Tsb plus account 5%

joe134

LplateSaver wrote: »

I wonder if bf will get credit checked when he opens second plus, first plus was his first time with tsb so only has been a customer a few months. Will be great if he isn't. Trying to keep searches down for mortgage application.

can you have 2 a/cs each, and a joint, if you are a couple?

bsms1147

Two accounts each, two joint accounts between a couple - so six accounts for a couple

joe134

bsms1147 wrote: »

Two accounts each, two joint accounts between a couple - so six accounts for a couple

Thanks.Do you apply for joint, the same as sole, online?
already got 2 in OH's name,activated, and 1 in mine, not yet activated.:beer:
edit;;tried online, nogo, phone or branch.

Prof_FrinkProf

karlie88 wrote: »

I think you're only correct with the 1st point.

When you apply for a second TSB Plus account (logged out), you go through the whole application without being prompted to log in. Once accepted, you can log on yourself and see the 2nd account on online banking.



Your steps are correct when it comes to applying for your 1st/2nd Tesco current account (depends on whether you already have access to Tesco's online banking).

I've tried this but step 4 is prompting me to register for internet banking and give them a User ID and Password to use for online banking. What do you do here?

I already have online banking with TSB as well as one TSB Plus account

Thanks

calcotti

I am currently living off savings with no earned or benefit income having chosen to do unpaid voluntary work for the timebeing. Wanted to improve my returns by taking out a Classic Plus account to get the 5% interest on £2,000. Am quite capable of making monthly deposits of £500 from other savings. Since this is the only operating requirement and if I don't make the deposit it's my loss as I wouldn't get the interest there is no risk to the bank but they have tuned me down. Although they would let me have the ordinary Classic account (which of course is of no interest to me as it does have the interest).

Very helpful and pleasant staff in the complaints department but the decision by the relevant department appears completely illogical (think it was the lending department which in itself is daft as I am not asking for a loan or overdraft!).

TSB - the bank that likes to say no! Not so different after all.

colsten

calcotti wrote: »

Wanted to improve my returns by taking out a Classic Plus account to get the 5% interest on £2,000.

Sounds as if you told them you want to use the account for savings rather than as a current account?

joe134

set up 2 classic plus a/cs.
1st 11 days ago, online,second by phone, 4 days ago, 35 minutes of spiel and hard sell., .
Fully Funded both ok online.
Cannot set up SO's without Activation Code.;Ok.
1;activation code came today, doesn't work;;another ten days to wait for another.
2;go paperless or no interest;;When on the phone she said they were paperless;; They were not,I did it online.BUT, got e-mail from Lloyds saying my paperless instructions have been activated.
Another 2 Phone calls..Glitch.
then enough to have a bonfire came by post this morning.more on the way.
3;I said NO phone, or text calls;;.got 4 from market research on TSB behalf.
Is it worth it??
Only after it's finished, whenever.
Dreading doing a joint a/c next.
Happy Banking.
Good innit.:)

Reaper

calcotti wrote: »

there is no risk to the bank but they have tuned me down... think it was the lending department which in itself is daft as I am not asking for a loan or overdraft!

This is a bank account which means you are able to run up an overdraft. So unlike a savings account the bank has to take a view on whether you are a safe bet for debt. As such it makes sense that it is the lending department that made the call, and as you say you have no income of any kind it is not entirely unexpected.

eskbanker

calcotti wrote: »

Am quite capable of making monthly deposits of £500 from other savings. Since this is the only operating requirement and if I don't make the deposit it's my loss as I wouldn't get the interest there is no risk to the bank but they have tuned me down. Although they would let me have the ordinary Classic account (which of course is of no interest to me as it does have the interest).

Very helpful and pleasant staff in the complaints department but the decision by the relevant department appears completely illogical

There's a significant difference between being able to comply with the basic interest-earning requirements and being able to satisfy their credit risk based criteria for opening an account in the first place! As others have pointed out, with Classic Plus they're trying to attract genuine current account customers rather than savers and unfortunately your declared circumstances will have made it pretty clear which camp you fall into.

LplateSaver

colsten wrote: »

Sounds as if you told them you want to use the account for savings rather than as a current account?

I did as well both times (have two accounts) and oh did for his. Two different tsb branches, at three different times and no problem.