Eligibility
Restricted depositors as defined by the Class 1(2) FSA licence and Capital International Bank's risk appetite.
Maximum balance
Up to 14:30 - no maximum intra-day balance prior to 14:30. Any monies not paid away before the 14:30 cut off will be moved to the
Excess Fiduciary Account (EFA) by Capital Intentional Bank.
Linked accounts
Upon opening a CTA, an associated EFA is also provided. Any funds not instructed to move out of the CTA before the 14:30 cut-off will be transferred to the EFA.
Overdraft facility
No overdraft facility currently
Inward and outward payment capability
Yes
Bulk payment capability
Yes – you are able to import a bulk payment file.
This feature is only available for GBP currency, BACS & Faster Payment and same day debit date.
File import cut-off time – 13:00 (with authorisation by 13:30).
Confirmation of Payee ("CoP")
Foreign exchange availability
Yes - across 2 CTAs held in different currencies
Currencies
GBP, EUR, USD, HKD, AUD, SGD, CAD and JPY
Balance sheet exposure
Capital International Bank
Outward payment cut off times
14:30 (with authorisation by 14:45)
Inward payments cut off times
14:30 – inward payments received after this time will be applied to your CTA the following working day.
Internal transfer cut off times
CCA or EFA to CTA - 14:00 (with authorisation by 14:15)
CTA to CCA or EFA - 14:30 (with authorisation by 14:45)
Interest accrual application
Daily accrual, monthly application
Interest Payment
Applied to account only
Interest rate change notice period
7 calendar days
FX trading cut-off
CTA FX desk opening hours are 08:30 to 14:30 Monday to Friday, excluding UK bank holidays.
Covered by Depositors Compensation Scheme?
No
