Ready Steady Save!
Whether you're a new or existing Chelsea saver, it's easy to open an account.
Important information
Please read and print the information listed below so that you can proceed with your application. We also need you to tick the box below as confirmation.
- Terms and conditions
- Chelsea standard investment account terms and conditions
- Information for Chelsea savers
- Summary financial statement
How to apply
- Complete all the relevant sections of the downloadable application form below, print it off and sign it. If you are an existing Chelsea saver and want to transfer from an existing Chelsea account, please also complete, print and sign the transfer form.
| Application form (new and existing savers) | Transfer form (existing savers only) |
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These forms are PDFs and may take a few minutes to download. The file size is detailed to give you a guide as to how long it may take on your system. You will need the free Adobe® Reader® software and weblink plugin to view these documents. If you do not have these, you can download them using the button below  Adobe, the Adobe logo, Acrobat Reader are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. |
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- You can return your application to us by post or at your local branch. Just follow the instructions below:
| By post | At a branch |
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* Please ensure that cheques are written clearly and made payable to Chelsea Building Society followed by your name. This will help us to prevent fraud. You should draw a line through unused space on the cheque so unauthorised people cannot add extra numbers or names. If you are transferring from an existing Chelsea account, you won't need a cheque but you will need to provide your passbook (if applicable). |
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- When your account is opened you will be given a passbook as a record of your savings. Please keep this safe and present it whenever you make a transaction on your account.
Asking for proof of identity also makes it more difficult for criminals to use stolen identities, helping to prevent financial crime and protecting you from fraud.
Proving your identity is simple and can be done by post or in person at one of our branches. The documents provided must be originals unless indicated otherwise. They must show your full name and either your residential address or your date of birth. Once we have taken a record of the relevant information we will return them to you.
Existing customers may also need to provide us with additional information – we will let you know if this is the case
Acceptable documents
If you want to apply at a branch
If you are aged 10 or over you can open Ready Steady Save in your own name at a branch with your opening deposit, one of the documents listed in section A and a document from either list B or list C that contains your address and has been sent to one of your parent(s)/guardian(s).
Please ensure that your full name, including initials, is on all documents presented.
A |
Your passport (if you have one) or your birth certificate. |
| If you are under 10, in addition to identifying you we will also need to see identification documents for your parent(s)/guardian(s) acting as trustee(s) and will need to see the following documents: | |
B |
One of the following for EACH parent/guardian who is acting as a trustee:
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C |
One of the following further items for EACH parent/guardian who is acting as a trustee:
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If you want to apply by post Ready Steady Save accounts opened by post must be operated on a trustee basis only. We will need:
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| D | Two of the following documents:
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If you can't supply one of the items listed, please call us as we may still be able to help. In some circumstances we may be able to accept other documents, or use an electronic verification system to prove your identity.
Charitable assignment
It is a condition of opening an account that new members must agree to assign any future windfall conversion benefits to Chelsea Building Society Charitable Foundation.
‘Windfall conversion benefit’ means a benefit which a person may become entitled to receive as a shareholding member or depositor of Chelsea under the terms of any future transfer of Chelsea's business to a company (ie on a conversion or takeover) but excludes the statutory right to have shares (including any balances on share accounts) converted into deposits with the company to which Chelsea transfers its business.
The requirement to assign any future windfall conversion benefit applies to anyone who opens a share account with Chelsea unless that person is an ‘exempt customer’.
To be an ‘exempt customer’ you must either have been:
- a shareholding member or a borrowing member of Chelsea continuously since 19 March 2000 or
- belong, at the date you apply to open the account, to one of the classes of exempt customers (a list of the customers who are exempt or who are partially exempt is available on request – the reason why some individuals are exempt is to avoid unfairness).
The agreement to assign any windfall conversion benefits lasts for five years (unless you are a partially exempt customer in which case the period will be such shorter period as Chelsea considers appropriate for the particular class of partially exempt customer to which you belong).
Charitable assignment has been introduced to avoid disruption to normal business caused by the action of speculators whose main objective is to receive conversion benefits.
The application form sets out your agreement, unless you are an exempt customer, to transfer to Chelsea's Charitable Foundation your rights to any windfall conversion benefits to which you may become entitled for the required five year period. Your agreement cannot be withdrawn or varied either by you or us.
Chelsea Building Society Charitable Foundation is a registered charity, constituted so that a majority of its trustees are independent of Chelsea Building Society. It provides financial assistance in the form of grants to registered charities.
