Money out — how to make withdrawals

There are many ways to access money in your checking account:

• Debit Card purchases
• Getting cash at ATMs
• Writing a check
• Using Online Bill Pay

You can use your Debit Card to make cash withdrawals at the ATM and make purchases at merchants that accept Visa^® debit cards. Although your Debit Card has a Visa^® symbol on it, it is not a Credit Card. When you use your Debit Card, the money is deducted from your primary linked checking account. Please note that some Debit Card transactions may take several days to post to your account or could post the same day.

 

You must set up a PIN in order to use your Debit Card at the ATM and to make purchases. For your safety and the security of your account, keep your PIN a secret. Do not carry this code with you or share it with anyone. You may want to change it every so often.

 

Wells Fargo ATMs can assist you with most of your day-to-day transactional needs — and are available 24 hours, 7 days a week in most cases. Wells Fargo ATMs also remember your most frequent/common transactions, such as the amount of cash you typically withdraw, so your ATM experience can be fast and easy. Here you will find an example of the screens you will encounter when banking at our Wells Fargo ATMs:

1. Shortcuts: The ATM remembers your three most frequent transactions and lists them here. You can also customize your shortcuts by pressing the “More Choices” button.

2. Get Balances & Statements: Stay up-to-date on your account. Print the last 10 transactions or balances of your linked accounts.¹

3. Transfer: Transfer money between your linked accounts.

4. Buy Stamps: Avoid a trip to the post office and buy stamps directly from one of our ATMs.

5. More Choices: Customize your ATM — change your PIN, change your language, update your shortcuts.

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Money in — how to make deposits

There are many ways to add money to your account:

• ATM: Using a Wells Fargo ATM is a convenient, safe and easy way to deposit money into checking accounts and is available 24 hours a day, 7 days a week
• Wells Fargo Banking Locations: Visit any Wells Fargo banking location to make your deposit during bank business hours
• Direct Deposit: Setting up Direct Deposit of your paycheck or other income into your account is free, easy, quick and secure — giving you the peace of mind that your money is readily available on payday
• Transfers: You can transfer money to your checking account from other Wells Fargo accounts, at ATMs, online or at a banking location

 

 Direct Deposit is a secure and convenient way to get paid. When you sign up for Direct Deposit, instead of receiving a paper check, your paycheck or other recurring income is electronically deposited into your checking account. Direct Deposit is also free of charge. Here are some key benefits:

It’s convenient

• You don’t have to go to the bank to deposit your paycheck
• Your money is automatically deposited into your account on time, every payday
• It’s available for many income sources, including Social Security and retirement plans

It’s fast

• You have immediate access to your money on the day of deposit
  
  

It’s safe

• Never worry about checks getting lost, delayed or stolen

How to sign up
Provide your checking account information to your employer. Your employer will need to know your account number and routing number. You can find both of these numbers on the bottom of your check (see the illustration below).

 

Compare payday experiences of two people:

• Both work for ABC company, which offers Direct Deposit
• Both are paid on the first of every month
• Mary has set up Direct Deposit, but Jerry has not 
•  

 

 

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Getting Started Guide:

At Wells Fargo, our checking accounts are designed to simplify your everyday finances so you can enjoy more of life. To make things easier for you, we developed this Getting Started Guide to help you understand your new checking account. Read through the guide and you’ll get a jump-start on using your new account features and benefits on a daily basis. Bookmark this tour and you’ll have a quick-reference guide to use any time you have a question.

Created with you in mind
This guide includes easy-to-digest information about important account functions, from making deposits to using your Wells Fargo^® Debit Card, to keeping track of your checking account transactions. You’ll find a handy list of banking terms and definitions, as well as helpful tips to get the most out of your new account. You’ll also discover ways to avoid fees and develop good money management habits, which will help you build a solid financial history.

