Can someone answer my basic questions?

Mikeyorks

Yes you can change it :-

http://www.visaeurope.com/en/cardholders/verified_by_visa/faqs.aspx

........ but you will need to go via the Bank that issued your card and you'll find the option there.

The 'Verified by Visa' is suddenly working differently. In that you now get a page which often shows 'processing' ..... and the transaction often goes through without an additional password from you. If that's what's prompting your curiousity?

Mikeyorks

Angelic wrote: »

I can't change it until I want to buy something then?! Great:eek:

Yes - you can change it on your Bank's system. You won't be able to change it whilst doing a purchase.

If you can't find it - which Bank issues your card? And someone will post a link to their 'verify' page

Gromitt

If you have a current account with that bank and online banking, you can cancel the account and then withdraw the funds from an ATM at any time (except for the 'fixed rate' ISAs which are due to run some fixed term)

Or you can visit a branch and close it.

2sides2everystory

Angelic wrote:

I have one DD that is paid yearly. I clicked on a button as I thought i'd change the amount but there wasn't an option. Who actually "owns" a DD?

Finaly , I have an overdraft i've never used and probably won't as I don't like the idea of debt but I was told to leave it. Is that ok?

Can I change my verified by visa password? I can't find an option anywhere

I see you have received some various answers! Here's a few more various ones in case they help!

First the DD - you have been warned that you may still be chased for any amount by the 'originator' (the charity in your example) if the DD failed or ceased to exist and it is true you cannot change a DD. But what no-one has said is that you can go to your bank and no questions cancel it dead and let the 'originator' sing for the money. Depends on who the originator is as to what happens if you haven't agreed with them that you will stop paying. I would have thought though that a charity would have to think carefully before it started sueing for payment of donations.

However, Gromitt has counselled that the payment method may not actually be Direct Debit but Continuous Card Authority (CCA or CPA where P = Payment). CCA/CPAs are much harder to kill and generally you can only do it directly with agreement of the people you are paying. They are an abomination on this earth.

The authorised overdraft is no real problem left as it is constantly unused. Many of us have had such for decades. If you ever made a mistake and blundered into using it then hopefully it would be less painful than blundering into an unauthorised overdraft situation!

Regarding changing the verified by visa password I believe that many banks do in fact allow you to reset it if you've forgotten it (or if you click on the forgotten password link) during a purchase. It usually verifies you using date of birth and CVV number and maybe postcode and card expiry date then it let's you reset just like the first time you set the password. As I said, each bank varies how it handles it.


Oh and regarding the ISA, I think most cash ISAs are "instant access" although if I recall correctly, one or two only pay the full year interest at the expected rate if the money stays invested for the full year. However, most cash ISA providers will I think simply transfer the money to an associated (current or savings?) account (if you have one) within the same bank immediately and the pro-rata interest earned to date but not yet credited to the account will be calculated by the computer as part of the transfer process. If the ISA is a standalone at a bank where there is no associated normal bank account and where you are asking them to transfer it to another bank, then in the past there have been delays. I don't know if the new Payment Regulations have speeded it up.

br1anstorm

david78 wrote: »

Having an unused overdraft is good. It is not debt until you use it.

Careful! This may not always be true and could prove costly. See the separate thread here
https://forums.moneysavingexpert.com/discussion/3689511
about my experience with HBOS. They have started charging a hefty fee just for agreeing to permit an overdraft - even if you don't need it and never use it.

br1anstorm

2sides2everystory wrote: »

I see you have received some various answers! Here's a few more various ones in case they help!

......The authorised overdraft is no real problem left as it is constantly unused. Many of us have had such for decades.......

That's what I used to believe. But see my comment in the post above.

2sides2everystory

I don't thesedays have an HBOS current account but if I did, the moment they tried that malarkey they'd lose my business.

Gromitt

Angelic wrote: »

Another dumb question..Is a 1 year bond better than a cash ISA?
My bank is offering one at 3% and i'm wondering if it'd be a good idea to transefer my ISA money over as I don't think i'll need access to it for a bit.

If you pay tax on your savings, surely its only a 2.4% bond ?

dzug1

Angelic wrote: »

How can you be charged for someting you didn't ask for nor use?
I've had mine years and haven't been charged. I will complain if it happens...

They change the T&C of your account to make it a fee paying one. You being the dozy sort don't notice until the fee is charged - and maybe not even then.

(That's a generic you, not you personally BTW)

MoneySaverLog

dzug1 wrote: »

They change the T&C of your account to make it a fee paying one. You being the dozy sort don't notice until the fee is charged - and maybe not even then.

(That's a generic you, not you personally BTW)

br1anstorm wrote: »

Careful! This may not always be true and could prove costly. See the separate thread here
https://forums.moneysavingexpert.com/discussion/3689511
about my experience with HBOS. They have started charging a hefty fee just for agreeing to permit an overdraft - even if you don't need it and never use it.

I don't have a OD with HBOS but I do with Lloyds TSB and don't use it. I have their free Classic Account. If they ever changed their T&C and started charged for the OD facility I'd have it removed personally.