Internet banking and Power of Attorney help please.

firefox1956

sparkiemalarkie wrote: »

Gosh, I think this is going to be tricky....


I have already had words with my sister who 'knows for a fact' that the Financial Services Compensation Scheme is £75,000 per bank...
she is insisting that I move any excess balance to her Barclays current account. I was planning on just popping it into a Nationwide Loyalty Savers at 0.75%.......


Hey ho, let the games begin.


sparkie

This figure is now £85 000............
https://www.fscs.org.uk/what-we-cover/products/banks-building-societies/

HTH

sparkiemalarkie

firefox1956 wrote: »

This figure is now £85 000............
https://www.fscs.org.uk/what-we-cover/products/banks-building-societies/

HTH

Thanks, I've sent her the link... maybe she will believe you (she definitely doesn't trust anything I say)


sparkie

Gers

sparkiemalarkie wrote: »

Thank you.
I'm now guessing that the 'sealed copy' was sent to mum.
My documentation has nothing other than typed information on it.


sparkie

I've got certified copies of the POA I have for my mum, it's a complete copy of the document from the Office of the Public Guardian (we're in Scotland) - the front page is the confirmation of registration and has the seal on it. The original has a red seal, mine are photocopies but they do need the seal and registration number.

Good luck with the banks. My mum only has two, luckily I also have accounts with the same banks so they didn't have to ID me. Now I can see her accounts when I log into mine.

sparkiemalarkie

Gers wrote: »

Good luck with the banks. My mum only has two, luckily I also have accounts with the same banks so they didn't have to ID me. Now I can see her accounts when I log into mine.

Thank you.
I've got accounts at my mums banks too hopefully it should be fairly straight forward.


I think I need advice about dealing with siblings and mums accounts/money.....
any hints or suggestions so we can avoid falling out?

sparkie

xylophone

I have checked with the relative whose relative has accounts (bank/savings/stocks and shares etc) with a number of institutions.

When he needed to present the PoA at a branch, an appointment was needed and he took the original.

A certified copy was sent by recorded delivery when accounts were opened by post.

sparkiemalarkie

xylophone wrote: »

I have checked with the relative whose relative has accounts (bank/savings/stocks and shares etc) with a number of institutions.

When he needed to present the PoA at a branch, an appointment was needed and he took the original.

A certified copy was sent by recorded delivery when accounts were opened by post.

Thanks, so it seems quite long winded.
I was expecting it to be , but was hoping that I could speed it up by registering mum for online banking.
Probably not, as now I have written it down it sounds quite illegal :eek:


sparkie

macman

Technically you can indeed just register for online banking in her name, but it's a breach of the T&C's.

badmemory

sparkiemalarkie wrote: »

Gosh, I think this is going to be tricky....

I was planning on just popping it into a Nationwide Loyalty Savers at 0.75%.......



sparkie

2 years ago Nationwide weren't allowing internet access. However as the interest rate was so good for instant access I did use it, but moved it in larger lumps than I would have with it. Both Barclays and Halifax did allow it.

Biggles

sparkiemalarkie wrote: »

I've got accounts at my mums banks too hopefully it should be fairly straight forward.

Yes, that did help quite a bit when I did my Mum's. But you will need to find the original if you don't have an official/certified copy.

I think I need advice about dealing with siblings and mums accounts/money...
any hints or suggestions so we can avoid falling out?

Are you the sole attorney?

xylophone

Are you the sole attorney?

Apparently not.

Hello, myself and my siblings have Power of Attorney for mum.