Defined Access E-ISA
Power of Attorney application form
Please read these notes before you fill in this form
• The account will be operated strictly in accordance with the instructions confirmed within the Power of Attorney document.
• The Power of Attorney document must accompany the application. This must be the original document or a certified copy.
• The account must be for the donor’s personal use – not for or on behalf of a business, charity, club or association.
• The funds must belong to the donor.
• The donor must be 16 or over, a UK resident and use a UK address for all correspondence. All attorneys must be 18 years or over.
• For legal reasons we must check the identity of all attorneys if they do not have an account with Virgin Money already (see below).
Please note, we may also need to check the identity of the donor.
• The account can only be operated by post via our Main Office.
Virgin Money is obliged to confirm the identity of all investors. Please refer to the ‘Confirmation of identity’ form within
the Helpful information section of the Savings homepage at virginmoney.com or contact us for further information.
Please complete all sections in black ink using block capitals and put a
we may not be able to open your account.
in the appropriate boxes. If any section is incomplete
I wish to open a Defined Access E-ISA for the tax year 6 April 2017 to 5 April 2018 and to contribute to it for each subsequent
year until further notice (subject to the terms and conditions of the account). Note: this is an option not an obligation.
Personal details
In accordance with HM Revenue & Customs regulations any alterations/amendments to this application form must be initialled.
Donor
1st Attorney
Title: Mr, Mrs, Ms, Miss
Other (please specify)
Surname
First Name(s) in full
Date of Birth
Address (including postcode)
Please note that all communications
will be sent to the first attorney’s
address
Postcode
Home telephone number
Daytime telephone number
(if different from above)
Postcode
Area
Code
Area
Code
Area
Code
Area
Code
2nd Attorney
3rd Attorney
Title: Mr, Mrs, Ms, Miss
Other (please specify)
Surname
First Name(s) in full
Date of Birth
Address (including postcode)
Please note that all communications
will be sent to the first attorney’s
address
Postcode
Home telephone number
Daytime telephone number
(if different from above)
Area
Code
Area
Code
Postcode
Area
Code
Area
Code
Personal details (continued)
Donor
Do you have any existing savings
accounts with us?
Yes
1st Attorney
No
Yes
No
If ‘Yes’ please provide details of your account number(s)
Do you have any existing savings
accounts with us?
2nd Attorney
3rd Attorney
Yes
Yes
No
No
If ‘Yes’ please provide details of your account number(s)
Does the donor have a
National Insurance Number?
(Please place an ‘X’ in the box)
Yes If ‘Yes’ the National Insurance
Number must be entered to
comply with HM Revenue &
Customs requirements
No
You should be able to find the donor’s National Insurance Number on a payslip, forms P45
or P60, a letter from HM Revenue & Customs, a letter from the DWP or pension order book.
Nominated bank account
All withdrawals from the Defined Access E-ISA must be sent to a nominated bank account. This account must be suitable for receipt of
electronic payments (i.e. a Current Account). Bank or building society deposit type accounts cannot be used as the nominated account.
Please check with the bank or building society that they are able to accept electronic payments. Please advise us of the details of the account
you wish to use. This must be an account in the name of the donor.
Bank name
Address
Postcode
Bank sort code
Account number
Payee’s name(s)
Payee’s reference (if any)
Interest
How would you like your interest paid? (tick one choice only)
Annually
Monthly
Defined Access Cash E-ISA
1. Added to the account
2. To another account with us
in the name of the donor
3. To the donor’s bank
Please provide details of the Virgin Money
account to which the interest is to be transferred:­
Please provide details of the bank to which
the interest is to be transferred, if different
to your nominated account.
