S.T.A.R. PLUS ACCOUNT

How do I open a STAR Plus account?

You may come to our office to open a Star Plus Account. You will have to tell us how long you intend to keep the deposit with us.

You may also open a BPI Europe account by sending us the following requirements via post:

• Proof of ID (passport or UK photocard driving license) - must be ORIGINAL copy or AUTHENTICATED by your GP, Solicitor,  or your Bank.
• Proof of address (bank/credit card statement, utility bill, council tax bill) - ORIGINAL copy
• 1 ID picture
• Initial deposit of £50 to be credited to your account - cash or cheque payable to yourself
• Accomplished Customer Information Sheet
  
  • To download and print the form, click here or
  • Request for a copy of the form via email (indicate your name and address).

Mail all to: BPI Europe Plc, 26A and 27A Earl's Court Gardens, London, SW5 0SZ

Do I earn interest on my Star Plus  Account?

Yes, you do. Interest rates are quoted at the time of account opening and every renewal thereafter.

Do I pay tax on interest earned on my Star Account?

Interest earned and credited will be net of the 20% tax.  If you are a lower tax payer, you may request refund on the overpaid tax directly with the Inland Revenue.  If you are a non-tax payer, you should fill in the Inland Revenue form R85 which you will hand in to us or upon account opening.  Form R85 is available at our counters

How often is interest paid and credited to my Star Plus account?

Interest will be paid at the end of your contracted term or reprising date.  Should you opt for early withdrawal or pre-termination, interest will be paid as follows: On or before the first 1/3 of any term, no interest will be paid. After the first 1/3 of any term but before any maturity date, interest will be calculated on the number of days placement is outstanding, excluding the first 1/3 of any term. Example, funds placed on a 180 day Time Deposit, the first 1/3 of the term is 60 days. No interest will be paid if withdrawn on or before the first 60 days. If withdrawn on the 70th day, interest will be paid on 10 days (70 days less 60 days).

Do I get a certificate?

Yes, you will get a term deposit certificate which states your deposit terms and conditions.

To learn more about BPIE S.T.A.R. Account, click here.

Please contact us for further information. (see Terms and Conditions)