Paying in and Withdrawing

You can pay into your savings account in a number of different ways. Details of the types of payments we accept and how to arrange the payment can be found below. It is important that you also refer to individual product terms and conditions to check that payments in are allowed, and if so, by which methods.

To pay money into your Skipton account through electronic payments from a UK bank or building society, please use the bank details below:

Sort code: 20-78-42
Account number: 70798924
Reference number: Please use your 9 digit account number

We will ensure interest accrues from the day we receive the payment. The day we receive the money will depend on when the payment instruction was made to the payer’s bank or building society, and any cut-off point e.g. the point at which the instruction may be deemed to have been received the next working day (this does not include Saturdays, Sundays or English bank holidays).

CHAPS payments are guaranteed to be received and cleared by close of business on the same working day that the payer's bank or building society sends the funds, provided they are sent before the provider's cut off time. You should check with your provider as to when their cut-off time is. Please note, your provider may charge an admin fee for this service.

Faster Payments sent by other providers will be processed within 2 hours of receipt, regardless of the day or time they arrived.

You should check with your provider as to when their cut-off time is.

You can pay into your branch-based account using a debit card in any of our branches or by calling Skipton Direct.

You can also deposit into online accounts using a debit card through Skipton Online.

If you’d like to set up a Standing Order from an external UK bank or building society, to make regular payments into your Skipton account, please download the Standing Order Mandate form (PDF), complete and return to your bank or building society.

We will ensure interest accrues from the day we receive payment.

You may pay into a Skipton savings account by cheque. The cheque must be made payable to the account holders name and include the Skipton account number on the back of the cheque. 

A cheque payment will start to earn interest on the third working day, from and including the day on which the payment was made into an account (if this is a working day).

Please note, we do not accept non-sterling cheques. 

You may pay into your savings account by cash on branch-based accounts only via any of our branches. Interest accrues from the date we receive your payment.

Please note, we do not accept foreign currency.

Transfers to and from other Skipton Building Society accounts held by you are permitted subject to the terms and conditions of those accounts.

Online accounts

If you would like to set up regular payments from an online Skipton account into another Skipton account:

•    Login to Skipton Online and select the account you wish to pay out of
•    Select ‘Pay Out’ from the ‘My Account’ menu down the left-hand side and follow the instructions on screen

Branch-based accounts

If you would like to set up regular payments from a branch-based account into another Skipton account, please download the Internal Standing Order Mandate form (PDF), complete and return to the address bellow, or call into your local branch.

Write to us at:

Customer Delivery
Skipton Building Society
The Bailey
Skipton
North Yorkshire
BD23 1DN

Online accounts

If you would like to make a one off payment from an online Skipton account into another Skipton account:

•    Login to Skipton Online and select the account you wish to pay out of
•    Select ‘Pay Out’ from the ‘My Account’ menu down the left-hand side and follow the instructions on screen

Branch-based accounts

If you would like to make a one off payment from a branch-based account into another Skipton account, you can do so in any Skipton branch or by calling Skipton Direct.

If you request a transfer after 8pm, you may notice that the money appears to have left one account and not yet arrived in the other. This transfer won’t show in the account you are paying into until the next working day.

Depending on account terms, you can make a withdrawal against cleared funds from one of our branches or by post. Certain account types allow withdrawals via Skipton Direct if you have set up telephone access. If you have an online account, you can only withdraw online. Withdrawals against cheques paid into your account can be made on the seventh working day, from and including the day on which the cheque is paid in (if this is a working day). For example, a cheque paid in on a Monday will normally be available for withdrawal on the Tuesday of the following week. Withdrawals against debit card payments can be made on the third working day, from and including the day on which the payment was made into your account (if this is a working day). For example, a debit card payment made on a Monday will normally be available for withdrawal on the Wednesday of the same week.

Withdrawals against electronic payments (Faster Payments and CHAPS) can be made immediately upon receipt.

Please note, there is a 14 day withdrawal restriction on online accounts, from the date of opening.

Important information on scams

At Skipton we’re committed to helping you protect yourself against fraud.

We’re aware that individuals posing as Police, Government agencies or fraud prevention teams either at Skipton Building Society or other organisations are contacting people and encouraging them to transfer their savings to another provider while they claim to be investigating a staff fraud or similar activity.

This is a scam and the accounts the money is transferred into are controlled by the fraudster, allowing them to easily steal it. If this happens to you, please talk to us before acting. You may be told not to discuss it with us but this is part of the scam. Call us on 0345 850 1722 or visit your local branch. Please be aware that we may be unable to reclaim any funds you have willingly transferred out of your account.

