Dormancy fee for Equals Spend
If you do not use any of the cards on your Equals Spend account for any merchant transaction for 24 months, your account balance will begin to be charged. You will be charged up to £50 from your sterling balance, €50 from your euro balance and $50 from your dollar balance every month.
You will only be charged for the currency balances you have in your account. You will not go into a negative balance. If you do not hold any funds in a particular balance, you will not get a charge to that balance.
Example: You have €10 remaining in your account balance and you haven’t used any of your cards in a full 24 months. You have no money in a Sterling or US dollar account balance. The fee will debit the €10 in the 25th month of the dormancy, and no further fee will apply after that.
If you want to talk to us about this fee, please get in touch and we’ll be happy to discuss your account with you.
