Alliance & Leicester Premier Direct bank account provide agreat rate of 6% AER (fixed for one year) on balances up to £2,500. After one year, 1% AER (variable) applies. Balances over £2,500 earn 0.10% AER (variable). They provide a great current account with added benefits for no monthly fee whilst your account is in credit. Plus you get high interest savings. With a free Alliance & Leicester debit card attached to your account you can use at retail outlets or to withdraw cash from atms.
In addition Alliance & Leicester charge 0% EAR typical overdraft. With no usage fees for 12 months.
Alliance & Leicester will
give you 0% EAR typical overdraft. No usage fees on arranged overdrafts for 12 months from when you open the account (new customers only). A usage fee of 50p a day (up to £5 a month) applies after that. Maximum overdraft limit is £2,000.
Plus, free Telephone Banking and Branch Banking just pop into your local Alliance & Leicester branch. Plus you get free annual multi-trip European travel insurance
Alliance & Leicester are one of the largest and safest banks in the world as they are part of Santander. Alliance & Leicester have designed selection of bank accounts to suit your circumstances.
The Alliance & Leicester current account is designed to get all the banking facilities you require with no monthly fees as long as you pay a minimum of £500.00 a month in to your bank account.
To be able to have a Premier Direct Current Account, you must be over 21 and pay at least £500 into your account every month (or fees may apply). Cash, cheques and your salary all count towards this monthly amount, and they can be spread out over a month. You need an e-mail address and access to the internet. , The form takes a few minutes to complete with an easy step by step guide and as you would expect secure website protection.
Once you completed the form you Alliance & Leicester will send you a letter in the post to confirm your account is opened. Your debit card can then be collected at a local branch.
If you would like to make a complaint about your account, contact The Manager, Alliance & Leicester plc, Carlton Park, Narborough, Leicestershire, LE19 0AL.
However if you are not satisfied with the outcome of your complaint you can write to Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR.
I opened up an account with A&L in August last year. I choose them over the other bank because of their offer of no overdraft charges and peace of mind switching service plus the account came with £100.00 incentive. It turned up it was the worst decisione ever!! The incentive never materialized until 5 months later I deceided to ask for it. Got a stroppy reply not an apology from customer “care”. The switching service did not transfer 2 of my direct debit. I ended up being charged late payment fees for one credit card and my council tax. Again contacted customer Care no apologies offered only stroppy emails from people who clearly did not even bother reading the actual letter. Bank charges: I think this bank should seriously review their policies. I ended up paying £700+ in bank charges on an account which promised to come without charges. I wrote to customer service and again not joy got several replies from different people and all of them had a different understanding of why I was calling but the one thing no one did was listening. I have knocked at all possible doors and I do not understand how it can be legal for a bank to charge as much as £100 in a day in bank charges. I cannot pay these charges have paid all my outstanding but not the charges.
I must be lucky caus I swaped to A&L (Now Santander) over a year ago went without a hitch. I got money back through topcashback & £100 from A&L They matched my overdraft from Halifax. I have changed banks again new bank seamed to go ok but the overdraft is very low & you have to pay £25 to arrange a bigger overdraft (I think) I will see how things go. I may be going back to A&L?
If you want a bank which charges you for having loads of money in its account but charges you when you go a month without adding £1000 – then go ahead – I say avoid like the plague.
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