Bank FAQs

Please refer to the Product Disclosure Statement. Click here

Yes, the rate of interest can be changed by moneycorp bank by giving at least 90 days written notice.

Interest is paid gross, calculated daily and credited monthly to the notice account on the first working day of each month and at the closure of your account. Tax is not deducted from the interest payment.

No. Interest is paid gross.

• You can view your notice account online via moneycorp bank online.
• You can only credit money into the notice account from your deposit account with moneycorp bank via moneycorp bank online.
• Funds withdrawn from your moneycorp bank notice account will be credited to your moneycorp bank deposit account.
• Statements will be available online monthly.

The limits on the multi-currency notice account are provided in the Product Disclosure Statement for the issue. The limits are per currency for that issue. The table below illustrates the limits for each currency on Issue 1

*0% interest will be applied where the balance on either currency is below £10,000.

You can only credit funds into the notice account from your deposit account with moneycorp bank online. Log on and from the ‘Manage your notice account’ section select ‘Add funds’. If you have insufficient balance on your deposit account, you will need to transfer funds to your deposit account first.

No, you will need to pay funds to your deposit account first and then move the funds to your notice account via moneycorp bank online.

Yes subject to the limits specified in the Product Disclosure Statement

You can continue to add money to your notice account as long as the issue is accepting funds. Once the issue is withdrawn from sale you won’t be able to add more funds. If another issue is open you may be able to apply for another notice account. You should refer to the product disclosure statement for the new issue for the terms and rate of interest.

Yes, you can withdraw money, subject to 90 days notice. Requests must be submitted online via your moneycorp bank online account. Please note 0% interest applies where the relevant currency balance is less than 10,000.

Money will be credited to your deposit account only. You cannot cancel your withdrawal notice instruction once moneycorp bank has actioned your request.

90 calendar days.

Requests must be submitted online via your moneycorp bank account. From the ‘Manage your notice account’ section, select ‘Withdraw funds’.

Yes, subject to the notice account minimum withdrawal amount and minimum balance.

No, notice must be given.

No, you can leave your money in the issue and continue earning interest. You can no longer pay additional money to the issue.

Yes once you have applied for the issue. Personal clients can apply online via the ‘Manage your notice account’ section on moneycorp bank online. Business clients should contact us for an application form.

Yes. You can have one notice account per issue.

Yes, however only one issue will be accepting funds at anytime.

Moneycorp bank is covered by the Gibraltar Deposit Guarantee Scheme (GDGS). The GDGS can pay compensation to depositors if a bank is unable to meet its financial obligations. For further information about the compensation provided by the GDGS (including amounts covered and eligibility to claim), refer to the GDGS website.

The moneycorp bank explorer multi-currency Mastercard® is a prepaid card, which you can load with 10 currencies and then use to access your travel money at millions of locations and ATMs worldwide.
You can use your explorer card to withdraw local currency whilst you’re abroad, the card can also be used in shops and online.

Currencies:

• British Pounds (GBP)
• Euros (EUR)
• US Dollars (USD)
• Australian Dollars (AUD)
• New Zealand Dollars (NZD)
• Canadian Dollars (CAD)
• South African Rand (ZAR)
• Turkish Lira (TRY)
• Swiss Franc (CHF)
• UAE Dirham (AED)

Key benefits:

• Lock in exchange rates on your selected currencies every time you load or reload your card.
• Transfer any left-over travel money to any of your currency wallets.
• Access to our 24/7 Moneycorp Bank team if your card is lost, stolen or damaged.

If you’re a moneycorp bank deposit account holder, you can apply for an explorer card online, via your moneycorp bank online deposit account - login here. If you are not currently a moneycorp bank customer you can apply for a deposit account here.

Customer satisfaction is of paramount importance to us, so please let us know if you are not happy with any aspect of our service. We assure you that we will do our best to put matters right as quickly as possible. Please allow us the opportunity to resolve the issue through our official complaints procedure.

If you already have a customer relationship with Moneycorp Bank, please speak to your usual contact with any queries (e.g. your dealer) as they are likely to be in the best position to assist. Alternatively, you can contact us via any of the methods listed below.

Telephone contacts
International Payments: 0035 (0) 22255600
Wholesale Banknotes: 0035 (0) 22255601

Write to us
Moneycorp Bank
7b King’s Yard Lane
Gibraltar GX11 1AA
Email:Complaints@moneycorpbank.com

What will happen next?
Your complaint will be passed to the relevant department and you can expect an initial acknowledgement of your complaint within 1 business day from the date this is received by Moneycorp Bank.

Moneycorp Bank takes customer complaints very seriously and we will investigate all relevant facts when reviewing your case. You will receive our final response within 15 working days of the date of your complaint.

What if I am still unhappy?
We aim to resolve complaints internally. However, if you are not satisfied with our final response you can refer to the Gibraltar Financial Services Commission (FSC) information about making a complaint against a regulated financial or professional services firm at http://www.fsc.gi/consumer/aboutfirm.htm

Currently there is not a financial services ombudsman in Gibraltar. You may consider notifying the Office of Fair Trading. Their contact details are as follows:
Office of Fair Trading
Suite 975 Europort
Gibraltar
Email: oft@gibraltar.gov.gi

Address changes in April 2021:
From April 19th 2021 completed recipient addresses will be compulsory when sending an international payment.

A complete, valid address include the following fields: 

• Beneficiary Address (required)
• Beneficiary City (required)
• Beneficiary Country (required)
• Beneficiary State (If applicable)
• Beneficiary Postal Code (If applicable)

In order to add or modify an address on your existing recipients please email your Relationship Manager to make the update for you. If this is not done in advance you will need to provide the address data at the time of entering the payment.

If you have any questions or need further assistance, please get in touch with moneycorp bank.