Arrrrrgh!!.............Why do I bank with LTSB ?

D1zzy

ecosse48 wrote: »

I opened an NS&I one year bond today for £40k . I checked with my local LTSB if it would go through okay, they said there was no reason for it not to !!!!

Will keep u posted

Lets hope they don't close it whilst LTSB are busy preventing you from getting access to your own money.;)

ecosse48

Hope you'r not trying to put a jinx on me here Dizzy

I shall give them one chance only, any probs and I will empty my account and transfer into my wifes Halifax account,come to think about it, given your problems I should have done that in the first place !!!!

Got an email from ns&i a few mins after applying, at least they are on the ball. fingers crossed it should be okay though after all the branch assured me there wasn't a limit on debit card transactions....hmm we shall see:eek: :rotfl:

D1zzy

ecosse48 wrote: »

Hope you'r not trying to put a jinx on me here Dizzy
it should be okay though after all the branch assured me there wasn't a limit on debit card transactions....hmm we shall see:eek: :rotfl:

As they did me

I applied on Friday got the OK email immediately and the the "LTSB says no" email today - so you should get yours tomorrow

Actually hope yours goes through OK :j ......... but will be well p***ed if it does after my turn down - have been assured again by my branch thet there will be no probs with 30K. Will keep you posted

rb10

markfrommullion wrote: »

i wonder how multi-millionaires manage their money. I'm sure they don't sit around transferring it from one acccount to another in chunks of less than £20k. Anyone know?

Chaps......................

1echidna

rb10 wrote: »

Chaps......................

And a few days interest on £100k or more than covers the cost Not that it applies to me . I consider myself lucky enough to be able to transfer tens of thousands around.

Being a Lloyds TSB customer and hearing about increasing Internet fraud I am in one sense quite comforted to experience their checks and transfer limitations and just hope that they have indeed managed to at least frustrate and better actually catch some criminals trying to cash in.

D1zzy

1echidna wrote: »

Being a Lloyds TSB customer and hearing about increasing Internet fraud I am in one sense quite comforted to experience their checks and transfer limitations and just hope that they have indeed managed to at least frustrate and better actually catch some criminals trying to cash in.

There's a balance to be had between frustrating fraudsters and frustrating your customers. :rolleyes:
LTSB's biggest problem is their refusal/inability to communicate basic information (readily available from other banks) to their customers, using security as an excuse.

Andystriker

Hi,

Anyone know what the limit is for Nationwide.

I am in the process of opening a NSI bond in the next few days with £25,000 from my Flex Account. Will I Need to ring Nationwide?

Andy

D1zzy

Andystriker wrote: »

Hi,

Anyone know what the limit is for Nationwide.

I am in the process of opening a NSI bond in the next few days with £25,000 from my Flex Account. Will I Need to ring Nationwide?

Andy

Nothing to lose - although there is no guarantee that they will give you the correct answer. :rolleyes:

1echidna

D1zzy wrote: »

There's a balance to be had between frustrating fraudsters and frustrating your customers. :rolleyes:
LTSB's biggest problem is their refusal/inability to communicate basic information (readily available from other banks) to their customers, using security as an excuse.

You have a good point, but on the other hand if the rules were set in stone and posted on this board the criminal would have an advantage. Perhaps I am lucky never to have been really inconvenienced by them. Although I was somewhat annoyed when transferring ten thousand pounds I saw a message flagged up that their verification procedure could take up to two days (and leave me a few quid down on lost interest). Fortunately I received a call about an hour later and the payment was cleared for payment that day.

ecosse48

Dizzy,

arghhhhhh got an email as you predicted, Lloyds blocked the transfer of funds ....grrrrr
I will go see them today to get it sorted, they have one chance only ..any probs and I will close my account