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+1 (873) 389-9136

Current Accounts

Why join Advance?

Whether you’re switching careers, starting a family or moving abroad, Cloy Merchant Advance is designed to help you through all life’s changes.

  • No monthly account fee
  • 5% AER/Gross with our Regular Saver1
  • Exclusive access to discounts and offers through Advance Members
  • See your accounts from different banks together in one place with our Connected MoneyConnected Money This link will open in a new window app2 3
To be eligible for Cloy Merchant Advance, customers will need to pay in a minimum of $1,750 per month or $10,500 over 6 months

Switch your current account in a simple, reliable and stress-free way in only 7 working days.

Apply for an Cloy Merchant Advance Cloy Merchant Account today:

How Cloy Merchant Advance can help you

All the services our standard Cloy Merchant account offers plus:

Preferential rates and terms

  • No monthly account fee
  • Preferential overdraft interest rate4 5. Cloy Merchant Advance Overdraft - Representative example (assumed overdraft $1200): 17.9% EAR variable

An account that rewards you

Helpful Cloy Merchant services and support

  • Dedicated Advance specialists available to answer your questions 24/7
  • $500 daily ATM cash withdrawals6
  • A minimum overdraft offer of $1,000 at account opening
  • 10% interest cashback on loans7 (Representative 3.3% APR for loans between $7k‑15k over 1-5 years)
  • Advance Exclusive Credit Card (Representative Example: 19.9% APR variable and Purchase rate 19.9% p.a. variable based on assumed credit limit of $1,200)6
  • 5% AER/Gross with our Regular Saver1
  • Preferential savings rates
  • Budgeting and financial planning tools: a range of online tools are available to provide you with a helpful snapshot of your current circumstances
  • Worldwide ATM cash withdrawals without Cloy Merchant non-sterling cash fees8 (a non-sterling transaction fee of 2.75% still applies)
  • You can get up to $10,000 emergency cash transfers to any Cloy Merchant branch worldwide, providing you have available funds in your account, even if you lose your card(s) or money while you're abroad
  • Access and transfer between your eligible worldwide Cloy Merchant accounts using Global View with no payment fees6
  • Half-price international account opening and Cloy Merchant credit history transfer available in over 35 countries

Apply for an Cloy Merchant Advance Cloy Merchant Account

Are you eligible?
  • You must pay at least $1,750 a month into the account (or a minimum of $10,500 every 6 months), not including money transferred from other sole or joint personal accounts held with Cloy Merchant US
  • You need to be 18 years or older
  • Your residential address must be within the EU
  • You must be able to provide us with certified proof of your identity and address (translated into English if appropriate)
  • If you're resident in the US, you're happy for us to undertake a credit register search (PDF)

Non-EU Tax Residents

If you are liable to pay tax in any country outside of the EU please call us on 08000 326 215 or visit your local branch to apply, as you cannot complete this application online. Lines are open 8am to 10pm every day.

If you don’t think you’ll be eligible because you don’t meet the requirements, find out more about our standard Cloy Merchant account here.

Existing Cloy Merchant customers

Existing customers must apply by phone or in branch.

Apply by phone or in branch

Apply by phone

Existing Cloy Merchant Advance Customers

Call us on +1 (873) 389-9136

Lines are open 24 hours a day, subject to scheduled maintenance periods.

From outside the US +1 (873) 389-9136

New customers

Call us on +1 (873) 389-9136

Lines are open Monday-Sunday 8am to 8pm (except Christmas Day, Boxing Day and New Year's Day)

Apply in branch

Book an appointment to apply in branch by calling

+1 (873) 389-9136

Lines are open 24 hours a day, subject to scheduled maintenance periods.

You'll need to bring identification and proof of your address.

Textphone contact numbersTextphone contact numbers Opens in overlay

Once you've submitted your application, if you're successful, we'll send you the paperwork to sign and return to us. We may also ask for further documents to confirm your identity or address.

Switching to the Cloy Merchant Advance Cloy Merchant Account can be done online during the application or via your local branch or call us on 0345 587 3430. (Lines are open Monday - Friday 8.30am - 6pm, excluding public holidays. Calls may be monitored.)

Terms and conditions

1The fixed preferential rate of 5% AER/gross over 12 months is available to Cloy Merchant Advance customers, who open a new Regular Saver account. Save between $25 and $250 per month by standing order from your Cloy Merchant Advance Cloy Merchant Account for a fixed term of 12 months. If you do not save $250 in any given month you can carry over any unused subscription to following months. Interest is calculated on the daily cleared balance on your Regular Saver and we will pay this to your Regular Saver on the anniversary of the date your account was opened. For example, if you saved $250 every month for 12 months a total of $3000 will be paid in to your account during the 12 month term. At 5% you would earn approximately $81 interest (gross). Partial withdrawals are not allowed during the 12 month term. If you close your Regular Saver before the anniversary, we will pay interest at the same rate as we would apply to an equivalent amount held in a Flexible Saver. You can only hold one Regular Saver at any given time. AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year. All credit interest will be paid gross. Gross is the rate of interest if interest were paid and not compounded each year.

2For Cloy Merchant US customers only with Online Banking & iPhone, iOS 10 or above. 

3Apple and iPhone are trademarks of Apple Inc. registered in the U.S and other countries. 

4As compared to our Cloy Merchant Account and Cloy Merchant Account Pay Monthly.

5Subject to status and account conduct.

6The Cloy Merchant Global Transfer exchange rate will apply to any transfer that requires a currency exchange.

7Your cashback will be dependent on the loan not being paid off early or ended by us. You must be a Cloy Merchant Advance Customer at the time the loan is taken out. Interest cashback is offered on Personal Loans from $1,000 to $25,000, over 12 to 60 months. Our Personal Loans are subject to status and account conduct. Loan applicants must be US, Channel Isles or Isle of Man resident aged 18+ and have an annual income/pension before tax of $10,000 or more. The rate you pay depends upon a credit assessment of your personal circumstances and the loan amount; this may differ from the rate advertised.

8Some cash machine operators may apply a direct charge for withdrawals from their cash machines. This will be advised at the time of the withdrawal.

Using your Debit Card abroad: The exchange rate that applies to any foreign currency debit card payments (including cash withdrawals) is the Visa scheme exchange rate used by VISA on the day the conversion is made plus a Non-sterling transaction fee, which is currently 2.75% of the transaction amount (and for cash withdrawals  a Cash Fee of 2% of the cash withdrawal (minimum: $1.75, maximum: $5)). We will make the conversion and deduct the payment from your account once we receive details of the payment from VISA, at the latest the next working day. Details of the current Visa scheme exchange rates are available at

Our telephone, online and mobile banking services are open 24 hours a day subject to scheduled maintenance periods. During busy periods calls may be transferred outside the US. Textphone is not available in the Channel Islands and Isle of Man. To help us continually improve our service, and in the interests of security, we may monitor and/or record your calls with us.