New Lloyds Vantage current account

missile

mary wrote: »

I have 4 Classic Vantage accounts but just realised that the additional 1%, has not been added to my 4th account, I am just getting the 3%. Has anyone else with 4 accounts managed to get Vantage 4% added to all 4 accounts?

I have 4% on 4 accounts, but this was an error and I hope LTSB do not realise their mistake.

DocProc

innovate wrote: »

I am afraid, I don't think the T&Cs support what you are saying. It is very clear that you had to meet certain criteria, incl applying by 31 October 2012, not least because the offer was only available to applications from 10 September 2012 to 31 October 2012.

http://www.lloydstsb.co.uk/current_accounts/vantage_ts_and_cs.asp

Your link doesn't seem to work, in that it only takes me to the bank's Home Page.

Here is the relevant section of the T&Cs:

Vantage terms and
conditions – for customers withthe limited up to 4% AER offer from 10 September
2012 – 31 October 2013









Vantage 4% Interest Rate –
Eligibility Requirements



You can participate in the 4%
interest rate until31 October 2013 if you





· apply for Vantage or you applyto add this rate to your existing
Vantage account; and





· have at least two directdebits set up on your account by 31st
October 2012.





If you change your Vantage account
before 31October 2013 to another account with Vantage and you qualify for the
limitedoffer interest at the 4% rate, we may only pay you interest up to 3%
monthly.If this occurs, a balancing payment representing interest earned between
thepossible 3% paid and the 4% you are entitled to compounded, will be paid
intoyour account in November 2013.

I feel it does not clearly say that one has to apply before 31 October 2012

However, it does clearly say that one does have to have the Direct Debits sets up by 31 October 2012.

If you can find the bank's web site page that shows Interest Rates then this does clearly mention an application deadline date of 31 October 2012. I Did not go to this page, I merely looked at the T&Cs page.

My point being that surely the T&Cs should mention EVERYTHING - not just some of the contractual conditions.

The wording in the T&Cs is not clear, IMHO.

carpy

i've got £15.51 on 3 and £9.73 on the other 3.

dd's set-up but not taken since 5th Oct

Hominu

DocProc wrote: »

Unfortunately therefore, I have missed out on the 4% offer just because I didn't ring the bank and ask to be put on it and do so by 31 October 2012.

Hold on a minute. You've been a member here since 2005 and you've read this thread. Did you think that people were ringing and visiting the bank just for a chat? Did it not cross your mind that there might have been another reason?

mary

carpy wrote: »

i've got £15.51 on 3 and £9.73 on the other 3.

dd's set-up but not taken since 5th Oct

Likewise, 3 x £15.51 and 1 on £9.73.

Chjaka

My apologies if this has been covered elsewhere, I have checked but could not find any post relating to the subject.

Has anybody cancelled or transferred the direct debits that were required to setup their 4% vantage accounts, and if they have, are they still receiving 4% interest on those accounts?

I need to shift a few DD's across to meet the new conditions on the Halifax reward accounts but did not want to compromise the more profitable vantage accounts.

Thanks in advance.

innovate

I wouldn't chance it. It's dead easy to set up new DDs just for the purpose of the Halifax Reward. I have set up a list of savings accounts that allow DDs in another post but don't have the link handy right now - search for it, may be in the Halifax Reward thread over on the Banking board.

missile

Chjaka wrote: »

My apologies if this has been covered elsewhere, I have checked but could not find any post relating to the subject.

Has anybody cancelled or transferred the direct debits that were required to setup their 4% vantage accounts, and if they have, are they still receiving 4% interest on those accounts?

I need to shift a few DD's across to meet the new conditions on the Halifax reward accounts but did not want to compromise the more profitable vantage accounts.

Thanks in advance.

Hi,
I would suggest you leave the DD in place but stop any regular payments. Please note, there is not (and never was) a requirement for the 2 X DD to be active. Start another new DDs to switch to Halifax.
On two of my accounts, I was unaware that Tesco had cancelled them for some unknown reason. LTSB wrote to advise me and kindly gave me another month to re-arrange. :T

Chjaka

missile wrote: »

Hi,
I would suggest you leave the DD in place but stop any regular payments. Please note, there is not (and never was) a requirement for the 2 X DD to be active. Start another new DDs to switch to Halifax.
On two of my accounts, I was unaware that Tesco had cancelled them for some unknown reason. LTSB wrote to advise me and kindly gave me another month to re-arrange. :T

Perfect, just the information I was looking for. I wasn't sure if TSB were actively monitoring the presence of DD's as when the accounts first became available they were giving contradictory information on whether they would or not. Now I know that they are, I shall leave them well alone.

Cheers folks.

blindman

missile wrote: »

Hi,
I
On two of my accounts, I was unaware that Tesco had cancelled them for some unknown reason. LTSB wrote to advise me and kindly gave me another month to re-arrange. :T

Tesco did the same to my wife's account also

Got a slightly snotty letter from Lloyds warning her to set up some more.

I keep a monthly check on all the DD's now :cool: