Business accounts terms and conditions Applies from September 2015
Contents Page Introduction 3 Definitions 3 Section A 1. Contacting us 5 2. Data Protection Notice - How We Use Your Information 5 3. ibusiness Banking (ibb) 7 4. Maximum timeframes for making payments 7 5. Payment cut-off times 8 6. Authorised payments 9 7. Payments made without authority or incorrectly executed payments 10 8. Fraud prevention 11 9. Complaints 11 Section B Terms and Conditions for Business Current Accounts 1. Paying money in 12 2. Taking money out 12 3. Recalling or cancelling a payment 14 4. Interest and exchange rates 14 5. Fees and charges 15 6. Operating the account 15 7. Closure of the account 17 8. Death of the account holder (Sole traders and Partnerships) 18 9. General 18 Section C Terms and Conditions for Business Select Accounts 1. Paying money in 20 2. Taking money out 20 3. Recalling or cancelling a payment 20 4. Interest and exchange rates 21 5. Operating the account 21 6. Closure of the account 22 7. Death of the account holder (Sole traders and Partnerships) 23 8. General 23
3 TERMS AND CONDITIONS Introduction The specific terms and conditions contained in this brochure apply to the relevant account type(s) chosen by you, i.e. Business Current Account, Managed Account, Business Access Account and Select Account. In addition, the terms and conditions in the Data Protection Notice - How We Use Your Information section below apply to all account types. Definitions Account means the bank account with us. Authorised payment means a payment which has been made with your permission and in line with our terms and conditions. Available balance means the amount of cleared funds upon which you may draw. ATM means any automated teller machine (cash machine) which is capable of dispensing cash or providing other services associated with a card. BACS Direct Credit means a transfer of funds (in pounds sterling) from one bank account to another within the UK and which is processed over three banking days. Banking day means any day of the week excluding Saturday, Sunday and Northern Ireland bank and public holidays. Bank of England base rate means the rate the Bank of England Monetary Policy Committee considers every month and publicly announces any changes to. Business customer is any of the following:- - Sole trader a person operating a business in his/ her own name, or under a trading name. - Partnership two or more people operating a business together, in their own names or under a trading name, with a view to making a profit. - Limited Liability Partnership a separate legal entity incorporated under the Limited Liability Partnerships Act (Northern Ireland) 2002. - Company a separate legal entity incorporated as a limited or unlimited company under the relevant Companies Act or a foreign company incorporated abroad. - Club, society, association, trustee, charity or other group a person, group or body providing a service for the benefit of others. CHAPS payment (Clearing House Automated Payments System) is the payments system banks in the UK use to make high-value same-day payments (in pounds sterling) to each other. You can ask your bank to make a CHAPS payment on your behalf to an account with any other bank in the UK that uses the system, and the person or organisation you are paying will receive the money into their bank account on the same banking day. Credit transfer means paying your bill using a preprinted giro slip. Direct credit means transferring funds (in pounds sterling) from one bank account to another within the UK. Direct debit - setting up a direct debit from your account gives a company or organisation permission to take the amounts out of your account on the dates they are due, and to amend those amounts when necessary. EEA means the European Economic Area which includes the UK and the European Union. Excluded account means an account which is held for the benefit of a customer who is not an individual, and as defined by HM Revenue & Customs, on which interest is paid gross. For example accounts held for the benefit of companies and certain trusts, clubs, societies, charities and associations. Faster Payments Service (FPS) is used to make electronic payments to accounts held with other UK banks usually by phone or online banking, to pay bills or make regular standing order payments. Payments made using Online or Phoneline Banking will be passed to the receiving bank no later than the next banking day following your payment instruction. Payments received from the Faster Payments Service will be credited to your account within two hours. Group AIB Group comprises Allied Irish Banks p.l.c., its subsidiaries and associated companies
from time to time including AIB Group (UK) p.l.c. International Payment means transferring funds, in any currency, from one account to another account outside of the UK or transferring funds, from one account to another inside the UK in any currency other than sterling. LIBOR is the London Interbank Offered Rate. This is the primary benchmark short-term UK fixed lending interest rate used by banks for periods from one week up to one year. The LIBOR is officially fixed every date at 11.00am (excluding bank holidays and weekends) by a group of London-based banks for each fixed period. This interest rate is guaranteed over the stipulated period of time. Managed Libor base rate the Bank s Managed Libor base rate is a variable rate. The rate is determined on the last business day of each month using the average of the three month LIBOR rate published daily for that month rounded to 3 decimal places. The rate becomes effective at the close of business from the first business day of the following month. Changes will be advised to you in your monthly statement. Further details and confirmation of the current rate are available on the First Trust Bank website (www.firsttrustbank.co.uk) or by ringing our Contact Centre on 0845 6005 925 Paper transaction means a transaction using paper cheques of any kind, including banker s drafts and paper-based vouchers. Payee means the person to whom any payments made by you are to be made. Payment service means a cash deposit or withdrawal, an electronic payment for example a direct debit, standing order, credit transfer, credit card transaction, or a transaction carried out through our Internet Business Banking service. Payment service provider means an organisation that offers any payment services to customers. For the purposes of this document, the payment service provider is us, AIB Group (UK) p.l.c., trading as First Trust Bank. Payments Services Regulations or PSR means the Payment Services Regulations which came into effect in the UK on 1 November 2009. Reference (also known as a unique identifier ) is a combination of letters, numbers or symbols used to identify a payment. Reference interest rate means an interest rate which comes from a publicly available source which can be verified by both parties such as Bank of England base rate, LIBOR, Managed LIBOR or any other interest rate which meets this description. Standing order (also known as a regular payment ) a regular instruction to take a payment from your bank account and credit it to another bank account. Teller workstation means the computer terminal installed by us on branch counters to enable you to make withdrawals from and cash lodgments to your account. Unauthorised payment means a payment which has been made without your permission and which may be considered as fraudulent. Your branch means the particular First Trust Bank branch where your account is maintained. The masculine pronoun shall be taken to include the feminine and where applicable, the singular to include the plural. 4
