Yes, you need a UK bank or building society account that you hold in your name to transfer funds into your Transaction Account so that you can fund savings accounts through our marketplace. This account will become your nominated account.
You can only assign one bank or building society account as your Nominated Account at a time, and this will be the account that your withdrawn funds are sent to.
You can change your Nominated Account via your Raisin UK Account, provided that you do so at least seven calendar days before the maturity date of any fixed rate bond savings accounts that you have opened.
Please be aware that you cannot transfer money to or from your Transaction Account from the following accounts:
- PrePay Technologies Ltd