charges to cover the administration costs involved. We will let you know the charge for any other service before we provide that service to you. You can also check current charges with your local branch or by contacting us.
Please note: if a charge is to pay for an additional service e.g. Telegraphic transfer, the charge will be payable at the time the service is requested.
Current charges (effective 16 December 2011)
|
| Insufficient funds available to pay a standing order or one-off electronic payment. |
£20.00 |
| Insufficient available funds to pay a Direct Debit |
£20.00 |
Low balance transaction charge.
Charged when the balance falls below £100 on the following accounts:
BranchSave MoneyManager (passbook)
BranchSave Instant (passbook)
Investment Account
|
£1 per day for counter withdrawals
50p per day for standing orders and Direct Debits
(this charge is not applied to account closures or transfers to other Coventry accounts)
|
| Withdrawals from LINK cash machines |
Free
Although we will not make a charge, you may be charged by other organisations when using their cash machines
|
Monthly authorised overdraft usage fee.
This applies to accounts where overdrafts are permitted and will be charged if your account exceeds any interest free overdraft amount (where applicable) but remains within your overdraft limit |
£5.00 |
Monthly unauthorised overdraft usage fee.
This applies to accounts where overdrafts are permitted and will be charged if your account goes overdrawn and you do not have an agreed overdraft limit, or if your account exceeds your overdraft limit |
£25.00 |
Withdrawals from VISA and PLUS cash machines abroad.
We will convert the amount of the withdrawal to pounds sterling on the date we take it out of your account at the wholesale rate of exchange applied by VISA. We will then charge 2% of the sterling transaction value |
2.00% |
Debit card purchases abroad
We will convert the amount of the withdrawal to pounds sterling on the date we take it out of your account at the wholesale rate of exchange applied by VISA. We will then charge 2% of the sterling transaction value |
2.00% |
Where charges are made for low balance transactions, returned cheques, unpaid standing orders and Direct Debits, they will appear automatically in your passbook or statement. We will deduct the full amount of the charge from your account even if there are insufficient funds in your account to cover this charge. This may result in your account becoming overdrawn. All account holders will be responsible for any debt incurred in this way, the full amount of which must be repaid to the Society.
If we increase any of our charges we will notify you at least 2 months before the change comes into effect. Where we make a charge as a result of our error, we will of course cancel, waive or refund the charge.
