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The deposit fee will be held firstly as a Reservation Deposit until the Contract Start Date and thereafter it will be held as a Payment Deposit.  
 
Reservation Deposit

 

If the Parents cancel the arrangement before childcare starts or during the Settling In Period, the Childminder will retain the full deposit.

 

If the Childminder cancels the arrangement, the deposit will be refunded less any outstanding payments. 

 

Payment Deposit
 
If the Parents cancel the childcare arrangement during the first 3 months of the contract, the Childminder will refund  50% of the deposit less any outstanding fees.

After the first 3 months of the full contract, if the Parents cancel the arrangement, the deposit will be refunded less any outstanding fees. 

If the Childminder cancels the arrangement, the deposit will be refunded less any outstanding payments.

INTEREST DOES NOT ACCRUE