On 31 January 2019, the UK is due to leave the European Union.
We'd like to reassure customers that Cater Allen Private Bank remains committed to our customers and to the United Kingdom.
As a UK bank we're subject to the requirements of the UK regulators such as the Financial Conduct Authority and the Prudential Regulation Authority.
Like any prudent organisation, we've been undertaking contingency planning around Brexit and we're well positioned to continue to help people and businesses prosper in the weeks and months ahead.
We have no plans to make changes to our products as a result of the UK's withdrawal from the EU, but if we do need to make any changes in the coming months, we'll provide our customers with as much notice as possible.
Deposits with Cater Allen Private Bank are held in the UK.
Cater Allen Private Bank customers' deposits are currently protected by the Financial Services Compensation Scheme – which applies to eligible deposits held in the UK up to £85,000 per customer. Following the UK's departure from the EU, the compensation limit will continue to be set by the Prudential Regulation Authority and will be independent from any limits set by the EU.
As Cater Allen holds its own banking license, a customer's deposits with Cater Allen are, for the purposes of FSCS cover, distinct from any deposits they may hold with Santander UK plc.
Further information on Brexit and the FSCS can be found on the FSCS website.
Yes, the use of cash machines and how customers use their cards to pay for goods and services are not affected by the UK's exit from the EU.
No, standard banking payments such as standing orders and Direct Debits remain the same.
Yes, Internet Banking isn't affected by the UK's exit from the EU.
Yes, there are no changes to the international payments you are able to make when sending money abroad.
If you're thinking of moving abroad, we'll continue to service your products.
There may be countries now or in the future which we will no longer be able to service due to changes to their regulation or political instability. If we are no longer able to service your account when you move abroad, we will let you know when you tell us your new address details.
Although we will still be able to service any account you have with us and we haven't made any changes to our services, we're continuing to consider the consequences of the UK's withdrawal from the EU. We'd like to reassure you that if we do need to make any changes in the future, we'll write to you and provide you with as much notice as possible.
Since August 2018 the UK government has published a series of technical notices that provide detailed guidance for businesses. These cover a wide range of topics across a number of different sectors, as well as regulatory and employment information.
You can view other government information about preparing for Brexit on the gov.uk website.
We can't accurately predict the effect on trade flows, however with 'no deal' Brexit there may be some disruption at UK ports and airports, which may affect just-in-time manufacturers. Information is available from the government's website and from trade bodies.
You will need a UK Economic Operator Registration and Identification number (EORI) to continue trading with the EU after 31 January 2019. An EORI number is a unique identifier given to importers and exporters by HMRC and provides information to customs authorities in order to implement EU security measures.