To ICIC or not to ICIC?

Burlesque_Babe

aha.........hadn't thought of doing it 'backwards' masonic. If I set it up carefully so there were enough days to trasnfer it, it would work - maybe withdraw £500 on the 1st from ICICI and then on the 7th from my current account to the YBS.

SkipClick

Jonbvn wrote: »

So I better take my money out of Hong Kong & Shanghai Bank Corp (HSBC) then?
:rolleyes:

Yep I would move over to some where else HSBC who are they sorry I got laft!!!!. Their is another good online account gives just give out more gross than the one you have just have hunt for the bank yep English!!!!.

maveli

flac wrote: »

I opened a HiSAVE account with ICICI with no difficulty. But I was surprised to discover that the password you are required to set up on the account can only consist of numbers (0-9) and can only be six digits in length.
Just my 2 pence

Most of the ATM cards and the "highly secure" Chip and pin only got 4 digit pins. So I don't think this is an issue.

Never invest your money into a foreign banks stick to the English more safer.

Could you recommend a "English" one ? Most of them you think are owned by americans or the mainland europeans

zag2me

flac wrote: »

I opened a HiSAVE account with ICICI with no difficulty. But I was surprised to discover that the password you are required to set up on the account can only consist of numbers (0-9) and can only be six digits in length. In my view this is not secure for an internet account - especially as the account number is sent to you by unencrypted email and could be intercepted and read enroute. It is generally considered good practice to use a mixture of numbers and letters in a password to make it more difficult to guess, and a password of only six digits is very short. For this reason I myself would not be prepared to deposit money with ICICI, and I closed the account immediately.

Just my 2 pence

The password length makes no difference in security with on-line banking as you cant use a brute force attack with it.

georgy9

thanks for the replies. I dont think Ill invest my life savings with them, im not filled with confidence with what Ive read. Does anyone suggest another 'safer' high interest bank account?

ukdutypaid

I'd be interested about the reaction to ICICI, if they weren't Indian..
Point one English banks... As pointed out that's HSBC (First Direct for that matter), Abbey, HBOS, RBS, Ing and ICESAVE all out the question then.

As for the look of the ICICI internet banking. Yes it is somewhat woeful. It all works though.
Instant access, without loss of interest, i.e. A&L... Best rate in the market.
I don't work for them, I'll move me cash as soon as there's a better rate out there...

Security, yep perhaps it could be stronger. However there is little need for 2 factor authentification really is there?
Plus you can change the password, instantly online anyway.
Okay so you've got into the interface... Now what. How are you going to get any money out?
You can't draw any money out other than to the linked current account.
That can only be changed by organising a new direct debit against any new nominated current account anyway.
Plus, your savings are secure up to 90% of 35k anyway, for they are signed up to the FSCS, regulated by the FSA.

maveli

Is there a "hate everything foreign" attitude here ? Unfortunately the only "English" thing left is this attitude.... even the goverment spent majority of it's time and resource on foreign matters!!!!

SkipClick

maveli wrote: »

Most of the ATM cards and the "highly secure" Chip and pin only got 4 digit pins. So I don't think this is an issue.



Could you recommend a "English" one ? Most of them you think are owned by americans or the mainland europeans

Depends what you are looking for bonds their are two good UK banks for this if you want a online bank their is one good bank just have to hunt them down on the web!!!.

masonic

maveli wrote: »

Most of the ATM cards and the "highly secure" Chip and pin only got 4 digit pins. So I don't think this is an issue.

ATM / chip and pin cards are two factor authentication. You also need to have the card.

toby148

We applied for ICICI a few weeks ago and they have rejected our identification details twice, despite being verified by a policeman and then in a bank. If it is this hard to open we're not sure we are confident of their future customer service and will therefore put our money elsewhere.