BLME Savings deposits

InA

I signed up for a BLME fixed term account, but the declaration at the end seems to suggest that money will be debited from the linked account.

The application process will take 5 days, but does anyone know if the money will be debited automatically or will I be given notice and/or asked to initiate the transfer? I'm just wondering whether I need to keep the funds available in my linked account or whether I can transfer to my linked account after my application has been approved.

Thanks in advance for your responses!

Edited:

The longer T&Cs clarify: Before you can place your first Premier Deposit with us, you must apply for a Premier Deposit Account. You may apply for a Premier Deposit Account and a Premier Deposit by making us an Offer through the Premier Deposit Account section of our website. If we accept your application and agree to open a Premier Deposit Account for you, we will also open a Transfer Account in your name and we shall notify you of the details of the Transfer Account when we confirm to you that your application has been approved. You must pay the Deposit Amount to the Transfer Account before we will issue an Acceptance. So question answered.

InA

Please delete this thread if it's cluttering up the board. Thanks!

lucky77

I am thinking of opening an account with BLME so the information is helpful as we don't always read the detailed T & Cs even though we should!

TBC15

I've got 2 go for it.