Manage your account

Adding to your Share Account

The maximum investment is £100,000. You can add money to your Share Account in a number of ways;

  • BANK TRANSFER

If you have access to online banking you can transfer funds directly to your Share Account. All you need is our bank account number 70062793 and sort code 08-90-06. Don’t forget to use your ten digit share account number as a reference.

  • STANDING ORDER

To set up a standing order with your bank all you need is our bank account number 70062793 and sort code 08-90-06. Don’t forget to use your ten digit account number as a reference.

  • CHEQUE

You can make further investments into your account using a cheque in two ways. You can take the Bank Giro Credit Slip at the bottom of your statement along with your cheque to your bank. Alternatively you can send cheques directly to our Newcastle office. Cheques sent directly to us must have your ten digit account number written on the back. All cheques should be made payable to: Shared Interest Society Ltd. 

  • Online debit card investment

If you are registered for our online member portal you can make investments using your debit card. If you are not registered and would like more information please get in touch with our membership team on membership@shared-interest.com or tel 0191 233 9100

Making Withdrawals

You can request a withdrawal by completing a “withdrawal request form”. Please ensure that you quote your ten digit Share Account number that begins with the number 10. We will also require the form to be signed by all signatories on the Share Account. We can either send you a cheque or we can put the money in your current account. We normally action the request on receipt and pay funds into your account (Mon-Fri). Please note that you need to keep a minimum £100 balance in your Share Account if you want it remain open.

Changing your Details

Address change: In order for us to change your address you can either write to us or complete the change of details form. Please ensure you include your Share Account number, your new address and a signature from all signatories on the account.

Removing or adding signatories: In order for us to change the signatories on the Share Account you can either write to us or complete the change of details form. Please ensure you include your Share Account number, your new address and a signature from all signatories on the account.

Closing your Share Account

You can do this by either sending in a letter or fill in the withdrawal form. Please ensure that you check the box to say you want to close your account and for security reasons we need signatures from everyone on your account. We can either send you a cheque or we can put the money in a current account as long as it's in your name and you provide the Account number and sort code.

Death of a member

In order for us to process a Share Account on the event of a member’s death we would need the following information:

  1. Original Death Certificate 
  2. Grant of Probate (if available, along with all named executors’ signatures if there is more than one). If there is no Grant of Probate, please could you send us written proof that you are the only executor named on the will

In the case of a joint Share Account, please contact the membership team for further details.

If you could also let us know what you would like to happen to the investment once the account has been closed.