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Please keep for future reference

Call in to any Santander branch
Call us on 0800 9 123 123

Mini Current Account
Key Facts Document
Effective from 3 July 2015

santander.co.uk

These Specific Terms and Conditions apply in addition to our General Terms and Conditions.
This account may be withdrawn from sale at any time without notice.
1. Eligibility
To have this account you must be aged 11 to 18 and live in the UK. You can only have one 1I2I3 Mini, either the 1I2I3 Mini Account (in Trust)
or the 1I2I3 Mini Current Account, but not one of each. If an application is made for someone that already has a 1I2I3 Mini account, we
won’t open the account and we’ll tell the person making the application that a Mini account is already open.
If you’d like to apply for an account in our 1I2I3 Student or Graduate range you’ll need to transfer this account or close it.
This account can’t be opened or operated by someone else (in Trust). If you’re transferring into this account from a 1I2I3 Mini Account
(in Trust), the trustee must agree to be removed.

2. Joint account
You can’t hold this account with anyone else.

3. Monthly account fee
You don’t need to pay to have the account.

4. Monthly funding requirements
You don’t need to pay a set amount each month into this account.

This is known as the ‘cooling-off period’. Changes to Specific Conditions We‘ll let you know of any changes to the Specific Conditions by giving you personal notice. We may also close or suspend your current account if it has been inactive for some time.96% gross (variable) interest on the first £2. 11.000 of your entire balance. 7.98% gross (variable) on your entire balance once your balance is £200 £300 to £2.Page 2 of 4 5.000 in your account you’ll receive 3. This means. We calculate the interest you’ve earned on your balance every day and pay it monthly on the same date. Declaration By signing the Agreement for this account you confirm that: ■ You’ve been given the documentation detailing the key features of the account and you’d like to proceed with your application. Account closure You have the right to cancel the account within 14 days once we tell you the account has been opened. any joint applicants or trustees (who may open an account on your behalf) may be made aware that you hold a 1I2I3 product.000) You must have at least £100 in your account to receive interest. and we’ll pay this interest into your account each month. This date will be the date you open or transfer your account.00% AER/1. 1I2I3 World When you open a 1I2I3 Mini Current Account you become part of 1I2I3 World. Account options when you become 19 years of age If you don’t apply to transfer to a different Santander current account before your 19th birthday. either by going into a branch or by telephone. Overdrafts Our overdraft services aren’t available on this account. 8. This means that your balance can’t go below zero. If you are in significant breach of these Conditions or Specific Conditions. if you are accepted and there is an associated 1I2I3 Offer you will automatically qualify. 6.000 3.000 in your account for as long as it stays in there. ■ All the Terms and Conditions have been made available and you agree to them. you can close the account at any time.000 in the account. You’ll earn interest on the first £2.00% AER/2. If there’s anything about interest or tax that you’re not sure of then please talk to a member of staff who’ll be happy to help you. The tax treatment and rate of interest payable depends on your individual circumstances and may be subject to change in the future. If we decide to do this we’ll give you at least two months’ notice (30 days in the case of Non-Payment Accounts). you are not required to pay tax and the account has been registered to receive interest gross (this is the term for interest paid with no income tax taken off). The account will receive interest after income tax has been taken off unless you are resident in the UK. . you’ll no longer be eligible for a 1I2I3 Mini Current Account within the 3 months following your birthday: ■ Your account will automatically transfer to an adult current account and the General Terms & Conditions for Current Accounts and Savings Accounts will continue to apply. this money won’t earn interest. If you have more than £2. 9. 10. ■ Any Specific Conditions relevant to your new account (including any fees and charges) will apply and the 1I2I3 Mini Key Facts Document will no longer be applicable. You or we may close your account at any time by giving the other notice without giving any reason. Please make sure there’s always enough money in the account to cover any payments. After that.00% AER/2.00% AER/gross (variable) on your entire balance once your balance is £100 From £200 2. Interest rates Balance Interest Rate (How much we’ll pay you for having money in your account) From £100 1.96% gross (variable) on your entire balance once your balance is £300 or over (up to a maximum of £2. giving you access to a range of 1I2I3 Offers. For example: if you have £3. (or if you have failed to remedy a breach where we have asked you to do so) we may close your account on giving immediate notice or less notice than that specified in this Condition. We’ll give you at least 60 days’ notice before we make this change. When applying for future products. If there are funds in the account we may transfer these to another account you hold with us or send them to you at the last address we hold for you. If you don’t understand any of the product details or terms for your account then please talk to us before you apply.