Here for you today and tomorrow
Thank you for choosing Wells Fargo for your banking needs. We look forward to providing you with the best information and guidance about our accounts and services. If you have any questions, feel free to visit a Personal Banker in any of our banking locations during normal business

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Transport terminology

Various terms are likely to be used on documents and by suppliers, shippers, insurance brokers and agents. These are referred to as INCOTERMS (international commercial terms). Go to SITPRO (The Simpler Trade Procedures Board) – www.sitpro.org.uk – the full list of terms. Here are main ones:
EXW – Ex-works
The seller must place the goods at the disposal of the buyer at the seller’s premises or another named place not cleared for export and not loaded on any collecting vehicle.
FCA – Free carrier
The seller must deliver the goods, cleared for export, to the carrier nominated by the buyer at the named place.
FOB – Free on board Named port of shipment – Maritime and inland waterway transport only
The seller delivers the goods, cleared for export, when they pass the ship’s rail at the named port of shipment.
CFR – Cost and freight Named port of destination – Maritime and inland waterway transport only
The seller delivers the goods when they pass the ship’s rail in the port of shipment and must pay the costs and freight necessary to bring the goods to the named port of destination.
CIF – Cost insurance and freight Named port of destination – Maritime and inland waterway transport only
The same as CFR except the seller must also procure insurance against the buyer’s risk of loss or damage during carriage.
CPT – Carriage paid to Named place of destination – Any mode of transport
The seller delivers the goods to the nominated carrier and must also pay the cost of carriage necessary to bring the goods to the named destination.
CIP – Carriage and insurance paid to Named place of destination – Any mode of transport
The obligations are the same as under CPT with the addition that the seller must procure insurance.
DAF – Delivered at frontier Named place of destination – Any mode of transport
The seller must place the goods at the disposal of the buyer on the arriving means of transport not unloaded, cleared for export but not cleared for import.
DES – Delivered ex-ship Named port of destination – Maritime and inland waterway transport only
The seller delivers when the goods are placed at the disposal of the buyer on board the ship, not cleared for import, at the named port of destination.
DEQ – Delivered ex-quay Named port of destination – Maritime and inland waterway transport only
The seller delivers when the goods are placed at the disposal of the buyer, not cleared for import, on the quay at the named port of destination.
DDU – Delivered duty unpaid Named place of destination – Any mode of transport
The seller must deliver the goods to the buyer, not cleared for import, and not unloaded at the named place of destination.
DDP – Delivered duty paid Named place of destination – Any mode of transport
The seller must deliver the goods to the buyer, cleared for import, and not unloaded at the named place of destination.
Making an order
The details of the order will need to include:

• Price
• Quantity
• Quality
• Delivery
• Packaging
• Payment terms
• Insurance

How to source suppliers
The key to successful importing lies in choosing the right supplier. To do this, you need to do some research. You can get information from a number of sources, including:

• Trade representation in the UK – many organisations with an interest in exporting to the UK have some sort of representation here or whose details may be found by contacting the relevant foreign Chamber of Commerce or commercial departments within an embassy or consulate.
• International trade exhibitions and fairs – these are a good source of suppliers willing to do business with UK companies.
• Trade associations, with their links to companies in the same market as you, can be a rich source of contacts and advice. They may also be able to warn you about specific market issues.
• Trade journals may carry details of exporters wanting to trade with the UK.
• The Internet is another important source of suppliers.
• Overseas agents or exporters – you may need to use an agent based in the country you want to import from to guide you through the necessary procedures.
• The merchandise – if the product you want to import is already available in the UK, there’s nothing to stop you checking the country of origin markings. Then get in touch with that country’s consulate or Chamber of Commerce for information on agents and factories to contact.

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Importing supplies successfully

To import successfully, you need to follow through a carefully thought-out plan of development and action.
This guide looks at the steps you need to take to help make your venture a success.
Avoiding the pitfalls
International trade may carry more risk than trading with a UK-based company, where it’s easier to look into creditworthiness and quality of goods. You’ll need to take a number of issues into consideration if you want to import successfully…
Suppliers
The reliability of your supplier is crucial. Find out as much as you can via business contacts and consider asking for references from their bank or an international credit reference agency. And, of course, there is no substitute for visiting the company in person.
Product liability
You may be held liable, under the principles of product liability, for harm caused by goods you have imported. If you are subject to liability you may wish to investigate insurance cover.
Agreeing the total cost
Consider carefully the terms and conditions of the contract. It is essential to check that the price includes everything you agreed, from packaging, insurance and delivery costs.
Exchange rates
Fluctuating exchange rates can affect the price of the product and your profitability. A forward exchange contract is one way to protect yourself. This is a binding obligation to buy or sell a certain amount of foreign currency at a pre-agreed rate of exchange, on or before a certain date. This enables you to budget at a guaranteed rate of exchange.
Payment options
How you choose to pay your supplier depends on a number of factors, not least the level of trust between you.
Open Account
Orders placed with organisations may be dealt with on an open account basis. The supplier trusts your ability to pay them against their invoice within, say, 30 days. Clearing banks offer fast money electronic transfer systems for such transactions. Or you could open a euro currency account allowing you to trade with countries in the Eurozone using just one account.
Letters of credit
These offer both buyer and seller security and are honoured through the banking system. The conditions are stated on the letter of credit, including the amount to be paid, a description of the goods and what documents the exporter must present to receive payment. The importer’s bank guarantees the exporter that payment will be made if those conditions are met.
Documentary collections
Documents relating to the goods imported are sent by the supplier via their own bank to your bank. Your bank receives all the shipping documents and the invoices, which state the methods of payment. The bank will notify you when it has all the documents. The advantage of this system is that you, as the importer, don’t have to make payment for your goods until you have accepted the documents relating to them from your bank.
Paperwork and legal considerations
Import licences and quotas
Many countries aim to limit the quantity of certain goods being exported from their country. If the quota is exhausted, you won’t be able to import that product. This process is normally regulated by the issue of import and export licences.
Duty
Member countries of the EU allow unrestricted movement of the majority of goods between them, although you may still need an import licence. For goods imported from outside the EU, the rate of duty is decided by how the goods are classified. For help with Tariff Classification, call the Tariff Classification helpline on 01702 366077.
Import VAT
Import VAT is levied at the standard rate of VAT on the value of the goods, plus related costs including duty, freight and insurance. Companies importing regularly may be advised to obtain a deferment account. Local HM Revenue & Customs advice centres can offer further help.
Product safety and marking
Under UK law, you are obliged to make sure that any products you import are safe and comply with the relevant product standards. This may involve them being tested in an accredited laboratory. Your local trading standards officers are the people to speak to about marking and standards of safety for particular products.
Transporting the products
Terms of delivery and means of transport
Although some suppliers may want to quote for their goods including the transport or freight charges, you wish to take responsibility for your goods early in the supply chain. This allows you to choose the carrier, routing and point of entry into the UK. Always inspect your goods as soon as you receive them.
Cargo insurance
Arranging this cover yourself allows you to choose the level and extent of insurance. The exporter, for example, might only cover the goods until they reach a UK port. You might prefer the goods to be covered as far as the warehouse gates. It also means you are dealing with a UK-based company that speaks your language if there’s a problem. You can get more information from a specialist cargo insurance broker.

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ABOUT US Lloyds Banking Group

Our OpportunityLloyds TSB Group plc was renamed Lloyds Banking Group plc on 19 January 2009, following the acquisition of HBOS plc. This makes us the largest retail bank in the UK with a number of leading market positions. One in three people bank with us. Get an overview of the company.
Our goal is to be the best financial services provider in the UK.  We believe this means we must build a leadership position not on the basis of scale but on the foundations of reputation and recommendation.
While the short term outlook for all financial services companies in the UK and around the globe is challenging, we believe that the acquisition of HBOS will be a success and presents us with many opportunities.  We have a business that has clear scale benefits, which in time can lead to superior returns in the new banking environment.
Our ResponsibilityThe creation of Lloyds Banking Group comes with a big responsibility.
Serving over thirty million people means we have a clear role to play in society; through helping our customers everyday.

Company Overview

We have strengths and products from both companies - including Lloyds TSB’s prudent approach to risk and HBOS’s leading savings, mortgage and bancassurance businesses.
We have multiple brands which mean we can serve customers in terms of pricing and positioning to cover and attract more of the market. Lloyds TSB and Halifax will be our main brands in England and Wales and Bank of Scotland will be our main brand in Scotland.
We can keep our costs down and improve our services to customers because we can deliver efficiencies through shared services.
We have a distribution network that is second to none, including the largest branch network in the UK.
What’s in it for our customers, our colleagues and our shareholders?
For our customers: the combination of both organisations will help us offer the best convenience, choice and expertise.
For our colleagues: the scope and scale of our new company will provide exciting opportunities to grow and develop their career. Our people are going to be vital to making our new organisation the best it can possibly be.
For our shareholders: as we look beyond the near term, we believe the strength and size of the Group will offer significant opportunities.

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Corporate Governance

The board considers that good governance is central to achieving the Group's governing objective of maximising shareholder value over time. That has been uppermost in directors' minds when applying the principles contained in the combined code on corporate governance issued by the Financial Reporting Council.

