Regular Saver Thread **New and Restarted**

bristolleedsfan

veryintrigued wrote: »

How rigorous are they on the ID checks for new postal customers?

Do they really need the certified copies of ID in addition to their electronic check?

Dont send anything and see what the outcome is.


I sent original ID not to leave anything to chance.

veryintrigued

bristolleedsfan wrote: »

Dont send anything and see what the outcome is.

I was hopeful someone would be helpful and tell me if they had done that. And if so the outcome. This is, after all, what this forum is about.



Sending original ID isn't worth the risk or cost IMO.

bristolleedsfan

veryintrigued wrote: »

I was hopeful someone would be helpful and tell me if they had done that. And if so the outcome. This is, after all, what this forum is about.



Sending original ID isn't worth the risk or cost IMO.

https://forums.moneysavingexpert.com/showpost.php?p=75813790&postcount=2263


https://www.theloughborough.co.uk/savings/limited-access/save-to-buy-1

"To open an account you need to provide a completed application form, the minimum deposit and proof of your identity and address."


https://www.theloughborough.co.uk/savings/limited-access/save-to-buy-1

"Simply download, print and complete the application form. Then return your completed form, necessary identification and opening cheque to your preferred branch or post it to Loughborough Building Society, 6 High Street, Loughborough LE11 2QB."


https://62dbe34d7011e1d96aed-74f148eac27ef0702f7e2eabd0680235.ssl.cf3.rackcdn.com/helpAndGuidesDocuments/I-D-V-Customer-May-2019-Final.pdf

"We’re required by law to check the identity and address details of all account holders/operators. To do this, we’ll use electronic identity checks using a credit reference agency and we’ll ask you to provide documentation to verify your identity andaddress as shown below"

bristolleedsfan

I posted application form with cheque and original ID on 30 April, account was opened on 1 May, Passbook and ID received back on 2nd May :cool:

Ken68

Haven't done Loughborough but when I applied for Ipswich (a similar regular saver) it cost me £1 something "to be signed for". The passport was back by return post.

Special_Saver2

Hi Everybody,

I have carried out this weekend's update for this thread.


- TSB Classic Plus current account (feeder account section) updated as interest rate has dropped from 5% to 3% earlier this month


I will do another update the weekend after next.


SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page

takke

veryintrigued wrote: »

How rigorous are they on the ID checks for new postal customers?

Do they really need the certified copies of ID in addition to their electronic check?

I tried sending it in without any ID. Got a letter back within a few days saying that they required ID and to send it in to them. I didn't progress it any further - not worth the cost/hassle.

karlie88

For those who have a Reg Saver Bond Issue 1 from Monmouthshire BS that's about to mature in the next few weeks, if you have access to their online banking, then you can request a transfer electronically. This is a new feature that was launched with their 'updated' online banking recently.

I phoned them having seen this new feature and was advised to wait until the account has matured and request funds online. Funds can only be sent electronically to your linked current account.

I'm not sure what the procedure is normally for those without online access - assume a paper maturation form with a cheque option? This will be my first Mon BS savings account that's going to mature so I may still receive a postal form despite having online access....time will tell.

bristolleedsfan

karlie88 wrote: »

I'm not sure what the procedure is normally for those without online access - assume a paper maturation form with a cheque option? This will be my first Mon BS savings account that's going to mature so I may still receive a postal form despite having online access....time will tell.

Yes, that was case when mine matured in June, if no maturity instructions are received the account converts to an easy saver, back in May when I updated Nominated account within response this was said which indicated that any/all accounts could be closed with funds sent to nominated account -

"You also have the facility to close your account(s) and have the funds sent to your bank account."

Mee

Info. gleaned from recent visit to VM: accounts/products list from newly 'merged' company expected Sept/Oct 2019, and reg. saver expected to move back online (possibly exclusively).