Regular Saver Thread **New and Restarted**

RG2015

RG2015 wrote: »

Coventry gave me the account details within 10 minutes of applying on a Sunday.

The grid card is unusual but did arrive as early as the Royal Mail would allow.

When I tried my first login yesterday with the grid card I was asked to enter my Wed ID but could not find it anywhere so I clicked forgotten Web ID and I got it and completed my first login.

My Web ID arrived in the post this morning.

polymaff

RG2015 wrote: »

When I tried my first login yesterday with the grid card I was asked to enter my Wed ID ... [which] ... arrived in the post this morning.

Well, today is Wednesday...:cool:

Those grid cards are an elegant, lo-tech solution. No battery (yes, I know it is not a battery!) to go flat; no hi-tech display to go dodgy (HSBC-style). Easily recyclable, too. Nice!

RG2015

polymaff wrote: »

Well, today is Wednesday...:cool:

Those grid cards are an elegant, lo-tech solution. No battery (yes, I know it is not a battery!) to go flat; no hi-tech display to go dodgy (HSBC-style). Easily recyclable, too. Nice!

Looking forward to getting my FrIDy.

glider3560

polymaff wrote: »

Those grid cards are an elegant, lo-tech solution. No battery (yes, I know it is not a battery!) to go flat; no hi-tech display to go dodgy (HSBC-style). Easily recyclable, too. Nice!

And very insecure. Someone with access to the grid card (e.g. a building society employee, postal worker, housemate, whatever) could make a copy of the card and you would never know.

There are also only a certain number of combinations. If someone sees you login often enough (e.g. with a keylogger) then they could recreate the grid card in full.

Proper 2FA methods (like a time based token, or one sent by SMS/email) don't have these insecurities.

polymaff

glider3560 wrote: »

And very insecure. Someone with access to the grid card (e.g. a building society employee, postal worker, housemate, whatever) could make a copy of the card and you would never know.

There are also only a certain number of combinations. If someone sees you login often enough (e.g. with a keylogger) then they could recreate the grid card in full.

Proper 2FA methods (like a time based token, or one sent by SMS/email) don't have these insecurities.

Oh, I know all the ifs but I still regard it as elegant...:)

Fingerbobs

glider3560 wrote: »

And very insecure. Someone with access to the grid card (e.g. a building society employee, postal worker, housemate, whatever) could make a copy of the card and you would never know.

There are also only a certain number of combinations. If someone sees you login often enough (e.g. with a keylogger) then they could recreate the grid card in full.

Proper 2FA methods (like a time based token, or one sent by SMS/email) don't have these insecurities.

I've made a copy of my Grid Card inside my money spreadsheet so I don't have to faff about in my paperwork every time I want to log into the Coventry. It's still a pain in the botty to log into the Coventry though.

eskbanker

Fingerbobs wrote: »

I've made a copy of my Grid Card inside my money spreadsheet so I don't have to faff about in my paperwork every time I want to log into the Coventry. It's still a pain in the botty to log into the Coventry though.

Don't forget to include copious explanatory links and notes for all backside-related idioms used in posts on here

https://forums.moneysavingexpert.com/discussion/6056819/barclays-seen-it-s-a-e-with-post-office-cash-withdrawals

DragonQ

Fingerbobs wrote: »

I've made a copy of my Grid Card inside my money spreadsheet so I don't have to faff about in my paperwork every time I want to log into the Coventry. It's still a pain in the botty to log into the Coventry though.

Yeah Coventry's login system is unnecessarily complicated. I opened a Cynergy Bank savings account at 1.45% and it's much easier to use - username and password, that's it. It also transfers money out using faster payments, unlike Coventry's 1.5% ISA which takes at least a day. I can deal with a missing 0.05% for the convenience.

arsenalboy

Buckinghamshire B S is the latest to reduce reg saver rates.

Received letter this morning, that with effect 24 Oct, the Reg Sav reduces from 1.75% to 1.55% and the Reg Sav Locals goes down from 2.00% to 1.80%.

youngretired

I've just received my account number so can set up my SO. Can I set the SO up on a different account to my nominated account?

Reason I'm asking is some banks state that the funds have to come from a nominated account otherwise will be returned, but Coventry doesn't say anything except that the nominated account is for withdrawals.