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Why do I have to set up a Direct Debit in order to open an ESA?


It is not compulsory to set up a Direct Debit on your ESA, however in order for you to move your money quickly and efficiently, either on the telephone or online, we set up an electronic link between your ESA and your nominated current account. This link allows deposits and withdrawals to be carried out by Direct Debit, only on your instruction, within 3 to 4 business days.

Money will only be moved in or out of your ESA on your instruction.

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Equiniti Limited and Equiniti Financial Services Limited are part of the Equiniti group of companies and whose registered offices are Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA. Company share registration, employee scheme and pension administration services are provided through Equiniti Limited, which is registered in England & Wales with No. 6226088. Investment and general insurance services are provided through Equiniti Financial Services Limited, which is registered in England & Wales with No. 6208699 and is authorised and regulated by the UK Financial Services Authority.