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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

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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

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NoahAndTheWhale · 10/04/2010 23:59

The helpline is 0845 605 5515

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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.
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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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