Coventry Building Society Account Review

Published on 18 August 2010 by Raffick Marday

Coventry Building Society Account Review

Coventry First is a current account that pays a great rate of interest on all your money, provided you pay at least £1,000 into the account each month (excluding transfers from other Coventry accounts).

You can arrange to move all your existing Direct Debits and standing orders to your Coventry First account using their switching service and with a VISA debit card you can make purchases or withdraw cash whenever you need.

Why get a Coventry Building Society Bank Account?

Coventry First has Fee free every day UK banking services everything you need to manage your money day to day, whether that's online, by telephone or at any of our branches, such as Direct Debits, standing orders, bill payments and statements. Coventry First give you a £250 interest free overdraft to act as a buffer in case you go overdrawn.

What sort of service do they offer?

  • A Coventry bank account pays interest on all your money,
  • Invest between £1 and £250,000 and the interest rate applies to your whole balance.

Coventry Building Society Banking Benefits?

  • 1.10% AER, 1.09% gross p.a. variable, paid monthly.
  • Rate includes a first year bonus of 0.85% AER
  • Invest between £1 and £250,000
  • Rate applies to your whole balance
  • VISA debit card
  • £250 interest-free overdraft
  • UK call centre

Who can apply for a Coventry First bank account?

You need to be between 21 or over to apply for an account and be able to pay in at least £1,000 each month (excluding transfers from other Coventry accounts). 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 have opened your Coventry account and received your new card.

Once you completed the form, Coventry Building Society 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, Coventry have over 48 branches.

Where do I make a complaint?

If you would like to make a complaint about your account, and you are an existing customer and your enquiry is account specific, you will need to contact Customer Service Centre Oakfield House PO Box 600 Binley Business Park Coventry CV3 9YR.


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