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The International Bond Quarterly Fee (previously called the Regular Fixed Charge), will increase by 5% a year in 2024. This charge is paid by some customers under the Initial Charge / Quarterly Fee charging structure (previously called the Wealth Management charging structure). The increase is in line with our Policy Provisions and follows a review of overall costs impacted by inflation.
The Quarterly Fee is paid in arrears and on average clients will pay between £7 and £8 more each quarter.
We’ll notify customers impacted by the increase at least 30 days before their bond anniversary date. Their first increased charge will be taken three months after their bond anniversary date.
Impacted customers who pay the charge by standing order will need to update their standing order to cover the new payment amount.
|
Quarter in which customer's Bond anniversary falls |
Approx date customers will be notified |
|---|---|
| October – December | Start of September 2024 |
View a copy of our communications.
For more information, please contact 0345 600 2387 (call charges will vary).
Please note - this news item was previously published in May 2024. We’re republishing as a reminder because customers with anniversary dates between October 2024 to December 2024 will receive their communication regarding this price increase from 01 September 2024.