TSB Enhance

KingL

Archi_Bald wrote: »

Why don't you do that anyway? A Branch can open your account(s), and online access, there and then.

If you ever get the account you tried to open online, that's just a bonus then.

Both branches advised against doing that while there was an open application in progress. Their reasons seemed a bit fluffy to me, but they I had already revealed that I had one on the go.

I think if it's not sorted by the end of the week, the first branch guy will be sufficiently frustrated to go against his own advice and start over.

typistretired

I noticed this on TSB Enhance feature and benefits:-


You don't need to move money between accounts to earn a competitive rate of interest. So it's easier to manage your money.

I suspect this is because they realised with Lloyds and BOS customers were just transferring between internal accounts £1000 and not from external accounts.

roxy28

typistretired wrote: »

I noticed this on TSB Enhance feature and benefits:-


You don't need to move money between accounts to earn a competitive rate of interest. So it's easier to manage your money.

I suspect this is because they realised with Lloyds and BOS customers were just transferring between internal accounts £1000 and not from external accounts.

You still need to pay in £1000 per month to the account/s so it has to come from somewhere.

KingL

<7th attempt to post this, due to MSE "token has expired" rejects>:
Yer, went into the (first of the two) branches for a final-ditch attempt.

There were still no signs of the (online) account number showing up on their systems, So we started over from scratch. Apart from a 25 minute wait for their "check-em-out" department to answer the phone, it was all pretty painless. Got 3. Maybe the other (online) one will show-up someday.

Apparently the "online" deparment are swamped 10x beyong their capacity and are mailing applications out to branches, to try and spread the workload.

Presumably, it will all sort itself out in-future. Meanwhile - everyone - apply in-branch , not online

eskbanker

typistretired wrote: »

I noticed this on TSB Enhance feature and benefits:-


You don't need to move money between accounts to earn a competitive rate of interest. So it's easier to manage your money.

I suspect this is because they realised with Lloyds and BOS customers were just transferring between internal accounts £1000 and not from external accounts.

Possibly, although an alternative interpretation is that it's their way of saying that their interest rate is so competitive that there's no need to shift money out of the Enhance....

typistretired

roxy28 wrote: »

You still need to pay in £1000 per month to the account/s so it has to come from somewhere.

Yes silly me it does have the following under interest rates:-

"All you have to do is stay in credit during the monthly billing period, and pay in at least £1,000 – your salary, for example, each calendar month."

socrates

Well when you credit the first monies in - you are already done for that month - then you can start the old

A to B - B to C - C back to A

Hominu

typistretired wrote: »

I suspect this is because they realised with Lloyds and BOS customers were just transferring between internal accounts £1000 and not from external accounts.

No, it means you don't have to move all your money into a savings account and then back into your current account to use an ATM or pay bills, you can simply leave it in your current account so it's easier to manage.

Of course, for several people on this forum they still do this, as they never want the account to drop below 5K, as that would mean eating into valuable interest.

They don't expect "Normal" people to have 11 current accounts just to get 3% on 85K.

typistretired

So even though they refer to your salary as an example internal transfers still qualify. I have been using my Nationwide Flexdirects to move £1000 back and forth so they were external credits.

KingL

Internal is fine. Ignore the marketing blurb