Opening An Account

We have tried to anticipate, and answer, some of the questions that we think you might have about opening an account with Scarborough Channel Islands Limited. However, if you have a question that is not included in the Q&A please let us know.

Who can apply?

All accounts can be opened by an individual(s).

How do I open an account?

Please read all the relevant account details and our Terms and Conditions before you apply to open an account. Once you have read these, simply print and complete an Application Form and send it, together with your deposit and two forms of identification (please refer to the Application form and Terms and Conditions for details of acceptable forms of identification), to the address shown on the Application Form.

Alternatively, you can request further information, including an Application Form, by completing our Contact Form.

Once the account is opened, we will send you an annual statement and written confirmation of all deposits and withdrawals over £100, together with your latest balance. Information on making withdrawals can be found on the Operating your account page.

Please note that under the terms of our deposit taking licence we are obliged to obtain confirmation of identification and it is essential that you complete the section Verification of Identity in the Application Form. We may write to your bank for confirmation.

How much can I invest?

Please refer to the individual account pages for minimum and maximum investment levels as these may vary according to the product.

  • Scarborough Channel Islands Limited is licensed under the Banking Supervision (Bailiwick of Guernsey) Law, 1994 as amended.
  • Scarborough Channel Islands Limited Registered office is Suite 5 North, Town Mills, Rue du Pre, St Peter Port, Guernsey, Channel Islands, GY1 3TR. Registered in Guernsey No. 25871.
  • Scarborough Channel Islands Limited is a wholly owned subsidiary of Scarborough Building Society, which is authorised and regulated by the Financial Services Authority (Register Number 206062).