Section A General The terms and conditions in this section (Section A) apply to all accounts contained in this booklet. 1. Contacting us You can contact us through our Contact Centre, through our branches, by email and by phone (as set out in your terms and conditions and in our Customer Care our commitment to you? brochure), and through our different helplines (for example, Internet Business Banking). Details of your branch will be provided to you when you open your account. If your First Trust Bank credit card or any other security feature of the card is lost or stolen or has fallen into the hands of someone who may use it to commit fraud, please contact us immediately on 0044 (0) 28 9033 0099. A customer service adviser is available 24 hours a day. We have also set up a phone number you can use to report suspicious or fraudulent transactions, no matter what product or service they apply to. The number is 0044 (0) 28 9034 6034. A customer service advisor will be available from 8.30am to 5.00pm. Outside these hours, there will be a recorded answering service. You can leave a message and we will follow it up the next banking day. We will also record the message and add it to our files. You can also contact us by writing to our head office at First Trust Bank, 92 Ann Street, Belfast BT1 3HH. First Trust Bank is a trade mark of AIB Group (UK) p.l.c.( a wholly owned subsidiary of Allied Irish Banks, p.l.c.), incorporated in Northern Ireland. Registered Office 92 Ann Street, Belfast BT1 3HH. Registered Number NI018800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 2. Data Protection Notice - How We Use Your Information In this notice, we, us and our refers to AIB Group (UK) p.l.c. which includes First Trust Bank, Allied Irish Bank (GB) and Allied Irish Bank (GB) Savings direct and AIB Group which refers to Allied Irish Banks, p.l.c., its subsidiaries, affiliates and their respective parent and subsidiary companies. For more information about our group of companies, please visit www.aibgroup.com. This notice explains what we will do with your information, so that you can decide whether or not to provide that information to us. It is important that you read it carefully. The personal information requested from you is required to enable us to effectively provide or administer a product or service to you. Failure to supply us with sufficient information may result in us not being able to provide or meet your product/service needs. The information that you provide may be held by us on a computer database and/or in any other way and will be treated confidentially. 1 Disclosure of Information: Information we hold about you will not be disclosed to anyone, outside of AIB Group, other than: 1.1 If we are required by law to give the information. 1.2 Where we have a public duty to disclose information. 1.3 Where disclosure is required for ourlegitimate business interests. 1.4 Where disclosure is made with your consent. We may use this information in the following ways: 2 Products and Services: 2.1 To administer the products and services that we supply to you and any future agreements that we may have with you, and to manage and develop our relationship with you. 2.2 For direct marketing purposes; to advise you of products or services, where you 5
have given your permission to us through your marketing choices. 3 Credit Scoring and Credit Reference Agencies: 3.1 We may use automated credit scoring methods to assess your application. Credit scoring takes into account information provided directly by you, any information we may hold about you, and any information we may obtain from other organisations. 3.2 We will verify the identity and address of all applicants, including through the use of Electronic Identification. We may also carry out additional verification checks throughout the lifetime of your agreement. 3.3 To carry out searches (including verifying your identity and/or a credit search) and disclose information to credit reference agencies for the purpose of assessing applications for credit and credit related services and for ongoing review of credit. Credit reference agencies will record details of each type of search we make, whether or not your application proceeds. We may use credit scoring techniques and other automated decision making systems to either partially or fully assess your application. 3.4 Whether you borrow money from us or not, we may regularly give credit reference agencies details of your account and how you use it, including in certain circumstances, details of any payments you have failed to make. These details may include your account balance, credit limit and any arrears. Credit reference agencies may make this information available to other organisations so that they can take decisions about you and your associates. 3.5 In relation to joint applications; a financial association may be created between applicants at the credit reference agencies. This association may be considered in future applications by us and other financial institutions. 3.6 Please be aware that the presence of several credit searches on your record with a credit reference agency may affect your ability to obtain credit elsewhere for a short period of time. 3.7 To review your financial position across AIB Group, including debit and credit balances and security for credit facilities. 4 Other Third Parties: 4.1 To provide your personal details to debt collection agencies, tracing agencies, and/or third party processors and contractors, who act on behalf of us, if it is necessary for the performance of a contract and/or to protect the legitimate interests of AIB. The third parties will not be allowed to use your information for anything else. 4.2 To whom we transfer, or may transfer any of our rights or obligations under any contract with you. 5 Financial Crime Prevention: To prevent and detect fraud, money laundering or other criminal activity; and to trace those responsible. 5.1 If false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies. 5.2 Law enforcement agencies may access and use this information. 5.3 We and other organisations may also access and use this information to prevent fraud and money laundering, for example, when: - Checking details on applications for credit and credit related or other facilities. - Managing credit and credit related accounts or facilities. - Recovering debt. - Checking details on proposals and 6
claims for all types of insurance. - Checking details of job applicants and employees. 5.4 We and other organisations may access and use from other countries the information recorded by fraud prevention agencies. 5.5 If other criminal activity is identified, details will be passed to the relevant authorities 6 Market Research: To carry out statistical analysis and market research, or to instruct a third party to perform this on our behalf. 7 Security and Service Improvement: We may record telephone conversations for additional security, to help resolve complaints and improve our service standards. Conversations may also be monitored for staff training purposes. 8 Miscellaneous: 8.1 Under the Data Protection Act 1998 you have the right of access to personal information we hold about you on our records for a nominal fee (currently 10.00). You can exercise this right by writing to the Data Protection Unit, AIB Group (UK) p.l.c., First Trust Centre, 92 Ann Street, Belfast, BT1 3HH. 8.2 If any of your personal information held by us is inaccurate or incorrect, please let us know and we will correct it. There is no fee for such corrections. 8.3 If you want details of the Credit Reference Agencies, Fraud Prevention Agencies, Debt Collection Agencies or other third parties we use, please contact us. 8.4 If you decide to proceed with this product/service or have any other communication with us through or in relation to our products and services, you consent to the use by us of your personal data as indicated above. 3. ibusiness Banking (ibb) 3.1 Payment details Using the ibb payments log, you can see a list of all payments you have made through ibb from your accounts. The details displayed for each payment include the amount paid, the date the payments went out of your account, the reference, and the details you gave for the person or organisation receiving the money when you originally set the payment up. 3.2 Payment information A new payments information link is available on the ibb navigation menu. This link has a drop-down menu which provides the following information for both domestic payments and international payments (a) The maximum execution time for each type of payment (that is, how long it will take for the money to get to the person or organisation you are paying see condition 4 below). (b) The currency cut-off time (that is, the latest time we will accept a payment request for us to transfer funds in the currency to the person or organisation you are paying see condition 4 below). (c) The exchange rate we will apply to a payment if you have not already agreed a rate with us. 4. Maximum timeframes for making payments We will pay a Direct credit into an account with another bank in the UK no later than the next banking day after we receive your payment instruction. We can extend the period by a further banking day for paper transactions. The timeframes and cut-off times are listed opposite. For ibusiness Banking timeframes and cut off times please refer to the payment information pages contained within ibb menu tree. 7
