Nationwide to start a new log in procedure.

powerone

adecor wrote: »

Please don't be cross with me. I've got a spare one as in the early days mine stopped working so I couldn't make any payments - easy to order on their website. I'm not able to pay anyone without the card reader and you have the pain of having to enter the numbers every time. I can transfer between accounts though.

Stopped working. then we wont be able to logon!!

powerone

Paul_Herring wrote: »

Until they start charging for (inactive) accounts.

I cant see how a building society would do this.

nick-mob

This is going to be pretty annoying, just to check balances etc you have to get the card reader out. It's bad enough using it for every transaction. I remember all my login details perfectly, so would much rather stick with that. The Natwest system of using it to add new recipients is the best IMO, that way it's less hassle when making payments, but still no money can be sent off to random accounts.

EarthBoy

powerone wrote: »

I cant see how a building society would do this.

Why not?

Halifax, back in the days when it was still a building society, once introduced a monthly account charge on all savings accounts which had a credit balance of less than £50.

Britannia once introduced a charge for all transactions on savings account with less than a certain balance (I think it was £100).

So it won't be anything novel if Nationwide start charging for inactive accounts.

knightfox

EarthBoy wrote: »

Why not?

Halifax, back in the days when it was still a building society, once introduced a monthly account charge on all savings accounts which had a credit balance of less than £50.

Britannia once introduced a charge for all transactions on savings account with less than a certain balance (I think it was £100).

So it won't be anything novel if Nationwide start charging for inactive accounts.

I have an old HSBC account. This account is over 10 years old. I pay in £1 every two months then pay it out again. The account is not inactive / dormant, just ver low use.

One day I will use the account again. Well actually it depends on what RBS do with Santander. If they call the account Santander then the HSBC will get all the nationwide money. If Santander call RBS something different then the RBS account will get the money.

knightfox

chattychappy wrote: »

Now this IS something NW could do which would improve things a bit.

I travel in Asia a lot. Previously my debit card would stay in the UK locked in a filing cabinet. Instead I must carry it with me whenever I might want to send a payment. These are countries where chip'n'pin hasn't yet been rolled out. Easy to get it lost/stolen and used fraudulently.

With the latest change I must carry it with me all the time - I can no longer monitor the account without the card - so even for short trips I will have to take it with me.

So in my case, this system increases the risk of fraud because:

1) the hassle factor will mean I check my account (including gold visa card) less frequently. I tend to check daily or every other day at the moment.

2) I have to carry the debit card around all the time - increasing the risk of loss and fraudulent use in countries which don't use chip'n'pin.

The debit card function really should be detached from the internet banking function.

I have the same problem. I use mine for propery investments. A house is let and the money paid into the account. I cant easily look at this money gone in. Its not fair.

Also when moving. You cant easily look at the account. In a hotel it look a bit funny keying into a box without drawing attention to one self. I see people getting mugged.

Left in a hotel room. This will cause too much attention.

All I need to do is check the money has been paid.

Olipro

knightfox wrote: »

I have the same problem. I use mine for propery investments. A house is let and the money paid into the account. I cant easily look at this money gone in. Its not fair.

Also when moving. You cant easily look at the account. In a hotel it look a bit funny keying into a box without drawing attention to one self. I see people getting mugged.

Left in a hotel room. This will cause too much attention.

All I need to do is check the money has been paid.

if it's THAT much of a problem for you... Skype, Telephone banking.

knightfox

Olipro wrote: »

if it's THAT much of a problem for you... Skype, Telephone banking.

Telephone banking from Hong Kong, thats sounds like fun.

I will be transfering everything to HSBC, thats easier anyway.

Olipro

knightfox wrote: »

Telephone banking from Hong Kong, thats sounds like fun.

hence the "Skype" bit

Saucepot

glider3560 wrote: »

You can (or used to be able to) print a cheque withdrawl request form from internet banking. This has a tick box that allows you to close the account.

The form has an address, but I always sent to this freepost address:
FREEPOST (SCE5918)
Swindon
Wiltshire
SN38 OBW

Thanks for that,

I also discovered

http://www.nationwide.co.uk/current_account/Important_information.htm

they like letters to close accounts