The Society is subject to obligations which require that we verify both the identity and address of investors. When accounts are opened each investor must provide at least one document from each of the lists below. The documents produced must be originals or copies certified by an Accountant, Banker, Senior Civil Servant, Doctor, Financial Institution, Justice of the Peace, Lawyer, Member of the House of Assembly, Minister of Religion, Police Officer or Teacher.

Confirmation of Identity;

• Current EU signed passport;
• National ID card.

Confirmation of Address;

• Bank, building society or credit card statement;
• Tax assessment form;
• Utility bill (not mobile phone bill).

If your account is opened by post two documents confirming address will be required (each document must be from a different source).

One of the following documents can be used as a second form of address confirmation in addition to those specified above.

• Mobile telephone bill;
• Listing in local telephone directory;
• Electoral roll listing;
• Council rates bill;
• Driving licence;
• Letter or policy document from insurance company quoting a policy number.

The Society may accept other forms of appropriate identification at its discretion.

If the account is held in joint names:

• all information regarding the account will be sent to the first named account holders registered address.
• liability to the Society is joint and several, meaning that each named investor is responsible for all the obligations of the account.
• if one investor dies the account vests in the name(s) of the survivor(s) and will be automatically transferred to the other(s) on production of the death certificate or a certified copy.
• unless you have given us written notice to the contrary any investor named on the account will be able to withdraw money from the account and give other instructions as to the operation or closure of the account without the authority of the other(s).
• it is the responsibility of joint account holders who are partners and become subject to divorce or separation to give notice to the Society if they wish to change the operation of their account (i.e. both to sign).

When you pay in money by cheque:

• interest is calculated from the third working day after the payment is received (Saturdays, Sundays and Gibraltar National Holidays are not working days).
• the cheque should be made payable to the investor(s) or to Leeds Building Society Building Society for the account of the investor(s). Your account number should be written on the back.
• the cheque may be returned unpaid due to lack of funds, the cheque being stopped, irregularities in the way the cheque has been completed or other reasons as determined by the bank on which the cheque has been drawn. In such circumstances the Society will debit the value of the cheque from your account and may make a charge for this.
• the cheque will normally be deemed as being out of date if it is paid in more than six months after its date.

We may change or increase charges or introduce a new charge at any time for any of the following reasons:

• to reflect changes in costs (including our own reasonable management and administrative costs) which we reasonably incur in respect of the relevant activity or service;
• to reflect changes we may reasonably make in the service or activity we are providing or undertaking; and
• if we reasonably consider it is fair to do so in the interests of our business as a whole.

We may also change or increase charges at any time for any valid reason (not being a reason mentioned in section 10.2). If we do so:

• we will give you individual notice at least 30 days before the change is to take effect;
• we will tell you the reason for the change in the notice we send you; and
• if the Product Conditions for your account require you to give notice before making a withdrawal or restrict the amount you may withdraw and/or number of withdrawals you may make in any period, then from the date you receive notice of the change you will have a minimum of 30 days or if greater, a period of time equal to your notice period, to close your account without notice and without loss of interest.

We can change the rate of interest to be paid at any time (unless the Product Conditions provide otherwise) and will notify you of any change by individual notification within 30 days of the change taking place.

Without notice we may limit at any time the amount which may be withdrawn in respect of any account if we reasonably consider it necessary in order to protect the interests of the Society as a whole.

The Conditions other than rates of interest may be varied at any time.

Variations may include the removal or amendment of Conditions or the inclusion of new Conditions and may be made if any of the following apply:

• there are new or amended laws which require or permit change;
• there is a court decision which requires or permits change;
• you agree;
• we reasonably believe that you would benefit from new facilities or services which have become available;
• we reasonably believe that business needs justify a change;
• to correct errors;
• because of changes in technology or banking practice.

Unless we consider any variation of Conditions (other than an interest rate change) is to your disadvantage we may make the change immediately and notify you individually within 30 days of the change becoming effective.

If the Product Conditions for your account require you to give notice before making a withdrawal and we change the interest rate, then from the date when you receive notice of the change, you will for a period of time equal to your notice period have an option to close your account without notice and without loss of interest.

We will only give details of your account or personal details to anyone else if:

• you have specifically requested or consented to the disclosure;
• the law requires us to do so;
• our interests make disclosure necessary, or
• we have a public duty to disclose.

Your application form may include a declaration requesting your consent to disclosure for particular purposes.

You must read the General Investment Conditions, as these apply to your account. – click here.