BANK RATE CHANGE
On 2 November 2017, the Bank of England announced that the Bank Base Rate would increase with immediate effective from 0.25% to 0.50%.
To make payments into your account from within the UK, or for a Direct Debit payment from your Cash Transactor account:
|Account name||Yorkshire Building Society account holder's name|
Use this sort code for all YBS accounts
60 – 92 – 04
(operated through one of our main bankers – NatWest Bank Plc)
|Bank Account Number||The first 8 digits of your YBS account number|
|Reference or Roll number||The full 10 digits of your YBS account number (not required for direct debits)|
Where payments are sent by the Faster Payment service to your account, they may take up to 4 hours to be credited to your account.
You can pay a cheque into your YBS account at any branch or agency - however you should be aware that the terms & conditions of our online based accounts mean that we do not accept cheque deposits into these accounts.
Cheques should be made payable to the account holder and not to the Society.
All cheques in the United Kingdom are cleared in accordance with the 'Customer Promise' cheque clearance timescales. Yorkshire Building Society savings accounts use clearing cycle timeline, as explained below.
|Monday||The cheque is paid into the account|
|Tuesday||Working day 1||The cycle starts on the first working day after the cheque is paid into your account. A working day is any day excluding a Saturday, Sunday or bank holiday in England and Wales. If a Saturday, the cycle will start on the next working day.|
|Wednesday||Working day 2||Interest starts to be earned today.|
|Thursday||Working day 3.|
|Friday||Working day 4.|
|Monday||Working day 5.||You will be able to withdraw the money today. However the cheque could still be returned unpaid (bounced) until the end of working day 6.|
|Tuesday||Working day 6.||You can be sure the money is yours at the end of today. It cannot be reclaimed without your consent unless you are a knowing party to fraud.|
A Working Day is any day excluding a Saturday, Sunday or bank holiday in England and Wales.
To help people when they change to a new current account provider, the Payments Council has introduced a Cheque Redirection Service. If we are notified that the cheque you are paying into your account has been redirected and is part of this service, the clearing cycle will restart from the day we receive the notification.
Please note that cheques are valid for 6 months from the day they are signed and dated. Cheques payable to you should be paid into your account in plenty of time to allow them to clear before they become out of date.
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Alternatively you can visit your local branch or report it online