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Is Nottingham Building Society closing down?
With the vast majority of the building society’s estate agency and lettings activity transferring over to the Belvoir Group, its own estate agency and letting operation will close by the end of August. This will mean closures of six branches – three of which were combined building society and estate agencies.
Which bank owns Nottingham Building Society?
We’re a mutual building society, which means we are owned by our members. Unlike banks, we don’t have shareholders and therefore don’t pay dividends. It means our profits and extra benefits can be passed on to members.
How many branches does Nottingham Building Society have?
48 branches
The society currently has 48 branches across 9 counties including in city centre on Parliament Street, Beeston, Bulwell, Mapperley, on Mansfield Road, and Wollaton.
Does Nottingham Building Society do online banking?
Do you do online banking? Yes, we do have an online savings account through Beehive Money. Beehive’s savings accounts provide a simple and secure way to manage your savings online.
Is Nottingham building society safe?
Your eligible deposits with the Nottingham Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Nottingham Building Society, Beehive Money, The Nottingham.
Is Nottingham Building Society safe?
How many customers does Nottingham Building Society have?
Strong retail franchise growth – total branch savings balances of £2.4 billion, up 2% in 2019. Total assets of £3.8 billion and gross mortgage lending of over £350 million for 2019. The Society welcomed over 20,000 new customers and is present in over 60 locations across nine counties.
Can you transfer money from a building society to a bank account?
Am I able to transfer funds from my building society account to a bank account? Yes you can.
How much can you withdraw from Nottingham Building Society?
If you have a branch account you can withdraw up to £500 cash daily subject to withdrawal conditions. If you wish to withdraw more cash, please contact your local branch. Under 17s may need to be accompanied by a parent or guardian. There is no minimum or maximum amount for withdrawals made by cheque.
Is Nottingham Building Society covered by FSCS?
What’s the difference between a bank and building society?
Banks are businesses that are typically listed on the stock market. Therefore, they are owned and run for the benefit of their shareholders. On the other hand, building societies do not have external shareholders involved in their business.
How do you withdraw money from a building society?
If you wish to move money you can go into your local branch or send your request through the post. Any written requests to withdraw should be accompanied with confirmation of your bank account details and enclose your passbook. The electronic payment withdrawal limit is set at £25,000 per member per day.
How long does it take to get money out of a lifetime ISA?
If we have received a completion date on your declaration form, we aim to release the money within 48 hours before your completion date. If we do not have this, we will release the funds to your conveyancer 30 days after we receive the request.