Money stuck in savings accounts (TSB)

Richy23

Hi,

Hoping this is in the right part of the forum!

Basically I've recently switched to Halifax from TSB, and I have three saving accounts, and until recently also a current account.

As part of the switching service, my bank account has been closed at TSB but I still have three saving accounts with money in. I have no way of transferring it anywhere now though as obviously you'd do this by transferring money from savings, into current account and then do whatever you want with it.

How do I withdraw savings now? Is it a case of going into a TSB branch with ID etc?

Thank you!

Archi_Bald

Just open another TSB current account. The TSB Plus is a fantastic account for savers as it pays top notch interest, and you can have 2 of them in your own name.

Richy23

Is that the only way to get my money out though?

Archi_Bald

Probably not, you should be able to get a cheque on the phone or in branch. Though why would you want to pass on the best interest rate in the market if you have some spare cash?

jonesMUFCforever

..........or open a basic free current account with TSB and use faster payments to send the money elsewhere.

Gram_Parsons

Can't you do it online? I opened two Classic Plus accounts recently and was able to transfer money straight from my RBS savings account direct to my Classic Plus - no need for me to go via another current account.

eskbanker

Gram_Parsons wrote: »

Can't you do it online? I opened two Classic Plus accounts recently and was able to transfer money straight from my RBS savings account direct to my Classic Plus - no need for me to go via another current account.

That's because Classic Plus is a current account! OP's issue is that they no longer have a current account at TSB and only has savings accounts, which are unlikely to be accessible online.

colsten

eskbanker wrote: »

That's because Classic Plus is a current account! OP's issue is that they no longer have a current account at TSB and only has savings accounts, which are unlikely to be accessible online.

What Gram Parsons said is that they could make a faster payment from their RBS savings account to their TSB Plus accounts. RBS/Natwest/Ulster do offer this functionality but this doesn't mean TSB or anyone else will have it, too.

eskbanker

colsten wrote: »

What Gram Parsons said is that they could make a faster payment from their RBS savings account to their TSB Plus accounts. RBS/Natwest/Ulster do offer this functionality but this doesn't mean TSB or anyone else will have it, too.

Yes, I suspect you're right, I thought he was implying that he was doing this directly by logging onto the Classic Plus but presumably it would have been by accessing the RBS account and the fact that Classic Plus was the destination is ultimately irrelevant (like my post!)

starM

If you don't want to open up an additional account then just pop in TSB branch with ID and you should be able to withdraw the funds.

TSB Easy Saver account also has an optional cashcard. So if you have an Easy Saver account without a card. You can ask TSB to issue you with an ATM card.

MS