Dont Apply To A And L Yet!

humfer

floggit wrote:

'tJust opened my account but didint take the save option. Do you think I'lleget the 12% if I take it after 1at Sept

As with the 0% overdraft, unless you apply during the application you will not be able to get access to the regular saver at a later date

Brum_Man

You don't have to apply for the overdraft at the account opening stage to get it at 0% as far as I know, only the PRS.

Brum_Man

pinkie wrote:

Just not sure now whether they are covering their own back because they dont want people to know yet, or if it isnt actually happening?

It is happening, believe

murphydavid

I have an old A & L online savings account with a couple of quid in it paying 4.25% I think. Does this mean I wont be considered to be a new customer if I apply for the premier direct current account and 12% regular saver in Sept. I left it open to save re applying if the rates went up? This plan is obviously flawed so I am closing it today. There must be a lot of savers being duped into keeping larger sums in older accounts for this policy to pay.

Also please can anyone link me to the thread that relates to First Directs proposed fee introduction mentioned in this thread

Evie_P

Hmmm Alliance and leicester, souns like a good idea which is why I had moved my account to them when A & L was forst recommended on the site, except for the fact

A) they take the full 4 days to transfer funds, when you are paying in from another account
They won't increase your overdraft temporarily if you haven't received your expenses back as freqyently happens to me.
C) When you complain they suggest you take out a loan!

So though it looks good, if i had my time again i would have moved my account to them. Now my credit rating will be affected as theyappear to have a very bizare way of making bill payments as they don't send it on the day its requested ( i.e. midnight) like other banks.

EagerLearner

Does anyone else have negative feedback on A&L in terms of practicalities like the ones Evie P mentions? We're considering moving over completely from First Direct, so any comments gratefully received before we jump...

masonic

EagerLearner wrote:

Does anyone else have negative feedback on A&L in terms of practicalities like the ones Evie P mentions? We're considering moving over completely from First Direct, so any comments gratefully received before we jump...

Unlike most other banks, they do not seem to process any transactions during the day (i.e. everything goes through overnight). This means people setting up transfers to external accounts during the day will find it takes a day longer. However, if you tend to do your banking in the evening after the normal cut-off time for other bank's transactions, then you probably won't notice the difference.

I have never had any problem with recurring/future dated transactions taking longer than they should. As far as I'm aware, these are sent in the small hours on the date specified, as you would expect. However, I would ALWAYS ensure a transfer is sent in time to reach the destination account the working day before it is to be drawn on (or wait for it to show in your available balance and do the second transfer manually).

masonic

murphydavid wrote:

I have an old A & L online savings account with a couple of quid in it paying 4.25% I think. Does this mean I wont be considered to be a new customer if I apply for the premier direct current account and 12% regular saver in Sept.

I had all sorts of different issues of a variety of A&L accounts (all savings, no current accounts) when I applied and I was still regarded as a new customer as far as the Premier Direct account was concerned.

Brum_Man

murphydavid wrote:

I have an old A & L online savings account with a couple of quid in it paying 4.25% I think. Does this mean I wont be considered to be a new customer if I apply for the premier direct current account and 12% regular saver in Sept.

As said above, in a word, NO. They only mean existing relationship with regard to having a premier account already, not savings account, normal current accounts etc......

By the way, don't expect to be able to get both the Premier Direct current account paying 6.1% and the Premier Regular Saver paying 12% together.

CharleneUK

Does anyone think they may withdraw the recommend a friend in conjunction with the new interest rates? Or at least lower it back to £25? Not sure if I should wait!