Transferring your savings over to OakNorth is easy, just follow these simple steps
Open an OakNorth savings account
On the home page, click on the tile that says ‘high yield on your cash’
Select the easy access savings account
Follow the prompts on screen to set up your new savings account
Withdraw your funds from GB Bank
On the home page, click on your savings tile, where your current balance for GB Bank is displayed
Select withdraw, and confirm the amount you wish to transfer to OakNorth
Add your funds to OakNorth
Once your GB Bank funds have been returned to your wallet, then follow these steps
On the home page, click on your savings tile, selecting the new OakNorth savings product
Select add ‘Add Cash’ and confirm the amount you wish to add
Note:
Withdrawing and depositing funds with our partners will always take up to 1 working day per transaction
Withdrawing funds before 11am means they will typically be in your wallet by 5pm on the same day. If you transfer them on the same day to OakNorth, they will arrive the following business day.
You will not earn interest with GB Bank on the day you withdraw funds
You will start earning interest with OakNorth on the day they arrive in the OakNorth savings account
There will be a minimum of 1 day where interest will not be earned.
If you delay the transfer to OakNorth, you may lose additional days of interest
OakNorth savings will receive a 0.45% Sidekick Bonus.