St Albans District Credit Union

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St Albans District Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority

  


  © St Albans District Credit Union 2011

Application for Share Withdrawal

Surname ……………………………………………………..               Forenames …………………………………….


Current Share Balance £……………………………………               Current Loan Balance  £………………………


Please issue me with a cheque for £ ………….  and DEBIT my account Membership Number: ………………….


Note:

If you have a loan, the value of the shares you can withdraw may be restricted

All cheques are sent to the member’s home address

Please allow seven working days


Member’s signature ………………………………………..                Date …………………….


Authorised by …………………………………………(Board of Directors)    Collection Sheet No: ………………….


Cheque No ……………………………….                                                      Date sent …………………………..





I ……………………………………………………………….    (Name)


hereby acknowledge the receipt of £ ………………….   in settlement of the above share withdrawal



Signed ………………………………………………………..               Date ……………………………







If the withdrawal is by way of cash the receipt below is also to be completed

Note:


Withdrawal of some or all savings can be made by a member at any time. Whilst Credit Union rules provide a maximum period of 60 days, we aim to pay withdrawals by cheque within a week. We can normally pay out small amounts, up to £50, by cash on demand. However, this is subject to availability at the Main Office or customer centre, unless the member has made a prior arrangement for the money to be set aside. If you do not have a bank account, we can provide an "encashment letter" to be used at the local Lloyds Bank branches. Please ask for this letter, if you need it, at the same time as your cheque . Unless an account is specifically closed, a member must retain a minimum of £1 in his/her account.


IF THE ACCOUNT IS TO BE CLOSED THE MEMBER MUST ALSO COMPLETE  A TERMINATION OF MEMBERSHIP FORM.