Important information:
- Select business account if asked for an account/payee type.
- Make sure you use the right payment reference; it helps us deposit your savings to your Paragon account without delays.
- It’s important to use “Paragon Bank PLC” when depositing funds electronically, it protects your savings by making sure you’re sending money to the right place.
- If you have entered all payment details correctly and you’re still having difficulty, please contact your bank or building society.
Transfer from existing Paragon account
If your Paragon accounts allow for withdrawals and additional deposits, you can transfer your savings between accounts easily.
Online account holders simply login to your account, select the savings account or ISA you want to transfer from and click move my money. Follow the instructions on screen to transfer your savings.
If you are transferring from a notice account, you will have to serve the notice period stated in your product terms and conditions before the money can be moved into another Paragon account.
Postal account holders please write to us to transfer your savings, or use a move my money form:
Move my money
If your transfer takes your account below its minimum balance your account will be closed, please see your product terms and conditions.
We will credit any money you transfer from your existing Paragon accounts immediately.
Cheques will be credited to your account on the day we receive them, although it can take up to three days to clear the banking system. You’ll start to earn interest two business days after we receive your cheque.
For electronic bank transfers, your money will be credited to your account on the same day, as long as we receive it before 6pm. If we receive it after this, it will be deposited into your account the next day.
Alternatively, if you are making a payment via CHAPS and we receive your payment after 4pm your account will be credited the next business day. How long it takes for a payment to reach us will depend on who your nominated bank account is held with.