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What is a nominated account and why do I need it?
A nominated account is an account in your name(s) with either another bank/building society, or an existing Triodos account that allows you to transfer funds.
You need a nominated account for when applying for one of our accounts online and your opening deposit must be made by electronic transfer from your nominated account. Also if you want to transfer money from your account online, you must do so to your nominated account.
More from the same category of FAQs:
- What currency does the deposit guarantee scheme pay out in, and how quickly?
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- Which products are covered by the deposit guarantee scheme?