Payments between your Accord accounts | Existing Customers | Accord Mortgages
Payments between your Accord accounts
How to send money from your Accord Offset savings accounts
Transferring money to another Accord mortgage or savings account
From the 'My Accounts' screen, click on the savings account you are transferring from and then select the 'Transfer Money' option.
Choose the account you wish to send funds to from the 'Accord accounts' list or (if you don't see your account) click 'Transfer to new account' and enter a payment amount.
To transfer funds to an account that is already listed then you just need to check and confirm the transfer or, if it's a new account, simply enter the 10-digit account number and confirm.
You will be able to add any new destination account to your list to make it easier to do transfers in the future.
What are the timescales?
If you make the transfer before 8pm, the funds will show in the destination account immediately. If the transfer is done after 8pm then the funds will show after midnight.
Please note; how much you can transfer to another savings account will depend on whether there are any restrictions on the amount the destination account can receive. If you are making overpayments on your mortgage you may incur Early Repayment Charges. You should refer to the terms & conditions of your mortgage if you want to know if there are any restrictions, these can be found in your offer document.
Setting up a regular transfer between Accord accounts
As above, from the 'My Accounts' screen, click on the savings account you are transferring from.
Click on 'Regular transfers' and then 'New regular transfer' on the next screen.
Enter the details of the new destination account, the amount to transfer, when you want the first payment to be made and the frequency of your payment (e.g. weekly, monthly etc).
Please note; you should make sure that there are enough funds in your savings account on the day of the payment to ensure that the transfer can be made.
Your property may be repossessed if you do not keep up repayments on your mortgage.
If you have a Buy to Let property, then alternatively a receiver may be appointed (except in Scotland) to receive the rent and/or to sell the property. After sale, you will remain responsible for the payment of any mortgage shortfall debt.