Icesave

Ohm

I've just successfully opened an Icesave account and transfered some money into it, but I'm a bit worried as I was able to do it without providing proof of who I was.
I suspect they may have checked to make sure the details I supplied them matched my bank account details.

Just a bit worried about how easy it was without providing any documents unlike when opening high street bank accounts.

Stompa

FWIW I was not asked for any proof of ID either, but then again that applies to the majority of the accounts I've ever opened.

bristolleedsfan

"ICICI Bank comes in from the cold

ICICI Bank UK has finally signed up to the Banking Code, a voluntary set of industry rules that lay down how UK banks and building societies should treat their customers.

Under the Code, a bank or building society must let customers know within 30 days of any change to its interest rates. It must also inform them individually if its rates move by more than 0.25 percentage points compared with base rate or by more than 0.5 percentage points in a rolling 12-month period."

i read it on another forum so not got confirmation link.

masonic

Ohm wrote: »

but I'm a bit worried as I was able to do it without providing proof of who I was.

If you filled out the same application form as I did, you would have probably given them your passport/driving licence number so that they could verify your identity. They would have also probably carried out an identity check on your credit file. Having done that, they can cross-reference your name against the electoral register (for example) in order further verify your identity and address.

Getting asked for ID documents usually means one of three things: the bank doesn't have the technology to do electronic verification; an anomalous result has been returned from the electronic checks; or you are an part of a small random sample of people asked anyway.

masonic

bristolleedsfan wrote: »

"ICICI Bank comes in from the cold

In an Icesave thread, bristolleedsfan?

bristolleedsfan

masonic wrote: »

In an Icesave thread, bristolleedsfan?

.....:o .....

Ohm

Stompa wrote:

FWIW I was not asked for any proof of ID either, but then again that applies to the majority of the accounts I've ever opened.

Ahh. This is my first net account, so I wasn't sure if this was normal experience/procedure.

masonic wrote: »

If you filled out the same application form as I did, you would have probably given them your passport/driving licence number so that they could verify your identity. They would have also probably carried out an identity check on your credit file. Having done that, they can cross-reference your name against the electoral register (for example) in order further verify your identity and address.

Getting asked for ID documents usually means one of three things: the bank doesn't have the technology to do electronic verification; an anomalous result has been returned from the electronic checks; or you are an part of a small random sample of people asked anyway.

I didn't fill in that part of the form as I am not a British national and I can't drive.
I didn't know about the other checks that they do. I'm a bit more reassured. Thanks.

maine1

Ohm wrote: »

I've just successfully opened an Icesave account and transfered some money into it, but I'm a bit worried as I was able to do it without providing proof of who I was.
I suspect they may have checked to make sure the details I supplied them matched my bank account details.

Just a bit worried about how easy it was without providing any documents unlike when opening high street bank accounts.

Ice do check to see who you are this is done online when you provide your passport details and also you name address and telephone number. If there is an issue they will contact you and ask for further information.

Stompa

maine1 wrote: »

Ice do check to see who you are this is done online when you provide your passport details and also you name address and telephone number. If there is an issue they will contact you and ask for further information.

FWIW I didn't provide any passport or driving licence details, and they didn't ask for any further info.

ukdutypaid

Electoral roll perhaps, details of linked account, sufficient (could they be relying on the fact that your C/A provider will have checked your ID. For after all Icesave aren't extending credit here, it's just ID, they're after)?

Although, to be honest if they are now just taking the fact that somebody else has provide you with a C/A and that's 'OK', for surely they must have credit/ID check......... then ye gods...

nilrem_2

Ohm wrote: »

I've just successfully opened an Icesave account and transfered some money into it, but I'm a bit worried as I was able to do it without providing proof of who I was.
I suspect they may have checked to make sure the details I supplied them matched my bank account details.

Just a bit worried about how easy it was without providing any documents unlike when opening high street bank accounts.

TBH I found it refreshing how much easier it was to open an account with Icesave compared to some other places for example Birmingham Midshires!

I am quite sure Icesave do decent checks on people they would be in trouble if they didn't in case of money laundering.

Both my wife and I do not have passports, my wife only has a provisional driving licence, we have a large house with no mortgage and excellent credit ratings yet we cannot open accounts with some institutions because we do not have all the required documents that some demand, can someone tell me why they only accept a full driving licence? my wife has a 2 part provisional one complete with photograph yet they won't accept that but if she had a shotgun certificate that would be fine!:mad: