Whiteaway Laidlaw

MarkFromCornwall

I'm interested to hear of other people's experiences, positive or negative, with Whiteaway Laidlaw Bank.

Mark

10_66

I had a savings account with them a few years' ago, and found then to be very efficient.

Loughton_Monkey

I recently had an insurance renewal and found myself wanting to 'park' £50K for the balance of the year. I have a 3.15% 6-months notice account with Close Brothers, and so considered that. But then discovered I could get 3.35% for a 6 months fix, and so I threw it in.

There is no Internet lookup - but that's hardly necessary for such an account. Set up was a doddle. Confirmation letter gave details of the account, which I fed by a simple BACS transfer on Interenet Banking. Confirmation of deposit letter received.

They promise to contact me a month before 'maturity' to discuss what to do with the funds.

OnlyMe_08

Loughton Monkey - How long did it take for your welcome letter to come through with account details from initial application?

ed123_2

...I recently opened a fixed term account with and was disappointed at the time taken to set up the account......approx. two weeks.

OnlyMe_08

ed123 wrote: »

...I recently opened a fixed term account with and was disappointed at the time taken to set up the account......approx. two weeks.

why - because of security checks?

Loughton_Monkey

OnlyMe_08 wrote: »

Loughton Monkey - How long did it take for your welcome letter to come through with account details from initial application?

Internet Application: 10th May.
Confirmation e-mail: 10th May.
Telephone call from WL confirming Account details: 11th May.
BACS transfer over Internet Banking £50K sent from First Direct: 11th May.
Written confirmation of Account details: Dated 12th May (rec'd 13th)
Written confirmation of £50K credited to new account: Dated 13th May (rec'd 14th).

OnlyMe_08

Loughton_Monkey wrote: »

Internet Application: 10th May.
Confirmation e-mail: 10th May.
Telephone call from WL confirming Account details: 11th May.
BACS transfer over Internet Banking £50K sent from First Direct: 11th May.
Written confirmation of Account details: Dated 12th May (rec'd 13th)
Written confirmation of £50K credited to new account: Dated 13th May (rec'd 14th).

Wow, things progressed pretty quick for you back then!

Applied late Friday afternoon; received email confirmation of account successfully opened on the following Monday. Three days later, still no letter regarding account to pay into.

No phone call for me, but I must say you were brave to send that amount on verbally quoted account details.

Loughton_Monkey

OnlyMe_08 wrote: »

.....No phone call for me, but I must say you were brave to send that amount on verbally quoted account details.

I was anxious to get it 'working' and 'in' before the weekend.

But I did take precautions. 1. I wrote the details down very carefully, and repeated them to the guy. 2. I checked the sort code on line to make sure it was WL. 3. I also phoned back and asked someone else there to confirm.

I recently opened a Coventry 'Poppy' account online. The Sort Code and Account Number were given online. But I sent a 'test' £10 first and checked it didn't 'bounce back' before I sent a more substantial figure. You can't do this with WL, because it's a fixed bond.

OnlyMe_08

To those who've applied for Whiteaway's 1 year fixed term, did your letter confirming receipt of funds state rate or account type?