Yes, you need a UK bank or building society account that you hold in your name to transfer funds into your Raisin UK 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 Raisin UK Account nominated account at a time, and this is the only account that you can use to transfer money to and from your Raisin UK Account.
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 Raisin UK Account from the following accounts:
- PrePay Technologies Ltd