Putting money into your savings account

Once you’ve opened your savings account, for most accounts you should pay money in within 5 business days.

You can add money to your savings account in a number of ways:

Transfer money from your bank or building society

The quickest way to pay money into your account is from another bank or building society using these details:

  • Sort code: 20-18-23
  • Account Number: 90653535
  • Reference: This should be your Principality savings account number

After your first payment, you can pay in money by standing order from a UK bank or building society account in your name with another provider. Once set up, the same amount will enter your savings account each month.

For regular saver accounts, where there is a limit on the amount you can pay in every month, you should set up your payment date for no later than the 20th to make sure we receive the standing order payment by the end of each month.

Send us a cheque in the post

  • Make your cheque payable to:

    Principality Building Society – [Your name e.g. John Smith] - [Your Principality savings account number]

  • Send your cheque to:

    Principality Building Society
    Savings Team
    PO Box 89
    Queen Street
    Cardiff CF10 1UA

Put money in at your local branch

You can visit any Principality branch or agency to add money to your account. Use our Branch Finder to find your nearest branch.
Remember, if you have an online only savings account e.g. e-Saver or e-ISA you can't put money in at a branch.

Online transactions 

All UK banks and building societies have introduced Confirmation of Payee, which checks the name on an account before a new electronic payment. 

When sending money to your Principality account, here are the details you need to know:

  • Personal or business account? select business account, even though you are paying the money to your account, you are paying it to Principality.
  • Name of payee: use Principality Building Society. If you enter any other name, including your own, you will be told that the account names do not match or only partially match. The message will vary depending on your bank.
  • Recipient bank – We use Barclays Bank as our bank account provider, so don’t worry if you see Barclays appearing as the recipient bank when putting money into your account.

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