Regular Saver Thread **New and Restarted**

Bobblehat

No problem with my application for the new Furness BS 2.5% RS in Preston today. Didn't try to sell me other products, good clear information and the passbook should be with me by post within a week.

You don't need to have the passbook updated if you make the monthly deposit by faster payments, as you can check if the deposit has registered 2 or 3 days later using the online facility …. or ring up to confirm.

All in all …. no problems.

p.s. Preston branch personnel all seem to have big grins on their faces with the amount of footfall this RS offer has generated in the first two days … or maybe they are just always friendly

adindas

I managed to open this account in less than a week. No further ID address check is needed. Impress how efficient they are

Based on this
https://srbs.co.uk/savings/regular-savings-issue-1/
"Deposits to this account must come from your nominated bank account via standing order"

I just check my application form I did not see any nominated bank account was asked.

I payed by a cheque for my first deposit from Lloyds Bank. But I set up SO from TSB.
Is it going to be a problem ??
Does Anyone know how do they know which AC/bank is your nominated account.

.

Big_W

adindas wrote: »

I managed to open this account in less than a week. No further ID address check is needed. Impress how efficient they are.

@Adindas - Their postal ID requirements were what was putting me off opening one of these accounts, if they wanted FOUR certified copies of paper id. Assuming you did a postal application did they verify your id electronically?

adindas

Big_W wrote: »

@Adindas - Their postal ID requirements were what was putting me off opening one of these accounts, if they wanted FOUR certified copies of paper id. Assuming you did a postal application did they verify your id electronically?

@ Big W
When I applied, I didn't even send any form of ID, proof address. Also I have not got any product with them. I only sent a completed application form a cheque on my name. So iI fully believe it was all done online.

Online verification from BS could be hit and miss.

Have a try, you could download AF online. you have very little to lose apart from postage stamp and little time to complete AF.
Be quick as I have been informed when I called them that this product is very popular and it will be closed for a new application soon.

If they asked four certified ID, any person with money sense would cancel their application.

Big_W

adindas wrote: »

@ Big W
When I applied, I didn't even send any form of ID, proof address. Also I have not got any product with them. I only sent a completed application form a cheque on my name. So iI fully believe it was all done online.

Online verification from BS could be hit and miss.

Have a try, you could download AF online. you have very little to lose apart from postage stamp and little time to complete AF.
Be quick as I have been informed when I called them that this product is very popular and it will be closed for a new application soon.

If they asked four certified ID, any person with money sense would cancel their application.

Thanks Adindas - I shall indeed get on with an application sharpish .

somsman

Could you please add the postcode restrictions for Stafford Railway BS RS Issue 1? From the Key Facts:

“You must live within the following postcode areas to be eligible for this account. ST14 – ST21, WS11 – WS13 or WS15.”

adindas

somsman wrote: »

Could you please add the postcode restrictions for Stafford Railway BS RS Issue 1? From the Key Facts:

“You must live within the following postcode areas to be eligible for this account. ST14 – ST21, WS11 – WS13 or WS15.”

I just checked it here a few minutes ago.
https://srbs.co.uk/savings/faqs/

and here
https://srbs.co.uk/savings/regular-savings-issue-1/

I have not found that restriction. I myself and quite a few people on this thread are not living in any of the above postcode but we managed to open these account.

They might change it in the future.

Steve_xx

adindas wrote: »

I just checked it here a few minutes ago.
https://srbs.co.uk/savings/faqs/

and here
https://srbs.co.uk/savings/regular-savings-issue-1/

I have not found that restriction. I myself and quite a few people on this thread are not living in any of the above postcode.

They might change it in the future.

It is restricted, as per the last paragraph:

How do I open and manage my account? • The account can be opened in branch or by post and is available to private individuals only, and only for UK residents.
• It is a passbook based account and can be operated in branch or by post at the members own expense.
• The minimum opening balance is £25.
• Deposits can be made up to a maximum £500 per month.
• A deposit of between £25 and £500 must be received each month.
• If you miss 3 deposits in a Society year your account will revert to our Pullman account.
• Deposits to this account must come from your nominated bank account via standing order.
• If you don’t make a deposit during a month you cannot carry over the unused subscriptions.
• We do not accept transfers in of balances held with other providers. Your initial deposit can only be between £25 and £500.
• You must live within the following postcode areas to be eligible for this account. ST14 – ST21, WS11 – WS13 or WS15.

jen49

Bobblehat wrote: »

No problem with my application for the new Furness BS 2.5% RS in Preston today. Didn't try to sell me other products, good clear information and the passbook should be with me by post within a week.



p.s. Preston branch personnel all seem to have big grins on their faces with the amount of footfall this RS offer has generated in the first two days … or maybe they are just always friendly

Opened mine today and as Bobblehat says good clear information however, I was made aware of their Pocket Money Saver account and benefits of this when grandchildren came into the conversation so came away with leaflet on that

soulsaver

adindas wrote: »

Thanks. I could see it now.
When I applied Unfortunately I did not print the FAQ so I could not see whether that restriction was already there or not. But I managed to print the KPI. Also the current KPI still has not shown this restriction. Someone might want to try and report their result here.

Did anyone who got this product managed to print the old FAQ (if any) ?

If by KPI you mean 'Key Facts' then your are mistaken.

It does indeed show the postal code restriction.

FAQs may not include this restriction but they aren't the terms & conditions.