Specific Terms for MoneyManager
The Saving Accounts Terms and Conditions in force and as updated from time to time and these Specific Terms both apply to this MoneyManager account. If there is any inconsistency between the Saving Accounts Terms and Conditions and the Specific Terms, the Specific Terms will apply.
1. The account
1.1 There is a passbook-based version and a statement-based version of this account.
1.2 This account is not available to trustees.
1.3 If you have a statement-based account:
(a) you must be aged 16 or over;
(b) the maximum permitted number of joint account holders is two; and
(c) a cash card will be issued to all account holders.
1.4 If you have a passbook-based account a cash card is available on request to account holders aged 16 years or over.
2. Minimum and maximum balance
2.1 The minimum balance is £1 and the maximum balance is £250,000.
3. Interest
3.1 The interest rate for this account is variable. The account pays only a nominal rate of interest. We make current interest rate information available on our website at thecoventry.co.uk or you can call our Customer Service Centre.
3.2 If you receive annual interest, it will be paid annually at the end of 31st March each year.
3.3 If you receive monthly interest (not available for new accounts opened after 5th April 2014), it will be paid at the end of the last day of each month.
3.4 If you receive half-yearly interest (not available for new accounts opened after 5th April 2014), it will be paid at the end of 30th June and 31st December each year.
4. Deposits
4.1 Deposits can be made by:
(a) cash at a branch;
(b) cheque at a branch or by post to our central processing centre;
(c) internal transfer from an account with us; or
(d) electronic payment from an account with another bank/building society.
5. Withdrawals/Closure
5.1 Withdrawals can be made by:
(a) cash at a branch;
(b) cheque at a branch or by post from our central processing centre;
(c) if you have a cash card, cash through the LINK network of ATM machines or any ATM that displays the PLUS or Visa sign;
(d) internal transfer to an account with us;
(e) one-off electronic payment to an account with another UK bank/building society;
(f) standing order; or
(g) Direct Debit.
5.2 The account can be closed in the ways described in Conditions 5.1(a), (b), (d) and (e).
6. Miscellaneous
6.1 This account is a Payment Account.
6.2 If you have a statement-based account you may operate it in branch, by post, by telephone or online.
6.3 If you have a passbook-based account it is operated in branch and if you are aged 16 years or over, you may also operate it by post, telephone or online.
6.4 You may only apply to open this account if you are resident in the United Kingdom.
