At Leek United we are committed to remaining an independent mutual building society run exclusively for the benefit of members.  As a mutual Society with a low risk, sustainable business model, we have no external shareholders to satisfy and so can focus all of our efforts on the provision of value and service to members.

In the past, the independence of the Society was challenged by the activity of speculators, who opened savings accounts in the hope of receiving windfall conversion benefits.  As a consequence, new members joining the society are now subject to our ‘Charitable Assignment Scheme’, details of which can be found in section 32 on our 'Statement of Practice for Investors' leaflet. 

Leek United Building Society branches and agents have a policy restricting the amount which can be withdrawn, in cash and cheque, in any one day.

The cash withdrawal limits are as follows:

At Branch Offices

Account Holder in Person
Daily limit without notice £500
Daily limit with 48 hours notice £5,000

Cheque Withdrawals
Cheques are limited to £149,999.99 at all branches.  Larger value cheques can only be dealt with at Head Office.

At Agents

The daily withdrawal limit at the following agents is £500:

• Stone
• Wirksworth

Cheque Withdrawals
Cheques are limited to £149,999.99 at these agencies.

It is possible to make regular payments into some of our savings accounts.  This can be done by standing order.

Simply quote the three sets of numbers, shown below, to your bank or building society and they will make the payments direct to your Leek United account from a date specified by yourself.

Sort Code:  40-05-30

Account Number:   74578031

Roll/reference number:  your own 11 digit Leek United account number (found on the first page of your passbook).

It is really important that all three sets of digits are quoted to your bank or building society.  Without this information your standing order will not be credited directly to your Leek United account.

A Section 975 tax certificate is usually required should you wish to reclaim some, or all, of the tax deducted from the interest earned on your savings account.  

The Certificate details the gross amount of interest paid, tax that has been deducted and the amount credited to your account.  If you need to request one for this purpose, then either call into one of our branches or alternatively,  telephone our Savings Helpline on 0800 093 0002.

If you need this information for the purposes of completing a tax return, you may already have this information printed in your passbook as ‘interest credits.  Interest is usually paid on the 1 January each year or on the anniversary of your account being opened.

The UK government has, and will be signing, a number of inter-governmental agreements to share tax information, where applicable, with the tax authorities in other jurisdictions.  This was originally instigated by the US authorities and will result in additional legal requirements for financial services companies to collect certain information about each customer's tax arrangements. 

As part of the process for opening a new account with the Society we will be asking for your tax residency and tax identification numbers (where applicable), citizenship and nationality which will be retained for our records.  Please note this information will only be disclosed to the relevant tax authorities if and when required under UK law.  For more information please visit the HM Revenue & Customs website on https://www.gov.uk/government/collections/automatic-exchange-of-information-agreements.