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The Gold Classic Current Account offers a great range of exclusive benefits at no extra cost. It is suitable if you are paying at least £500 per month into the account or holding an average balance of at least £5000, otherwise a £5 monthly account charge will apply.
All benefits are subject to terms, conditions and exclusions. Please read our terms and conditions for more information. You must be a United Kingdom resident over 18 years of age.
You can use your N&P VISA debit card to withdraw cash from over 40,000 LINK cash machines across the UK, and in any machine anywhere in the world that displays a VISA/PLUS symbol. You can also use it to purchase goods at any shop or outlet displaying the VISA/PLUS symbol.
All our Gold Classic Current Account holders are entitled to use their debit card for transactions abroad with no charges. Please note an overseas ATM or retailer may add a charge. You would be told about this at the time of transaction.
(Source: Suppliers websites - Correct as of 22/09/2014)
Sentinel® will also arrange for your cards to be cancelled and request replacements if they are lost or stolen. The Sentinel® support team is available 24 hours a day, 7 days a week, and because losing your belongings can be an upsetting experience, your call will be answered by an experienced and sympathetic team member who’ll take care of everything for you.
A year’s cover normally costs around £32 but it won’t cost you a penny when you bank with us. They will even cover the cost if the problem is simply a key broken off in the lock!
You must be a United Kingdom resident over 18 years of age. All benefits are subject to terms, conditions and exclusions. Please read our terms and conditions for more information.
Sentinel® will contact all the issuers of your credit, debit and store cards to cancel them and request replacements.
Up to £250 cover for personal money lost or stolen to replace your missing cash.
Up to £200 cover to replace the missing handbag, purse, wallet or briefcase if they’re stolen.
Up to £11, 750 emergency cash advances if you are stranded abroad without means to pay (cash advance must be repaid within 30 days of receipt).
Up to £600 cover for replacement locks and keys for your home, home office, cars, caravans, motorbikes and motor homes.
24 hour locksmith service to help you gain access to your property and change any locks if required
Everyone has different needs and priorities at different times in their lives. That's why we offer a range of exclusive savings accounts with preferential rates to help you save.
GOLD ISA - for tax-efficient savings that benefit you, not the taxman. Invest from £10 to the current tax year limit. Find out more...
GOLD SAVINGS ACCOUNT - for savers who like to put something away on a regular basis and watch it grow. Find out more...
NETMASTERGOLD SAVER II ACCOUNT - You have access to your cash around the clock, all year round, with no loss of interest. Save to suit yourself - a lump sum, as regular savings, or as and when you want. Find out more...
GOLD CLASSIC SAVER - for savers who put a little away as and when, and need to be able to get to their money quickly. This account is ideal to work alongside your current account where you can move funds across to avoid going overdrawn. Find out more...
Especially for Gold Classic Current Account customers the Classic Share Dealing Account allows you to trade shares at a discounted flat rate of just £8.95 online or £14.95 over the phone. Find out more...
Open a Gold Classic Current Account and we’ll give you a £250 overdraft facility. The £250 approved overdraft is subject to status and charges apply. In addition, if you use the dedicated N&P switching service to move your Direct Debits and standing orders across to your new Gold Classic account, then you will also benefit from no charges and no interest on your overdraft for the first six months. Charges and interest will apply if the £250 limit is exceeded.
Representative ExampleIf you have an approved overdraft facility of £250, and go overdrawn on 5 March for up to the maximum of £250 for 3 months, you will incur a £5 charge for each month or part month you are overdrawn and incur interest at 16.58% p.a. variable (17.90% EAR** variable). The total charge would be £31.28.
**EAR stands for Equivalent Annual Rate and does not take into account any additional charges (e.g. monthly charges) which may be applicable.
Usually once a month.
In every month that you make a transaction on your account, we send you a statement. If you want more frequent statements, give us a call on 0845 300 2511 and we can arrange that for a small charge.
Yes, and there is no extra charge.
If that's how you want to run your account, call us on 0845 300 2511, or we can call you back. We'll then send you paying-in slips and prepaid envelopes - everything you need to manage your account from home.
No credit interest is paid on current account balances. However interest is payable on a linked Gold Savings Account.
Yes, all Gold Classic Current Account holders receive a debit card.
We do not charge you for using your Gold Classic Current Account, providing you transfer £500 or more each month (not including internal transfers from a N&P account). If you don't put £500 in the account in any given month, it will result in you being charged an underfunding account charge of £5 per month unless you have an average balance of £5,000 or more over the month.
A monthly approved overdraft usage charge of £5 per month is debited to accounts if overdrawn, within an approved overdraft facility, at any time during the month. In addition an interest rate of 17.9% EAR** applies. Overdrafts are only available to people over the age of 18 and subject to criteria.
Representative Example If you have an approved overdraft facility of £250, and go overdrawn on 5 March for up to the maximum of £250 for 3 months, you will incur a £5 charge for each month or part month you are overdrawn and incur interest at 16.58% p.a. variable (17.90% EAR** variable). The total charge would be £31.28.
You will have to pay bank charges if you use your Current Account to make payments, when you:
Paid item charges apply for any payments that we pay which take you overdrawn without agreement or beyond your approved overdraft limit. Unpaid item charges apply for any payments we do not pay because they would take you overdrawn without agreement or beyond your approved overdraft limit.