There are many other different types of scams that you need to be aware of to protect yourself against fraud. Find out more.

Withdrawals checklist

In order to process any withdrawal request, the following criteria must be met:

For all accounts:

  • The account terms and conditions must permit withdrawals
  • Your withdrawal must not take your account below the minimum operating balance and there must be sufficient cleared funds in your account to cover the withdrawal.

For Online accounts:

  • You will need a registered grid card to withdraw from your account
  • The request must be outside of the 14 day withdrawal restriction period on online accounts from the date of opening.

For Branch-based accounts:

  • All instructions must be clear and all relevant details on the withdrawal form completed (this is only applicable with postal withdrawals or in branch);
  • For postal withdrawals we can accept a letter providing it has been signed by the account holder or holders;
  • Provide the passbook if you have one.
Cash withdrawals can only be made in our branch network, with a daily limit of £500. Simply visit your local branch with your account passbook to request a cash withdrawal.

Subject to the terms and conditions of your account, you may be eligible to withdraw funds electronically.

All payments must be to a UK bank or building society. Please note that some banks and building societies may be unable to accept payments through the Faster Payment or CHAPS payment methods. You can check if the recipient account is eligible by using the sort code checker at www.paymentscouncil.org.uk

Faster Payments

The Faster Payments Scheme is an electronic payment method for transactions up to the value of £100,000. If the value exceeds £100,000, the payment will be processed as a CHAPS payment.

Online accounts

To set up a faster payment for online accounts you need to:

  • Login to Skipton Online and select the account you wish to pay out of
  • Select ‘Pay Out’ from the ‘My Account’ menu down the left-hand side and follow the instructions on screen

Any online requests that are received before the payment cut-off time of 8pm will arrive in your nominated account no later than midnight of the next working day. Any requests received after 8pm will be processed the next working day.

Please note-If you are transferring into an external bank or building society account it must be a nominated account. You can set up a nominated account as part of the paying out process described above. Alternatively, you can select ‘Bank Accounts’ from the ‘My Account’ menu down the left-hand side of your Skipton Online account.

Branch-based accounts

For branch-based accounts, Faster Payments can be set up by completing the Faster Payment Authorised Bank Account Details form.

We allow Faster Payment withdrawals up to a maximum of £25,000 (subject to account withdrawal restrictions) through our branch network. If you require a withdrawal larger than £25,000 please write to us at our Principal Office using the address at the bottom of this page or, if you have set up telephone access you can call Skipton Direct.

Any withdrawal requests made over the phone after 8pm will be processed the next working day.

CHAPS Payments

If you require a guaranteed same day payment you can request a CHAPS payment by visiting your local Skipton branch or by writing to us at the address below. If you have registered for telephone access, you can also contact Skipton Direct. We will also require the 3rd party name and address, not the bank address.

Online accounts

Payments over £100,000 made online will automatically be processed using CHAPS. If you wish to request a CHAPS payment for less than £100,000 you need to send us a secure message on Skipton Online providing the details of the account you wish to transfer to. Please note we can't accept third party details when processing CHAPS online and the account you're sending funds to must be your own.

Any online requests for CHAPS payments that are received before the payment cut-off time of 3pm will arrive in your nominated account on the same day. Any requests received after 3pm will be processed the next working day.

Branch-based accounts

If you request your CHAPS payment in branch, we will need to see a piece of signed photographic ID for you, such as a passport or driving licence unless you are sending the funds to the account held in your name and address.

Any requests that are received before the payment cut-off time of 3.30pm will arrive in your nominated account no later than the close of business 5pm on the same day. Any requests received after 3.30pm will be processed the next working day.

Please note that for branch-based accounts there is an administration charge of £6.00 for a CHAPS payment, which can be deducted from your account or paid in branch upon the CHAPS payments being requested.

Withdrawals by cheque can be made through our branch network and by writing to our Principal Office. The maximum amount you can withdraw by cheque from a branch is £250,000 per day for each account. For withdrawals over £250,000, a cheque will be sent to you by post from our Principal Office in Skipton.

If your account allows it and you have set up telephone access, you can call us to request a withdrawal by cheque. If you wish to withdraw a cheque through the post then please complete our online request form, using the link below.

Request a withdrawal slip

Please note, as an extra security measure there is a 14 day withdrawal restriction on online accounts, from the day you first deposit money into your new account.

Write to us at:

Customer Delivery
Skipton Building Society
The Bailey
Skipton
North Yorkshire
BD23 1DN

Need help?

Phone Call Skipton Direct: 0345 850 1722

Mon-Thurs
8am - 8pm
Fri
8am - 5.30pm
Sat
9am - 12pm
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