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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 and a debit card which can be used in India
  • Free Chip and PIN debit card for purchases worldwide
  • Administration charges apply if the monthly average balance of all your accounts with us is less than £500.

Product Details

Money transfers to India – online, phone and branch

Preferential exchange rates and a debit card which can be used in India

 

Enjoy preferential exchange rates and a debit card which can be used in 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.

 

Additional Features – HomeVantage Current Account

Chip and PIN VISA debit card

 

There will not be any transaction charges for any purchases that you make anywhere in the world using your Home Vantage Chip and PIN VISA debit card. Currency conversion fees apply. Please see table below for details .

 

Debit card charges from January 15, 2017:

 

Type of transaction Transaction charge Currency conversion fee on Visa exchange rate
Cash withdrawal and purchases in UK Free Not applicable
Cash withdrawal and purchases outside UK Free 2.75%

 

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 via website or mobile app or call us on 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls). 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.

 

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

 

Transfer money to India by calling us on 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls).

 

Money transfers through branch

 

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

 

Free cheque book

 

You can request a cheque book after the account is opened.

 

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 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls). 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.

 

View your UK and NR Account information together

 

You can now view the details of your NR Accounts held with ICICI Bank Ltd., India via your ICICI Bank UK PLC logged in section. This will make tracking your finances between the UK and India more convenient. Click here to know more.

Product summary

HomeVantage Current Account

Eligibility

 

  • 18 years or older.
  • Satisfactory identity and address verification.

 

Interest Rate

Credit Interest HomeVantage Current Account
Gross/AER (Variable) 0%

Gross is the taxable rate of interest without the deduction of UK Income Tax. 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 by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268). ICICI Bank UK PLC (Company number 04663024) has its registered office at One Thomas More Square, London E1W 1YN.

 

 

    1. What to do if you have a complaint?

      If you wish to register a complaint, please contact us promptly at:

      ICICI Bank UK PLC,

      Customer Relations,

      2nd Floor,

      One Thomas More Square,

      London E1W 1YN

       

      Or

       

      Call our Customer Service Centre at 0344 412 4444 (Calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls).

       

      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.

 

 

    1. Are we covered by the Financial Services Compensation Scheme (FSCS)?

      FSCS Coverage information 2015 click here

      We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registration Number: 223268).

      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.

       

      For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website, www.fscs.org.uk r call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.

 

Charges

Announcement:

Our Money Transfer to India and Debit Card international usage charges are changing with effect from January 15, 2017 – Click here to see the changes

 

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 - If you have 5 or less cheque leaves remaining
OR
GBP 10 will be charged to stop/cancel the unused cheque leaves in case you have more than 5 leaves

Cash Credits at an ICICI Bank counter

Free

Telephone Banking / Online Banking

Free

Issue of one statement at the agreed periodicity

Free

Direct Debit setup charges

Free

Issuance of an Internet banking password

£2 by post / online issuance is free

Debit Card

Transaction charges from January 15, 2017 Currency conversion fee on Visa exchange rate from January 15, 2017

Annual Fee for Debit Card

Free Not applicable

Debit Card re-issuance on expiry

Free Not applicable

Debit Card re-issuance before expiry

Free Not applicable

Debit Card Purchases in UK

Free Not applicable

Debit Card Purchases in India

Free 2.75%

Debit Card Purchases in any other location

Free 2.75%

Cash withdrawals from cash machines in UK

Free Not applicable

Cash withdrawal charges at worldwide VISA cash machines

Free 2.75%
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 $50 €50

Returned Item Charges- Insufficient funds in the account to make a payment such as direct debit or cheque

£15 NA* NA*

Stopped cheque

£10 NA* NA*

Cheques issued by you and rejected for any reason such as insufficient funds, undated cheque, not signed etc.

£15 NA* NA*

Direct debit rejection due to insufficient funds.

£15 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 NA* € 45

Banker’s cheque /Draft

£10 $16 € 14

Standing instruction rejection due to insufficient funds

£10 $20 €15
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)

£20 $40 €30

Transfer of Money to another Bank Account outside UK (SWIFT)

£20 $40 €30

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

 

*Not Applicable