Finance Choices
Intelligent Finance Current Account
The Intelligent Finance Current Account offers a rate of 2.75% AER, one of the highest in the UK for current accounts.
As with most other products from Intelligent Finance, if you have their offset mortgage, you can use any credit you have in your current account to reduce your mortgage balance - and so reducing interest payments.
Switching your account to IF is simple as they have a dedicated account transfer team to handle moving your direct debits etc from your old account, to help you make a seamless transition.
Use your Intelligent Finance Current Account to offset your mortgage
By offsetting you can use the balance of your current account to reduce the amount of interest you pay on your offset mortgage. For example, if you have £60,000 outstanding balance on an offset mortgage and £1000 in your current account, by not receiving interest on your current account balance, you won't pay interest on £1,000 of the outstanding mortgage balance.
The more you review the IF Current Account the more you begin to find yourself getting very excited about this service and starting to feel the urge to apply now.
Summary
There are three simple steps to moving your current account to IF. All they need are a few details from you, and they'll do the complicated stuff. You can just relax and wait for your money to start working harder.
Step 1 Fill in the online application.
Step 2 Sign and date the agreement and pop it in the post
They'll send you an authorisation, which gives them the written permission they need to start moving your account. You just need to sign this, and send it back to them in the pre-paid envelope.
Step 3 Check that all the information they send you is correct, then tell them when you'd like the switch to take place. They'll give you a unique customer number to help you keep an eye on how things progress. Your authorisation allows them to get a list of standing orders and direct debits from your current bank.
Simple as that. To start the process, simply click the link below to apply for your Intelligent Finance Current Account.
As with most other products from Intelligent Finance, if you have their offset mortgage, you can use any credit you have in your current account to reduce your mortgage balance - and so reducing interest payments.
Switching your account to IF is simple as they have a dedicated account transfer team to handle moving your direct debits etc from your old account, to help you make a seamless transition.
Use your Intelligent Finance Current Account to offset your mortgage
By offsetting you can use the balance of your current account to reduce the amount of interest you pay on your offset mortgage. For example, if you have £60,000 outstanding balance on an offset mortgage and £1000 in your current account, by not receiving interest on your current account balance, you won't pay interest on £1,000 of the outstanding mortgage balance.
The more you review the IF Current Account the more you begin to find yourself getting very excited about this service and starting to feel the urge to apply now.
Summary
- An interest rate of 2.75% AER/GROSS Variable, calculated on the basis of daily balances - one of the UK's highest
- Withdraw up to £300 a day from over 800,000 cash machines all over the world
- Debit card, with £100 cheque guarantee facility
- Hassle free move: our dedicated team will ensure all your direct debits and bill payments are moved over quickly and efficiently - and they'll keep you informed every step of the way
There are three simple steps to moving your current account to IF. All they need are a few details from you, and they'll do the complicated stuff. You can just relax and wait for your money to start working harder.
Step 1 Fill in the online application.
Step 2 Sign and date the agreement and pop it in the post
They'll send you an authorisation, which gives them the written permission they need to start moving your account. You just need to sign this, and send it back to them in the pre-paid envelope.
Step 3 Check that all the information they send you is correct, then tell them when you'd like the switch to take place. They'll give you a unique customer number to help you keep an eye on how things progress. Your authorisation allows them to get a list of standing orders and direct debits from your current bank.
Simple as that. To start the process, simply click the link below to apply for your Intelligent Finance Current Account.
posted by Barbara Gordon at 4:31 PM
Intelligent Finance Current Account
2 Comments:
Very pleased with this service from Intelligent Finance, strongly recomended. I have attempted to do most of the functions on the Internet Banking web site with no problems at all and i'm no computer expert. Transfering money, setting up direct debits, paying lump sums of your mortgage, offsetting you name it no problem.
After having a mortgage and savings with IF for a couple of years last autumn I decided to move my current account to make it easier to move money between accounts and to take further advantage of offsetting.
IF cocked up my current account transfer and a standing order for over £600 was paid twice in the same month. Luckily I had the savings to get me through the month.
I then moved house in December and am still (end of April) waiting for the temporary mortgage to be moved into the offset plan. All this time I've been receiving savings interest - and paying tax on it.
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