Co op Current Account Application

stclair

Hi,

Could anyone tell me if the co op bank gives instant decisions during a Current Account Application online, or is it a we will get back to you?

Thanks

JuicyJesus

stclair wrote: »

Hi,

Could anyone tell me if the co op bank gives instant decisions during a Current Account Application online, or is it a we will get back to you?

Thanks

It's a "we'll get back to you". Their systems are kind of backwards.

stclair

JuicyJesus wrote: »

It's a "we'll get back to you". Their systems are kind of backwards.

You would think they would be real time in this day and age lol

stclair

How long do they normally take to get back to you once you've applied online.

JuicyJesus

stclair wrote: »

How long do they normally take to get back to you once you've applied online.

They took about a week for the letter to come through for me, but then it was over Christmas. Try giving them a call, they sorted out online banking etc over the phone after I got the decision from them.

stclair

JuicyJesus wrote: »

They took about a week for the letter to come through for me, but then it was over Christmas. Try giving them a call, they sorted out online banking etc over the phone after I got the decision from them.

Great thanks.

I've not applied yet just setting up some DDs on an old account to take advantage of the switcher incentive.

Thrugelmir

stclair wrote: »

You would think they would be real time in this day and age lol

Lenders aren't that daft.

System

Some banks do give details instantly but do further checks later - resulting in post opening closures and blockages.

I was asked for paper ID by a bank two weeks after opening, having my debit card and having deposited 2K. If they had asked on application, I wouldn't have bothered continuing but when they had my funds, I had limited choices. Had to take a few hours off work, provide the ID and chose to close the account too!

hardpressed

Want to open a Coop basic account by post, does anyone know if they require you to go into a branch? Nearest is too far away and not very mobile.

xylophone

Want to open a Coop basic account by post, does anyone know if they require you to go into a branch? Nearest is too far away and not very mobile.

They seldom are...:)

http://www.co-operativebank.co.uk/currentaccounts/cashminder

Is this the account you wish to open? There seems to be no requirement for you to visit a branch unless you want to take documents in for verification.

stclair

Do Co op give you an application decision by email or do they send a traditional letter?