What is a nominated account?

A nominated account is a UK Bank or Building Society account (that you nominate when opening your account) that allows you to make and receive electronic payments (including Faster Payments, BACS, and CHAPS). Deposits into your account must come from your nominated account and any withdrawals out of Shawbrook Bank (including interest payments) will be sent to your nominated account. 

You can hold one nominated account for each savings account you hold. If your nominated account is a sole account it must be in your name, or (in the case of a joint account held with Shawbrook Bank) at least one of your names. If the nominated account is a joint account, then at least one of you must be named on that account.