Victoria GIFT

Victoria Group Interest Funds Transfer (Victoria GIFT) is an easy, convenient way to give a GIFT to your favourite association or group.

How does it work?

  • Your association/group will be required to open an account at The Victoria Mutual Building Society.  
  • Supporters and donors will then be able to make deposits to the association's account(s) in any of the following currencies: British Pound Sterling, United States, Canadian or Jamaican Dollars. (Your foreign currency contribution will be converted to the currency in which the account is operated).
  • The executive body of your association will be able to gain access to funds in their account by submitting the regular withdrawal slips, signed by authorised officers.

How convenient is it to give Victoria GIFT?

There are several convenient options available for persons who wish to give regularly to their associations:

  • Give Victoria Mutual instructions to transfer funds from your existing or new savings account at VMBS to your association's account, one time or at regular intervals.
  • Set up a standing order to transfer the interest from your VMBS savings account to your association's account.  This transfer will be done annually when interest is due to be credited to your savings account.
  • Set up a standing order to transfer the interest from your Time (C.D.) account to the association's account at the time of maturity of the deposit, or Deposit funds (cash or cheque) to your association's VMBS account.

Rates

* Conditions apply