Unapproved overdraft charge#
£19 per month
Unapproved overdraft interest rate
Approved overdraft interest rate
Unpaid item charge#
£15 per item
Paid item charge#
# From 1 January 2014, N&P capped the charges for the total combined unapproved overdraft usage, unpaid item and paid item for each account (i.e. cheques, standing orders or Direct Debits issued without having sufficient funds in your account for payment). The cap is set at £79 so for unapproved overdraft usage, unpaid item and paid item charges you will never be charged more than the capped amount in a calendar month for each account. Any of these charges incurred in December 2013 (which won’t have a cap applied) will be notified to you on your January statement and be debited on the last day of that month.
HELPING YOU AVOID CHARGES
View our latest Savings Rates
The table below gives some examples of our charges for making payments from your account when you haven’t enough money available to cover them. We developed these examples with the Office of Fair Trading and leading consumer groups to help you to think about how changing the way you use your account can affect the amount we will charge you. You should avoid going overdrawn wherever possible and you should contact us if you need help to manage your account.
For details of all the charges and interest rates for the Gold Classic Current Account click here.
The examples below show reasons why you might be charged, and how much those charges would be. Understanding why you might be charged could help you to avoid charges in future.
We refuse a payment from your account because there is not enough money in your account.1. For accounts with a small credit balance, you could move to an unapproved overdraft position as a result of the unpaid item charge of £15. For example, on a credit balance of £1, a payment of £50 is refused and the £15 unpaid item charge results in you being overdrawn by £14. You would then incur a £19 unapproved overdraft charge. Total charge is £34.
2. For accounts with a larger credit balance, you could still remain in credit despite incurring the unpaid item charge. For example, on a credit balance of £50, a payment of £70 is refused but the £15 unpaid item charge means that you remain in credit with a balance of £35, and so the £19 unapproved overdraft charge is not incurred. Total charge is £15.
A payment from your account takes you into an unapproved overdraft by less than £10.
You are overdrawn for one day during the month.1. N&P has a £10 buffer for customers who move into an unapproved overdraft position. Total charge is £0.
2. For customers who already have an approved overdraft facility and go over the agreed overdraft by less than £10, there will be a £15 paid item fee and a £19 unapproved overdraft charge. Total charge is £34.
A payment from your account takes you into an unapproved overdraft and you make another payment from the account while you are overdrawn. You are overdrawn for two days in a row during the month.There will be 2 x paid item charges of £15 (so a total of £30) plus you would then incur a £19 unapproved overdraft charge. Total charge is £49.
A payment from your account takes you into an unapproved overdraft, and you make nine more payments from the account while you are overdrawn.
You are overdrawn for 10 days in a row during the month.
There will be 10 x paid item charges of £15 (so a total of £150) plus you would then incur a £19 unapproved overdraft charge. Total combined charges incurred amount is £169, however a charge of £79# will be applied to your account.
A payment from your account takes you into an unapproved overdraft. You are overdrawn for one day.However, on three more occasions during the month, a payment takes you into an unapproved overdraft. On each of these occasions you are overdrawn for three days in a row.
1. In this scenario, we assume that the first payment will take you into an unapproved overdraft of £10. You will not incur a charge for the first payment as this would be within the £10 fee-free buffer. However, each of the further 3 payments would take you beyond the £10 buffer and would result in 3 x paid item charges of £15 (a total of £45) plus you would then incur a £19 unapproved overdraft charge. Total charge is £64.
2. For customers who already have an approved overdraft facility and go over the agreed overdraft, there will be 4 x paid item charges of £15 (so a total of £60) plus you would then incur a £19 unapproved overdraft charge. Total charge is £79.
From 1 January 2014, the charges incurred were capped# at £79.
A payment from your account takes you into an unapproved overdraft. You are overdrawn for 21 days in a row during the month and you make 12 more payments from the account while you are overdrawn.
There will be 13 x paid item charges of £15 (so a total of £195) plus you would then incur a £19 unapproved overdraft charge. Total combined charges incurred amount is £214, however a charge of £79# will be applied to your account.
Whilst abroad, you use your VISA debit card twice to withdraw cash from an ATM and also buy goods/services on three separate occasions.
1. For N&P Gold Classic Current Account holders. Total charge is £0.
2. For N&P Gold Start Current Account holders there will be 2 x £2 withdrawal charges (so a total of £4) plus 3 x 75p transaction charges (so a total of £2.25). Total charge is £6.25.
See the Proving your Identity section for more information.
Please read our terms and conditions before opening your Gold Classic Current Account.
Please note online applications must be made within the UK. We cannot accept any applications made and submitted from outside the UK.
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* Please note an overseas ATM or retailer may add their own charge. You would be told about this at the time of transaction. Yorkshire Building Society subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at www.lendingstandardsboard.org.uk
Norwich & Peterborough Building Society and N&P are trading names of Yorkshire Building Society. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in the Financial Services Register and its registration number is 106085. Principal office of Yorkshire Building Society: Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ
References to 'YBS Group' or 'Yorkshire Group' refer to Yorkshire Building Society, the trading names under which it operates (Barnsley Building Society, the Barnsley, Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P and Egg) and its subsidiary companies.
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