Basic Cash Account
A bank account that is simple and straightforward to use. The Basic Cash Account makes it easy to pay money into your account, check your balance and take cash out at any cash machine or Post Office™ branch counter in the UK. There are no overdrafts or cheque books to worry about. Account holders must be 16 or over and UK residents. We do not offer accounts to undischarged bankrupts. This account was previously known as the CashPlus account.
To apply for a Basic Cash Account visit your
remember to take 2 forms of ID.
Basic Cash Account credit interest rate
No interest is payable on money held in the Basic Cash Account.
Basic Cash Account fees
All charges shown are variable and may change from time to time
| Payment Review Fee |
£25 per item |
| Statement and document copies |
£5 per copy |
| Same day electronic payment to another person's account in the UK |
£30 |
| Banker's reference |
£10 |
Separate fees are made for international transactions and may also be made for other work of an exceptional nature. All fees are debited to the Basic Cash Account.
Cheque clearance
Cheque deposit clearance
| Alliance & Leicester branch cash machine before 2pm |
5th working day† |
| Post Office™ |
4th working day after it reaches our clearing centre† |
| By post |
4th working day after it reaches our clearing centre† |
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Cash deposit clearance
| Post Office™ |
Same day |
Alliance & Leicester branch cash machine before 2pm
Alliance & Leicester branch cash machine after 2pm |
Same day
Next working day† |
Previous Basic Cash Account credit interest rates
Previous credit interest rate from 02.11.01 to 03.05.04
AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded each year. Gross is the interest rate before income tax deduction at the rate determined by HM Revenue & Customs. The rates that are shown are variable.
Financial Services Compensation Scheme
Alliance & Leicester plc is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. In respect of deposits with a UK office, payments under the Scheme are limited to 100% of the first £50,000. Most depositors, including individuals and small firms, are covered. The Scheme covers deposits made with the offices of the bank within the European Economic Area and deposits denominated in all currencies are treated alike. Further details of the scheme are available on request.
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All details correct as of April 2008.