Turned Down For FD Account!?

Archi_Bald

Thrugelmir wrote: »

Perhaps it escaped your notice that HSBC were the only major bank to navigate the financial crisis unscathed. Good banking practice results in a good solid business.

Barclays and Santander would probably disagree. And none of the other major banks were fined $1.9bn for helping money launderers and drugs cartells. So much for good banking practice.

gt94sss2

katejo wrote: »

I have wondered whether FD would accept me as a new customer now (I was an early customer around 1991).

I did something similar and while they would accept me as a customer but not a 'new' one. They have records going back to Day 1 so I didn't qualify for the £100 incentive.

Regards
Sunil

gt94sss2

Archi_Bald wrote: »

Barclays and Santander would probably disagree.

Actually - they would probably agree that HSBC dealt with the crisis better.

Barclays were bailed out by middle eastern investors and all the Spanish banks were in real trouble before Spain got its EU bailout.

HSBC are one of the few banks who lend less than they receive in deposits - a lesson others are having to learn now - and has traditionally kept much higher levels of reserves (Capital).

When they did want more funds - they asked their existing shareholders - and 97%+ backed them.

Regards
Sunil

katejo

gt94sss2 wrote: »

I did something similar and while they would accept me as a customer but not a 'new' one. They have records going back to Day 1 so I didn't qualify for the £100 incentive.

Regards
Sunil

I have never actually left FD so there is no question of possible rejection now. Just wondered as I have read several times about them being more fussy now.

BookerTee

BillJones wrote: »

No, they want to make money out of them, but that does not mean that they want them to be in debt.

You are writing as though it is surprising, or wrong, that this is what they want, as though you do not understand why they are in business. What is it that you would be bringing them if you banked with them? Why do you believe they are missing out by turning you down?

I thought that was what I was saying?

I am not surprised, just the opposite, what percent of a banks customers stay in credit from one year to the next? would banks like to get rid of them or be happy they stored their money with them?

As a potential customer of FD I wouldnt be going into 'debit' but I would be storing money with them. So why would they discriminate against me on that basis?

My Noddle report shows a couple of Admin Reviews & a couple of Consumer Credit File Request this year so I am at a loss as to why that would be so unpalatable to FD?

BillJones

MABLE wrote: »

I had an account with them in 1993 and wanted an overdraft. I was put through to an advisor and she wanted to know details on all my regular payments and then proceeded to go through the whole of my bank statement for that month. After a while I nearly gave up the will to live and in the end I just put the phone down. Thankfully I had another bank account with another bank and with a click of a button the overdraft was agreed in less than 10 seconds.

I am not interested in how friendly the staff are at FD. I wanted an overdraft not a best buddy.

It's interesting how people want banks to forego due diligence when they are asking to borrow the bank's money, yet get upset when this same due diligence causes a banking crisis.

It's a funny old world, really.

BillJones

BookerTee wrote: »

As a potential customer of FD I wouldnt be going into 'debit' but I would be storing money with them. So why would they discriminate against me on that basis?

Because they don't think that you'd be a worthwhile customer.

You are using "discriminate" as though it is a negative thing, but it's what businesses should all be doing, just as all customers discriminate, too.

meer53

Why do people always assume that banks don't make money from people who are always in credit and that they only make money from people who are in debt ?

dr_adidas01

BookerTee wrote: »

I thought that was what I was saying?

I am not surprised, just the opposite, what percent of a banks customers stay in credit from one year to the next? would banks like to get rid of them or be happy they stored their money with them?

As a potential customer of FD I wouldnt be going into 'debit' but I would be storing money with them. So why would they discriminate against me on that basis?

My Noddle report shows a couple of Admin Reviews & a couple of Consumer Credit File Request this year so I am at a loss as to why that would be so unpalatable to FD?

At the end of the day FD don't have to give you an account because you think you deserve one. Like all banks they can pick and choose what type of customers they want.

There maybe nothing on your credit files at all, you just simply don't fit the type of customer First Direct want to do business with.

Its time you got over it and moved on, no amount of moaning about it on a public forum is going to change what FD have decided!!