You can make payments from your account using Faster Payments. We may then choose to issue a cash card instead which can only be used in cash machines. ■ You can also complete balance enquiries. Access your account via Online. Telephone Banking and at a Post Office branch ■ To register for Online Banking visit santander. You can also pay bills.Page 3 of 4 Other important information about your account 1. Debit card If you attempt to buy things with a Visa debit card when there isn’t enough money available in your account. Paying money in and out You can pay in cash or cheques at Santander cash machines in the UK.uk/our-customers/managing-my-account/ . Direct Debits and standing orders. co. services and transaction limits may vary. this is often called a recurring transaction. For more information on any of these. You can receive regular payments into your account. calling us on the number below or going into a branch. http://www. Opening hours. ask in branch or call us on the number below ■ To use Mobile Banking you have to have logged into Online Banking at least once. We recommend that you check your statement carefully and let us know as soon as possible if there are any mistakes or any payments you did not give permission to make. If you pay in a cheque at a Post Office branch.uk/alerts Managing your money If you’d like more information about managing your money please speak to your parent or guardian. and if you have a textphone. For more information visit santander. Turn off Paper Statements by logging on to Online Banking. unless you tell us you want a cash card. or a continuous payment authority).co. call us on 0800 9 123 123. Account Alerts You can set up different types of free email and text alerts to stay up to date with what is happening in your accounts. Your card Shops Internet Cash machine Abroad Visa debit card   Cash card – –     You can only use your cash card abroad to make withdrawals via cash machines. You’ll receive more information with your card and PIN when they arrive.uk/mobilebanking ■ If you want to speak to us. For more information about these services. Making payments in and out of your account Cards A Visa debit card will be sent to you (subject to status). Mobile.co. If you have difficulties with your hearing or speech. The table below shows where you can use your card.co. set up recurring transactions (some companies use your card number to take the same payment every month from your account.santanderconsumer.uk If you withdraw cash at a Post Office branch.uk/register. please use the Text Relay service by calling us on 18001 0800 9 123 123. and you can find moreinformation online in the help and support area of our website. Going paperless If you don’t want paper statements. we will normally receive it two days later. or ask any member of staff for help. pocket money or wages. If you’re in a different country. you will need a cash or debit card and your PIN. 2. including details on when payments into your account clear (clear means that the money is available and ready for you to take out) you can look in your General Terms & Conditions for Current Accounts and Savings Accounts. visit santander. we may cancel the Visa debit card. such as your allowance. call 00 44 1908 237 963. Santander branches and at a Post Office® branch. cash deposits and cash withdrawals via any Post Office branch (subject to availability).co. For more information visit santander. you can choose to receive them as an e-Document instead (this means you can view them online if you have registered for Online Banking). cheque deposits. Keeping track of your accounts Monthly statements Your statement will show you everything that has happened on your account during a month. You can also speak to us in a branch or give us a call.

