Lloyds TSB Vantage - Multiple accounts

drlabman

Tigger123 wrote: »

Hello, Just in the process of opening these accounts. Once I have deposited my £7000 in to each account do I then just add another thousand to account A then transfer it to account B and C and back to A again?

You don't need to "add" another thousand. Just send £1000 from A to B to C and back to A.

Tigger123 wrote: »

How longs does this £1000 need to sit in each account for?

Just set up a SO from A to B, and another SO from B to C, and another SO from C to A (all for the same day).

Tigger123 wrote: »

And when in the month does it need to appear in each account?

Thank You.

Doesn't matter.

StanLFC

I've got told by my branch manager that I could only have Vantage on one current account which is a little disappointing. I've already got this up and running and have had it for a while, but when I asked to setup another, she said I cant have Vantage on it.

I basically need a savings account for about 5-8 months and the interest needs to be paid monthly, so I'm now looking at a Post Office Online Saver, but it would of been nice to have multiple Classic Vantage accounts as my current account is with them anyway.

Tigger123

Thanks drlabman.

jennifernil

My OH has recently opened some Vantage accounts. He opened the first one on-line and the 2nd and 3rd by phone about a fortnight apart, no problems. There is even a freephone number on the website.

0800 015 4000

Joe65_2

StanLFC wrote: »

...told by ... branch manager ... could only have Vantage on one ... account ...

...looking at a Post Office Online Saver, ....

In the same boat.

The tempting 2.9 % Instant access at the PO seems to come with some experience of stability, reliability & security expressed here:-

http://www.reviewcentre.com/reviews158282.html

Northern Rock's offerring 2.5.

Mikeyorks

drlabman wrote: »

Just set up a SO from A to B, and another SO from B to C, and another SO from C to A (all for the same day).
.

Which is fine if you have at least £1k in all of those accounts at all times. But not otherwise - as Lloyds processing will not necessarily take the accounts in that order.

drlabman

Mikeyorks wrote: »

Which is fine if you have at least £1k in all of those accounts at all times. But not otherwise - as Lloyds processing will not necessarily take the accounts in that order.

I take your point but I was specifically answering Tigger123 who'd already said that (s)he'd deposited £7K in each account.

kar999

StanLFC wrote: »

I've got told by my branch manager that I could only have Vantage on one current account which is a little disappointing. I've already got this up and running and have had it for a while, but when I asked to setup another, she said I cant have Vantage on it. .

My manager initially told me this till I showed them their own T&C's which say "Customers are limited to a total of 3 Vantage Accounts"

http://www.lloydstsb.com/current_accounts/vantage.asp

I'd push them again and go for three. It worked for me when i stood my ground.

jennifernil

Use the phone....it's free, no hassle, very helpful staff.

StanLFC

Joe65 wrote: »

In the same boat.

The tempting 2.9 % Instant access at the PO seems to come with some experience of stability, reliability & security expressed here:-

Northern Rock's offerring 2.5.

Yeah, the PO account looked good at first, but after reading through some sites, I'm not keen now. Thanks for the link to the reviews, they are pretty poor!

kar999 wrote: »

My manager initially told me this till I showed them their own T&C's which say "Customers are limited to a total of 3 Vantage Accounts"

I'd push them again and go for three. It worked for me when i stood my ground.

Interesting stuff!

I'll give it another go then, I'll also use the "I know other people who have 3 open" excuse too.

Cheers!