New Lloyds Vantage current account

Nine_Lives

steady__eddie wrote: »

"Why when these things come around don't we just have some sort of FAQ in post #1?"

Good thinking batman, this would certainly save a lot of posts and time but.........this is a technical question, aren't the only people who could insert the faq, the op or the MSE team ?
The op may not have ability, (I am not insulting the op by the way). The MSE team may not have the inclination, it has taken a couple of years to make a very informative thread on this forum a sticky.

There lays the problem, however a FAQ system isn't impossible. I'd say the vast majority would be more inclined to read through a Q&A session on post #1 than to delve x-number of pages in in the hope that they MAY find the answer to their question.

pqrdef

Some things can only go on so long as everybody turns a blind eye. A moderated FAQ on MSE would be a bit too undeniable and could only result in the gaming being stopped.

johnmoney05

Job done today. My last fifth current account has been added the 4% interest. I called this number 0800 015 4000. Told the advisor the account number which I wanted to add the 4%. Got transferred to another department. This advisor was very cheerful, she asked which account I wanted to add the 4%, I gave her the account number. She said "oh, you got 5 Vantage accounts, 4 accounts with the 4% on, how could you manage to get that? Cause it is only allowed to have 3 accounts with the 4%". I told her that I opened those 5 Vantage accounts many years ago. And I wanted to add the 4% on this account which was xxxxxx. She then said "yes, I can do that for you." Very surprisingly....then yes, all done.

Steve_xx

johnmoney05 wrote: »

Job done today. My last fifth current account has been added the 4% interest. I called this number 0800 015 4000. Told the advisor the account number which I wanted to add the 4%. Got transferred to another department. This advisor was very cheerful, she asked which account I wanted to add the 4%, I gave her the account number. She said "oh, you got 5 Vantage accounts, 4 accounts with the 4% on, how could you manage to get that? Cause it is only allowed to have 3 accounts with the 4%". I told her that I opened those 5 Vantage accounts many years ago. And I wanted to add the 4% on this account which was xxxxxx. She then said "yes, I can do that for you." Very surprisingly....then yes, all done.

I just had another go. No way Jose!!

johnmoney05

Steve_xx wrote: »

I just had another go. No way Jose!!

I have no idea how I could manage....the advisor said I couldn't have 4, but on the other hand she was going to add the 5?! Well, I shouldn't complain about it....

I did move all the other accounts balance down to £3000 before I made the call, with only two accounts have balance more than £5000. But I doubt that it will have any effect on it.

Steve_xx

johnmoney05 wrote: »

I have no idea how I could manage....the advisor said I couldn't have 4, but on the other hand she was going to add the 5?! Well, I shouldn't complain about it....

I did move all the other accounts balance down to £3000 before I made the call, with only two accounts have balance more than £5000. But I doubt that it will have any effect on it.

Well I'm pleased that you have managed to get it put on 5 accounts.

The account I requested it to go on had £1 in it, no DD's and didn't have 1k a month going into it. He pointed out that it didn't have 1k a month going into it and I said that it could have. Then he said it didn't have 2 DD's set up on it and to call back when it did. I told him they weren't mandatory until 31 Oct and he went off to speak to someone. Came back and said you have 10 accounts and should only have 3. I decided to end it there as even leaving the other 7 accounts at 3% might be attractive given current rates on easy access accounts.

DebtClearer

Wait, you all have like 5 of the same account types with the same bank???? Is that allowed? Surely you can't keep getting a new customer bonus and you already hold other accounts?

What is the major benefit of doing this?

Steve_xx

DebtClearer wrote: »

Wait, you all have like 5 of the same account types with the same bank???? Is that allowed? Surely you can't keep getting a new customer bonus and you already hold other accounts?

What is the major benefit of doing this?

In the past LTSB allowed you to have multiple accounts. Well not so much that they allowed it as they didn't seem to notice it. They used to pay 4% on blalances upto 7k, but then changed it to paying 3% on balances upto 5k. Now they've offered to put the 4% back on just 3 accounts so we're all trying to craftily get them to add it to any other accounts in excess of the 3 legitimate ones!

innovate

DebtClearer wrote: »

Surely you can't keep getting a new customer bonus and you already hold other accounts?

Lloyds don't have a new customer bonus.

DebtClearer wrote: »

What is the major benefit of doing this?

4% on 18K is more than 4% on 6K.

badger09

innovate wrote: »

4% on 18K is more than 4% on 6K.

3 times more :T