Santander UK plc. ask us in branch or give us a call. Visa debit card In addition to the facilities of a cash card. In the Isle of Man. and is a free and secure service. Our Financial Services Register number is 106054. Not all accounts offer the overdraft service. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Gross – The interest rate we pay before income tax is taken off. The gross rate is the interest rate we pay before income tax is taken off. Santander UK plc’s principal place of business is at 19/21 Prospect Hill. Faster Payments This is a way to transfer money from one account to another. over the phone and online. Braille and audio CD. Registered Number 2294747. Santander and the flame logo are registered trademarks. The net rate is the interest rate we pay after deduction of income tax at the rate specified by law (currently 20%) Rates may change and we pay interest each month. up to the limit we’ve agreed for you. Telephone 0800 389 7000. Net – The interest rate we pay after deduction of income tax at the rate specified by law (currently 20%).co. www. this is an account with a bank that allows you to pay in and take out your money. BANK 0547 JUL 15 HT AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. Calls may be recorded or monitored. United Kingdom.uk/alternativeformats for more information. you can also pay for items in shops. Interest rate The rate we pay on the balance in your account to help your money grow.co. . Santander UK plc is also licensed by the Financial Supervision Commission of the Isle of Man for its branch in the Isle of Man. NW1 3AN. If you would like to register to receive correspondence in an alternative format please visit santander.Page 4 of 4 Glossary Current account Also known as a bank account.uk. You will be issued with one every month. Deposits held with the Isle of Man branch are covered by the Isle of Man Depositors’ Compensation Scheme as set out in the Isle of Man Depositors’ Compensation Scheme Regulations 2010. Statement This is a record of how much money has been paid in and out of your account. Cash card You can use a cash card to withdraw money from cash machines and check your balance. Trustee A trustee is an individual who manages and invests money for the benefit of another. There are no overdraft facilities on the 1I2I3 Mini Accounts. Isle of Man. Douglas. Online Banking This is the name of the service that allows you to do your banking over the internet. The trustee must make all trust-related decisions with the beneficiary’s interests in mind. Overdraft An overdraft is a helpful way to borrow money from us for a short period of time. IM1 1ET. Regent’s Place. Santander is able to provide literature in alternative formats. Registered in England and Wales. either now or in the future. The money is usually transfered in a few hours.santander. London. Registered Office: 2 Triton Square. The formats available are: large print.

This repayment covers at maximum £85. This means that all eligible deposits at the same bank.fscs. Santander UK plc also trades under cahoot and Santander Corporate and Commercial Bank. building society or credit union operates under different trading names.000 applies to each depositor separately. (c) the payment to the depositor of insurance benefits or compensation for criminal injuries or wrongful conviction.uk In some cases eligible deposits which are categorised as ‘temporary high balances’ are protected above £85. depositors are repaid by a Deposit Guarantee Scheme. If insolvency of your bank. (b) a death. building society or credit union is unable to meet its financial obligations.000 and a current account with £20. building society or credit union. This method will also be applied if a bank.uk .3 Reimbursement period in case of bank failure: 20 working days4 Currency of reimbursement: Pound sterling (GBP.org.000 for six months after the amount has been credited or from the moment when such eligible deposits become legally transferable. dismissal. More information can be obtained under http://www.000 per bank. 2 General limit of protection If a covered deposit is unavailable because a bank. If.000.org.000. or the depositor’s marriage or civil partnership. £) To contact Santander UK plc for enquiries relating to your account: For all Santander accounts except Business Banking 0800 389 7000 For Business Banking accounts: 0800 068 7010 To contact the FSCS for further information on compensation: Financial Services Compensation Scheme 10th Floor.uk More information: Additional information 1 Scheme responsible for the protection of your eligible deposit Your eligible deposit is covered by a statutory Deposit Guarantee Scheme. 15 St Botolph Street.org. building society or credit union should occur. retirement.Page 1 of 2 INFORMATION SHEET Basic information about the protection of your eligible deposits Eligible deposits in Santander UK plc are protected by: the Financial Services Compensation Scheme (‘FSCS’)1 Limit of protection: £85. he or she will only be repaid £85. This means that all eligible deposits with one or more of these trading names are in total covered up to £85. http://www. divorce. Beaufort House. building society or credit union are added up in order to determine the coverage level.000. your eligible deposits would be repaid up to £85.2 If you have a joint account with other person(s): The limit of £85.000 by the Deposit Guarantee Scheme. redundancy or invalidity. London EC3A 7QU Tel: 0800 678 1100 or 020 7741 4100 Email: ICT@fscs.000. These are eligible deposits connected with certain events including: (a) certain transactions relating to the depositor’s current or prospective only or main residence or dwelling. for instance a depositor holds a savings account with £80.fscs.000 per depositor per bank2 The following trading names are part of your bank: cahoot and Santander Corporate and Commercial Bank If you have more eligible deposits at the same bank: All your eligible deposits at the same bank are ‘aggregated’ and the total is subject to the limit of £85.

