Day-to-Day Banking

Day to day banking

Current accounts, cards & payments

We provide a broad range of services to help you keep the management of your day-to-day finances simple, including current accounts that can be arranged with unsecured or secured overdrafts, depending on the level of borrowing you require. These accounts come with a contactless debit card, to help make small everyday purchases quick and simple. We also offer current accounts in a range of currencies, as well as charge cards in US Dollars and Euros. We also help clients with Foreign Exchange and international payments.

If you would like to hear more about our banking services, do get in touch. If you would like to transfer your banking to us, this can be easily managed using the Current Account Switch Service.

Expert support & digital banking

Many of our clients have complex financial day-to-day needs, and our Bankers are on-hand to help, whether that be in the creation of accounts for trusts or other legal entities or making urgent payments around the world, they provide a professional, efficient and quick service. Our digital banking service, which includes a banking 'app' for Apple and Android devices, enables clients to securely check balances and statements, and make payments and transfers. It also provides a secure messaging facility that allows clients to send messages and attachments to their Private Banker.

For clients who choose to keep their banking offline, our relationship-led service will always be the core of what we offer.

All borrowing is subject to status and is available to persons of 18 or over. Security might be required for borrowing in the form of a charge or standard security over land, or other forms of security over your investments or other assets. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Overdraft Calculator

The overdraft provides our client with the flexibility to borrow in case of need without having to approach the bank every time, and with interest only payable on the amount actually borrowed on a daily basis. Use this calculator to estimate how much an overdraft might cost you.

Amount

Overdraft type

Term

The results show how much interest you will pay along with the indicative arrangement fee and the total sum to be repaid.

You selected an overdraft of £ at a rate of %, over a term of days

ARRANGEMENT FEE £

INTEREST PAYABLE £

TOTAL REPAID £

Assumptions and explanatory notes: The calculator is for use by personal current account clients only

"Base rate" refers to the current Bank of England Base rate

The amount range on the calculator is £1,000 to £1,000,000 and the term range is 1 to 31 days. If you require borrowing outside of these parameters please contact your Private Banker

There is no arrangement fee up to and including £10,000. The indicative arrangement fee above this is 1% of the overdraft limit. This will be discussed and agreed with your Private Banker during the application process.

The calculator assumes you draw down the overdraft in full on day 1, make no debits or credits to the overdraft during the term and repay it in full, including the interest and arrangement fee, at the end of the term

The calculator is provided for illustrative purposes only, and all of our overdrafts are agreed on an individual basis. Please contact your Private Banker to discuss your specific requirements

If you are not currently a client of Hampden & Co and are interested in finding out more, please do get in touch. You can use 'Get in Touch' form, send us an email or give us a call – all the details are below.

Further information regarding overdrafts for personal current account clients

Introduction

An option we provide for clients who wish to borrow money on a flexible basis are our overdrafts. We offer two different types of arranged overdraft, a secured overdraft for clients who wish to borrow larger sums of money and security is required, typically against property. We also offer unsecured overdrafts where smaller sums are borrowed. All overdrafts are typically intended for short-term use and are not generally suitable for longer-term borrowing. For both of these types of overdraft we review the arrangement with clients on an annual basis to ensure that they are still appropriate.

Arranged overdrafts

This is a borrowing limit on current accounts that we agree with clients in advance, so it is there when needed. Before establishing this type of overdraft, clients will need to contact their Private Banker to agree requirements. Clients will pay Arranged Overdraft interest on the amount of money that is borrowed, and may pay an arrangement fee for the setup of the facility which will be agreed on an individual basis. The overdraft is repayable on demand, which means you can be asked to repay the outstanding balance at any time, although we will normally give you notice.

Unarranged overdrafts

This is where clients borrow from us when there is no money left in their current account or when they have gone past the Arranged Overdraft limit, and this has not been agreed with us in advance. Clients will pay interest at the Unarranged Overdraft interest rate, unless they have an Arranged Overdraft limit where clients will continue to pay interest at their agreed rate, but will not pay any further overdraft fees.

Where clients do not have enough money in their account to cover a payment, we may refuse to make this payment and clients may then be charged an ‘Unpaid Item Fee’.

You should aim to repay your overdraft borrowing as quickly as possible and use it responsibly as any misuse may have an adverse effect on your credit record.

Following an Arranged Overdraft limit being agreed and put in place, you can request the reduction or removal of the limit at any time by contacting your Private Banker who will discuss your ongoing requirements with you.

Our Overdraft calculator (above) indicates the charges incurred by different typical overdraft arrangements.

Get in Touch

If you would like to discuss banking with Hampden & Co, please complete the form with your details. Alternatively, call us directly at the one of the numbers below. We look forward to hearing from you.