Applying for Chelsea Regular Savings
Whether you're a new or existing Chelsea saver, it's easy to open an account.
Important information
Please read and print the information listed below so that you can proceed with your application. We also need you to tick the box below as confirmation.
- Terms and conditions
- Chelsea standard investment account terms and conditions
- Information for Chelsea savers
- Summary financial statement
How to apply
- Complete all the relevant sections of the downloadable application form below, print it off and sign it. If you are an existing Chelsea saver and want to transfer from an existing Chelsea account, please also complete, print and sign the transfer form.
| Application form (new and existing savers) | Transfer form (existing savers only) |
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These forms are PDFs and may take a few minutes to download. The file size is detailed to give you a guide as to how long it may take on your system. You will need the free Adobe® Reader® software and weblink plugin to view these documents. If you do not have these, you can download them using the button below  Adobe, the Adobe logo, Acrobat Reader are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. |
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- You can return your application to us by post or at your local branch. Just follow the instructions below:
| By post | At a branch |
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* Please ensure that cheques are written clearly and made payable to Chelsea Building Society followed by your name. This will help us to prevent fraud. You should draw a line through unused space on the cheque so unauthorised people cannot add extra numbers or names. If you are transferring from an existing Chelsea account, you won't need a cheque but you will need to provide your passbook (if applicable). |
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- When your account is opened, you will be given a passbook as a record of your savings. Please keep this in a safe place and present whenever you transact on your account.
Proving your identity
Before you open an account with us, we will ask for proof of your identity. This is no reflection on you - it’s to ensure compliance with the Money Laundering Regulations that apply to every bank and building society. Asking for proof of identity also makes it more difficult for criminals to use stolen identities, helping to prevent financial crime and protecting you from fraud.
Proving your identity is simple and can be done by post or in person at one of our branches. Once we have taken a record of the relevant information we will return any documents to you.
Existing customers may also need to provide us with additional information – we will let you know if this is the case.
Acceptable documents
If you are opening your account by post we’ll need:
- the required item from section A, and
- one item from section B, and
- one item from section C.
If you are opening your account at a branch we’ll need:
- one item from section B, and
- one item from section C.
We will need to see these documents for each new person opening an account and they must be originals. The same document cannot be used to confirm both your name and address.
A |
A completed cheque drawn on your personal current account (sole or joint) for the opening deposit or as part of the opening deposit. We are unable to accept building society cheques as proof of identity. |
B |
One of the following Government issued documents to confirm your name:
If you can’t provide a document from the above list, the following documents are also acceptable:
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C |
One of the following to confirm your address:
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If you apply to open an account as a trustee, we will also need to identify the original settlor of the trust and the beneficiaries.
If you can’t supply one of the items listed, please call us as we may still be able to help. In some circumstances we may be able to accept other documents, or use an electronic verification system to prove your identity.
Charitable assignment
It is a condition of opening an account that new members must agree to assign any future windfall conversion benefits to Chelsea Building Society's Charitable Foundation.
This requirement applies to anyone who opens a share account with Chelsea unless that person:
- has been either a shareholding member or a borrowing member of Chelsea continuously since 19 March 2000 or
- belongs, at the date of application, to one of the classes of exempt customers (a list of the classes of exempt customers is available on request - the reason why some individuals are exempt is to avoid unfairness)
The agreement to assign any windfall conversion benefits will last for 5 years. Charitable assignment has been introduced to avoid disruption to normal business caused by the action of speculators whose main objective is to receive conversion benefits.
Chelsea Building Society Charitable Foundation is a registered charity, constituted so that a majority of its trustees are independent of Chelsea Building Society. It provides financial assistance in the form of grants to registered charities.
