Withdrawal Information

Can I withdraw from my savings?

If you have a loan, requests for share withdrawals from your main account (blue book) have to go before Credit Committee.

This is for a number of reasons:

  • Savings are security on your loan
  • Your savings are insured in the event of your death
  • Good savings are important if you need to increase your loan

The maximum amount of cash that can be withdrawn from your account in any one day is £5,000. If you wish to withdraw more than that, it would transferred to your bank account by EFT.

Current photographic ID is required every time you wish to make a withdrawal from your account (or apply for a loan).

Sub Accounts

What About Withdrawals from My Sub Account?

You withdraw whenever you want from your sub account (as long as there is no loan attached to it) – that’s why it’s perfect if you want to save a bit for a special occasion or even that dreaded rainy day!

Are my Savings Secure?

Yes – members shares are fully protected under the Financial Services Compensation Scheme (FSCS). For more information visit www.fscs.org.uk.