How quickly will security be released?
If we are directed to release the security sum in full, we will make a trial transfer of £10 to the originating UK bank account usually within three working days. When the person giving security confirms receipt, the balance will normally be transferred on the next working day.
If any money is to be transferred to a third party or a bank account different from the one from which funds were originally transferred, KYC checks must be made before funds can be released. It may be simpler for the person who gave security to satisfy all claims beforehand, so the surveyors can direct that security is returned without delay to the originating account without any further checks being necessary.