Advantage International
Multi-currency banking made easy, with built-in benefits
Control all your global currencies with one bank account, and enjoy benefits to match your international lifestyle. All for just £150 a year.
Advantage International is packed with useful savings and extras. Here's a small selection:
Travel and leisure - with protection that starts from your departure point. Plus winter sports cover comes as standard
Insurance - if you, your partner or your children experience an accident you could get a lump sum payment
Security - arrange emergency cash, replacement documents, medical care, legal help and more
Banking - control euros, US dollars and sterling with currency cards to make spending easy
Advantage International gives you all this for just £150 a year.
Banking benefits
- Manage all your currencies - a single account for all your currency funds, with separate statements for each currency
- Currency cards - the easy way to pay in euros or US dollars
- Relationship manager - a personal approach to help you manage your finances
- Overdraft - up to £10,000 or the currency equivalent, subject to status
- Cheque book - simply add an Advantage Cheque account
- Bank your way - online, on the phone or in a branch
- Credit cards - apply for a Platinum credit card, subject to status
- Tailored rates - tailored rates on overdrafts and loans
Insurance benefits
- Travel cover - with protection that starts from your departure point. Plus winter sports cover comes as standard. It's the easy way to get cover for yourself, your partner and your children
- Hire cars - why pay for loss and damage waiver insurance? Instead, get automatic cover up to $80,000 a vehicle. All you have to do is hire a car for holiday use outside your country of residence. The maximum stay is 31 days
- Emergency help - you're never left on your own. Arrange emergency cash, replacement documents, medical care, legal help and more
- Personal accident cover - if you, your partner or your children experience an accident, this policy could make a lump sum payment
Lifestyle benefits
- International concierge - get the information you need, from arranging a balloon ride in Dubai, to finding an electrician in New York
- Restaurants and tickets - book through our service to enjoy discounts that really add up
- Savings and offers - from our exclusive Advantage International members' website
- Lost luggage help - when a bag goes missing en route, simply get in touch
- Membership card - receive a Lifestyle priority membership card
Travel benefits
- Hotel savings - plus discounts on your other travel options
- Travel money - with no commission
- Airport lounge access - 20% discount on Priority Pass airport lounge access
This page provides a summary of the rates and charges that apply to the Advantage International current account.
Full copies of the fees and interest rates, and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.
Subscription fee
An annual subscription fee is payable on the following account. Membership includes access to all the benefits listed in the appropriate brochures and user guides.
| Type of current account | Subscription fee |
|---|---|
| Advantage International | £150.00 per year. Payable from your Advantage International account |
Interest we pay you
The annual rates of interest paid on credit balances:
| Type of current account | Amount held in account | Gross Rate % | AER% |
|---|---|---|---|
| Advantage International - Sterling | |||
| £1,000,000 + | 0.25 | 0.25 | |
| £750,000 - £999,999 | 0.10 | 0.10 | |
| £500,000 - £749,999 | 0.10 | 0.10 | |
| £250,000 - £499,999 | 0.10 | 0.10 | |
| £100,000 - £249,999 | 0.10 | 0.10 | |
| £50,000 - £99,999 | 0.10 | 0.10 | |
| £25,000 - £49,999 | 0.10 | 0.10 | |
| £10,000 - £24,999 | 0.10 | 0.10 | |
| £2,000 - £9,999 | 0.10 | 0.10 | |
| £0 - £1,999 | 0.10 | 0.10 | |
| Advantage International - US Dollar | |||
| $1,000,000 + | 0.15 | 0.15 | |
| $750,000 - $999,999 | 0.10 | 0.10 | |
| $500,000 - $749,999 | 0.10 | 0.10 | |
| $250,000 - $499,999 | 0.05 | 0.05 | |
| $100,000 - $249,999 | 0.05 | 0.05 | |
| $50,000 - $99,999 | 0.05 | 0.05 | |
| $25,000 - $49,999 | 0.05 | 0.05 | |
| $10,000 - $24,999 | 0.05 | 0.05 | |
| $2,000 - $9,999 | 0.05 | 0.05 | |
| $0 - $1,999 | 0.05 | 0.05 | |
| Advantage International - Euro | |||
| €1,000,000 + | 0.50 | 0.50 | |
| €750,000 - €999,999 | 0.40 | 0.40 | |
| €500,000 - €749,999 | 0.35 | 0.35 | |
| €250,000 - €499,999 | 0.25 | 0.25 | |
| €100,000 - €249,999 | 0.10 | 0.10 | |
| €50,000 - €99,999 | 0.10 | 0.10 | |
| €25,000 - €49,999 | 0.10 | 0.10 | |
| €10,000 - €24,999 | 0.10 | 0.10 | |
| €2,000 - €9,999 | 0.10 | 0.10 | |
| €0 - €1,999 | 0.10 | 0.10 | |
Updated: 18th May 2009
Calculation and application of interest.
