Junior Accounts

Junior Saving Accounts

Important Information

Child must be in attendance when junior account is being opened (Money Laundering Regulation).

The parent or guardian named on the birth certificate will have to provide identification when opening the junior account. 

When a junior account holder turns 18 their account will be updated to an adult account, this means that the annual membership fee of £5.00 will be deducted and taken every October.

If you have any questions, please contact the office on 01418897442 or send an email to info@rwcu.co.uk 

Frequently Asked Questions

You can pay in as little as £2 per week but you need to keep a minimum of £5 in your account to keep it active.

The maximum amount that a member can currently save is £10,000.

Members can withdraw from their savings account online, over the phone and in one of our branches. 

*Please note that from 1st of October 2020 Right Way Credit Union will be limiting the amount of share withdrawals from a member’s S1 account to thirteen per year. For more information, please contact the office by emailing info@rwcu.co.uk

Online/Telephone share withdrawals will be paid into members nominated bank account, this is the account that the credit union have on file for you. If you wish to check this information before requesting a share withdrawal you can call the office on 0141 889 7442.

Please note: Share withdrawals will not be processed If you do not have a nominated bank account. If you need to update or change your nominated bank details please call the office on 0141 889 7442.

Share withdrawals can only be actioned by the account holder, should you wish to register a Power of Attorney please see links below as guidance on what legal documentation we will accept.

Yes. Right Way Credit Union is authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and the Prudential Regulation Authority Firm Ref: 446350. As part of the Financial Services Compensation Scheme (FSCS) your savings up to £85,000 are safe”