ICICI Bank HiSAVE 5.40% AER

nitejar

MarkyMarkD wrote:

The "apply now" page http://www.icicibank.co.uk/personal-banking/applynow.html states that the sort code and account number on the cheque used to open the account must match the sort code and account number the direct debit is set up against.

For Alliance & Leicester current accounts, the sort code and account number on the cheque books differs from the one used for DDs - I'm not sure whether this applies to any other banks, but it would appear to be a problem for A&L.

The correct account no and sort code is on a page near the front of the A&L cheque book.

Nick

nitejar

I have tried to open an account with ICICI. Website was ok, but it took a while for them to reply. I am not on the electoral register so they have now emailed me wanting copies of evidence of identity, attested by my banker or solicitor.

This seems too much like hard work, and I suspect my Solicitor will charge me for the service, so I think I'll be back to the Best Rate tables to look for something else.

N

rebelmc

The most a solicitor would charge you for certifying a copy of your passport would be about a tenner - they do it all the time. If you have any friends that are solicitors they'll do it for free (well they should do!)

Alfie_E

HLK wrote:

Just a point, if push comes to shove , I can always visit my local branch and stamp my feet.. might be a bit more difficult with this bank.

It seems that they've opened, or will be opening, a branch in Leicester. The contact details page gives a new additional address of

1 St. Michaels Avenue
LEICESTER
LE4 7AH

The Royal Mail Postal Address File has this address as still belonging to a business called Flowers & Gifts. So, how close this branch is to existing, I don't know. Also, all the website copyright notices strangely say "©2005-06". Maybe we only know about its existence in 2006, due to an ICICI time warp.

Leicester seems like a logical location, as it has a sizeable population with connections to the Asian subcontinent. I wonder where else branches might pop up. It'd certainly increase ICICI's foot-stamping potential.

MarkyMarkD

That location is a reasonably credible one for the reasons you note. But the way it's suddenly appeared on the website is rather strange.

Walletwatch

Have had some good vibes from them in the recent past, as they actually called me on my mobile to inform me that they are sending my wife's password thed day before, and have again called me today saying they're sending mine today.

Well, I'm ready to pardon them for the inordinate delay in setting things up, provided this is not the case with the regular operations on the account.

oldagetraveller

Warning re this bank. This could be an isolated case but a funds transfer has failed between my nominated account and Hisave account. Yes the money has disappeared into the "ether." :mad:
As a comparison regards opening accounts. ICICI took over a month to open Hisave account. Applied to Bradford & Bingly last Monday for eSaver. Form requiring signature arrived Tuesday and was posted back, received email from them Wednesday advising my cheque and form had arrived. Today received email advising account open including user i/d and password just arrived in post with welcom letter.
Now that's more like it! :j

cadboll

Hi

I got the ICICI bank checked out by our finance people in work. They told me that it has got a poor credit rating. So although the interest rate is very attractive, I think I'll give these guys a miss!

pin

cadboll wrote:

Hi

I got the ICICI bank checked out by our finance people in work. They told me that it has got a poor credit rating. So although the interest rate is very attractive, I think I'll give these guys a miss!

Could you give some more details (if you are allowed to). Is it ICICI UK that has a poor rating or the whole international ascpect of ICICI?

jimclark1967

oldagetraveller wrote:

Warning re this bank. This could be an isolated case but a funds transfer has failed between my nominated account and Hisave account. Yes the money has disappeared into the "ether." :mad:
As a comparison regards opening accounts. ICICI took over a month to open Hisave account. Applied to Bradford & Bingly last Monday for eSaver. Form requiring signature arrived Tuesday and was posted back, received email from them Wednesday advising my cheque and form had arrived. Today received email advising account open including user i/d and password just arrived in post with welcom letter.
Now that's more like it! :j

I've now made 2 transfers in to my ICICI account totalling £1750 but NEITHER has shown up on my current account - not sure what to do? The "nominated account" details are correct and my current account has the direct debit set up. Where is this money coming from???

As things stand I've got £1750 showing as my ICICI balance and it hasn't cost me a penny I'm normally v. optimistic about new products working out but have a bad feeling about this one - just hope I'm wrong...

JC