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Savings Account - Rejection...
firstclassx
Posts: 19 Forumite
Found a 12 month regular savings account that pays 4% AER and allows regular monthly payments of up to £500 pcm which suits me fine.
I had trouble even getting a basic bank account, despite never having any DRO/IVA/CCJ/Bankruptcy etc. Couple of defaults though and I imagine there will have been 7-8 searches in the last month alone, due to trying to get a bank account sorted.
If I pop along to the building society with lots of official ID, is there any reason why I could be rejected for a regular savings account on the basis of a credit score and/or not being on the electoral roll?
Also, would they do any sort of search which would show up on my credit reference file(s)?
I had trouble even getting a basic bank account, despite never having any DRO/IVA/CCJ/Bankruptcy etc. Couple of defaults though and I imagine there will have been 7-8 searches in the last month alone, due to trying to get a bank account sorted.
If I pop along to the building society with lots of official ID, is there any reason why I could be rejected for a regular savings account on the basis of a credit score and/or not being on the electoral roll?
Also, would they do any sort of search which would show up on my credit reference file(s)?
0
Comments
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Searches for savings account applications are limited to verifying your identity / address. Being on the electoral roll always helps.
Care to share what account you are talking about?0 -
It's the Platinum Monthly Saver from Cheshire BS, (Limited Access)
http://www.thecheshire.co.uk/Savings-and-Investments/Our-Savings-Range/0 -
Anyone managed a postal app on this one?0
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