Bank name
Bank sort code
Address
Account number
Payee’s name(s)
Postcode
Payee’s reference
(if any)
Initial deposit
How will you be opening your account?
a) By cheque
Please confirm the amount
£
Please enclose the cheque with the completed application form, identity item(s) (if necessary) and Power of Attorney
document. In the interest of security please make cheques payable to ‘Virgin Money plc for the account of (insert account
holder(s) name(s))’ and crossed ‘A/c Payee only’.
b) By electronic transfer i.e. Faster Payments Service (FPS), Bankers Automated Clearing Service (BACS), or
Clearing House Automated Payment System (CHAPS)
You must return the completed application form, identity item(s) (if necessary) and Power of Attorney document.
We will then advise you of your account number and provide bank details to quote to your bank or building society for the
transfer to take place.
c) By transfer from an existing account with us in the donor’s name
Please confirm the existing account number
Please confirm the amount
£
To transfer the full balance, insert ‘TO CLOSE’ – Please note that closing interest will normally be added to the existing account
before the transfer takes place.
Please ensure that the Power of Attorney document and, if applicable, the existing passbook(s) are enclosed.
Please note that the terms and conditions, any notice period, charge and other withdrawal restrictions relative to the existing
account will apply.
d) By transfer from an existing ISA with another provider. Please ensure you complete and return a separate
ISA transfer authority form for each ISA you wish to transfer to us.
Using your personal information
The personal information you supply to us as well as information we already hold, may be used in a number of ways, for example,
•
•
•
•
•
•
•
To assess and process this and future applications;
To verify your identity;
To prevent fraud and money laundering;
To manage your account(s);
For management of arrears and debt collection;
For audit purposes, research and statistical analysis; and
To identify other products and services which might be suitable for you (with your consent).
(a) We may share your information with, and obtain information about you from credit reference agencies and fraud prevention agencies as outlined
above. This may include details of any previous or subsequent names.
(b) If false or inaccurate information is provided and fraud is identified, details will be shared with fraud prevention agencies and this information may
be accessed and used by law enforcement to prevent fraud and money laundering. For further details as to how your information held by fraud
prevention agencies may be used please see below.
(c) In addition to the above we will not ordinarily disclose information to other organisations except to help prevent fraud and money laundering,
where we are required by law, permitted under the Data Protection Act, required by the Financial Services Compensation Scheme (and its verification
solution provider) or in order to process your application. Where we pass on information, it will be looked after with the same level of care.
You declare that you are entitled to disclose information about all joint applicants and/or anyone else referred to by you and authorise us to search, link
and/or record information at credit reference agencies about you and anyone else referred to by you.
For further information on how your information may be used by credit reference agencies, fraud prevention agencies, and ourselves, visit our website
www.virginmoney.com or contact Freepost, Virgin Money, The Data Protection Officer, NEA3780, Newcastle upon Tyne, NE3 4ZE.
You can obtain a copy of the information we hold about you (for a fee) by writing to the above address. You also have a right to have any inaccuracies
deleted or corrected.
Help us to make you better off
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I would prefer NOT to be contacted:
Declaration
If there is more than one attorney all must read and sign this declaration, if the donor is able to sign he/she should also read and sign
this declaration. The attorney(s) are signing on behalf of the donor.
I declare that:
All subscriptions made, and to be made, belong to me.
I am 16 years of age or over.
● I have not subscribed and will not subscribe more than the overall subscription limit in total to a Cash ISA, a Stocks and Shares ISA,
an Innovative Finance ISA and a Lifetime ISA in the same tax year.
● I have not subscribed and will not subscribe to another Cash ISA in the same tax year that I subscribe to this Cash ISA.
● I am resident in the United Kingdom for tax purposes or, if not so resident, either perform duties which, by virtue of Section 28
of Income Tax (Earnings and Pensions) Act 2003 (Crown Employees Serving Overseas), are treated as being performed in the
United Kingdom, or I am married to, or in a civil partnership with, a person who performs such duties. I will inform Virgin Money
if I cease to be so resident or to perform such duties or be married to, or in a civil partnership with, a person who performs
such duties.
● I confirm I have read the literature for this account and agree to be bound by the terms and conditions of this account.
●
●
I authorise Virgin Money:
●
●
To hold my cash subscriptions and any interest earned on those subscriptions.
