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HomeVantage Current Account

This bank account is specially designed to meet your banking needs in the UK and India

  • Enjoy instant money transfers to any ICICI bank account in India
  • Preferential exchange rates on money transfers to India
  • A debit card that’s free to use for purchases worldwide
  • Easy control of your account – online and phone
  • Administration charges apply if the monthly average balance of all your accounts with us is less than £500.
HomeVantage Current Account

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Charges schedule
HomeVantage Current Account
Administration charges

The total monthly average balance is calculated by adding your daily closing balance of all your accounts with us for the month and dividing it by the total number of days for that month.

 Total monthly average balance Charge applied to the respective month
£500 and above 0
More than £250 - less than £500 £1
£250 and below £2
Issue of Cheque Books (For GBP only)
Free
Cash Credits at an ICICI Bank counter of up to £2000
Free
Telephone Banking / Online Banking
Free
Issue of one statement at the agreed periodicity
Free
Direct Debit setup charges
Free
Debit Card
Charges applicable for cards issued prior to January 30, 2012
Charges applicable for cards issued on or after January 30, 2012
Annual Fee for Debit Card
Free
Free
Debit Card re-issuance on expiry
Free
Free

Debit Card re-issuance before expiry
Free
Free
Debit Card Purchases in UK
Free
Free
Debit Card Purchases in India
Free
Free
Debit Card Purchases in any other location
There is a charge of 1.25% on the value of the transaction.
Free
Cash withdrawals from cash machines in UK
Free
Free
Cash withdrawal charges at worldwide VISA cash machines
Free for cash withdrawals in India.A 2.75% charge for ICICI Bank UK’s handling costs and any Visa processing fees will be included in the sterling conversion on your statement.
£2 per transaction (including India)
Transaction Charges:
GBP
USD
EURO
Cash withdrawals from Branches. If withdrawals are in excess of £2000 you need to give advance notice to that branch of ICICI Bank UK from where withdrawal is to be made.
Free
Free
Free
If a cheque you pay into your account is returned to us unpaid by another bank or branch
Free
NA*
NA*

Returned Item Charges- Insufficient funds in the account to make a payment such as direct debit, standing instruction or cheque
£15
NA*
NA*
Stopped cheque
£10
NA*
NA*
Cancellation of Direct Debit instruction
Free
NA*
NA*
Additional copy of statement (per copy per account)
£5
$ 8
€ 7
Foreign Currency Cheques Collection (21 working days approx.)
£25
$45
€ 45
Banker’s cheque /Draft
£10
$16
€ 14
Funds Transfer:
GBP
USD
EURO
To any ICICI bank account in UK
Free
Free
Free
To any Non-ICICI bank account in UK (Next business day payment)
Free
NA*
NA*
Same day transfer of money to another Bank account within the UK (CHAPS)
£20
NA*
NA*
Transfer of Money to another Bank Account within UK (SWIFT)
£10
$20
€ 15
Transfer of Money to another Bank Account outside UK (SWIFT)
£10
$20
€ 15
Request for Copy of SWIFT/CHAPS transfer
Free
Free
Free
Money Transfer to India Click here to view the options and charges for transferring money.
Miscellaneous Charges:
GBP
USD
EURO
Charges for issuing a reference to Auditors
£10
$16
€ 15
Charges for issuing a reference to other Banks
£10
$16
€ 15
Charges for investigating third party transactions on the account
£10
$16
€ 15
Interest on agreed overdrafts i.e. if we have agreed an overdraft with you to keep your account in order
14.75% Gross on the overdraft amount
Charges for unauthorised overdrafts i.e. we have provided a temporary unauthorised overdraft to you to ensure your account is in order
14.75% Gross interest on the overdraft amount & £20 fee per 30 days

Money transfers to India – online, phone and branch

Preferential exchange rates on money transfers to India

Enjoy preferential exchange rates on money transfers to India with your HomeVantage Current Account. You will get confirmed exchange rates whenever you transfer money to India, so you’ll know the precise amount that will be transferred to your beneficiary in India. This doesn’t apply to money transfers made by cheque.

You can transfer money to India using any of the following four options:

Insta Online to ICICI Bank in India

Transfer money instantly through Insta Online banking to any ICICI Bank account in India. You can save your beneficiary’s details to make transferring money even faster.

Transferring money to other Indian banks

You can also send money transfers through online banking to any bank in India which is part of the electronic clearing system of the Reserve Bank of India (RBI).

Transfer money via phone

Transf er money to India by calling us on 080 81 31 41 51 (freephone from UK landlines).

Money transfers through branch

Walk into any of our branches to make a money transfer to India.

Additional Features – HomeVantage Current Account

Chip and PIN VISA debit card

You won’t be charged for any purchases you make any where in the world using your HomeVantage Chip and PIN VISA debit card.

