ICICI Bank UK

ipri

Are these a safe option? Indian I think...ta

LongTermLurker

Safe as any other bank in the FSCS scheme: protected up to £35k

You won't get many good vibes on here though...
http://forums.moneysavingexpert.com/showthread.html?t=979363 is one thread - if you search the forum, you'll find several more like it. Poor customer service is the norm.

rexel

with them 9 months no problem

Greycrow

Protected to £35K.
I've got a substantial amount with them and experienced no problems.

Sol00

As above, I have money saved with them and have never had any problems.

kingmonkey

They are safe as they are covered by the FSCS. However many people on here report customer service problems. Some claim this is due to those who have an axe to grind, or due to pure racism.

I personally have not had problems, but then again - I haven't had any problems to be dealing with customer services.

efunc

No problems myself, been banking with them about 18 months making regular transactions between my HiSave and HSBC.

Just curious, what makes you think there might be a problem. Is there something 'unsafe' with Halifax? Howabout Abbey, or Barclays? Am I missing something here??

ipri

I didnt say there might be a problem...just inviting people to give their experiences....as you see some have had problems!...I know some deals are through banks based in Nigeria...I would be a little nervous putting money there...simply due to my concerns re. political stability.

LardyCake

I have had an ICICI savings a/c plus fixed term a/c, for over 12 months - no problems so far.

Off Topic: if the Nigerian bank you are thinking of is Firstsave then it is, as they say, "Safe as any other bank in the FSCS scheme: protected up to £35k" and signed up to the banking code.

LongTermLurker

LardyCake wrote: »

Off Topic: if the Nigerian bank you are thinking of is Firstsave then it is, as they say, "Safe as any other bank in the FSCS scheme: protected up to £35k" and signed up to the banking code.

Yeah, but in Nigeria's case, there are a LOT more factors to consider, like whether you would be happy funding such a country (I'm sure the government has their feelers into the National Bank) and whether you fully trust the bank/government not to have a hand in the infamous Nigerian bank account scams. I wouldn't trust them with my bank details, because I wouldn't feel secure in the system to keep my details private. But that's just my opinion, and I may well be wrong.

To me, my details are worth more than the £35k FSCS cover.

Oblivion

LongTermLurker wrote: »

Yeah, but in Nigeria's case, there are a LOT more factors to consider, like whether you would be happy funding such a country (I'm sure the government has their feelers into the National Bank) and whether you fully trust the bank/government not to have a hand in the infamous Nigerian bank account scams. I wouldn't trust them with my bank details, because I wouldn't feel secure in the system to keep my details private. But that's just my opinion, and I may well be wrong.

To me, my details are worth more than the £35k FSCS cover.

Like Icesave and possibly some other 'foreign' banks, First Save uses the Newcastle Building Society for its administration, so your data should never leave this country. That and the fact that they are signed up to the FSCS scheme and the banking code makes them just as safe as any British bank IMHO.

Dave