Cumberland Plus Current Account

You must pay in at least £750 per month from an external source. Cash, cheques and transfers from other personal Cumberland accounts do not count towards the minimum funding requirement. Transfers from Cumberland Business accounts do count towards the minimum funding requirement and, in the case of joint accounts, one such source of income is acceptable.

If you do not meet the minimum funding requirement in a calendar month, a charge of £2 will be applied to the account in the following month. The charge will be applied for every calendar month that the minimum funding requirement is not met. The charge will not be applied if the average balance of your account during a calendar month is £1,000 or above and your account has remained in credit.

We welcome new applications from new and existing customers who live within our branch operating area

We do not accept new accounts from new customers who live outside our branch operating area. Some restrictions may also apply to new accounts available to existing customers who live outside our branch operating area

Our operating area is:

• Cumbria (all CA and LA postcodes)
• South-West Scotland (all DG postcodes and TD9)
• West Northumberland (NE45-49)
• North Lancashire (all PR, FY, LA AND BB1-3 and BB5-7)

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.

For details on overdrafts please refer to cumberland.co.uk/current-accounts/overdrafts

Please note, we can only consider applications for overdrafts once your current account has been open for 6 months.

Unfortunately we are unable to accept branch appointments at this time. Please call your local branch to arrange a telephone appointment. Branch opening times and contact details.

Unless you have an account with us already, we will need you to provide proof of your identity and evidence of your address. Acceptable documents include:

Proof of identity

• Current valid signed passport
• Current UK photocard driving licence
• Firearms certificate or shotgun licence
• A blue disabled drivers pass
• An EU photocard driving licence

Evidence of your address

• Recent utility bill dated within the last six months (mobile phone bills cannot be accepted though)
• A council tax bill valid for the current year
• Bank, building society or credit union statement dated within the last six months

If you open an account as a trustee, we will need proof of identity and evidence of address for both you and the account holder.

Credit interest rates correct at 01/07/2020.

* Effective Annual Rate (EAR) is the actual annual rate of an arranged overdraft. It does not take into account other fees and charges.

The Day2Day account offers a simple, convenient and safe way of managing your money. It only requires £200 per month funding for those aged 24 and over, and there is no minimum funding requirement for those aged 23 and under².

You can apply for a Day2Day Account in your local branch. Book an appointment here now or find your local branch.

Full account details

Credit interest rates correct at 01/02/18.

1. Applications from 13-15 year olds must be approved by a parent/guardian.
2. You must fund your account with at least £200 per month from an external source. Transfers from other personal Cumberland accounts (except current accounts which require funding of £750 or more per month) will not count towards the minimum funding requirement. Transfers from Cumberland Business accounts will count towards the minimum funding requirement. This requirement does not apply to customers under 24 years of age. In the case of joint accounts, one such source of income is acceptable.
3. If you do not meet the minimum funding requirement in a calendar month, a charge of £2 will be applied to the account in the following month. The charge will be applied for every calendar month that the minimum funding requirement is not met. The charge will not be applied if the average balance of your account during a calendar month is £1,000 or above and your account has remained in credit. Further details of this charge can be found in the ‘Account Funding’ section of our Current Accounts leaflet.
4. The Cumberland does not charge you to use your Cumberland card but the provider of a cash machine or a retailer may apply a charge.
5. In the case of joint accounts, all account holders must be over 18 for a cheque book to be issued. The £5 charge for a cheque book will not apply if the account holder also holds a current account which requires funding of £750 or more per month.
6. Internet Banking is a requirement for all new accounts where all applicants are under 24.
7. Effective Annual Rate (EAR) is the actual annual rate of an arranged overdraft. It does not take into account other fees and charges.
8. Gross interest is the contractual rate of interest payable (without deduction of tax) and you will be responsible for paying any tax you owe on interest as per your individual personal savings allowance.
9. Annual Equivalent Rate (AER) illustrates what the interest rate would be if interest was paid and added each year.

On 6 April 2016, the Government introduced a Personal Savings Allowance, which is the amount of interest you can earn on your savings without paying tax. This applies to individuals only, as businesses, charities and clubs, already receive interest without tax.

The tax-free allowance on savings is £1,000 for basic rate taxpayers and £500 for higher rate taxpayers. There is no allowance for additional rate taxpayers.

As a result, tax is no longer deducted from the interest paid on your savings accounts, investments and current accounts.

• Account Terms & Conditions
• Current Accounts
• Savings Accounts & Variable Interest Rates
• Card Terms & Conditions
• Financial Services Compensation Scheme
• Current Account Switch Guide