Overview of Features
Your financial account is equipped with the same everyday features as your bank.
Account Details
Your Financial account is equipped with a UK account number and Sort Code, enabling you to receive payments from any UK bank.
Payments
You can send and receive payments through a variety of secure and efficient methods, including Faster Payments, which allows for near-instantaneous transfers between UK banks; CHAPS (Clearing House Automated Payment System), which is ideal for high-value, same-day transactions; and Bacs (Bankers' Automated Clearing Services), a reliable option for scheduled payments such as salaries and direct debits, ensuring flexibility and convenience in managing your financial transactions.
Direct Debits
Your account is equipped with Direct Debit functionality, which means you have the capability to establish regular, automated payments with any third-party service provider. This feature is particularly beneficial for managing recurring financial obligations, such as mortgage payments to a lender, utility bills, or subscription services. By setting up Direct Debits, you can ensure that these payments are made on time without the need for manual intervention, thereby enhancing your financial management efficiency and providing peace of mind.
Standing Orders
Standing Orders, like Direct Debits, allow you to set up recurring payments directly from your account. This is useful for regular financial commitments such as rent, donations, or savings. Unlike Direct Debits, where the recipient controls the payment details, Standing Orders give you full control over the amount, frequency, and duration. You can adjust or cancel them anytime without the payee's consent. This flexibility lets you manage your expenses according to your budget, offering a reliable way to handle regular payments.