Current Account

The Gibraltar Gold Current account comes with a VISA debit card*, a local and friendly branch, as well as one essential feature for residents of Gibraltar – free card use abroad.  Now you can use your N&P current account in Gibraltar, Spain, Portugal or anywhere else in the world without paying cash withdrawal, retail transaction charges or handling fees. This means that it’s ideal if you travel abroad regularly. 

The Gibraltar Gold Current Account is only available to customers who are residents of Gibraltar.

Free card use worldwide

No matter where you are, we won’t charge you for cash withdrawals**, retail transaction charges or handling fees.  All we ask is that you use your account at least five times each month or have an average balance of £5,000 or you may be charged a low usage fee of £5 a month.

See how we compare

 Source: Other provider’s websites.  Correct as at 8 April 2013.

*VISA debit card is subject to status.
**An overseas ATM or retailer may add their own charge. You would be told about this at the time of transaction. 

How this helps you

• Save time looking around for exchange rates and you won’t need to pay any commission on foreign currency or travellers cheques.
• Takes away the hassle of carrying large sums of foreign currency around. You won’t have to worry about running out of holiday money. 
• Just go to any cash machine displaying the VISA/PLUS symbol, as you would at home.

Find out more about the charges and interest rates you could incur on this account.

Exclusive savings accounts

Everyone has different needs and priorities at different times in their lives. As a Gibraltar Gold Current Account customer you can access a range of exclusive savings accounts with preferential rates as long as you fund your current account with at least £500 per month.

GOLD CLASSIC SAVER - for savers who put a little away as and when, and need to be able to get to their money quickly. This account is ideal to work alongside your current account where you can move funds across to avoid going overdrawn. Find out more...

GOLD SAVINGS ACCOUNT - for savers who like to put something away on a regular basis and watch it grow. Find out more...

NETMASTERGOLD SAVER II - You have access to your cash around the clock, all year round, with no loss of interest. Save to suit yourself - a lump sum, as regular savings, or as and when you want. Find out more...  

We’re focused on service

We’ll treat you as an individual and not ‘just a number’. You can call your local N&P branch directly whenever we are open.  Call our Gibraltar branch direct on 200 45050 or pop into our branch on Main Street.

24 hour online access to your N&P accounts

You can access your account at any time of day or night by registering with our Internet Banking service. You can view your savings accounts online, check balances, transfer money between your N&P accounts and even pay your bills.  

Low usage charge

If you make fewer than five transactions a month, you'll pay a low-usage charge of £5 a month - unless your average balance over the month is £5,000 or more.

One simple interest rate for overdrafts

Please note, if you open a Gibraltar Gold Current Account after 15th April 2013 you will not be eligible to receive an overdraft. Customers who have existing approved overdraft facilities on their Gibraltar Gold Current Account may continue to use them.

If you use your Gibraltar Gold Current Account to make payments when you do not have enough money in your account you will be charged. The interest rate for both approved and unapproved overdrafts is 17.9% EAR*. You also get a £10 fee-free buffer zone to help you manage your money and avoid overdraft charges if you only go overdrawn by a small amount (interest applies).

View all of the Gibraltar Gold Current Account rates and charges.

Representative example - customers who opened their account before 15th April 2013 

If you overdraw on 5 March for up to the maximum of £250 for 3 months, you will incur a £5 fee for each month or part month you are overdrawn and incur interest at 16.58% p.a. variable (17.90% EAR** variable). The total charge would be £31.28.

*EAR stands for Equivalent Annual Rate and does not take into account any additional charges (e.g. monthly charges) which may be applicable.

One low charge for paid and unpaid items

Paid item charges (for any payments that we pay which take you overdrawn without agreement or, if you are an existing customer with an approved overdraft limit, beyond your limit) and unpaid item charges (for any payments that we do not pay because they would take you overdrawn without agreement or beyond your approved overdraft limit) are just £15.

Click here for examples of what you could be charged if you go overdrawn.

MINIMUM BALANCE

• To keep your account open, all you need do is keep a balance of at least £1.

MAXIMUM INVESTMENT

• The most you can hold in your account is £1,000,000.

TERMS & CONDITIONS

There are a few things you should know before opening your Current Account.

Internet Banking Service Conditions

Current Account Conditions and Account Information.

If you would like any further information regarding these changes, please call us on +350 200 45050.

It doesn’t take long to apply for the N&P Gibraltar Gold Current Account, just book an appointment with one of our staff by calling us on 200 45050 or pop into our Gibraltar branch on Main Street. Appointments are usually available within 24 hours and it takes about 20 minutes to open the account (subject to status).

To apply you need to be a Gibraltar resident. Applicants must be 18 years of age or over and we must see evidence of your personal identity and address.