Making your life that little bit easier
Book an appointment below to meet us and discuss your requirements. Here’s what we’ll need:
Charges applicable for day-to-day transactions are detailed below. For additional details of fee information (charges) which may apply in certain circumstances, please click here.
Credits to an account |
Charge |
Automated credits* (eg. Bacs) | free |
Cheque credits1 | free |
Cash & transfer credits | free |
Cash paid in | free |
payments from an account |
Charge |
Cash debits | free |
Cash withdrawn | free |
Cheques issued from book | free |
Online payments | free |
Direct Debits | free |
Standing orders | free |
Visa Debit card | free |
ATM withdrawals | free |
Debit card & ATM use overseas2 | free |
Cheques issued in branch | free |
Manual transfers | free |
Automated transfers | free |
Monthly fee | free |
credit interest |
Charges |
Variable gross interest3/AER4 | 0.25% |
debit interest |
Charges |
Standard authorised overdraft interest rate | 3.04% per quarter (12.73% p.a. variable EAR)5 |
Unauthorised overdraft interest rate | 5.659% per quarter (24.63% p.a. variable EAR)5 |
Interest rates correct at 17/11/16. Charges are correct as at 01/10/15
Charges are calculated quarterly at the end of March, June, September and December and are deducted from accounts on or around the 26th day of the following month.
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days.
As your new current-account provider we offer the following guarantee:
We welcome new applications from cheque book and academy status schools i.e. schools which control their own finances, within our branch operating area.
Our operating area is:
You can withdraw up to £300 cash per day at Link ATMs across the UK. If you come into branch you can withdraw up to £500 cash per day.
An overdraft can be useful for short term borrowing, for example to cover your expenses until income is received. The advantage of an overdraft is it is flexible and you can dip into it at any point over the agreement period.
Overdrafts are available upon request, subject to status.
You need to arrange an appointment at your local branch (Monday to Saturday). Alternatively, call into your local branch and speak to one of our team.
Unless a signatory already has an account with us already, we will need to be provided with proof of identity and evidence of address. We will require one original document of each for each signatory. Acceptable documents include:
Proof of signatories identity
Evidence of signatories address
Please also bring the following original documents:
Minimum age |
18 |
Must be main business current account |
Yes |
Current Account Switch Service |
Yes |
Standing Orders & Direct Debits |
Yes |
Contactless Visa debit card |
Yes |
Verified by Visa and One Time Passcode protection |
Yes |
Withdraw cash at Link ATMs across the UK |
£300 per day |
Mini statements from Cumberland ATMs |
Yes |
Withdraw cash at Cumberland branches |
£500 per day |
Foreign currency transaction charge |
Free1 |
Cheque book |
Free (on request) |
Statements |
Free |
Use of all Cumberland branches |
Yes |
Online banking |
Yes |
Text alerts |
Yes |
Pay2Mobile (Mobile Payments) |
Yes (receive only) |
Customer Service Helpline |
Yes |
Overdraft facility available |
Yes (on request - subject to status) |
Authorised overdraft interest rate |
3.04% per quarter (12.73% p.a. variable EAR)2 |
Unauthorised overdraft interest rate |
5.659% per quarter (24.63% p.a. variable EAR)2 |
Interest rates correct at 11/08/14. Charges are correct as at 01/10/15
(1) The Cumberland does not charge you to use your Cumberland card but the provider of an ATM or retailer may apply a charge.
(2) EAR – Effective Annual Rate.
Your eligible deposits with Cumberland Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered.
Please click here for further information or visit www.fscs.org.uk.