4% AER at Clydesdale and Yorks Bank until March 2015

2shy

I transfer £1000 to a Santander Account every month and dont need to use my Security Token. Maybe because its an old account. I ordered a Security Token and beyond setting it up have never had to use it.

adindas

Archi_Bald wrote: »

Courtesy of sscott5581 who posted this over on the Bank Accounts forum
Alas, you can't open those accounts online. Must go into Branch or call them, or ask to be called.

But 2 allowed per person, so might be worth to persevere.

http://www.cbonline.co.uk/personal/current-accounts/direct/
http://www.ybonline.co.uk/personal/current-accounts/direct/

Have anyone tried this and get approved for both YSB and CD ?
In Their London office, I have seen they share the same office ...

Archi_Bald

If I understand this correctly, the lowering of the limits (e.g. from £1,000 to £300 for payments and SOs) is a very recent development - like just over the last week.

System

adindas wrote: »

Have anyone tried this and get approved for both YSB and CD ?
In Their London office, I have seen they share the same office ...

Clydesdale and Yorkshire are the same bank, the differences are purely cosmetic. The bank is actually the Clydesdale but their brand name in England is Yorkshire Bank. You are only allowed two accounts - one in a sole name and the other in joint names,

ColdIron

They both operate under the Deposit Taking Licence of Clydesdale Bank plc but are owned by the National Australia Bank Group

Frank121

innovate wrote: »

You need the security token for any SOs over £300. And you need it for a host of other things.

In short - you just need the security token, end of.

If you set up a regular S/O to send the £1000 out, don't you just need to enter the security code once? If, so it will be completely automated after the 1st S/O is set up? (You will also set up a S/O to send the £1000 in from another account)

Eco_Miser

Archi_Bald wrote: »

If I understand this correctly, the lowering of the limits (e.g. from £1,000 to £300 for payments and SOs) is a very recent development - like just over the last week.

It was announced some time ago, (I've already got my security token, though I've not had to use it yet), but, TTBOMK, it hasn't been implemented yet.

adindas

Frank121 wrote: »

If you set up a regular S/O to send the £1000 out, don't you just need to enter the security code once? If, so it will be completely automated after the 1st S/O is set up? (You will also set up a S/O to send the £1000 in from another account)

Yes, that is true. That is SO is designed for e.g. for regular payment (monthly by default). But to set up SO from your CB for the first time for the amount of £300+ you will still need a token.

Quite annoying really for the person who just want to use this as a saving account.

Frank121

Hi All

I got my callback today from YB and after taking my name, DOB and address - they told me they could not open the account over the phone and I would need to visit the branch with ID! I asked whenever I could send them by post and they said no...

This is really weird as my credit history is A1 and I never have any trouble opening accounts or getting credit. I have also been registered at the same address for over 30 years.

YB are really crazy.

Anyone else have this experience?

I think I will try again tomorrow as I don't have any branch which is nearby.

Thx.

innovate

May be it's their way of 'dealing' with people who don't live in their caption area?