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Personal Current account

Through our personal current account we offer a wide range of international and domestic payment services

  • Cheque payments (Sterling, Euro and US Dollars)

  • Periodic Payments (Standing Orders and Direct Debits)

  • CHAPS (Clearing House Automated Payment System) UK Payments

  • SWIFT International payments

  • BACS (Bankers Automated Clearing Services)

  • Faster Payments

Minimum amount

The minimum amount required in order to open an Alpha Bank Current account is €100,000 (or currency equivalent).

Cheque imaging

The UK banking industry has migrated from the physical transportation of cheques around the country to a new digital system whereby digital images of cheques are exchanged between banks and building societies. This will speed up cheque clearing significantly from the current timescale of up to six working days to the next working day.

Alpha Bank London has adopted this system. This means that cheques written by an Alpha Bank London customer could clear by 11.59pm the next working day. We therefore ask you to ensure that you have sufficient funds in your account to cover the cheques that you write.

For more information

Overdraft and current account charges

If you go overdrawn without an overdraft facility being in place or you exceed your overdraft facility then the following may be applicable to you. Please operate within any overdraft limit. 

Unauthorised overdraft
Any amount overdrawn without an arranged overdraft or in excess of your overdraft limit will be charged at a rate of 6% + the prevailing Base Rate of the currency concerned, which, for Sterling, as at 30th April 2020 is equivalent to 6.18% APR Typical (variable).

How much does my overdraft cost in pounds and pence?
Here are some examples of how much it would cost if you borrowed £500 of your agreed overdraft*:

£500 Overdraft @ 6.18% APR
7 days

30 days 

60 days
Indicative Cost (£)
£0.57

£2.50

£5

*  Subject to lending criteria 

We will not provide any Arranged Overdrafts under £10,000.

CALCULATION AND APPLICATION OF INTEREST
Interest on arranged and unarranged overdrafts is calculated on a daily basis and charged monthly 14 days after the end of each month.

  • Contact

  • Phone service

    • +44 (0) 207 332 6767

  • Opening hours

    • 9.00am to 5.00pm
      Monday to Friday

      All calls may be recorded for monitoring and training purposes.
Modern Slavery Act

Alpha Bank London Limited. Registered office: 85 King William Street, London EC4N 7BL. Registered in England and Wales No.185070. Alpha Bank London Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 135327. Authorisation can be checked on the Financial Services Register at: www.fca.org.uk

COPYRIGHT © 2020 ALPHA BANK LONDON LTD.