OUR WEBSITE USES COOKIES. BY CONTINUING WE ASSUME YOUR PERMISSION TO DEPLOY COOKIES, AS DETAILED IN OUR PRIVACY AND COOKIES POLICY. I Accept
Harrods Bank
 

PERSONAL ACCOUNT CHARGES, FEES AND CUT-OFF TIMES

 

CURRENT ACCOUNT AND HIGH VALUE CURRENT ACCOUNT SERVICE CHARGE

If an average cleared credit balance of £5,000 is maintained on the account in any one calendar month then no monthly service charge will be payable. If the average cleared credit balance of the account falls below £5,000 during a calendar month then a charge of 90p per entry (subject to a minimum monthly charge of £25) will be debited from the account.
 
Please see our ‘Credit Interest Rates for Customers’ for details of any credit interest rates payable.
 
Other Charges  
Stopped Cheque £15 per cheque
Duplicate statement £5 per sheet
CHAPS payment £30 per payment
Issue of Sterling Draft £20 per draft
Special Presentation £20 per cheque
Duplicate Interest Certificate £5 per certificate
Payment of Bills £5 per bill by bank giro credit,
£20 per bill by cheque
Cheque, standing order or direct debit returned for lack of funds £35 per item
Cheque returned inwards £8 per item
Automatic transfers between accounts held at Harrods Bank Ltd £20 per month
Replacement of lost Harrods Bank Visa Debit Card £25 per card
List of standing orders and direct debits £15 minimum charge
Hold Mail Fee £30 per quarter
Special Mailing Instructions £4 per month
Status Enquiry (Inwards or Outwards) £25 per enquiry
Faxes made on your behalf to UK £5 per fax
Faxes made on your behalf overseas £10 per fax
Home delivery service for Foreign Currency (maximum £2,500) £15 per delivery
Right of Access request under Data Protection Act 1998 £10 per request
UK transactions using Harrods Bank Visa Debit Card No  charge

Overseas transactions using Harrods Bank Visa Debit Card:

A 3% foreign exchange administration fee is included within the exchange rate for every overseas transaction and an additional 1.5% charge (minimum £2.50) is applied to all non UK ATM cash withdrawals.

Visa Wholesale Rate of Exchange - For more information on how Visa calculates its exchange rate, visit the Visa website: http://www.visaeurope.com/en/cardholders/exchange_rates.aspx 
 

FOREIGN TRANSACTIONS

International Electronic Transfer  
Currency - 0.25%
Sterling - 0.3%
Subject to a minimum charge of £30 and a maximum charge of £60
 
Foreign cheques paid into your account  
Collection - 0.75% Subject to a minimum charge of £25 and a maximum charge of £100
Foreign drafts £25
Cancellation of foreign draft  £25
 
Sale or purchase of foreign currency no charge to Bank customers
Issue of Travellers cheques - 1.5% subject to a minimum charge of £10
 

Overdraft Fees

Current Account / High Value Current Account  
Agreed overdraft facilities 1.1% per month - EAR*14.03%
Unauthorised overdraft 2% per month - EAR* 26.82%
 
Loan Fees  
Secured / Unsecured facilities
Renewal of facilities
1.5% subject to minimum charge of £75
1% subject to minimum charge of £50
 

SAFE CUSTODY FEES (ANNUAL CHARGE) HISTORIC SERVICE NO LONGER AVAILABLE

   
Sealed envelope deposited £25 each
Box deposited (size restrictions applies) £40 each
Items held in open safe custody £25 each
Fee (per visit) to access or release any item in safe custody £5


The times set out below are the times after which payments will normally be processed on the next business day
 
Cut-off Times Incoming Outgoing
Cash received over the counter  15:30 (15:30)
Cash received electronically 15:30 14:30
Faster Payments 16:30 16:30
CHAPS 16:30 16:30
International Payments 15:30 14:30
 

Debit interest and service charges are debited from your account between 17th and 23rd of each month relating to the previous calendar monthly charging period. Average cleared credit balances are calculated using business days only. Notification of these charges will be issued at least 14 days before the debit is passed to the account. Debit items for service charges and interest are not included in the calculation of the service charges.

IMPORTANT INFORMATION
Harrods Bank Ltd reserves the right to make specific charges for additional or exceptional services. We will advise you of any additional charge that may be incurred prior to carrying out the service. The charges and information in this leaflet applicable to your account form part of the terms and conditions that apply to your account. These charges are effective from 5th July 2016. If we amend any of these charges or introduce a new charge we will advise you in writing at least two months before the change takes effect.

*EAR stands for Equivalent Annual Rate and illustrates the actual annual interest rate of an Overdraft. It does not take into account other fees and charges.