Your Nominated Account is the bank account you nominate at registration with Raisin UK. This would typically be your main current account. You pay in from your Nominated Account to your Transaction Account in order to invest in the saving products you selected, and you withdraw funds from your Transaction Account back to your Nominated Account.
You can nominate any account that is:
- Held with a bank or building society in the UK. Please be aware that you cannot nominate an account held with electronic money institutions or payment institutions (e.g. Prepay Technologies, Loot, Pocket, Revolut, Tide, TransferWise & other e-money services)
- Held in your name, including sole and joint accounts