Interest is calculated on a daily basis and paid into your account monthly, usually the day after we send your statement to you.
Interest due on overdrawn balances
Unarranged overdrafts
Any amount overdrawn without an arranged overdraft or in excess of an arranged overdraft limit will be charged at the following rates:
| Type of current account | Nominal monthly rate % | Nominal annual rate % | EAR % Typical variable |
|---|---|---|---|
| Advantage International | 1.48 | 17.73 | 19.24 |
Charges
There are a number of ancillary services available to you. The most common of these are listed with their costs. These charges are in respect of personal banking. Also listed are services which we may have to perform for you.
Arranged overdrafts - arrangement and renewal fees
Please contact your Relationship Manager for further details
Unarranged overdrafts, unpaid items and enforcement charges
| Fee type | When charged | Fee amount |
|---|---|---|
| Maintenance charge | ||
| If your account becomes overdrawn without prior arrangement or any arranged overdraft limit is exceeded, you will be liable for a monthly maintenance charge. The maintenance charge will be applied if you have an unarranged overdraft at any time during a monthly charging period. | 21 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £20 |
| Paid referral fee | ||
A paid referral fee will be payable if:
| 21 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £15 for each day on which a paid referral occurs (subject to a maximum of £90 in any charging period) |
| Guaranteed card payment fee | ||
A guaranteed card payment fee will be payable if:
| 21 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £15 for each transaction (subject to a maximum of £90 in any charging period) |
| Unpaid item fee | ||
An unpaid item fee will be payable if:
| 21 days after the end of the charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The charging period normally ends on the date that we issue your statement to you. | £5 for each item (subject to a maximum of £50 in any charging period) |
| Making an informal request for an overdraft means you will have to pay a paid referral fee, a guaranteed card payment fee or an unpaid item fee. If an unarranged overdraft arises, you will also have to pay the maintenance charge and interest on the amount overdrawn. For examples showing how our charges work, please see the section headed unarranged overdrafts and unpaid items in our leaflet 'Our commitment to you'. | ||
| Enforcement charges | ||
| A default notice fee will be payable if we need to serve a default notice on you (for example, if you fail to repay your overdraft on demand or we wish to enforce any security we hold). This is in addition to any other charges that may apply. | Within four days of the default notice being served. | £30 per notice |
Additional services
| Stopping payment instructions | |
|---|---|
| Stopping a cheque (unless it has been lost or stolen) | £10 |
| Payments | |
| Obtaining a sundry payments cheque | £12 |
| Obtaining a special cheque clearance | £15 (£25 in Gibraltar) |
| CHAPS payments | £23 |
| Obtaining copies of statements | £5 per request |
| Certificate of debit interest | No fee |
| Certificate of credit interest | £10 |
| Tailored loan arrangement fee | 2% of amount borrowed (minimum fee £100) |
| International payments | |
| Including currency transfers in the UK currency inward collections | 0.3% (minimum fee £23, maximum fee £40) plus £10 agents charge where applicable |
| Inward payments from overseas | |
| Depending on payment instructions these charges may be for the Over beneficiary or remitter | Up to £100 - no charge Over £100 - £7.50 plus agents charges where applicable |
| Foreign cheques | |
| Cheques drawn at foreign banks in local currency are usually negotiated The Bank reserves the right to obtain proceeds on a collection basis where appropriate | Negotiation 0.25% (minimum fee £7, maximum fee £45) Collection 0.25% (minimum fee £20, maximum fee £70) |
| Foreign draft | £40 |
| Outward / Inward payment investigations | |
| Within 6 months of payment release | £25 per item |
| 6 - 12 months from payment release | £50 per item |
| Over 12 months from payment release | £100 per item |
| ibanking plus payments | |
| CHAPS reduced tariff | £15 |
| ibanking plus international payments | |
| £5,000 or less | £15 |
| Over £5,000 | 0.3% (maximum £40) |
Common definitions
Throughout this page, you'll see various terms being used. Here's what they mean:
Annual Equivalent Rate (AER) - This is a notional rate used for interest bearing accounts, which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
Effective Annual Rate of Interest (EAR) - This is the real annual cost of an overdraft, stated as an annual rate, which takes into account how often interest is charged to the account. All other charges, such as arrangement fees, must be shown separately from the EAR.
Gross Rate - This means the interest rate you are paid before the deduction of income tax.
Nominal Rate - The rate charged excluding compounding of interest and other charges associated with a borrowing, e.g. arrangement and security fees.
p.a. - per annum (per year).
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