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Regular Saver Thread **New and Restarted**

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  • Mee
    Mee Posts: 1,504 Forumite
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    Frogletina wrote: »
    I still had to bring my identification which they photocopied and gave me back. They ask me for it every time!

    frogletina

    I would love to be 'phoned by my branch in advance, but equally I would want them to check my I.D. everytime. Where money is concerned there should be no short-cuts taken re: verification of identity.
    Free thinker.:cool:
  • JezR
    JezR Posts: 1,699 Forumite
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    On opening my Virgin regular saver issue 15 today I was told that they had been instructed by the Commercial Department to inform people that they were considering restricting the number of regular savings issues that could be held simultaneously at some time in the future. Make of that what you will, although this was from the Branch Manager.
  • Nasqueron
    Nasqueron Posts: 10,912 Forumite
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    JezR wrote: »
    On opening my Virgin regular saver issue 15 today I was told that they had been instructed by the Commercial Department to inform people that they were considering restricting the number of regular savings issues that could be held simultaneously at some time in the future. Make of that what you will, although this was from the Branch Manager.


    I was told when I opened the 3% one that I could only have one RS at a time

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Mee
    Mee Posts: 1,504 Forumite
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    They reviewed my list of RS but I was not informed of any such limit.
    Free thinker.:cool:
  • MDMD
    MDMD Posts: 1,568 Forumite
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    Nasqueron wrote: »
    I was told when I opened the 3% one that I could only have one RS at a time

    https://uk.virginmoney.com/savings/pdf/regular_saver_issue_15-key_product_info.pdf

    I’d have pointed them to their KPIs which they present to you each time
    Only one account can be opened per customer per issue.
  • EachPenny
    EachPenny Posts: 12,239 Forumite
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    JezR wrote: »
    On opening my Virgin regular saver issue 15 today I was told that they had been instructed by the Commercial Department to inform people that they were considering restricting the number of regular savings issues that could be held simultaneously at some time in the future. Make of that what you will, although this was from the Branch Manager.
    I opened mine today, nothing was said about a future limit.

    But we could guess that the Clydesdale/Virgin merger may at some point in the future restrict the regular saver availability.

    It only becomes a problem when/if it happens though.
    "In the future, everyone will be rich for 15 minutes"
  • katsu
    katsu Posts: 5,023 Forumite
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    MDMD wrote: »
    https://uk.virginmoney.com/savings/pdf/regular_saver_issue_15-key_product_info.pdf

    I’d have pointed them to their KPIs which they present to you each time
    Thanks so much, I had also been under the impression I could only have one RS with Virgin at a time. After seeing your post I have made an appointment to open an issue 15. :money:
    Debt at highest: £8k. Debt Free 31/12/2009. Original MFD May 2036, MF Dec 2018.
  • adindas
    adindas Posts: 6,856 Forumite
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    katsu wrote: »
    Thanks so much, I had also been under the impression I could only have one RS with Virgin at a time. After seeing your post I have made an appointment to open an issue 15. :money:

    Some people (If not majority) active on this thread hold every single issue of VM RSA.
  • Nasqueron
    Nasqueron Posts: 10,912 Forumite
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    adindas wrote: »
    Do you currently hold other RSAs with Virgin Money from previous issues??
    If so why did they let you open it to day ??


    This was my first saver with Virgin, the paperwork was at home but my impression was that it was one per person at any one time

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Nasqueron wrote: »
    This was my first saver with Virgin, the paperwork was at home but my impression was that it was one per person at any one time


    Just pulled this off their website
    Only one account can be opened per customer per issue.


    So you're nearly there except the "per issue" part - you can only open one "Issue 15 regular saver" but if you have a Issue 14, that's a different product, so you can have a 15 as well. And a 16 when/if they come out.
    (Although I could be wrong, I often am.)
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