Our Internet Banking service is a simple and secure way to manage your money online.
Internet Banking
Our Cumberland Plus current account offers you a simple and convenient way of managing your money. The account requires £750 per month minimum funding, plus the option to include an overdraft.
The account offers a full range of features you would expect from a bank account, including internet banking, mobile banking, mobile payments and much more. You can find out more about the account below.
By opening a Cumberland Plus account, you will have exclusive access to our Cumberland eSaver account. The savings account offers instant access to your money via internet and mobile banking, and pays a higher rate of interest than our Instant Savings account.
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Account Summary
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Cumberland Plus Current Account
Application
Online or in branch Minimum age
18 Must be main account
Yes Minimum funding requirement
£750 per month1 Charge if funding requirement is not met
£2 per month2 Current Account Switch Service
Yes Mobile banking
Yes Internet banking
Yes Contactless Visa Debit card
Yes Apple Pay, Google Pay
Yes Standing Orders & Direct Debits
Yes Customer Service Helpline
Yes Verified by Visa and One Time Passcode protection
Yes Cash withdrawal in foreign currency outside the UK and debit card payments in a foreign currency
Free3 Use of all Cumberland branches
Yes Cash withdrawal in pounds in the UK at Link cash machines
£300 per day Cash withdrawal at Cumberland branches
£500 per day Text alerts
Yes Cheque book
Free (on request) Arranged overdraft facility
Yes, on request - subject to status Credit interest paid on your account
Minimum Balance - £1
Variable Gross4 AER5 - 0.00%Arranged overdraft interest rate
14.99% p.a. variable EAR6
Representative example: If you use an arranged overdraft of £700 the interest we’ll charge is 14.99%.Access to eSavings account
Yes7 Statements
Free Credit interest rates effective from 01/07/20.
1. You must fund your account with at least £750 per month from an external source (ie. excluding cash, any cheque or an internal transfer from another Cumberland account). Transfers from Cumberland Business accounts will count towards the minimum funding requirement. In the case of joint accounts, one such source of income is acceptable.
2. 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 this leaflet on page 14.
3. 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.
4. Gross rate 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.
5. Annual Equivalent Rate (AER) illustrates what the interest rate would be if interest was paid and added each year.
6. Effective Annual Rate (EAR) is the actual annual rate of an arranged overdraft. It does not take into account other fees and charges.
7. Internet Banking is a requirement of this account.
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Cumberland eSaver
Account Name Cumberland eSaver What is the interest rate? 3.35% Variable Gross Interest*/AER†
Interest is calculated on a daily basis, and is paid gross (without deduction of tax) annually on 31st March into your associated Cumberland Plus or Freedom Apprentice current account.
Can Cumberland Building Society change the interest rate? Yes – The rate of interest paid on money in your account is variable and may be changed by us. Where we do so, we will give you reasonable notice in advance of the change.
Examples of when changes may happen include a change in the Bank of England base rate, or market condition changes such as, general interest rates changes on similar accounts offered by other savings account providers.
For further details, please read clause 8.7-8.9 in our Savings & Current Account Terms & Conditions leaflet.
What would the estimated balance be after 12 months based on a £1,000 deposit? If £1,000 was deposited in the account on opening on 1 April, assuming no further deposits or withdrawals are made, on 31 March the account balance, including interest, would be £1,033.50.
This figure is for illustrative purposes only.How do I open and manage my account? This account is available to open for internet enabled, Cumberland Plus and Freedom Apprentice current account customers. The account can be opened at any Cumberland branch or on internet banking.
- Minimum balance £1
- Maximum balance £500,000 (£1,000,000 for joint accounts)
Only one sole account or one joint account per customer.
The minimum balance must be maintained in the account. If the account balance falls below this at any time, the account may be closed.
You can manage your account by using the Cumberland Internet Banking service or the Cumberland Mobile Banking App.
Can I withdraw money? Yes – Instant access withdrawals via online transfer to your Cumberland current account.
Withdrawals are not permitted by direct debit, standing order, regular internal transfer or faster payments.
Additional Information If you close or de-register your internet banking Cumberland Plus and Freedom Apprentice current account your Cumberland eSaver account will, in the absence of any alternative instructions, be closed.
No bonus payment applies to this account.
For full details of our Variable Rate products please refer to our separate leaflet. Download leaflet
1. 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.
2. Annual equivalent rate (AER) illustrates what the interest rate would be if interest was paid and added each year
Open your account today
Follow the links below to start the process of opening your Cumberland Plus account today. You can also find out more about our Current Accounts and Savings accounts by downloading the relevant leaflets below.
Managing your banking
Apple Pay
Apple Pay is simple to use in shops, apps and on the web. Pay with your Cumberland debit card with just a touch
Google Pay
You already use your phone for just about everything. Now you can pay with it using Google Pay in shops and apps too
Open Banking
Open Banking makes it easier for your to manage your finances, with new data sharing and payment options
Mobile Banking
Download our Mobile Banking app and manage you accounts quickly and easily, wherever you are.
Important Information
Are you worried about your money?
Rising costs impact everyone in a different way and keeping an eye on your incoming and outgoing is a great way to help during difficult times. Our Money Worries Hub contains lots of useful information on budgeting, managing debts and much more.
Fraud and Internet Security
Keeping yourself and your money safe.
We do a lot to help protect you from fraud. Take 5 minutes to read our top tips on what you can do to protect yourself even better from fraud.
Documents to Download
A range of documents for you to download, providing more information about our Current Accounts.
Charges and Terms
Find out more about the fees for using the main services linked to our individual current accounts.
Cumberland Plus FAQs
Have any questions about this account? Click the button below to find out more, call (01228) 403 141 or visit your local branch.