For all new cards issued for accounts opened from January 30, 2012 the following charge structure for international transactions through your Debit Card would apply:

Type of transaction Existing customers (Accounts opened prior to January 30, 2012) New customers (Accounts opened on or after January 30, 2012)
Cash withdrawal and purchases in UK Free Free
Purchases worldwide (Other than UK) 1.25% on transaction value, but free in India Free worldwide
Cash withdrawals worldwide (Other than UK) 2.75% on transaction value, but free in India £2 per transaction

Online and phone banking

The HomeVantage Current Account gives you complete control over your money – 24 hours a day. You can log on to online banking or call us on 080 81 31 41 51 (freephone from UK landlines). You can download statements and manage payees through online banking. For more information on managing payees please see our FAQs.

Minimum Balance Requirement and Charges

You can open a HomeVantage Current Account with as little as £1. If the total monthly average balance of all your accounts with us, such as HomeVantage Current Account, SuperSaver Savings Account, SuperSaver Bond, Fixed Deposit or HiSAVE Accounts, falls below £500; administration charges will apply. For more information please see our FAQs.

Free cheque book

Your HomeVantage Current Account automatically comes with a free cheque book.

Online statements

Each month we’ll send you an online statement for your HomeVantage Current Account in a secure format. You can also request printed monthly statements at no extra charge.

Joint accounts

You can open an individual account or a joint account, or both. For more about joint accounts please see our FAQs.

Switch your account today

If you already have a current account with another bank, you can switch to a HomeVantage Current Account quickly and easily. Simply call us on 080 81 31 41 51 (freephone from UK landlines) or visit one of our branches. We’ll sort everything out for you.

Find out more

You can find out more in our HomeVantage Current Account FAQs.

You can also read our Terms and Conditions.

HomeVantage Current Account

Eligibility
  • 18 years or older.
  • Satisfactory identity and address verification.
Interest Rate
Credit Interest HomeVantage Current Account
Gross/AER (Variable) 0%
Net 0%
Gross is the taxable rate of interest without the deduction of UK Income Tax. Net is the rate of interest payable after the deduction of UK Income Tax at the rate specified by law (currently 20.00%). AER (Annual Equivalent Rate) is a notional rate that illustrates what the annual rate of interest would be if the interest was compounded each time it was paid. Where interest is paid annually, the quoted rate and the AER are the same.
Tax Status If you are eligible for tax exemption, please contact our bank staff for help.
Conditions for bonus payment No Bonus Payment.
Withdrawal arrangement
  • No notice period required for withdrawal below £2000.
  • For withdrawals greater than £2000, one day advance notice will be required at the concerned branch.
  • No restrictions on the number of withdrawals.
  • No penalties charged for withdrawal.
  • Daily cash withdrawal limit of £300 on debit card
  • Daily purchase limit at high street merchants of £750 on debit card
  • Daily purchase limit for online purchases of £750 on debit card.
    Click here to know more
Administration charges
Total monthly average balance* Charge applied to the respective month
£500 and above 0
More than £250 - less than £500 £1
£250 and below £2
  * The total monthly average balance is calculated by adding your daily closing balance of all your accounts with us for the month and dividing it by the total number of days for that month.
Access Branch, Internet Banking, Phone Banking .
Other Charges As per the HomeVantage Current Account Rates & Charges Leaflet.

Key Product Features

  • Online Transfers to India
  • Free Visa Chip and Pin Debit Card
  • Free cheque book
  • Free monthly statements
  • Free monthly statements
  • Online and phone banking

Key Facts

  1. Who regulates us?
    ICICI Bank UK PLC is authorised and regulated by the Financial Services Authority. ICICI Bank UK PLC (registration number: 223268). ICICI Bank UK PLC (Company number 04663024) has its registered office at One Thomas More Square, London E1W 1YN.
  2. What to do if you have a complaint?
    If you wish to register a complaint, please contact us promptly at:
    Customer Relations, ICICI Bank UK PLC,
    5th Floor, Alperton House,
    Wembley HA0 1EH
    Or
    Call our Customer Service Centre at 08081 31 41 5 (freephone from UK landline)
    Or
    Email us at ukcustomerrelations@icicibank.com
    We will then arrange for a member of the complaints team to investigate and respond to you accordingly.
  3. Do we subscribe to the Lending Code and are we covered by the Financial Services Compensation Scheme?
    ICICI Bank UK PLC subscribed to the Lending Code on November 1, 2009. The Lending Code regulates all unsecured lending previously covered by the Banking Code, namely overdrafts, loans and credit cards.
    ICICI Bank UK PLC is covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
    In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank including their share of any joint account, and not to each separate account.
    For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call 020 7892 7300 or 0800 678 1100.

NRI services

We can assist Non- Resident Indians (NRIs) with a wide range of India products – Rupee savings accounts, fixed deposit accounts, India home loans and award-winning online trading services.

More about NRI services

Money transfers

Our international network and low charges enable fast and convenient money transfers with preferential exchange rates - online, in branch and over the phone.

More about transferring money

HiSAVE Accounts

Earn a high interest on your savings (at least 0.30% above the Bank of England base rate until Dec 2011). Start saving with as little as £1 (for our HiSAVE Savings Account).

More about HiSAVE accounts

We're here to help

Call us 080 81 31 41 51 (freephone from UK landlines).

If you're outside the UK, call +44 207 942 0788.

©ICICI Bank UK PLC 2012. All Rights Reserved.