Type of payment Direct debit Bacs direct credit Direct credit Standing order CHAPS payment International payment Cash lodgment in a First Trust Bank or Allied Irish Bank (GB) branch to a First Trust Bank or Allied Irish Bank (GB) credit card Account Non cash credit card payment in First Trust Bank (This does not apply to paper transactions) Online banking payments to a First Trust Bank credit card account Credit transfer Cheque 5. Payment cut-off times Timeframe Three banking days Three banking days Same banking day Same banking day Same banking day Depends on the currency and whether the payment is standard or urgent Immediate Close of business of next banking day Same banking day Three banking days Six banking days 5.1 Details of the cut off times for the payment services available to you on your Account are set out below. 5.2 If we receive a request for a payment service after the cut off time on any banking day, it will be deemed to be received on the next banking 5.3 If we receive a request for a payment service on a bank holiday, it is deemed to be received on the next banking day. 5.4 If we receive a request for a payment service which is future dated, it is deemed to be received on the day agreed for payment. Where this is not a banking day, it will be treated as received on the next banking day. 5.5 Where we refuse to make a payment in accordance with your payment instructions, we will treat the instructions as if they had not been received for the purposes of calculating payment timescales. Note: For a full list of the currencies in which we make payments, the timeframes within which we must make the payments and the payments cutoff times, please ask us. Type of payment Direct debit Bacs direct credit Faster payments service Direct credit through Online Banking Standing order CHAPS payment through your branch CHAPS payment through ibb International payment Credit transfer Cut-off time 5pm 5pm 5.30pm 6.00pm Allow five banking days for the payment to be set up if you are going through your branch. You can set up these payments yourself using Online Banking. 3.30pm 3.45pm Depends on the currency 4.30pm 8
6. Authorised payments 6.1 Before we carry out any transaction on your account, these must be authorised by you in one of the following ways: (a) BACS Direct Credit you must supply us with a valid account number and sort code for the account to which the transfer is to be made along with the date and amount of the transfer and any identity details which we require so that the transfer completes successfully. (b) Direct credit means transferring funds (in pounds sterling) from one bank account to another within the UK. (c) CHAPS payment you must supply us with a valid Account number and sort code for the Account to which the payment is to be made, along with the date and Amount of the payment and any identity details which we require so that the transfer completes successfully. (d) Credit transfer you must supply us with pre-encoded credit transfer form which has a valid account number and sort code for the account to which the transfer is to be made along with the date and amount of the credit transfer and any identity details which we require so that the credit transfer completes successfully. (e) Direct debit you must include your account number and sort code and reference number (if available) in the signed direct debit mandate between you and the payee to allow us to properly execute your direct debit payment request. We will treat each instruction for the other person as having been authorised by you. (f) Standing order you must supply a valid account number and sort code for the account which you want to make the payment to and payee details and a reference number (if available) to ensure the standing order completes successfully. (g) Cash withdrawal by signing a withdrawal receipt which you are required to sign at the time of withdrawal. You may also be required to show an item of identification which must be an unexpired Government document bearing your signature, such as a passport, drivers licence or identification card. (h) Cash lodgment you must sign a lodgment receipt at the time of the cash lodgment or by making a lodgment with your card using your PIN. 6.2 In cases where you have authorised us to make a payment from your account you may be entitled to a refund if: (a) the authorisation you gave did not specify the exact amount of the payment; and (b) the payment made from your account was more than reasonably expected, taking into account your previous spending pattern, the terms and conditions of your account and the circumstances surrounding the payment. 6.3 To apply for a refund, you must tell us without undue delay if either or both of the above happen and, in any case, no later than eight weeks after the amount is taken from your account. 6.4 You are not entitled to a refund where: (a) You have given consent directly to the payment service provider for the transaction; and (b) Information on the transaction was provided or made available in an agreed manner to you by the payment service provider at least four weeks before the due date. 9
6.5 The Direct Debit Guarantee Scheme is not affected and will continue to protect payments you make by direct debit. responsible for making the payment in accordance with the payment details that we asked for. 6.6 If condition 6.2 applies, we will either refund you the full amount of the payment or provide justification for refusal of your request for a refund within 10 banking days of receiving a request for the refund. You can complain to the Financial Ombudsman Service if you are not satisfied with this decision. 7.4 You are not entitled to a refund from us under condition 7.1 if the payee s payment service provider receives the payment amount. If that happens, you must ask the payee to seek a refund directly from its payment service provider. We will, however, make immediate efforts to trace the payment and notify you of the outcome. 7. Payments made without authority or incorrectly executed payments 7.1 If an unauthorised or incorrectly executed payment has been made from your account, you must notify us without undue delay. If we fail to execute a payment and you are eligible for a refund under condition 7.1 we will, without undue delay, put your account back into the position it would have been in had the payment been correctly executed and reimburse you for any charges you have incurred and interest you have been charged by us for the incorrect execution. 7.2 You will only be entitled to redress for an unauthorised or incorrectly executed payment if you tell us of the transaction without undue delay and, in any event no later than 13 months after the debit date. 7.3 You are not entitled to a refund under condition 7.1 if you provided us with incorrect payment details (for example, you provided us with the wrong account number or sort code for the payee) and we used this for the execution of the payment, but we will make reasonable efforts to recover the funds involved in the payment. We may charge you for any such recovery and details of the charges will be advised prior to such recovery. Where you supply information in addition to the payment details that we ask for, we will only be 7.5 We may stop any transaction on your account on reasonable grounds relating to: (a) the security of the account. (b) the suspected unauthorised or fraudulent use of the account. (c) in the case of a payment service with a credit line, a significantly increased risk that you may be unable to fulfil your liability to pay. We will notify you either verbally or in writing when we have done this at the earliest opportunity, and in any event no later than the end of the third banking day following the time of receipt of your instructions (unless it is unlawful for us to do so or would compromise are reasonable security measures). Following receipt of this notification, you may contact us (see section A, 1. contacting us). 7.6 If you disagree with a transaction we have made on your account and we refund this transaction, you must pay us back any refund you have claimed and we have the right to take this money from your account if following our investigations, we find that you: (i) agreed the transaction; (ii) have acted fraudulently or with gross negligence; (iii) do not tell us about the claim in line with your terms and conditions; 10
