Appointment With the Bank Manager

oxenryd

CLAPTON wrote: »

whyever do you want to go for a financial review with them?
if you feel you would benefit from a financial review then go see an IFA rather than a bank who will only act in the bank's interest.

Doesn't an IFA act in his best interests ?

suga49950

I suspect you are the first to complain when not told you have been earning 0.1% for the last 6 months too

chambta

jason.s wrote: »

As i said, i will be walking past the door into town anyway, so its no bother.

You never know, i might be able to get a good deal on a CC as i cancelled my lloyds one a long time ago, after the interest free period ended.

Plus i also have money to pay in.

And also what premier said

Is it not being 'sold' something if it's in your interests and you want said product?

willo65

fozmcfc wrote: »

EDIT......Just to say I have avoided speaking to my bank for years now, cause I know they will want to try to hard sell me something. I'm happy with my current situation, so don't want to change it.

Not exactly money saving.....I know this is a far fetched example but just putting my point accross, if the bank had an Exclusive offer of 10% Savings account only for selected customers and it wasn't available on the open market then you would miss out.

Whats the harm in finding out? Nobody can make someone else buy something they don't want.

starM

jason.s wrote: »

Thanks for that.

I have had the account for four years and this is the first contact i have ever had from them.

Whats a CPD marker?

Credit Policy Decline - my partner has CPD and cannot get no credit from LTSB

jason.s

chambta wrote: »

Is it not being 'sold' something if it's in your interests and you want said product?

Indeed, but i will not be parting with any money.

Im not looking for another credit card or bank account, so i could just cancel the appointment and carry on regardless.

However, i have never had one of these before, so it will be interesting to see what happens and what they offer.
:beer:

[Deleted User]

I've got the "no marketing" marker on my account with Lloyds too, but my OH gets these all the time.

Last time she went in, I went too, and it went something like this:

Account Manager: Hello, let's review your accounts.
OH: OK.
AM: I see you've got a current account, we can offer you an upgrade on that.
OH: Tell me more...
AM: It'll give you free AA cover.
OH: I've already got that.
AM: And travel insurance...
OH: Got that too.
AM: And it'll only cost you £25 a month!
OH: No thanks.
AM: But it's only £25 a month!
OH: No thanks.
AM: OK. We can also offer you a credit card with a great rate...
OH: I don't want a credit card.
AM: It'll help you spread your purchases.
OH: I don't need to spread my purchases.
AM: And the interest rate is really good...
OH: Why would I need to pay you interest when I can pay everything when I buy it?
AM: You'll get Airmiles.
OH: I don't want Airmiles.
AM: But wouldn't it be nice to have the flexibility to...
OH: Why did you ask me here?
AM: We're looking at ways to help you manage your money better!
OH: I'm just fine.
AM: It says here you've got a personal loan with us.
OH: Yes.
AM: At 12.9%?
OH: Yes.
AM: We could refinance that for you.
OH: Would that be beneficial to me?
AM: Might well be. The new interest rate would be 19.9%, and you'd only have to pay a £60 exit fee on the old loan.
OH: So that'll cost me more?
AM: Well, it depends how you look at it, of course.
OH: How?!?
AM: Because you'd be borrowing an extra £3,200, so you'd have more money in your pocket.
OH: Which I'll be paying more interest on.
AM: Well yes, but not more than £3,200 interest.
OH: But I'll have to pay that too.
AM: True. Moving on, have you thought about a mortgage?
OH: I'm not buying a house at the moment.
AM: Shall I quote you on your prospects?
OH: No!
AM: OK, so you're not looking to borrow that much right now. Maybe you've got smaller ambitions, like doing up your current home?
OH: Maybe, some day.
AM: How about making that easier with a credit card?
OH: I'm going to punch you in the mouth in a minute.
AM: Will you be using knuckledusters?
OH: Quite possibly.
AM: Excellent. Why not pay for them with your new credit card?
OH: What new credit card?
AM: It'll arrive at your house in 7 to 10 days.
OH: ARRGHGHGHHHHHHH!!!!!

Bloomberg

jason.s wrote: »

Morning all

Had a phone call this week from my local Lloyds branch asking me to make an appointment with them for an account review.

Made the appointment and have just received a letter asking me to bring in all sorts of personal details, eg nat insurance number, income and expenses, details of any savings or investments etc etc.

Why on earth would they need all these if they are just reviewing my account???

Cheers!

It seems odd that the actual branch manager wants to see you, normally there are other staff who carry out reviews and consultations. The financial services industry is now very strictly regulated and and those working in it must be seen to be giving good comprehensive advice.

The reason why they are asking for all the extra information is because they want to get a profile of your situation so that they can offer services and investments most suited to your circumstances. Needless to say they are going to try and sell you something but that is not to say that you will not benefit. Go and see them with an open mind. Remember that no matter who you see be it someone in your branch or an IFA they are ultimately there for their own benefit not yours. All the best

fozmcfc

willo65 wrote: »

Not exactly money saving.....I know this is a far fetched example but just putting my point accross, if the bank had an Exclusive offer of 10% Savings account only for selected customers and it wasn't available on the open market then you would miss out.

Whats the harm in finding out? Nobody can make someone else buy something they don't want.

Well they could ring or write to me I guess or even email me.

The other thing, is how often do you suggest I call them or go in ask them if they have a special offer for me. :rotfl:

EarthBoy

Bloomberg wrote: »

It seems odd that the actual branch manager wants to see you, normally there are other staff who carry out reviews and consultations.

The OP has put Bank Manager in the heading, but he doesn't actually say it was the branch manager in the post. He only said the bank rang him and asked him to make an appointment to go in and see them. It could have been any lowly clerk who rang him, and it is very unlikely to be the branch manager he gets to see.


These days all sorts of people are called managers when they are actually nothing of the sort. If it's a large branch there might be quite a hierarchy of different "managers" there. Lots of companies, not just banks, do this. It's to lull customers into the false belief that they are speaking to someone in a senior position who has the authority to make decisions.