Can I withdraw money from my Scottish Friendly account?

Asked 2 years ago
Withdrawing money from a Scottish Friendly account is possible, but the specific terms and procedures can vary depending on the type of account you hold. Typically, Scottish Friendly offers various products such as savings accounts, insurance policies, and investment plans, each with its own rules regarding withdrawals. For savings products, you may be able to make regular withdrawals, but there could be limitations, such as the minimum balance requirement or notice periods. In the case of insurance or investment plans, withdrawals may affect the policy's value or benefits, potentially leading to penalties or tax implications. To understand what options may be available and any conditions that apply to your specific account, it is advisable to carefully review the policy documents or guidelines associated with your product. Additionally, it would be helpful to check the official Scottish Friendly website where current information on withdrawal processes is typically provided. If there are further questions or clarification needed, consulting the website or reaching out through the contact information listed there may provide the most accurate guidance.
Adam Goldkamp is the editor / author responsible for this content.
Answered Jul 1, 2025

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