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moneycorp bank
moneycorp bank

Key features

Manage your account online and save sterling and euros. Interest is calculated daily and paid gross on the first business day of each month. The maximum balance is £1,000,000/€1,000,000.

Payments account

You’ll need this to access all our products but you won’t need to make any international payments from this account. You’ll then be able to apply for your 90 day notice account from your dashboard to start saving.

Interest rates

The current interest rate on balances over £10,000/€10,000 is 1.30% on sterling and 0.05% on euros. Moneycorp Bank is required to give you 90 days notice of any changes to these rates.

Interest

What is the rate of interest?

Please refer to the Product Disclosure Statement. Click here

Can the rate of interest change?

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

How is the interest paid?

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.

Is tax paid?

No. Interest is paid gross

Manage your notice account

How do I manage my account?

  • 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  • Funds withdrawn from your moneycorp bank notice account will be credited to your moneycorp bank deposit account.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.

What are the limits for the notice account?

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

Currency available GBP EUR
Notice 90 days 90 days
Gross annual interest* 1.30% 0.05%
AER* 1.307% 0.051%
Minimum initial deposit 10,000.00 10,000.00
Minimum balance 0.00 0.00
Maximum balance 1,000,000.00 1,000,000.00
Minimum additional deposit 10,000.00

10,000.00

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

Currency available

How do I pay funds into my notice account?

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.

Can I pay funds direct into my notice account?

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.

Can I make additional deposits into my notice account?

Yes subject to the limits specified in the Product Disclosure Statement.

Can I always add money to my notice account?

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.

Can I withdraw money?

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.

What is the notice period?

90 calendar days

How do I make a withdrawal notice?

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

Can I withdraw part of my balance?

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

Can I withdraw money without giving notice?

No, notice must be given.

I have money in an issue that is withdrawn from sale. Do I have to withdraw all my money?

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

There is a new issue. Can I pay money into the new 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.

Can I have more than one Notice Account?

Yes. You can have one notice account per issue.

Can I have funds in more than one Notice Account?

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

Is my money safe?

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.

To find out more about our notice account or international payments solutions, please contact us.

  • +350 22255600
    Lines open Monday - Friday, 09:00-18:00
  • +44 330 010 7406
    UK customers