A Nominated Account is a personal current account that you link to your Raisin Account. It is the account you use to transfer money into and out of your Raisin Account.
For security reasons, all transfers must be made between your Raisin Account and your registered Nominated Accounts.
What type of accounts can be used as a Nominated Account?
To be accepted as a Nominated Account, the account must meet all of the following criteria:
It must be a personal current account.
It must be held in your own name.
Joint accounts are allowed, as long as your name appears as one of the account holders.
The account must be held with a bank in Ireland or another European Union (EU) country.
What type of accounts cannot be used?
The following accounts cannot be registered as Nominated Accounts:
Business or corporate accounts
Accounts not held in your name
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Accounts where you only have authority to operate the account (for example, power of attorney)
How many Nominated Accounts can I have?
You can register up to five Nominated Accounts.
You will be asked to provide the details of at least one Nominated Account during the initial registration process. You can add, remove, or manage your Nominated Accounts at any time through your Raisin Account.
Why does Raisin use Nominated Accounts?
Nominated Accounts help to:
Protect your money
Prevent fraud
Ensure that transfers are only made to accounts that belong to you
Because of this, you can only transfer money out of your Raisin Account to one of your registered Nominated Accounts.
If you would like to know how to deposit funds into your Raisin Account, click here.