Using your account

Putting money in

When you open your savings account you’ll make a single deposit

If you have a fixed term deposit account, you can't add more money to the account after you've sent your initial deposit.

If you have an instant access account or notice account you can pay in as much and as often as you like until you reach the maximum account balance.

Ways to pay in to your account

  • Direct Electronic Transfer via your bank
  • BACS or online banking transfer
  • Transfer from another Nationwide business savings account
  • Cheque

For more details, visit our ways to pay into your account page.

Taking money out

Instant access accounts

  • Withdrawals are unlimited but must be at least £500.
  • You just need to provide us with a signed withdrawal form via email, post or fax.
  • You'll receive your withdrawn funds the same working day if we receive the instruction before 3pm (excludes bank holidays).
  • Only those who you set up as Authorised Signatories will be allowed to make withdrawals to your nominated account. Complete our nominated account change form if you need to update this.

Notice accounts

  • So long as you tell us 95 days before you’d like to receive your money, you can take money out as often as you like. Withdrawals must be at least £500.
  • You just need to provide us with a signed withdrawal form via email, post or fax.
  • You'll receive your withdrawn funds 95 days after we receive the instruction.
  • Only those who you set up as Authorised Signatories will be allowed to make withdrawals to your nominated account. Complete our nominated account change form if you need to update this.

Fixed term deposit accounts

There are no withdrawals allowed until maturity.

  • Approximately 30 days prior to maturity of your account, you'll receive a maturity options form which gives you the options of what to do with your funds.
  • If you choose to withdraw your funds, you'll receive your funds on the maturity date, as long as we've received your maturity instruction.
  • If we don’t hear from you when your account matures your account will be moved into a Maturity Reserve Account until we receive your instruction.

Account statements

If you have an instant access or notice account, we’ll send you an annual statement every April showing the interest your savings account has earned. We’ll also send you a monthly statement if there have been any transactions on your account during this month.

You can request a one off statement at any time by contacting us.

If you have a fixed term deposit account, we’ll send you a statement when your fixed term ends and your account matures.


For further information on any of the above, please download our account guides: