Depositing & withdrawing money

You can make a payment to us by electronic payments only. This includes Faster Payments, BACS and CHAPs.

As we don't take payment from you automatically, you'll need to make any payments from your nominated, or linked, account, using the following details:

Payee Name: Shawbrook Bank

Sort Code: 16-58-73
Account number: Your Shawbrook Savings Account number
Reference: Your name as the payment reference

If you're not sure what account number to use, you can get help on how to find your account number.

For peace of mind, you may wish to make a small 'test' payment of £1. Once the payment has processed, you'll see it in your account.

No, we never collect money from your nominated account.

You can make a payment to us by electronic payments only. This includes Faster Payments, BACS and CHAPs.

Your payment will need to come from your nominated, or linked, account, using the following details:

Payee Name: Shawbrook Bank
Sort Code: 16-58-73
Account number: Your Shawbrook Savings Account number
Reference: Your name as the payment reference

If you're not sure what account number to use, you can get help on how to find your account number.

For peace of mind, you may wish to make a small 'test' payment of £1. Once the payment has processed, you'll see it in your account.

You can add money to your account, up to your maximum deposit amount, whenever you like.

How to make a deposit into your account.

That depends on the account. Our easy access and notice period accounts allow you to deposit money any time, subject the maximum balance allowed on the account.

You can add money to your fixed term bond as long as the product is not withdrawn. When we withdraw a product, you will be able to fund it for 7 working days after we withdraw it. You can find a list of our withdrawn products in our savings documentation.

Easy access and notice accounts

You can make as many deposits as you like, up to the maximum deposit amount.

Fixed rate bonds

You can add money to your account as long as the product is still open for funding, up to the maximum deposit amount.

If your bond is removed from sale (we'll do this when we have new rates), you'll usually have seven days from removal to add any more funds to your account.

You can check if a product is withdrawn by checking the savings documentation page and checking the withdrawn product list.

You're welcome to take out an additional bond if you wish for further funds. Please contact the team by secore message and they'll help you apply for a second account. 

You can contact the team by logging in and sending a secure message. 

Yes, you can add more money to your fixed rate bond if the product is still open for funding, up to the maximum deposit amount.

If your bond is removed from sale (we'll do this when we have new rates), you'll usually have seven days from removal to add any more funds to your account.

You can check if a product is withdrawn by checking the savings documentation page and checking the withdrawn product list.

You're welcome to take out an additional bond if you wish for further funds. Please contact the team by secore message and they'll help you apply for a second account. 

You can contact the team by logging in and sending a secure message. 

Our sort code is 16-58-73.

Funds are credited to your account the same working day, if sent before 3.30pm. If funds are sent after this time or not on a working day (Saturday and Sunday or English public holiday), the funds will credit your account the following working day. You will begin to earn interest once the credit has been applied to your account.

If you've registered a mobile number with us, we'll send you a text to let you know the funds have been credited.

If it's been more than one working day since you transferred the funds, check your nominated account in case it's been returned to your account. This could happen if the product is no longer open for funding.

Please contact us if you have any issues and we'll take a look.

You can contact the savings team by logging in and sending a secure message, or getting in touch by phone on 0345 266 6611. 

Our team are available Monday to Friday, 9.00am - 5.00pm, excluding public holidays.

Funds are credited to your account the same working day, if sent before 3.30pm. If funds are sent after this time or not on a working day (Saturday and Sunday or English public holiday), the funds will credit your account the following working day. You will begin to earn interest once the credit has been applied to your account.

If you've registered a mobile number with us, we'll send you a text to let you know the funds have been credited.

Most banks have introduced the 'confirmation of payee' scheme which is designed to help you avoid fraud.
As part of this check, your bank will search a database of current accounts and try to verify the sort code and account number.

Because we don't operate a current account, we're not included in this scheme. This means your bank is likely to say that they can't confirm the payee and that you should be careful, and to double check you're sending money to the right place.

There's no need to worry - as long as you use the sort code 16-58-73 and enter the eight digit savings account number correctly, everything will go through fine.

If you're not sure what account number to use, you can get help on how to find your account number.

You may wish to make a small 'test' payment of £1. Once the payment has processed, you'll see it in your account.