Deposits & Withdrawals

Deposits & Withdrawals 

Deposits

You can pay money into your savings account:

• By Standing Order from your bank account or your Engage Visa card
• By transfer direct from your wages, pension or benefits

Our Bank details are as follows:

Coop Bank

Hillingdon Credit Union Ltd T/A London Community Bank

Sort Code 08-02-28

Account Number 50673681

For all payments made please ensure you quote your member number in the reference field

Withdrawals

You can withdraw your savings upon demand, unless you have a loan with us. Please allow up to 3 working days for a withdrawal, but it is usually quicker.

Members can withdraw their savings upon demand up to £5,000, unless there is a loan outstanding. The exceptions to this are where the savings balance is above the loan balance, where the surplus can be withdrawn. Also the balance of any special events savings account ie Christmas savings, can be withdrawn at any time.

Where more than £5,000 needs to be withdrawn we require 30 days notice. We will endeavour to provide funds earlier than 30 days if at all possible.

Withdrawals from savings accounts can be made by:

• Via the online request facility within the members area
• Completion of the share withdrawal form
• Via a transfer to an Engage pre-paid card , giving you access to ATMs and cash back facilities from retailers (for Visa Debit)

All our payments are made via Faster Payment to your bank account in the UK. These are typically same day, as long as we have received your instruction before 1.30pm Monday to Friday. The funds can only be sent to the Bank account nominated when you opened your account.