Regular Saver Thread **New and Restarted**

RedRuby_2

Frogletina wrote: »

I'm late in seeing this about Nationwide - mine has just matured and I wondered why I couldn't see another one!

Thanks

The same thing happened to me.
My savings account matured and I wanted to open another one and couldn't find it.

adindas

Saver53 wrote: »

The header entry for the Earl Shilton Regular Saver is incorrect in claiming that you can miss payments without penalty. The ESBS webpage for the account makes clear that 12 monthly payments must be made each year and that each payment must be between £10 and £500. If this is not done, the account will be closed at the cost of a penalty of £10. Additionally the account leaflet (link from the webpage) confirms that only one payment can be made each month.

I do not know other people experience but I tried to open ESBS and they asked me to send "CERTIFIED COPIES" for ID and proof of address. I sent them the certified copies form a professional which are recognised by many financial institutions and HM passport office. It was returned to me and they said it has got to be solicitors or bank officials.

So if you wanted to apply you need to take this one into consideration to avoid wasting your time.

MarkFromCornwall wrote: »

The list of people who can certify documents varies from one bank to another. Once when I needed a document certified I got an optician to do it in return for a donation in their charity box. The Coventry's list includes dentists and teachers and I reckon these might be a better bet than bank or post office people!
https://www.coventrybuildingsociety.co.uk/consumer/help/identification.html

I am not the current customers of Coventry BS but I managed to open my account via online and no further checked is done.

But what I could saya here is that at least the decision makers in Coventry is still more sensible in providing certification of documents from a wide range of professionals. Compared to Earl Shilton BS and Scottish BS who demand the certification to be done by Solicitors or bank officials. How many people sensible wanted to do that considering the cost of doing that and the additional interest rate that you will get ?? Are we still living in the stone age ???

Steve_xx

These account opening ID requirements can be a real problem. I think it can be helpful to email the institution before you apply. I recently applied for a Regular Saver account with Loughborough Building Society and found it a bit onerous having to jump through the ID hoops. However, my friend is a local Magistrate and so I asked Loughborough if it would be acceptable for him to verify and they agreed that it would be, and, it was! Though I don't believe that magistrates appear on their list of desirables.

It may help some.

soulsaver

adindas wrote: »

I do not know other people experience but I tried to open ESBS and they asked me to send "CERTIFIED COPIES" for ID and proof of address. I sent them the certified copies form a professional which are recognised by many financial institutions and HM passport office. It was returned to me and they said it has got to be solicitors or bank officials.

So if you wanted to apply you need to take this one into consideration to avoid wasting your time.



I am not the current customers of Coventry BS but I managed to open my account via online and no further checked is done.

But what I could saya here is that at least the decision makers in Coventry is still more sensible in providing certification of documents from a wide range of professionals. Compared to Earl Shilton BS and Scottish BS who demand the certification to be done by Solicitors or bank officials. How many people sensible wanted to do that considering the cost of doing that and the additional interest rate that you will get ?? Are we still living in the stone age ???

If you wish to save wasting time, I would say adhere to organisations' guidelines.

PS You're watching too many meerkat ads...;)

adindas

soulsaver wrote: »

If you wish to save wasting time, I would say adhere to organisations' guidelines.

PS You're watching too many meerkat ads...;)

And how did you come to that conclusions. Do you know better than myself ???

polymaff

adindas wrote: »

And how did you come to that conclusions.

Now, that's meerkat grammar...:)

adindas

JamesRobinson48 wrote: »

Actually, in my experience Earl Shilton BS was one of the easier ones. I sent them originals of a letter from HMRC and a utility bill. That fully complied and they were perfectly happy. Similar for Scottish BS. But for Coventry BS I am stuck: I'll need to wait until January, when my travels will take me near one of their branches.

Just the opposite with me then, as I managed to open Coventry Rs online but get stuck with ID verification with ESBS & Scottish BS.

Regarding Scottish BS I actually already had account with them a few years ago, but I already close it.

Another good example how random the bank verification could be. It is probably something to do with the person who handle your application. Some of them are lazy incompetent to verify online.

Rich2808

ColdIron wrote: »

My doctor charged me £33

Where does he work – Harley Street? What a disgrace if they are an NHS GP!
My local solicitor charged me £10 for certifying a legal document.

polymaff

Rich2808 wrote: »

Where does he work – Harley Street? What a disgrace if they are an NHS GP!
My local solicitor charged me £10 for certifying a legal document.

Never had a problem - but I do go out of my way to cultivate a good relationship with the local branch managers of one-time or current building societies.

The one time I really needed a solicitor's witness signature I paid the same fee as you did for the services of my regular - and, incidentally, completely blind - solicitor.

castle96

A blind solicitor ! Have dealt with them for 40 years. They all have a problem of some sort!