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Managing your postal account

Answers to your common questions

How do I make a withdrawal from my account?

To make a withdrawal, send your passbook (if you have one) and a signed withdrawal form or letter of authority to:

BM Savings team
Birmingham Midshires
PO Box 81
Pendeford Business Park
Wobaston Road
Wolverhampton WV9 5HZ

Check if the withdrawal will incur a charge or loss of interest, or affect the interest rate on your account. You should also make sure the account allows withdrawals, and that there are sufficient cleared funds.

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How do I make a deposit?

  • By post - send us a cheque (not cash) made payable to yourself, and a deposit slip. We'll send you a receipt for the deposit. If you don't have a deposit slip you can write the account number clearly on the back of your cheque.
  • By standing order or direct debit - you can set this up with your bank
  • Electronically - using telegraphic transfer or the Faster Payments Service
  • Online - some banks' online banking services will let you make regular or one-off transfers to your savings account

Our bank account details for deposits are:

Sort code:
20-97-78
Account code:
00968773
Reference:
your Birmingham Midshires account number

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How do I request my balance or tax certificate?

Write to us at:

BM Savings team
Birmingham Midshires
PO Box 81
Pendeford Business Park
Wobaston Road
Wolverhampton WV9 5HZ

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When will I receive a statement?

If you receive a statement, this will be sent to you yearly on the anniversary of the account opening date.

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Gross is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product, which quotes an interest rate, will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

NET rates are illustrative only, allowing for the deduction of income tax at 20%. If you are a higher rate tax payer, you may have a further amount to pay. If we deduct more tax than you have to pay this can be reclaimed from HMRC.

Tax free is the contractual rate of interest payable where interest is exempt from income tax.

For telephone line opening times, please read the information in our contact section. Calls may be monitored and recorded for security and training purposes. If you're calling from outside the UK, please dial +441902 428 311.

© Birmingham Midshires
This site is intended for UK residents unless otherwise stated.
Birmingham Midshires is a division of Bank of Scotland plc, which is authorised for accepting deposits by the Financial Services Authority. It is entered in the FSA's Register and its Register Number is 169628. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ.
To contact the FSA Consumer helpline, please ring 0300 500 5000 or visit www.moneyadviceservice.org.uk/.