We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Santander 123 Accounts Only Two Per Person
Comments
-
Well that was wonderfully painless.
Went into branch, applied for a few new 123 accounts, was able to specify no debit card, and they were all opened and added to my online banking with immediate effect.
The adviser wasn't aware of any limit, existing or forthcoming (That's not to say one won't be introduced of course).
It was mentioned that using 123 accounts solely as savings accounts was gently discouraged because Santander can't make any money out of it, but actually the honesty was quite refreshing.
Top marks for customer service
0 -
That's correct you can specify no debit cards or check books at the time of application.0
-
SavingFish wrote: »Well that was wonderfully painless.
Went into branch, applied for a few new 123 accounts, was able to specify no debit card, and they were all opened and added to my online banking with immediate effect.
The adviser wasn't aware of any limit, existing or forthcoming (That's not to say one won't be introduced of course).
It was mentioned that using 123 accounts solely as savings accounts was gently discouraged because Santander can't make any money out of it, but actually the honesty was quite refreshing.
Top marks for customer service
Have you got enough direct debits for 2 per account?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Have you got enough direct debits for 2 per account?
Yep, don't even have to make up any spurious ones.
As I say, this had been on the cards anyway - this thread was just an incentive to get on and do it.
(I've missed too many good* rates by dithering over the last few years, trying to be quicker off the mark these days.)
*Good in a relative sense. Until FLS was introduced I thought maybe rates might recover. Now I'm pretty convinced they won't any time soon.0 -
Except, of course that Santander123 3% can be withdrawn/reduced in a blink..SavingFish wrote: »I'd been planning to open them anyway (fixed rate elsewhere coming to an end in the next few weeks), just bringing my plans forward slightly.
Still seems crazy that this is now on a par with a new 5 year fix!0 -
Any reason not to just shred the debit cards that come from online applications?0
-
Yes, when you ring up they ask for information from the debit card0
-
Except, of course that Santander123 3% can be withdrawn/reduced in a blink..
Sooner rather than later methinks."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Hello
I have one S123 account already, but decided to open up another two online today, after reading this thread.
I do not think base rate interest rates will increase anytime soon, and also believe that Santander will not decrease the 3% rate anytime soon either..
I can always close one down later if I am wrong and interest rates on the current account do fall from 3%,
I hope my applications get accepted before Saturday? At the end of the process it did say it takes 3 working days to open...so not sure...0 -
Yes, when you ring up they ask for information from the debit card
How do you manage then when opening in branch and you're allowed to not have the debit card, then?sparkyspark wrote: »That's correct you can specify no debit cards or check books at the time of application.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.7K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 452.9K Spending & Discounts
- 242.6K Work, Benefits & Business
- 619.4K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards