Call Account

The BNF Call Account is a practical financial solution for your business that allows better liquidity management according to your enterprise's short term business needs. By notifying the Bank that you require part or all of your balance, 31 or 60 days before withdrawal date, you get to retain the due interest in full without incurring Bank charges, whilst having access to your funds.

More information below.

Type of Account

A notice account with a 31-day notice of withdrawal.

A notice account with a 60-day notice of withdrawal.

Eligibility

Customer must have an active BNF Current Account and access to Internet Banking.

Customer must have an active BNF Current Account and access to Internet Banking.

Currency

EUR/GBP

EUR

Term

Indefinite

Indefinite

Minimum Opening Balance

€100,000/£100,000

€100,000

Maximum Deposit

No maximum

No maximum

Deposits

No Restrictions. Any amount can be added any time.

No Restrictions. Any amount can be added any time.

Withdrawals / Closure of Accounts

Allowed following a 31-calendar* day notice period which can be given after 2 months following account opening. Notifications can be submitted through Internet Banking or by calling at any BNF branch.

Funds withdrawn are paid into the customer’s current account. No withdrawals on internet banking or at the branch are allowed.

*including weekends and public holidays. If the 31st day is a non-working day, the transfer is affected on the next working day.

Allowed following a 60-calendar* day notice period which can be given after 2 months following account opening. Notifications can be submitted through Internet Banking or by calling at any BNF branch.

Funds withdrawn are paid into the customer’s current account. No withdrawals on internet banking or at the branch are allowed.

*including weekends and public holidays. If the 60th day is a non-working day, the transfer is affected on the next working day.

Interest Rate

 

0.15% p.a.  (for EUR accounts)

0.30% p.a. (for GBP accounts)


 

0.30% p.a.

Interest Frequency

Interest is calculated on daily account balance and paid bi-annually on the 26th June and on the 26th December.

Interest is paid on customer’s current account. When the account is closed, interest is paid pro-rata as at the day of closure.

Interest is calculated on daily account balance and paid bi-annually on the 26th June and on the 26th December.

Interest is paid on customer’s current account. When the account is closed, interest is paid pro-rata as at the day of closure.

Withholding Tax

15% withholding tax will be charged on credit interest unless otherwise advised by the customer.

15% withholding tax will be charged on credit interest unless otherwise advised by the customer.

Statement Frequency

Once yearly, Statements are mailed electronically through internet banking.

Once yearly, Statements are mailed electronically through internet banking.

How to Apply

Branch Network,                      Business Centres

Branch Network,                      Business Centres

Benefits

1.       Higher interest rate than a demand deposit account.

2.      Flexibility to deposit additional amounts without restrictions.

3.      Flexibility to withdraw funds given a 31-day notice period.

1.       Higher interest rate than a demand deposit account.

2.      Flexibility to deposit additional amounts without restrictions.

3.      Flexibility to withdraw funds given a 60-day notice period.

Terms and conditions apply.

Terms and Conditions - 31-Day Call Account

Terms and Conditions - 60-Day Call Account 

BNF Bank p.l.c. is a credit institution licensed by the MFSA to undertake the business of banking in terms of the Banking Act 1994.

 


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BNF Bank plc is a credit institution licensed by the MFSA to undertake
the business of banking in terms of the Banking Act 1994.