Enhance gives you the benefit of tiered credit interest on your Current Account if you comply with the Enhance conditions. You can have a maximum of 3 accounts with Enhance.
The Enhance conditions are that each month you must:
Pay into your account at least £1,000 during the calendar month; and
Keep your account in credit (that is above £0) during the monthly billing period.
For each month that you meet the Enhance conditions, you will qualify for credit interest in that monthly billing period which runs from the second working day of a month to the first working day of the next month. This means we will work out interest on a daily basis at the relevant Enhance interest rate from the second working day of that month and pay it to your account at the end of the first working day of the next month.
If you do not meet both of the Enhance conditions we will not pay interest on the amount in your account for that month. We also do not pay interest on any amount over the Enhance upper limit of £5,000.
The Enhance interest rates are variable and vary depending on the amount in your account. They will apply from the working day on which you open or upgrade your Current Account with Enhance as long as you do so during our normal working hours or from the next working day if you do not. (If you upgrade from a Plus account, these conditions will replace the Plus conditions.)
These Enhance conditions are in addition to any that apply to your Current Account and will apply from the day on which your account is opened or upgraded with Enhance.
The monthly billing period for our Enhance customers is from the second working day of a calendar month to the first working day of the next. If this is different to the current monthly billing period for your Current Account, and you add Enhance to your account we will change it straight away.
If you are a customer holding an account for which we normally charge a monthly fee but you benefit from a fee waiver, that waiver will no longer apply and we will charge you the normal monthly fee if you change the type of account you hold or add Enhance.
We’ve reduced our maximum monthly charge for your Unplanned Overdraft.
We’ve reduced the maximum that we’ll charge you for Unplanned Overdraft and Returned Item Fees.