(iv) do not give us any information we ask for about your claim; or (v) do not send us the refund application form within 14 days from the date you first told us about the claim. 7.7 We will not normally return payments made into your account. However, in certain limited circumstances, we may have a duty to do so. Should we need to return a payment made on your account and you have a question about the returned payment, we will provide you with a reason. 8. Fraud prevention We may take whatever action we consider appropriate to meet our responsibilities in the UK or elsewhere in the world, to prevent fraud, money laundering or terrorism. People who governments believe to be involved in criminal activity may be put onto a sanctions list and financial institutions are not allowed to provide financial and other services to them. The action we take may include investigating and stopping payments into and out of an account and making enquiries to find out whether a person has a sanction against them or if the payment goes against our policies. For more information, please see our website at www.firsttrustbank.co.uk. Making enquiries or investigating payments can take time and this may mean there is a delay or we may not be able to go ahead with your instructions. 9. Making a complaint - customers of First Trust Bank If at any time you are dissatisfied with our service please let a member of staff in your branch (or service outlet) know, giving them the opportunity to put things right as quickly as possible. If you wish to make a complaint you may do so in person, by telephone, in writing and by email. Please be assured that all complaints received will be fully investigated. You can register a complaint through our contact centre, our branches, our website, by phone, by email or in person at your branch. We ask that you supply as much information as possible to help our staff resolve your complaint quickly. We ask that you provide the following information: your name, address, Sort Code and Account Number. a summary of your complaint. if feasible, any relevant documentation. We value your feedback and will try to resolve your complaint as soon as possible. In the event that your complaint cannot be resolved to your satisfaction you may have the right to refer the matter to the Financial Ombudsman Service. You must refer your complaint to the Financial Ombudsman Service within six months from the date of our final response letter. You can contact them at: Financial Ombudsman Service Exchange Tower London E14 9SR Telephones: 0800 023 4567 +44 20 7964 1000 (for calls from outside the UK) Email: complaint.info@financial-ombudsman.org.uk Website: www.financial-ombudsman.org.uk Important Information All the information contained in these terms and conditions is correct at the time of printing. If there are any further changes to your terms and conditions which are to your detriment we will communicate these changes to you two months before the changes become effective. 11
Section B Terms and Conditions for Business Current Accounts These terms and conditions apply to any Business Current Account, Managed Account or Business Access Account ( Account ) held by a business customer (referred to as you and your ) with AIB Group (UK) p.l.c., trading as First Trust Bank, its successors and assigns (referred to as the Bank, we, us and our ). AIB Group comprises Allied Irish Banks p.l.c., its subsidiaries and associated companies from time to time including AIB Group (UK) p.l.c. As the account holder you have agreed to be bound by these terms and conditions. You will receive a copy of these terms and conditions when you open an account and at any time you ask or by contacting the bank at any time. 1. Paying money in 1.1 We will accept for credit to your account all cash, cheques and other items payable as follows: - Sole trader - to you or your trading name* - Partnership - to any or all partners or your trading name* - Limited Liability Partnership - to the LLP or its trading name* - Company - to the company or its trading name* - Club, society, association, trustee, charity or other group - to the name of the organisation *Cheques made payable to your trading name will only be accepted when a suitable indemnity has been completed. Cheques marked account payee will only be accepted for credit to the account of the payee. 1.2 Any funds you pay into your bank account in cash or through an electronic payment, in the same currency as the account, will be available to you on the banking day we receive them. If your account earns interest, this will start from the date the cash or electronic payment is lodged to your bank account and will be calculated on the closing balance of your account. 1.3 We will make information about individual payments made into and out of your account available at all times (apart from occasional maintenance downtimes) through our contact centre, our branches and ibb. You will also find the information on your statement. 1.4 Value for cheques lodged is not given until they become cleared in accordance with banking practice. Full details of the clearing times for cheques drawn in the United Kingdom can be found in the price list for business customers, available in all our branches and on our website www.firsttrustbank.co.uk/business or by calling our helpline. 1.5 We will not be liable for any losses which you may incur as a result of a delay in the clearing or collection of cheques, where this delay is outside our control. 1.6 The bank may reverse any entry on the account if any item credited to the account is not paid or if a payment credited to the account is subsequently recalled. 2. Taking money out 2.1 There are a number of ways you can give us permission to make a payment. How you do this will depend on the type of payment you want to make. If you sign a direct debit form, or if you use the ibb services to create payments, we take this as you giving permission. Other forms of permission include a written letter of instruction and filled-in and signed application forms. 12
For full details on how to how to authorise each payment, please see section A, condition 6.1. 2.2 Withdrawals may be made at any of our branches, subject to suitable identification and to withdrawal requests being made in accordance with the latest signing instructions (mandate) governing the operation of the account and the availability of cleared funds in your account. Parties to a joint account will be jointly and severally liable for any balance owing and for any debts arising from withdrawals by any party to the account. 2.5 If direct debits or standing orders are set up on the account, you must have sufficient cleared funds in the account when they are due. We have the right at all times to cancel a direct debit or standing order if there is insufficient funds in your account when the payment is due. Standing orders and direct debits cannot be set up on a Business Access Account. 2.6 In the event that the recipient of a regular payment made by you switches their bank account to another provider we will amend the account details with the recipient s new financial account details on your behalf. 