5% Savings Loophole

masonic

joe134 wrote: »

What I planned on was just topping it up just before the 6th, and transferring it to another, better paying one, straight after

That would work too, providing you've received all of your free tenners by that time.

caveman38

Getting all my money together to start using the system soon, but. As I will be opening accounts for my wife too. Are you aware of any bank that would refuse to talk to husband re. wife's account , after she'd gone through security checks.
I haven't had problems in the past. She is not too happy dealing with banks and BS on the telephone.

colsten

You need a POA if you want to conduct banking business on someone else's behalf.

caveman38

I just made an application for a FD current account which was require by my wife as a second account unrelated to 5% loophole.
On that application it asked how many debit and credit cards she already held and her current bank account.
Does the number you hold have an impact on future applications when you've already got to 5, 6, 7 etc when starting to accumulate accounts for the loophole. If debit cards are not required can that information be furnished or do they take no notice of how many cards are held?

joe134

caveman38 wrote: »

Getting all my money together to start using the system soon, but. As I will be opening accounts for my wife too. Are you aware of any bank that would refuse to talk to husband re. wife's account , after she'd gone through security checks.
I haven't had problems in the past. She is not too happy dealing with banks and BS on the telephone.

I do all the banking, as, like you, my wife hates talking to the banks.
Even when she's cleared security Q's with the bank, some refuse to talk to me, so , I end up prompting her, which does not go down well with HSBC.
They can be sticklers.
Others, will normally discuss it with me, when wife clears security Q's.
It's a hit and miss affair.
We both have POA, over each others affairs, but have never had to use it.
I just prep her, before the call, as best as possible.
If they won't talk to me, she just muddles through, and gets there in the end.
I've tried to get her to take more interest in the A/c's , but, she just hates it.
Good job all A/cs and security Q's, P/words etc are written down , in a book, and stored in the safe.
With 46 A/cs, if I snuff it first, she will need a Cryptologist to sort the affairs out.:rotfl:

bigadaj

joe134 wrote: »

I do all the banking, as, like you, my wife hates talking to the banks.
Even when she's cleared security Q's with the bank, some refuse to talk to me, so , I end up prompting her, which does not go down well with HSBC.
They can be sticklers.
Others, will normally discuss it with me, when wife clears security Q's.
It's a hit and miss affair.
We both have POA, over each others affairs, but have never had to use it.
I just prep her, before the call, as best as possible.
If they won't talk to me, she just muddles through, and gets there in the end.
I've tried to get her to take more interest in the A/c's , but, she just hates it.
Good job all A/cs and security Q's, P/words etc are written down , in a book, and stored in the safe.
With 46 A/cs, if I snuff it first, she will need a Cryptologist to sort the affairs out.:rotfl:

Or a medium?

joe134

bigadaj wrote: »

Or a medium?[/QUOTE
It would have to be Alan Turin;;
]There are times that the only way I would like to talk to the wife, is through a medium.:-)
Love her really.
Jesting aside, God forbid we both go at the same time;;( it happens, car crash), the kids would have a heck of a game sorting it out, BUT, no doubt, they would manage it.
Made a Son , LPA, so he has that job.
Only he knows where my little Black book is ??
Make them work for their inheritance:-)

Hazmongrel

why do people think this is gross? I think it's great

Lunedale

I have 6 current accounts all with fair rates of interest. I just deposit the maximum sum interest is paid on and then circulate a monthly sum around them. So maximising the best interest rates available.

Kendall80

joe134 wrote: »

I do all the banking, as, like you, my wife hates talking to the banks.

Mine too. Took me 2 weeks to get her to do the FD switch. I even practiced copying her voice at one point. Fortunately it didn't come to that.