building society or credit union. www.fscs. within 15 working days from 1 January 2019 until 31 December 2020. it will. However. save where specific exceptions apply. Email: ICT@fscs. small and medium sized enterprises are not excluded.org. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. where the FSCS cannot make the repayable amount available within 7 working days. EC3A 7QU. Your bank. Registered Office: 2 Triton Square.uk. all retail depositors and businesses are covered by Deposit Guarantee Schemes.Page 2 of 2 3 Limit of protection for joint accounts In case of joint accounts. 10th Floor Beaufort House. ensure that you have access to an appropriate amount of your covered deposits to cover the cost of living (in the case of a depositor which is an individual) or to cover necessary business expenses (in the case of a depositor which is not an individual or a large company) within 5 working days of a request. 2 Listed in Section C of Annex 1 of Directive 2014/65/EU 3 Under the Companies Act 1985 or Companies Act 2006 4 See footnote 3 5 See footnote 3 BANK 0547 JUL 15 HT For further information about exclusions.org.000) within 20 working days until 31 December 2018. London. categories of deposits or other instruments which will no longer be protected from 3 July 2015: ■ ■ ■ ■ ■ deposits of a credit union to which the credit union itself is entitled deposits which can only be proven by a financial instrument2 unless it is a savings product which is evidenced by a certificate of deposit made out to a named person and which exists in a Member State on 2 July 2014 deposits of a collective investment scheme which qualifies as a small company3 deposits of an overseas financial services institution which qualifies as a small company4 deposits of certain regulated firms (investment firms. it will. In the case of a depositor which is a large company.uk.co. insurance undertakings and reinsurance undertakings) which qualify as a small business or a small company5 . NW1 3AN. building society or credit union shall also confirm this on the statement of account. within 10 working days from 1 January 2021 to 31 December 2023. refer to the FSCS website at www. Registered Number 2294747. from 3 July 2015 until 1 December 2016. 15 St Botolph Street. are aggregated and treated as if made by a single depositor for the purpose of calculating the limit of £85. The following are deposits. the limit of £85. association or grouping of a similar nature. Deposits held with the Isle of Man branch are covered by the Isle of Man Depositors’ Compensation Scheme as set out in the Isle of Man Depositors’ Compensation Scheme Regulations 2010. eligible deposits in an account to which two or more persons are entitled as members of a business partnership. (3) It is a deposit made by a depositor which is one of the following: ■ credit institution ■ financial institution ■ investment firm ■ insurance undertaking ■ reinsurance undertaking ■ collective investment undertaking ■ pension or retirement fund1 ■ public authority. Santander UK plc is also licensed by the Financial Supervision Commission of the Isle of Man for its branch in the Isle of Man.org.000 applies to each depositor. from 1 June 2016 until 31 December 2023. the bank. Other important information In general. Santander and the flame logo are registered trademarks . If you have not been repaid within these deadlines.000. It will repay your eligible deposits (up to £85. Regent’s Place. Further information can be obtained under http://www. Again. Tel: 0800 678 1100 or 020 7741 4100. EXCLUSIONS LIST A deposit is excluded from protection if: (1) The holder and any beneficial owner of the deposit have never been identified in accordance with money laundering requirements. contact your bank. In the Isle of Man. For further information.refer to the FSCS for further information on this category 1 Deposits by personal pension schemes. Our Financial Services Register number is 106054. and within 7 working days from 1 January 2024 onwards. other than a small local authority.uk. Where the FSCS cannot make the repayable amount available within 7 working days. Isle of Man. Santander UK plc’s principal place of business is at 19/21 Prospect Hill. there are specific exceptions to this obligation.uk Santander UK plc. Calls may be recorded or monitored. IM1 1ET. Exceptions for certain deposits are stated on the website of the responsible Deposit Guarantee Scheme. ensure that you have access to your covered deposits within fifteen working days of a request containing sufficient information to enable it to make a payment. Telephone 0800 389 7000. without legal personality. Douglas. Registered in England and Wales. United Kingdom. building society or credit union will also inform you of any exclusions from protection which may apply. stakeholder pension schemes and occupational pension schemes of micro. If deposits are eligible. London.FSCS. 4 Reimbursement The responsible Deposit Guarantee Scheme is the Financial Services Compensation Scheme. you should contact the Deposit Guarantee Scheme since the time to claim reimbursement may be barred after a certain time limit.santander. (2)The deposit arises out of transactions in connection with which there has been a criminal conviction for money laundering. save where specific exceptions apply.