RBS Application

caveman38

I'm a bit confused and would appreciate help. Logged in to RBS and proceeding to application and receive - "To make your initial payment into your Fixed Rate ISA, you will need to set the account up as a new payee, using the account number and sort code via your online banking. Following payments can be made through Digital Banking, in branch and by telephone.

We will send you a certificate of deposit within 14 days of the Start Date."

Does that mean you can create the account but to furnish it with monies. You have to pay say £20K into your current account and transfer it internally or what? Thanks

masonic

Nothing there to suggest it has to be an internal payment. The T&Cs should be clearer on any restrictions on how deposits can be made.