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FRS account

  • mendreth's Avatar
    Hi, I'm in the middle of opening a 1-year FRS account and I see from your last comment that I may be able to fund this using a cheque. Is that correct? If so, could you confirm the payment details I should use on the cheque, please? Is it OK if the cheque is paid into the FRS account by someone else and from another bank (in this case, my wife, who currently has the money we are looking to invest sitting in her current account?).

    I'd much prefer to use online banking but the transfer limits involved don't make this possible.

    Many thanks.
  • 1 Reply

  • Tristan's Avatar
    Hi ,

    You can fund a FRS account by cheque, from another person's bank account. Once your savings account is opened you will receive your sort code and account number which you should write on the back of the cheque so we can apply the funds to your account. You can just make the cheque out to "Tesco Bank".

    Your wife can also fund your account by bank transfer once you have your sort code and account number. I hope this helps - Tristan

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