To make on my behalf any claims to relief from tax in respect of ISA investments.
Statements
●
●
I/We understand that funds withdrawn will be used for the purpose for which the Power of Attorney is granted.
I/We request that Virgin Money open an account in the name detailed above in accordance with the terms and conditions and
that the account is administered according to the details given above. I hereby declare that this investment is made in accordance
with the appropriate declaration above.
Financial Services Compensation Scheme (FSCS) declaration
I have received and read the Financial Services Compensation Scheme booklet (attached to this form) which contains an Information
sheet and Exclusions list and provides details of the protection provided by the FSCS.
I DECLARE THAT THIS FORM HAS BEEN COMPLETED TO THE BEST OF MY KNOWLEDGE AND BELIEF.
WARNING – FALSE STATEMENT INFORMATION MAY RESULT IN PENALTIES OR PROSECUTION.
Please sign to confirm you have read and agree to the Use of personal information and Declaration sections.
Signatures
Donor (if able to sign)
1st Attorney
Date
Date
2nd Attorney
3rd Attorney
Date
Date
Alternative format
If you require this in an alternative format such as Braille, large print, audio or interpreter services, please call our Disability Awareness
Team on 0191 279 5300. Lines are open 9am to 5pm business days. Calls are charged at your service provider’s prevailing rate.
Alternatively, our text phone number is 0191 279 8505 or you can contact us at [email protected].
These contact details should not be used for general enquiries relating to your account.
Confirmation of identity
Virgin Money takes suitable steps to check the identity of its investors and may telephone to confirm application details. We regret that
it will not be possible to open an account unless suitable proof of identity is provided - funds will be returned if suitable proof of identity
is not provided.
Please return this form to Operations, Virgin Money, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL
Virgin Money plc – Registered in England and Wales (Company No. 6952311). Registered Office – Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
VMP2768V6 (Valid from 06.04.17)
Information sheet and Exclusions list
The Financial Services
Compensation Scheme
Virgin Money is covered by the Financial Services Compensation Scheme (FSCS).
To help you understand the protection the scheme offers, this booklet contains details
provided by the Prudential Regulation Authority. Please read the Information sheet on
pages 2 and 3 carefully.
The scheme does have a small number of exclusions and these are listed on page 4.
Information sheet
Basic information about the protection of your eligible deposits
Eligible deposits in Virgin Money plc are protected
by:
the Financial Services Compensation Scheme
(“FSCS”)1
Limit of protection:
£85,000 per depositor per bank/building society/
credit union2
The following trading names are part of your bank/
building society/credit union:
Virgin Money plc
Virgin Money
If you have more eligible deposits at the same bank/
building society/credit union:
All your eligible deposits at the same bank/
building society/credit union are “aggregated” and
the total is subject to the limit of £85,000.2
If you have a joint account with other person(s):
The limit of £85,000 applies to each depositor
separately.3
Reimbursement period in case of bank, building
society or credit union’s failure:
20 working days4
Currency of reimbursement:
Pound sterling (GBP, £) or, for branches of UK
banks operating in other EEA Member States,
the currency of that State.
To contact Virgin Money plc for enquiries relating
to your account:
Virgin Money plc
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL
Tel: 0345 600 7301*
To contact the FSCS for further information on
compensation:
Financial Services Compensation Scheme
10th Floor Beaufort House
15 St Botolph Street
London
EC3A 7QU
Tel: 0800 678 1100 or 020 7741 4100
Email: [email protected]
More information:
2
http://www.fscs.org.uk
Additional information
1.Scheme responsible for the
protection of your eligible deposit
Your eligible deposit is covered by a
statutory Deposit Guarantee Scheme.
