Terms and Conditions
Transfer Out Charges levied by your existing provider
1.1. Barclays Stockbrokers will, subject to the terms set out in this clause 1, reimburse Clients for any charges levied by their existing provider subject to any cap set out in clause 1.3 (“Transfer Out Charges”) as a result of transferring Assets to us.
1.2. Barclays Stockbrokers reserves the right to cease or amend the terms relating to reimbursing Clients for Transfer Out Charges without a period of notice, but not so as to affect any agreement made to reimburse Clients for Transfer Out Charges.
1.3. Barclays Stockbrokers will reimburse Clients up to £500.
1.4. Barclays Stockbrokers will only reimburse Transfer Out Charges where a Client has provided satisfactory evidence to Barclays Stockbrokers that it has paid Transfer Out Charges. Barclays Stockbrokers will act reasonably when it determines if evidence received is satisfactory for these purposes.
1.5. Barclays Stockbrokers will reimburse Transfer Out Charges within 30 days of receiving satisfactory evidence of payment of Transfer Out Charges in accordance with clause 1.4.
1.6. If you have a MarketMaster® account the Transfer Out Charges will be paid into this account. If you do not have a MarketMaster® account but have an Investment ISA, the Transfer Out Charges will be paid into the current account that is linked to your Investment ISA. If you only have a SIPP or Pension Trader Account we will send a cheque to the member.