2.3 You are expected to keep your accounts in credit at all times, unless you have previously arranged with us to have an overdraft facility. You can lodge cleared funds to your account up to 3pm (12pm on Christmas Eve, if it is a Banking day) to cover any payments due from your account that day. If the cleared balance or the overdraft limit is insufficient, some or all of the debit transactions may not be paid. 2.4 If we pay an item drawn on your account which would create an unauthorised debit balance, or increase the debit balance to an amount in excess of the authorised limit, this will not commit us to paying any further items up to any such amount in the future. If you wish to exceed your agreed limit for a short period you should discuss this with us in advance. We will consider your request and tell you whether or not this is acceptable to us. If your account is in excess of the agreed limit, higher than usual interest charges and fees will apply, details of which can be found in our price list for business customers, available in all our branches and on our website www.firsttrustbank.co.uk/business or by calling our Helpline. 2.7 We may choose to make security checks from time to time, including making phone calls to you or your authorised representative. We have the right to delay or not authorise a payment if: - we are suspicious that you have not authorised the payment or it is fraudulent; or - you plan to fund the payment by a credit facility we have provided, and making the payment would significantly increase the risk that you may not be able to repay the credit facility. We will not be responsible for any delay or failure in making any payment for the reasons above. 2.8 When you give instructions for us to make a CHAPS payment, the funds will be in the bank account of the person or organisation you are paying before the close of business on the same day. We will take all our charges for making the CHAPS payment from your account. We are no longer allowed to take our charges from the amount being paid. The person or organisation receiving the payment will also be responsible for all charges made by their own bank. 13
2.9 If we accept a payment instruction and we are unable to carry out the transaction for any reason, we will let you know about this, unless we cannot tell you because of a law or regulation. 2.10 We may use intermediary or agent banks and clearing and settlement systems of our choice to make any payments. If we provide you with services which are not covered by the Payment Services Regulations, we will not be responsible for any delay or failure caused by any intermediary or agent bank or any clearing or settlement system. 3. Recalling or cancelling a payment 3.1 Once we have processed your payment instruction, you cannot cancel it. However, if you need to amend or cancel an instruction that you have given us before we process it, we will try to make your change if it is possible. If you need to amend or cancel a payment instruction, you should give details to your branch in writing, by phone or by another method that we will tell you at the time. You will be responsible for any extra fees, expenses and exchangerate losses which are caused by amending or cancelling a payment instruction and for the costs of any payment investigation you ask us to carry out. If we make a payment from your account against money which has not yet cleared, it does not mean we will do it again in the future. If we receive a request to refund a payment which has been credited to your account, we will contact you before authorising the refund. To cancel a direct debit you must send the cancellation in writing simultaneously to the originator and the bank. To cancel a standing order you must send the cancellation in writing to the bank. This cancellation must be received by the bank not later than the end of the banking day before the date the payment is due to be made. 3.2 Any cheque, except where the cheque has already been paid, may be stopped by contacting your branch. 3.3 The bank reserves the right to charge you for cancelling or recalling any payment referred to in 3.1 and 3.2 above. For details of fees and charges, please see section B, condition 5. Note: Condition 3 does not apply to Visa business cards. 4. Interest and exchange rates 4.1 (i) The interest rates applicable to the account are made available to you when you open the account. The interest rates are variable. If we change the interest rates and these are to your detriment we communicate these changes to you two months before the changes become effective with the exception of changes to sterling Reference Interest Rate changes as detailed in 4.1 (ii) below. Interest rates for agreed overdrafts are advised at the time of authorisation. Credit interest rates for Managed Accounts and Business Access Accounts are also available on our website www.firsttrustbank.co.uk/business (ii) If our sterling interest rates are linked to a sterling Reference Interest Rate, we can change our sterling interest rates immediately and without notice. (For changes to non-sterling Reference Interest Rates see the Customer Treasury Services terms and conditions). 4.2 Debit interest is calculated daily on the debit balance of the account. 4.3 Credit interest on Managed Accounts and Business Access Accounts, following deduction of tax at the appropriate rate, where applicable under current legislation, is calculated on a daily basis on the cleared 14
15 balance of the accounts. It is calculated in mid-march, June, September and December and credited to the account. Where credit interest and debit interest are applicable during a quarterly interest period, the amounts are netted before being applied to the account. 4.4 If the bank has given you written approval that balances in different current accounts can be combined for interest purposes, setoff interest applies. Set-off interest at 1% per annum is calculated daily, on any credit balances set-off against debit balances, and/ or on any debit balances set-off against credit balances, which ever is the lesser. This set-off interest is in addition to any interest calculated on the net debit balance at the appropriate interest rate. 4.5 Excess interest, where it applies, is calculated at 1.5% per month (minimum of 2 per month) in the following circumstances: (a) If your account balance is maintained in credit or within an agreed overdraft facility, excess interest is not charged. (b) If your account goes overdrawn without you first having received agreement from the Bank you will be charged excess interest on the overdrawn account balance, plus any uncleared funds. (c) If you exceed an existing overdraft facility you will be charged excess interest on that portion of the overdrawn account balance, plus any uncleared funds which are in excess of the agreed facility. (d) If your overdraft facility has expired you will be charged excess interest on the overdrawn account balance, plus any uncleared funds. 4.6 Taxation of interest, where applicable, interest will be paid net after deduction of tax at the appropriate rate under current legislation. If you are a higher rate taxpayer, you may have additional tax to pay. Tax legislation may change. Interest will be paid gross, without deduction of tax, to UK residents who are not liable to tax and who have provided us with the completed registration form required by HM Revenue & Customs. Interest will be paid gross, without deduction of tax, on excluded accounts. 4.7 Our currency exchange rates are displayed in our branches. Some of the currency exchange rates are also available on our website, and you can also phone our contact centre or your branch for details. We can change our exchange rate immediately and without notice. 5. Fees and Charges 5.1 We will have given you details of all our charges when you opened your account or received your credit card. If you would like another copy of this information, please contact your branch or visit us at www.firsttrustbank.co.uk 5.2 Fees and charges will be levied in accordance with the details contained in the price list for business customers as published from time to time and which is available at all our branches. If the fees or charges increase we will communicate notice of the increase to you at least two months before the increases becoming effective. 5.3 Fees and charges accrued during the charging period will be advised to you at least fourteen days before they are charged to your account. 6. Operating the account 6.1 You must take all reasonable care in writing cheques so as to prevent alterations or forgery. You must immediately advise us of the loss or theft of a cheque or cheque book.
6.2 If we receive one of your cheques for payment that is more than six months old, we do not have to pay it. 6.3 Cheques drawn on the account remain our property at all times. Copies of paid cheques, which are retained by us for six years, can be supplied on request on payment of a fee. 6.4 You should at all times operate the account in credit unless otherwise agreed by us. No overdraft or credit facilities of any description will be provided on the account to anyone under 18 years of age. Overdraft facilities will not be available on Business Access Accounts. 6.5 We may without prior notice to you apply any credit balance (whether or not then due and in whatever currency) which is at any time held by any of our offices or branches for your account in or towards satisfaction of any sum then due and payable from you under any loan and/or overdraft and in respect of which default in payment has occurred. We may use any credit balance held in your sole name against any amount you owe jointly with any other account holder(s). We may use any credit balance held by you jointly with any other account holder(s) against any amount you owe in your sole name. We will notify you of such application. For the purposes of exercising any rights under this clause or any rights under the general law, we may convert or transfer all or any part of such credit balances into another currency, applying an exchange rate which in our opinion fairly reflects prevailing rates. In these terms and conditions, rights under the general law means any right of set off, combination or consolidation of accounts, lien or similar rights which we have under any applicable law. In relation to debit and credit balances on any accounts which form part of a global facility to more than one borrower, (a relevant account ) we will be entitled to set-off and apply all credit balances on any relevant account in or towards satisfaction of any debit balances on any other relevant account at any time after any default by any borrower with a relevant account. This section 6.5 does not apply to accounts designated to hold clients funds. 6.6 Cheque books issued for use on the account shall at all times remain our property and shall be returnable on demand. You shall take all reasonable care that cheque books are not misused, lost or stolen. If your cheque book is lost or stolen, you must tell us without undue delay. 6.7 You can choose how statements can be made available to you (at least monthly and free of charge) by availing of one of these options: (a) by logging on to ibb. This will show you all the payment information you currently receive on your paper statements; (b) by contacting your branch; (c) by requesting that you receive monthly paper statements. Please contact your branch to arrange this. If we do not hear from you we will assume you will either log on to ibb, or if you do not have ibb, obtain a statement from your branch. You can change the method in which you wish to obtain your statements at any time. Simply contact your branch. Regardless of what method you chose to obtain a statement, we will send you a statement regularly. 6.8 You should check the transactions on your statement regularly, and at least once a month, against your account records. If there is an entry which seems to be 16
unauthorised or incorrectly executed, you should tell us without undue delay and in any event no later than 13 months after the debit date. However if any of the matters in section A, condition 7.1 apply, you must bring them to our attention without undue delay and in any event no later than eight weeks after the amount is taken from your account. 6.9 You are required to inform us in writing at least seven days in advance of any change in your name or business address and also to ensure that arrangements for receiving mail at your address are secure. Failure to comply with this condition may result in the account holder being made liable for any misuse of the account or cheques. 6.10 Where an account is overdrawn, separate and additional terms and conditions relating to overdrafts will apply. 7. Closure of the account 7.1 Your account has no minimum term and remains open until it is closed by you or us in accordance with these terms and conditions. 7.2 Notwithstanding condition 9.12, you may close the account by giving reasonable notice to us in writing. If we close the account, we will give you at least two months notice in writing. We can close the account immediately in any of the following circumstances: (a) if an encumbrancer takes possession of, or a receiver, administrator, administrative receiver, liquidator, trustee, manager or similar officer is appointed over all or any part of your business or assets; (b) if you are unable to pay your debts, within the meaning of s. 103 of the Insolvency (NI) Order 1989, or if you are the subject of an administration order or if you make or offer to make any voluntary arrangement or composition with your creditors or if you suffer a material change in your financial position which adversely affects your ability to perform your obligations in connection with the account; (c) if you pass a resolution for, or are the subject of, a court order for your liquidation, whether compulsory or voluntary, except for the purposes of solvent amalgamation or reconstruction; (d) if you cease, or threaten to cease to carry on business; (e) if any representations, warranties or statements made by you to us in connection with the account are breached or are untrue in any material respect; (f) if you commit any serious or repeated breach of these terms and conditions; (g) if you are in breach of any other agreement with us; (h) to enable us to comply with the law. If we take such action we will immediately give you notice of this in writing. 7.3 Upon closure of the account, all sums owing shall become immediately due and payable. Debit interest, fees and charges will be charged up to the date of closure and cheque books should be returned to us. 7.4 If you decide to transfer your account to another bank or building society using the Current Account Switch Service, we will give your new bank or building society information about your standing orders, direct debits and bill payments on the second banking day of the account switching process, at the latest. 17
8. Death of the account holder (Sole traders and Partnerships) 8.1 Sole traders upon notification of your death, we will return unpaid cheques presented for payment. The account can then be closed by the executors or administrators of your estate on receipt by us of letters of probate or administration. 8.2 Where a partnership consists of three or more partners, the death of one partner will cause the partnership to automatically dissolve which means that it will no longer exist, unless there is a partnership agreement in place which contains provisions to the contrary. You should therefore provide us with a copy of any partnership agreement which affects you. Where a partnership consists of only two partners, the death of one of the partners will cause the partnership to be automatically dissolved. The account will therefore cease to operate from the date of death. 9. General 9.1 If the account is a joint account, these terms and conditions apply to you jointly and severally, that is they apply to all of you together as well as to each of you separately. 9.2 You should take all reasonable steps to keep details of your account secret and safe at all times and take all reasonable precautions to prevent unauthorised or fraudulent use of them. 9.3 If we are prevented (directly or indirectly) despite all efforts to the contrary from carrying out any of our obligations under these terms and conditions because of: (a) fault which has happened in any transmission link; or (b) an industrial dispute; or (c) anything outside our control or that of our agents or subcontractor,we will not be liable for this. 9.4 We will be liable for the amount of any transaction, together with any interest and charges, where faults have occurred in ATMs or other systems used, which were not obvious or subject to a warning message or notice at the time of use. 9.5 All demands or notices issued in writing in connection with the account will be sent by post to the last address notified by you, and provided we send it to that address it shall be deemed to have been duly served and received on the day that the envelope containing the demand or notice should have been received. 9.6 Some services associated with your account, including overdrafts, have specific terms and conditions. These will apply in addition to these terms and conditions. 9.7 If we choose not to enforce any term, or we cannot enforce any term which applies to the account, this will not affect our right to: (a) subsequently enforce that term; or (b) enforce any of the remaining terms. 9.8 We reserve the right not to open an account or to refuse to take a lodgment or a deposit where we have a valid reason for so doing. 9.9 Unless expressly agreed in writing, the bank does not hold itself responsible for providing advice or indicating the suitability of products. 9.10 These terms and conditions are written in English and all our communication will be in English. 18