The group is led by a board comprising executive and non-executive directors with wide experience. The appointment of directors is considered by the board and, following the provisions in the articles of association, they must stand for election by the shareholders at the first annual general meeting following their appointment and must retire, and may stand for re-election by the shareholders, at least every three years. Independent non-executive directors are appointed for three-year renewable terms, which may, in accordance with the articles of association, be terminated without notice or payment of compensation.

The board meets at least nine times a year.  It has a programme designed to enable the directors regularly to review corporate strategy and the operations and results of the businesses and discharge their duties within a framework of prudent and effective controls relating to the assessing and managing of risk.

The roles of the chairman, the group chief executive and the board and its governance arrangements, including the schedule of matters specifically reserved to the board for decision, are reviewed annually.

The board has delegated to management the power to make decisions on operational matters, including those relating to credit, liquidity and market risk, within an agreed framework.

All directors have access to the services of the company secretary, and independent professional advice is available to the directors at the Group's expense, where they judge it necessary to discharge their duties as directors.

The board evaluates its performance and that of its committees and individual directors with advice and assistance from Dr Tracy Long, Boardroom Review. Directors were invited to comment, through questionnaires and interviews, and the responses were reviewed and discussed by the board. Where areas were identified, action has been agreed.

The chairman's performance is evaluated by the non-executive directors, led by the senior independent director, taking account of the views of executive directors.

The remuneration committee reviews the performance of the chairman, the group chief executive and the other group executive directors, when considering their remuneration arrangements. The nomination committee reviews the structure, size and composition of the board, taking account of the skills, knowledge and experience of directors. Like all board committees, the nomination committee and remuneration committee report to the board on their deliberations.

The chairman has a private discussion at least once a year with every director on a wide range of issues affecting the Group, including any matters which the directors, individually, wish to raise.

There is an induction programme for all new directors, which is tailored to their specific requirements and includes visits to individual businesses and meetings with senior management. Additional training and updates on particular issues are arranged as appropriate.

Meetings with shareholdersIn order to develop an understanding of the views of major shareholders, the board receives regular reports from the group finance director and the director of investor relations.

The chairman, the group chief executive and the group finance director also have meetings with representatives of major shareholders and the senior independent director also attends some of these meetings. In addition, all directors are invited to attend investment analysts' and stockbrokers' briefings on the financial results.

All shareholders are encouraged to attend and participate in the Group's annual general meeting.

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Lloyds Bank Corporate Markets

Our name has changed.

Our commitment to you remains as strong as ever.
Our corporate clients will now be serviced by Lloyds Bank Corporate Markets, bringing a wealth of experience, unrivalled access to market leading financial solutions.

We are rebranding the Corporate Markets website businesses and from 6th December our new name is Lloyds Bank Corporate Markets. Therefore, our customer website will be part of this brand and will contain all the information you require, including access to our online services.

If you try and access the old site you will automatically be redirected to the new site. If you have bookmarked specific parts of this site, you will automatically be redirected to the relevant part of the new site.

We hope you enjoy our new site.

About Lloyds TSB

Black Horse

 Black Horse is the leading provider of finance at Point of Sale in the United Kingdom. Available through 13,000 dealers and retail stores around the country, every year Black Horse helps 1 million personal and business customers buy their car, caravan, motorhome, motorcycle or to fund the purchase of home improvements or something special, such as an exotic holiday. With the backing of the Lloyds Banking Group, Black Horse has over 50 years experience and is committed to customer satisfaction. 

Business Banking
Whether you are looking to start up in business or wish to move your existing business account to us, we offer you all the support you need. From business insurance to business loans, Lloyds TSB Business has a range of products and services to meet the needs of your business.Cardnet
Cardnet is the card acceptance service of Lloyds TSB. We can provide a single solution for all your card acceptance needs along with specialised market leading services that will help you get the most out of your card payments.
CarSelect A smarter way to get a better deal on your new car.
Cheltenham & Gloucester
For details on C&G’s range of simple and flexible mortgages and investments. You can find out where your nearest branch is and answers to frequently asked questions.
Corporate Markets
We provide focused business solutions and dedicated relationship management for organisations with an annual turnover £15m and above. We offer a range of corporate services from cash management and trade to more complex risk management solutions.
International Corporate Banking Provides information on our International Corporate Banking offices, which offer corporate banking and trade finance facilities to major corporate customers in Europe, the Middle East and Japan.
Lloyds TSB International Mortgage Service Multi-currency mortgages for residential properties in Great Britain, France, Spain, Portugal, Dubai, New Zealand, Hong Kong, Singapore, as well as selected locations in Australia, the United States & Canada.
International Personal Banking Worldwide personal banking services, based offshore, for international expatriates and UK residents, with offices around the world. Offering a range of products including current accounts in Sterling, US dollars and Euros and mortgages in the major currencies, in over 10 jurisdictions.
Investor Relations
Information for investors of Lloyds TSB.
Lloyds TSB Asia Through its offices in Hong Kong, Singapore, Malaysia and Shanghai (Representative Office), Lloyds TSB Asia offers multi-currency deposits, offshore banking as well as a market leading international mortgage service.