If insolvency of your bank, building
society or credit union should occur,
your eligible deposits would be repaid
up to £85,000 by the Deposit Guarantee
Scheme.
connected with certain events including:
1 January 2021 to 31 December 2023;
(a)certain transactions relating to the
and within 7 working days from 1 Jan-
depositor’s current or prospective
only or main residence or dwelling;
(b)a death, or the depositor’s marriage or civil partnership, divorce,
retirement, dismissal, redundancy
or invalidity;
(c)the payment to the depositor of
2. General limit of protection
insurance benefits or compensa-
If a covered deposit is unavailable
tion for criminal injuries or wrongful
because a bank, building society
or credit union is unable to meet its
financial obligations, depositors are
repaid by a Deposit Guarantee Scheme.
This repayment covers a maximum of
£85,000 per bank, building society or
conviction.
More information can be obtained under
http://www.fscs.org.uk
3.Limit of protection for joint
accounts
credit union. This means that all eligible
In case of joint accounts, the limit of
deposits at the same bank, building
£85,000 applies to each depositor.
society or credit union are added up
in order to determine the coverage
level. If, for instance a depositor holds
a savings account with £80,000 and a
current account with £20,000, he or she
will only be repaid £85,000.
This method will also be applied if a
bank, building society or credit union
However, eligible deposits in an account
to which two or more persons are entitled as members of a business partnership, association or grouping of a
similar nature, without legal personality,
are aggregated and treated as if made
by a single depositor for the purpose of
calculating the limit of £85,000.
operates under different trading names.
Virgin Money plc also trades under
4.Reimbursement
Virgin Money. This means that all eligible
The responsible Deposit Guarantee
deposits with one or more of these
Scheme is the Financial Services Com-
trading names are in total covered up
pensation Scheme, 10th Floor Beaufort
to £85,000.
House, 15 St Botolph Street, London,
In some cases eligible deposits which
are categorised as “temporary high
balances” are protected above £85,000
for six months after the amount has
been credited or from the moment when
such eligible deposits become legally
transferable. These are eligible deposits
EC3A 7QU, Tel: 0800 678 1100 or 020
7741 4100, Email: [email protected]. It
will repay your eligible deposits (up to
£85,000) within 20 working days until 31
December 2018; within 15 working days
from 1 January 2019 until 31 Decem-
uary 2024 onwards, save where specific
exceptions apply.
Where the FSCS cannot make the
repayable amount available within 7
working days, it will, from 1 June 2016
until 31 December 2023, ensure that
you have access to an appropriate
amount of your covered deposits to
cover the cost of living (in the case of
a depositor which is an individual) or
to cover necessary business expenses
or operating expenses (in the case of
a depositor which is not an individual
or a large company) within 5 working
days of a request.
If you have not been repaid within
these deadlines, you should contact
the Deposit Guarantee Scheme since
the time to claim reimbursement may
be barred after a certain time limit.
Further information can be obtained
under http://www.fscs.org.uk.
Other important
information
In general, all retail depositors and businesses are covered by Deposit Guarantee
Schemes. Exceptions for certain deposits
are stated on the website of the responsible Deposit Guarantee Scheme. Your
bank, building society or credit union will
also inform you of any exclusions from
protection which may apply. If deposits
are eligible, the bank, building society or
credit union shall also confirm this on the
statement of account.
ber 2020; within 10 working days from
3
Exclusions list
A deposit is excluded from protection if:
(1) The holder and any beneficial owner of the deposit have never been identified in
accordance with money laundering requirements. For further information, contact your
bank, building society or credit union.
(2) The deposit arises out of transactions in connection with which there has been a
criminal conviction for money laundering.
(3)It is a deposit made by a depositor which is one of the following:
• credit institution
• financial institution
• investment firm
• insurance undertaking
• reinsurance undertaking
• collective investment undertaking
• pension or retirement fund1
• public authority, other than a small local authority.
For further information about exclusions, refer to the FSCS website at www.FSCS.org.uk
1 Deposits by personal pension schemes, stakeholder pension schemes and occupational pension schemes of micro, small and medium sized enterprises are not excluded.
*Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in
the same way. Calls may be monitored and recorded.
Virgin Money plc - Registered in England and Wales (Company No. 6952311).
Registered Office - Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
30.01.2017VM8584V3
4