9.11 These terms and conditions are governed by the laws of Northern Ireland and in the event of a dispute the courts of Northern Ireland shall have exclusive jurisdiction. 9.12 We reserve the right at all times to amend, vary or supplement these terms and conditions as a result of a change in the law, regulations or good practice, customer feedback or product development or for such other valid reasons as are advised to you at the time of notification of the change. If we want to make a change to your terms and conditions, and these changes are to your detriment, we will communicate these changes to you at least, two months before the changes become effective (unless, by law or regulation, we are able to give you shorter notice), except for changes to reference interest and exchange rates, as explained in condition 4 above. Unless we hear otherwise from you during the notice period, we will assume that you are happy to accept the amended terms and conditions. If you are not happy, you have the right to end your agreement with us. At any time up to two months from the date of the notice you may, without notice, switch your account or close it without having to pay any extra charges or interest for doing this. On receipt of such notification you may terminate the relationship in accordance with condition 7.2, subject to your immediately repaying all amounts outstanding. However, if you continue to hold your account after this time, you will be considered to have accepted the relevant changes. 19
Section C Terms and Conditions for Business Select Accounts These terms and conditions apply to any business Select account, ( account ) held by a business customer (referred to as you and your )with AIB Group (UK) p.l.c., trading as First Trust Bank, its successors and assigns (referred to as the bank, we, us and our ). AIB Group comprises Allied Irish Banks p.l.c., its subsidiaries and associated companies from time to time including AIB Group (UK) p.l.c. As the account holder you have agreed to be bound by these terms and conditions. You will receive a copy of these terms and condition when you open an account and at any time you ask, or by contacting the bank at any time. 1. Paying money in 1.1 We will accept for credit to your account all cash, cheques and other items payable as follows: - Sole trader - to you or your trading name* - Partnership - to any or all partners or your trading name* - Limited Liability Partnership - to the LLP or its trading name * - Company - to the company or its trading name* - Club, society, association, trustee, charity or other group - to the name of the organisation *Cheques made payable to your trading name will only be accepted when a suitable indemnity has been completed. Cheques marked account payee will only be accepted for credit to the account of the payee. 1.2 Value for cheques lodged is not given until they become cleared in accordance with banking practice. Full details of the clearing times for cheques drawn in the United Kingdom can be found in the price list for business customers available in all our branches and on our website www.firsttrustbank.co.uk/business or call our helpline. 1.3 We will not be liable for any losses which you may incur as a result of a delay in the clearing or collection of cheques, where this delay is outside our control. 1.4 The bank may reverse any entry on the account if any item credited to the account is not paid or if a payment credited to the account is subsequently recalled. 2. Taking money out 2.1 Withdrawals may be made without notice or penalty at any of our branches, subject to suitable identification and to withdrawal requests being made in accordance with the latest signing instructions (mandate) governing the operation of the account and the availability of cleared funds in your account. Parties to a joint account will be jointly and severally liable for any debts arising from withdrawals by any party to the account. 3. Recalling or cancelling a payment 3.1 Generally, you cannot recall a payment once you have authorised it unless you have asked us to make a payment at a future date (for example, by direct debit or standing order). In this case, you can cancel the payment up to the end of the banking day before the date the payment is due to be made. However, we can only recall or cancel the payment if you have given us your permission in writing. This cancellation must be received by the bank not later than the end of the banking day before the payment is due to be made. 20
3.2 The bank reserves the right to charge you for cancelling or recalling any payment referred to in 3.1 above. Note: Condition 3 does not apply to Visa business cards. 4. Interest and exchange rates 4.1 (a) The interest rates applicable to the account will be made available to you when you open the account. The interest rates are variable. Different interest rates may apply to specified rate bands and details of the rates applicable will be given to you when you open the account. If we change the interest rates and these are to your detriment we will communicate these changes to you two months before the changes become effective with the exception of changes to sterling Reference Interest Rates as detailed in 4.1(b) below. (b) If our sterling interest rates are linked to a sterling Reference Interest Rate, we can make changes immediately and without notice. (For changes to nonsterling Reference Interest Rates see the Customer Treasury Services terms and conditions). 4.2 Interest, following deduction of tax at the basic rate, where applicable under current legislation, will be calculated on a daily basis and credited to the account at the close of business on or about 1st April each year. Interest will be paid without deduction of tax on excluded accounts and to nontaxpayers who have provided us with the registration form required by HM Revenue & Customs. If you are a higher rate taxpayer, you may have additional tax to pay. Tax legislation may change. 4.3 Our currency exchange rates are displayed in our branches. Some of the currency exchange rates are also available on our website, and you can also phone our contact centre or our branches for details. We can change our exchange rate immediately and without notice. 5. Operating the account 5.1 The account must be operated in credit at all times. 5.2 You can choose how statements can be made available to you (at least monthly and free of charge) by availing of one of these options: (a) by logging on to ibb. This will show you all the payment information you currently receive on your paper statements; (b) by contacting your branch; (c) by requesting that you receive monthly paper statements. Please contact your branch to arrange this. If we do not hear from you we will assume you will either log on to ibb, or if you do not have ibb, obtain a statement from your branch. You can change the method in which you wish to obtain your statements at any time. Simply contact your branch. Regardless of what method you chose to obtain a statement, we will send you a statement regularly. 5.3 You should check the transactions on your statement regularly, and at least once a month, against your account records. If there is an entry which seems to be unauthorised or incorrectly executed, you should tell us without undue delay and in any event no later than 13 months after the debit date. However if any of the matters in section A, condition 7.1 apply, you must bring them to our attention without undue delay and in any event no later than 8 weeks after the amount is taken from your account. 21
