Southwark Credit Union - Current Account

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Current Account

..Credit Union Current Account (CUCA)

. If you already have a bank account and are not happy because...

• Your account is constantly overdrawn and you can't see a way out
• You pay hefty bank charges month in and month out and want to put a stop to it
• Your bank account doesn't allow you to pay bills using Direct Debit or Standing Orders
• You would like to be able to pay your credit union loan into the Credit Union Current Account and spend it as and when you want, using Visa Debit
• You would like a more honest and ethical way to manage your finances
• You want to pay all your bills, but DON'T WANT TO pay £20 to £35 per item if you go even a little overdrawn
..then talk to us - the new Credit Union Current Account could be just what you are looking for.

There is a charge of 0.95 pence per week to cover the cost

. If you don't have a current account...

• Have your benefits, wages, salary or pension paid straight into your Credit Union Current Account
• Access your money via the Link ATM facility
• Use it to get your money from over 30,000 Link cash machines all over the country
• Use it to pay for goods or services anywhere displaying VISA Debit sign
• Use to get cash from your account at many supermarkets and other shops that display the VISA Debit sign
• Have your credit union loan paid directly into this account
• Transfer your credit union savings for easy access
• Use your card to take advantage of good deals on the internet
• Pay your bills via Direct Debit / Standing Orders and receive discounts
• No hidden charges
• No overdraft or cheque books (to ensure that you keep control of your income and expenses)
• Restore or increase your credit rating

There is a charge of 0.95 pence per week to cover the cost

. How could I open a Credit Union Current Account?

If you are already a member please download the application form, print it and then complete it fully, bring it to one of our branch offices with the relevant identity. However if you are not a member please become a member first and then open the current account.Visit us at your closest branch office with the relevant identity

. How much will it cost?

..Item		..Our Charge

Weekly Account Charge		0.95p
Copy Statement		£5
Additional Statement - at intervals less than once a quarter		£1
Lost card replacement charge		£5
Non Sterling cheque deposits 0.25% of cheque value		Min £8 - Max £60
Cash Withdrawals at non Link ATMs		2% of withdrawal value or £2 whichever is the greater
Foreign Transaction Fee		2.75% of transaction value
Unpaid Items (Returned Direct Debit etc.)		£15

. Links on this page:


•	Not happy with your account
•	Don't have a current account
•	Open a CU Current Account
•	How much will it cost?

London Mutual Credit Union is authorised and regulated by the Financial Services Authority (FSA)

Providing ethical financial services for over 28 years