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The National Savings Bank (Amendment) Regulations 2006
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- UK Statutory Instruments
- 2006 No. 1066
- Regulation 2
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Removal of notice period in respect of withdrawals or transfers of investment deposits
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2. After regulation 28 of the Principal Regulations insert—
“Withdrawal or transfer of investment deposits
28A.—(1) Every notice of withdrawal under regulation 21(1) above relating to money deposited by way of investment deposit shall be given by sending or delivering to the Director of Savings at the principal office of the National Savings Bank an application for withdrawal in the approved form signed by the depositor or other person entitled to sign the application.
(2) Money deposited by way of investment deposit (or any interest thereon) may be transferred upon the giving of written notice of transfer to the Director of Savings in accordance with this paragraph. Every notice of transfer shall be given by sending or delivering to the Director of Savings at the principal office of the National Savings Bank an application for transfer in the approved form signed by the depositor or other person entitled to sign the application requesting that the transfer be made on a date specified in the application, and the application shall be accompanied by the relevant deposit book.
(3) Paragraph (2) above shall not apply to a transfer from a treasurer’s account.”.
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