Important information:
- When you enter the sort code it may show as a HSBC Bank PLC account because we use them as our clearing bank.
- It’s important to use a payee when depositing funds electronically, it protects you and makes sure you’re sending your money to the right person. When sending deposits to us please use the payee name Paragon Bank PLC, it’ll help ‘match’ the account you’re sending money to and the name associated with that account. If you get a ‘no match’ or ‘unavailable’ message please make sure you’re quoting the right account number, sort code and Paragon Bank PLC as the payee, you should then get a ‘match’ message from your bank or building society.
- Your payment reference makes sure we’re able to identify and apply your deposit to your Paragon account, without it we might have to return your funds or delay funding your account.
- If you have entered the sort code, payee and payment reference correctly, and still see a ‘no match’ or ‘unavailable’ message, 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 holder 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.
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 it's minimum balance your account will be close, 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 from the second day after we receive your cheque.
If we receive your electronic bank transfer after 4pm then your Paragon account will be credited the next working day. How long it takes for an electronic bank transfer to reach us will depend on than bank your nominated bank account is held with.