The Alliance and Leicester Premier Current Account is a bank account with some fundamental differences over a traditional
bank account. The first difference is that to be able to get this bank account from Alliance and Leicester you
must pay in at least £500 per month into the premier account. The next difference is that you get some extra
features with it. 1/ Free annual multi-trip European Travel Insurance if
you are under 65. This alone could be worth £60 2/ Interest on credit balances. Currently
this is 0.50% on balances up to £2,500 and 0.10% on balances over £2,500. Not a great interest rate but more than
many savings accounts and bank accounts currently offer. 3/ The Alliance and Leicester Premier Switching
Service team can manage the whole switching process for you – saving you the hassle of contacting your old bank, companies
you make regular payments to and even your employer. 4/ 0% EAR typical overdraft. No usage fees on arranged overdrafts
for 12 months from when you open the account (new customers only). A usage fee of 50p a day (up to £5 a month) applies
after that. Maximum overdraft limit is £2,000. To be able to have an Alliance and Leicester Premier Current
Account, you must be over 21 and pay in at least £500 to your account every month. Cash, cheques and your salary all
count towards this monthly amount, and the payments into the premier current account can be spread out over the month.
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