5.4 You are required to inform us in writing at least seven days in advance of any change in your name or business address and also to ensure that arrangements for receiving mail at your address are secure. Failure to comply with this condition may result in the account holder being made liable for any misuse of the account. 5.5 We may without prior notice to you apply any credit balance (whether or not then due and in whatever currency) which is at any time held by any of our offices or branches for your account in or towards satisfaction of any sum then due and payable from you under any loan and/ or overdraft and in respect of which default in payment has occurred. We will notify you of such application. This section 5.5 does not apply to accounts designated to hold clients funds. For the purposes of exercising any rights under this clause or any rights under the general law, we may convert or transfer all or any part of such credit balances into another currency, applying an exchange rate which in our opinion fairly reflects prevailing rates. In these terms and conditions, rights under the general law means any right of set off, combination or consolidation of accounts, lien or similar rights which we have under any applicable law. In relation to debit and credit balances on any accounts which form part of a global facility to more than one borrower, (a relevant account ) we will be entitled to set-off and apply all credit balances on any relevant account in or towards satisfaction of any debit balances on any other relevant account at any time after any default by any borrower with a relevant account. 6. Closure of the account 6.1 Your agreement has no minimum term and remains open until it is closed by you or us in accordance with these terms and conditions. 6.2 Notwithstanding condition 8.11, you may close the account by giving reasonable notice to us in writing. If we close the account, we will give you at least two months notice in writing. We can close the account immediately in any of the following circumstances: (a) if an encumbrancer takes possession of, or a receiver, administrator, administrative receiver, liquidator, trustee, manager or similar officer is appointed over all or any part of your business or assets; (b) if you are unable to pay your debts, within the meaning of s. 103 of the Insolvency (NI) Order 1989, or if you are the subject of an administration order or if you make or offer to make any voluntary arrangement or composition with your creditors or if you suffer a material change in your financial position which adversely affects your ability to perform your obligations in connection with the account; (c) if you pass a resolution for, or are the subject of, a court order for your liquidation, whether compulsory or voluntary, except for the purposes of solvent amalgamation or reconstruction; (d) if you cease, or threaten to cease to carry on business; (e) if any representations, warranties or statements made by you to us in connection with the account are breached or are untrue in any material respect; (f) if you commit any serious or repeated breach of these terms and conditions; (g) if you are in breach of any other agreement with us; (h) to enable us to comply with the law. 22
If we take such action we will immediately give you notice of this in writing. Upon closure of the account, interest will be credited up to date and all cards held should be returned to us. 7. Death of the account holder (Sole traders and Partnerships) 7.1 Sole traders: upon notification of your death, the account can be closed by the executors or administrators of your estate on receipt by us of letters of probate or administration. 7.2 Where a partnership consists of three or more partners, the death of one partner will cause the partnership to automatically dissolve which means that it will no longer exist, unless there is a partnership agreement in place which contains provisions to the contrary. You should therefore provide us with a copy of any partnership agreement which affects you. Where a partnership consists of only two partners, the death of one of the partners will cause the partnership to be automatically dissolved. The account will therefore cease to operate from the date of death. 8. General 8.1 If the account is a joint account, these terms and conditions apply to you jointly and severally, that is they apply to all of you together as well as to each of you separately. 8.2 You should take all reasonable steps to keep details of your account secret and safe at all times and take all reasonable precautions to prevent unauthorised or fraudulent use of them. 8.3 If we are prevented (directly or indirectly) despite all efforts to the contrary from carrying out any of our obligations under these terms and conditions because of: (a) a fault which has happened in any transmission link; or (b) an industrial dispute; or (c) anything outside our control or that of our agents or subcontractors, we will not be liable for this. 8.4 We will be liable for the amount of any transaction, together with any interest and charges, where faults have occurred in ATMs or other systems used, which were not obvious or subject to a warning message or notice at the time of use. 8.5 All statements, demands or notices in writing (if this is the method by which you have chosen to receive to your statement) in connection with the account will be sent by post to the last address notified by you, and provided we send it to that address it shall be deemed to have been duly served and received on the day that the envelope containing the demand or notice should have been received. 8.6 If we choose not to enforce any term, or we cannot enforce any term which applies to the account, this will not affect our right to: (a) subsequently enforce that term; or (b) enforce any of the remaining terms. 8.7 We reserve the right not to open an account or to refuse to take a lodgment or a deposit where we have a valid reason for so doing. 8.8 Unless expressly agreed in writing, the bank does not hold itself responsible for providing advice or indicating the suitability of products. 23
8.9 These terms and conditions are written in English and all our communication will be in English. 8.10 These terms and conditions are governed by the laws of Northern Ireland and in the event of a dispute the courts of Northern Ireland shall have exclusive jurisdiction. 8.11We reserve the right at all times to amend, vary or supplement these terms and conditions as a result of a change in the law, regulation or good practice, customer feedback or product development or for such other valid reasons as are advised to you at the time of notification of the change. If we want to make a change to your terms and conditions, and these changes are to your detriment, we will communicate these changes to you at least two months before the changes become effective (unless, by law or regulation, we are able to give you shorter notice), except for changes to reference interest and exchange rates, as explained in condition 4 above. Unless we hear otherwise from you during the notice period, we will assume that you are happy to accept the amended terms and conditions. If you are not happy, you have the right to end your agreement with us. At any time up to two months from the date of the notice you may, without notice, switch your account or close it without having to pay any extra charges or interest for doing this. On receipt of such notification you may terminate the relationship in accordance with condition 6.2, subject to your immediately repaying all amounts outstanding. However, if you continue to hold your account after this time, you will be considered to have accepted the relevant changes. 24
Important information about compensation arrangements AIB Group (UK) p.l.c.* is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme. In respect of deposits, an eligible depositor is entitled to claim up to 85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be 85,000 each (making a total of 170,000). The 85,000 limit relates to the combined amount in all the eligible depositor s accounts with the bank, including their share of any joint account, and not to each separate account. For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim), please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call the FSCS on 0207 741 4100 or 0800 678 1100. Please note only compensation related queries should be directed to the FSCS. *AIB Group (UK) p.l.c. operates under the trading/ brand names of First Trust Bank in Northern Ireland and Allied Irish Bank (GB) and Allied Irish Bank (GB) Savings Direct in Great Britain. The FSCS limit relates to the combined amount in all the eligible depositor s accounts with all of these trading/brand names.
If you need this brochure in Braille, in large print or on audio, ring 0845 6005 925 or ask your branch. Customers with hearing difficulties can use the Text Relay service by dialling 18001 0845 6005 925. Calls may be recorded. Call charges may vary - refer to your service provider. Call into any branch Phone 0845 6005 925 www.firsttrustbank.co.uk First Trust Bank is a trade mark of AIB Group (UK) p.l.c. (a wholly owned subsidiary of Allied Irish Banks, p.l.c.), incorporated in Northern Ireland. Registered Office 92 Ann Street, Belfast BT1 3HH. Registered Number NI018800. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. FT/BB6 09/15