1. How do I open a S.T.A.R. Plus Account?
You may come to our office to open a S.T.A.R. Plus Account. You will have to tell us how long you intend to keep the deposit with us.
You may also open a BPI Europe account by sending us the following requirements:
A. For identification documents, at least one of the following:
i. Valid EU Passport;
ii. Valid passport and visa if not EU citizen
B. For proof of address, at least one of the following:
i. Original current bank statements or credit/debit card statements (online statements are NOT
acceptable). Must be the latest document and issued within the preceding 3 months;
ii. Original copy of any of the following utility bills: electricity, gas, and water. Must be the latest document
and issued within the preceding 3 months (mobile phone statement is NOT acceptable).;
iii. Current council tax statement
iv. A recent government issued document, or issued by a judicial authority, a public sector body or
authority or another FCA - regulated form in the UK Financial services sector or equivalent address
such as Her Majesty's Revenue and Customes (HMRC), electoral board.
C. At least GBP50.00 initial deposit (thru bank transfer which will be done when the application has been approved); and
D. Photocopy of National Insurance card or documents indicating your National Insurance number.
You may send your application thru any of these options:
Accomplished Customer Information Sheet
To download a copy of the form, click here (https://bpiexpressonline.com/media/uploads/57513407bd172_CIS_2016(1).pdf).
Mail all to: BPI Europe Plc. 26A and 27A Earl's Court Gardens, London, SW5 0SZ
2. Do I earn interest on my S.T.A.R. Plus Account?
Yes, you do. Interest rates are quoted at the time of account opening and every renewal there after.
3. Do I pay tax on interest earned on my S.T.A.R Account?
Effective 06 April 2016, BPIE will no longer withhold any tax on interest paind on savings and time deposits.
4. How often is interest paid and credited to my S.T.A.R. Plus Account?
Interest will be paid at the end of your contracted term or reprising date. Should you opt for early withdrawal or pre-termination, interest will be paid as follows: On or before the first 1/3 of any term, no interest will be paid. After the first 1/3 of any term but before any maturity date, interest will be calculated on the number of days placement is outstanding, excluding the first 1/3 of any term. Example, funds placed on a 180 day Time Deposit, the first 1/3 of the term is 60 days. No interest will be paid if withdrawn on or before the first 60 days. If withdrawn on the 70th day, interest will be paid on 10 days (70 days less 60 days).
5. Do I get a certificate?
Yes, you will get a term deposit certificate which states your deposit terms and conditions.
6. How to pay-in to / deposit to / credit your BPI Europe GBP S.T.A.R. Account?
PLEASE NOTE: Your BPIE account will be credited as soon as we verify receipt of your funds/pay in. We will advise you of other pay-in options in due course.
7. How to withdraw from / debit against your BPI Europe GBP S.T.A.R. Account?
8. How to do your remittance transactions (available to BPI Europe Accountholders only)?
For certain types of transactions, in compliance with Anti-Money Laundering Regulations, additional documents on proofs of source of funds and purpose of remittance will be requested before processing of your remittance.
Please contact us for further information. (see Terms and Conditions)