Cumberland Plus

Full product details for the Cumberland Plus current account, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.

from 3 ratings

3 customers rated their Cumberland current account as 3.8 out of 5 in our 2010/2011 Consumer Finance Awards.

Customer Service

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Satisfaction with Account

Cumberland Plus Features & Benefits

Representative Example	If you use an overdraft limit of £1,200 the interest rate charged will be 9.99% EAR (variable).
Account Type	overdraft
Monthly Charge	£0	There is no monthly servicing charge.
Minimum Monthly Credit	£750	£750.00 must be paid into the account each month from an external source or a monthly underfunding fee will apply. Transfers from other personal Cumberland accounts will not count towards the monthly funding requirement, however transfers from Cumberland business accounts will count.
Interest Free Overdraft Limit	none	Not applicable.
Standard Overdraft Rate	9.99%	The authorised overdraft EAR is 9.99%.
Headline Interest Rate	0.1%	The headline interest rate is 0.10% AER.
Reward Payment	£0	No reward payment payable.
Minimum Investment	£1	The minimum investment is £1.
Internet Banking	yes	Internet banking is available.
Branch Banking	yes	This account can be operated through a branch.
Telephone Banking	no	A telephone banking service is not available, although a customer service helpline is available.
Account Promotions	no	There are no free gifts or incentives offered by the company.

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Excellent site.

Charlotte

Compare Cumberland Plus With These Current Accounts

Leeds Building Society Premier Current Account

Cheque deposit clearance time of 2 employment days is offered to customers.
New customers enjoy unlimited max high interest balance.
Customers can get £1 minimum withdrawal.
New customers can get £5 per month authorised O/D charges.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 12% EAR (variable).

Northern Bank Northern Freedom (Young Persons Account)

Have the benefit of an ATM withdrawal payment europe of £0 from this Northern Freedom (Young Persons Account).
Get 4 days cheque clearance time.
Customers get £0 cash back from Northern Bank.
20.5% unauthorised overdraft rate is offered.
£0 authorised overdraft charges is offered.
Debit card cost worldwide of 0%.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).

Northern Bank Northern Discovery (11-17 yrs)

Rate paid on withdrawals same day is available with this current account.
Customers get £1 minimum withdrawal from Northern Bank.
Customers get 2 working days cheque deposit clearance time.
£0 transaction charge.
Get a cheque clearance time of 4 days from the Northern Discovery (11-17 yrs).

Clydesdale Bank Student Account

New customers get £25 O/D buffer limit from the Student Account.
ATM withdrawal fee UK of 0 percent.
This current account has a rate free overdraft year 1 of £0.
Interest free overdraft year 2 of £0 is available with the current account.
£0 minimum additional deposit is available.
New customers will get purchase charge of £0.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 7.49% EAR (variable).

Santander Graduate Bank Account

Get £5 daily unauthorised O/D charge.
Graduate Bank Account gives a minimum withdrawal of £1.
0 percent std overdraft rate.
Standing order set up fee of £0 is offered with this current account.
£1,000 interest rate free overdraft year 2 is available with the current account.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).

Clydesdale Bank Business Choice - Charities

Coinage out per100 of £1.30.
New customers benefit from £0 charges for telephone banking from this current account.
Get an introductory interest rate of 0.25 percent from the current account.
Minimum annual turnover of £0 is available to you.
£1 minimum withdrawal is offered with Business Choice - Charities.

Application Criteria
Joint Account	yes	Joint applications are accepted.
Permanent UK Resident	yes	This product is only available to individuals who are permanent UK residents.
Minimum Monthly Credit	£750	£750.00 must be paid into the account each month from an external source or a monthly underfunding fee will apply. Transfers from other personal Cumberland accounts will not count towards the monthly funding requirement, however transfers from Cumberland business accounts will count.
Minimum Contract Term	0 months	Not applicable.
Minimum Age	18 years	The minimum age is 18 years.
Maximum Age	Unlimited	There is no maximum age limit.
Minimum Income	£0	No minimum income required to open this account.
Minimum Investment	£1	The minimum investment is £1.
Maximum Investment	£500,000	The maximum investment is £500000 for single applicants and £1,000,000 for joint.
Student Bank Account	no	This is not a student bank account.
Graduate Bank Account	no	This is not a graduate bank account.
Area Restrictions	locals only	New accounts only available to people living in Cumbria, Dumfriesshire, Preston area of North Lancashire and Haltwhistle area of West Northumberland.