Scale of charges
From 1st June 2006, our scale of charges is as follows :
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Interest |
Interest is accrued daily on all credit balances in excess of £5,000. Our top rate of interest applies to personal account balances over £10,000 and business account balances over £25,000. Interest is credited to the account quarterly. Interest rates for loans and overdrafts are agreed with clients. Unauthorised overdrafts may attract a rate of interest not exceeding 4% over Adam & Company's Base Rate. |
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Charges |
There are no transaction charges for clients who maintain an average credit balance of £5,000 during a charging quarter. Clients whose average balance falls below this level will be charged £1.00 for each transaction across the account. Clients who are in full-time education may bank with Adam & Company free of charge, providing the account does not overdraw more than £500. Our Managers often carry out additional work on behalf of clients for which there may be an additional charge. Arrangement fees on loan or overdraft finance are subject to negotiation but will not normally exceed 1%. All charges for business accounts are subject to negotiation with our Managers. |
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Other Services |
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Charge | Min | Max |
| Visa Gold Card | No charge | ||
| Visa Gold Card cash withdrawal | No charge | ||
| Sterling travellers cheques | 1.50% | £3 | |
| Foreign travellers cheques | 1.50% | £3 | |
| Foreign currency | 1.50% | £3 | |
| UK bankers draft | £15 | ||
| UK electronic payment | £25 | ||
| Overseas bankers draft | 0.25% | £20 | £100 |
| Overseas electronic payment | 0.25% | £25 | £100 |
| Foreign currency cheque | 0.25% | £20 | £100 |
| Foreign currency cheque negotiation | 0.25% | £20 | £100 |
| Returned cheques (3rd party) | £25 | ||
| Stopped cheques | No charge | ||
| Special presentation of cheque | £20 | ||
| Unpaid direct debits (on 3rd party a/c) | £25 | ||
| Unpaid standing orders (on 3rd party a/c) | £25 | ||
| Duplicate statement | £5 per page | ||
| Duplicate visa voucher | £20 | ||
| Internet banking | No charge | ||
| Audit report | £50 + VAT | ||
| Credit enquiries | £10 + VAT | ||
| Non-sterling transaction administration fees (including the processing fees applied by the card network provider): | |||
| Visa Card | 2.75% | ||
| Select Card | 2.75% | ||
This scale of charges is effective from 1st June 2006. Any changes will be advised to clients with three months notice.
Adam & Company plc is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. For deposits with a UK office, payments under the Scheme are limited to a maximum payment of £35,000. Most people who make deposits, including individuals and small firms, are covered. Deposits in all currencies are treated the same. For further information on the conditions governing compensation and details on how to apply please refer to the FSCS at www.fscs.org.uk.