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How do I deposit into Child Trust Fund

4 replies

Monadami · 10/04/2010 23:49

Hi, I have my Child Trust Fund with Tesco Finance. I've scoured the site looking for info, but can't find any. Does anyone know how to make a deposit into the fund?

Thnaks

OP posts:
NoahAndTheWhale · 10/04/2010 23:58

Haven't read this yet but as it says it has contact details there will be some number to call. And hopefully it will explain how to deposit

NoahAndTheWhale · 10/04/2010 23:59

The helpline is 0845 605 5515

NoahAndTheWhale · 11/04/2010 00:01

It says this about additional payments

  1. Additional Subscriptions
a) Additional Subscriptions can be made into the Account providing the Annual Subscription Limit is not exceeded. The minimum Additional Subscription amount is £10. b) Additional Subscriptions made by cheque and standing order will only be accepted if the Voucher Number or the Account Number is quoted in the payee reference of the payment or on any correspondence attached to the payment. c) Payments by credit card, debit card or in cash are not accepted. d) If we cannot accept any Additional Subscriptions because all our requirements or the requirements of the Regulations have not been met, theywill be returned to the payee and an explanation of the rejection will be sent to you. e) If the Account has already been opened then the Additional Subscription will be invested no later than the next Business Day following the receipt of the Additional Subscription by us. f) You will receive confirmation of the Shares purchased in respect of Additional Subscriptions made by cheque and standing order. For Direct Debit payments a confirmation will only be issued for the first Direct Debit payment made, but all payments will be detailed in the Statement sent to you each year. g) If any Additional Subscription results in the Annual Subscription Limit being exceeded then the full amount of the Additional Subscription will be rejected and returned to you.
Monadami · 18/04/2010 01:29

Thank you everyone for taking the time to reply. I think I'll give them a call to clarify eeverything.

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