ASDA Internet Savings FAQs
- What do I need to open an ASDA Internet Savings Account?
- Can I open an ASDA Internet Savings Account online then access it by phone?
- How do I pay money into my ASDA Internet Savings Account?
- How do I withdraw money?
- Will my money be safe?
- What are the terms and conditions?
What do I need to open an ASDA Internet Savings Account?
You need regular access to a PC with an internet connection and a useable email address. You must have a personal bank or building society current account with Direct Debit facilities. You also need to be aged 18 or over and a UK resident and have £100 to open your account with.
Can I open an ASDA Internet Savings Account online then access it
by phone?
No. The ASDA Internet Savings Account can only be accessed online. This means we keep our costs down and can afford to pay a great rate. So you need to have regular access to a PC with an internet connection and a useable email address.
How do I pay money into my ASDA Internet Savings Account?
You can pay in to your ASDA Internet Savings Account by setting up a direct debit. By using the 'money in' section you can transfer money from your nominated account.
How do I withdraw money?
All you do is log in and set up a nominated account. This is usually your current account. Then you can transfer money into this account from your ASDA Internet Savings Account.
Will my money be safe?
Your money is just as safe in an ASDA Internet Savings Account as it is in a bank. The only way to get money out of your account is to pay it into the account you've linked to your ASDA Internet Savings Account. This is usually your current account. So even if someone could gain access to your ASDA Internet Savings Account, the only place they could move your money is into your own account. You also will receive protection under the financial services compensation scheme. For full details please refer to your account terms and conditions.