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Business Extra package for new start-ups

We understand how daunting starting your own business can be, that's why we'll give you a named manager to support you, a range of free guidance services to get you off on the right foot, and 18 months free* day-to-day banking; so you can spend less time worrying about your banking and more time building your business.
Free day-to-day banking can make all the difference to a new business. It makes sure that every single penny you earn goes towards creating a successful business.
During the first 18 months you will not be charged for:

• paying in or taking out cash,
• paying in or issuing cheques, 
• paying standing orders and direct debits.

There is no limit on the number of deposits or withdrawals, and you do not need to keep a minimum balance in your account to qualify.
All we ask is that you operate your account within agreed limits, for example not going overdrawn without prior agreement.

Get off to a great start

We have a range of information and guidance services to help you develop your business:

 Free Sage Planning for Business software to help you get your business moving in the right direction, or help turn your business idea into reality. 

Free 90-day trial of Sage Start-up, a day-to-day accounts package ideal for first time users. Up to 50% discount when you open a business account. 

90 day free trial of Sage Instant Accounts a simple bookkeeping package with support that’s ideal for small businesses. Up to 50% discount when you open a business account.

 Plenty of options to grow into

 You won’t need to change your account even when your business grows or your needs change. We can offer you:

• Banking on your doorstep - we have one of the largest branch networks in the UK, so there should always be one nearby.
• Banking on your computer - our Internet banking service is currently used by over 300,000 business customers.
• Banking on your mobile - receive daily updates on your account balance via our Text alerts service.
• Banking on your phone - speak to a business advisor who can deal with your account queries and requests using our
  Telephone banking service. 
• Support from your own relationship manager
• Our relationship managers help around 80,000 new businesses get started every year.
• Once your account is open you'll have access to a named relationship manager who will be on hand to provide support from help with deposits, loans or more specialist borrowing.
• As well as face-to-face consultations our relationship managers are also available at the end of a phone to provide telephone assistance when a meeting is not convenient.

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Debtor Insurance

Cover that provides security for your business by protecting you against your customer’s insolvency or non-payment of invoices.
You may run a very successful business, however, have you thought about what would happen to your business if one of your customers to whom you sell on Trade Credit Terms became insolvent?

Debtor Insurance, provided by Lloyds TSB Commercial Finance Limited provides you with a low cost, easy to manage service which could protect you from potentially damaging losses, if a major customer suddenly fails.

Debtor insurance can help you to grow your business with confidence by protecting you against bad debt.

At Lloyds TSB Commercial Finance we have a dedicated team who will work with you and provide you with comprehensive cover at competitive rates, with no long term lock in, to protect you from potentially damaging losses.

Last year over 19,000 businesses failed. Have you ever thought about what would happen to you if a major customer went bust? 

Features & benefits of Debtor Insurance

 At Lloyds TSB Commercial Finance we understand that bad debt is a risk that every business faces in the current economic climate. You may run a very successful business, but have you thought about what would happen if a major customer became insolvent?

Lloyds TSB Commercial Finance, in consultation  with Chartis UK (one of the UK’s leading Trade Credit Insurers), have developed a Debtor Insurance solution that is not only competitively priced, but we believe it to be the most flexible on the market.
Credit limit coverage – If within 30 days of sign up we cannot offer you cover on at least 55% of your ledger, by value you may cancel with a full refund of premiums paid.
Flexible – no long term lock in. You can give us one calendar months’ notice at any time to terminate your policy.
We want you to grow – achieve turnover growth of 20% (up to a maximum of £500k) without any additional charge.
Protection – we cover you for up to 90% of the value of a bad debt suffered.
Cash Flow – our policy allows bad debt provisions to be reduced and replaces cash flow that would have been lost due to bad debt.
Trade in confidence – protects both overseas and domestic debt and our credit monitoring service may help you identify a potential credit risk before it becomes a bad debt.
Hassle Free – simple claims process and on-line policy management system keeps you in control.

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