Paying money in

You can pay money into your account, subject to the specific terms and conditions of any particular account.

In general:

Savings Accounts

• You can add to your savings as and when you like, up to a maximum balance of £1,000,000.

Cash ISAs

• You can add to your ISA, subject to HM Revenue and Customs (HMRC) limits and the specific terms and conditions of your account. The maximum you can subscribe to a cash ISA in the current 2023/24 tax year is £20,000.

You cannot add to existing bonds, but you can open additional bonds (subject to availability).

The table below sets out:

• The various ways you can pay money into your account, depending on how you opened it.
• When those funds will be available to withdraw.
• If payable, when interest will be earned.

If you’re simply paying in money into a Kent Reliance account held by someone else in branch, we’ll record the deposit on our banking system and give you a receipt, but we won’t update that account holder’s passbook unless they’re present. Account holders shouldn’t give their passbooks to anyone else.

How we treat cheques

You must allow six clear working days for clearance on all cheques paid in before a withdrawal can be made against them. We’re not responsible for the early clearing of any cheques.

Unpaid cheques

If you deposit a cheque into your account, which is subsequently returned unpaid by the bank or building society it’s drawn on, we’ll debit your account with the amount of the cheque (and any interest paid). We’ll write to you and if applicable, request for your passbook to be amended.

Confirmation of Payee (CoP)

CoP has been introduced by the finance industry to help tackle fraud. Keeping your money safe and secure is a top priority and this new account name checking service is in place to ensure you're sending your payment to the correct person or business.

When you’re setting up an electronic payment from your external bank account to a Kent Reliance account you haven’t paid into before, you’ll need to choose the account type as ‘business’ and be sure to use the payee information exactly as detailed below.

Electronic payments and standing orders

To fund your account by electronic payment or standing order (subject to the specific terms and conditions of your account), you’ll need to quote the following details:

Funds will usually be available as cleared funds in your account on the same working day we receive them.

Please note: the above details cannot be used for CHAPS payments

CHAPS

To pay money in by CHAPS (payments will be processed the same working day if they’re received by 4pm) please use the following details:

Please note: that your bank/building society may charge for sending funds to us via CHAPS

Funds will usually be available as cleared funds in your account on the same working day we receive them.

*Please note our sort code is provided by NatWest as it acts on our behalf as our clearing bank.