A feeder account is the account from which you will make the monthly loan repayments.
Already have a current account with us in the same name as the loan?
You can nominate this account as your feeder account. You will not incur any additional charges for using your current account as a feeder account; existing charges may still be applied as detailed in A Guide to Personal Accounts Fees and Interest brochure (PDF).
Don't have a current account with us in the same name as the loan?
You must open an alternative feeder account with us; this will be called a Service Account. You are not required to use the Service Account for purposes other than facilitating repayments to the loan. You will incur no charges on a Service account unless you require extra services on this account, detailed in the A Guide to Personal Accounts Fees and Interest brochure (PDF). The Terms and Conditions of the Service Account are detailed in Section C of the booklet Personal Banking Terms and Conditions (PDF).