Birmingham Midshires Faster Payment changes

hoc

I'm sure I had received a letter a week or two ago from Birmingham Midshires notifying of a change to account details for payments in but can't find it for the life of me. A search on the forums and internet in general and on BM's site shows nothing. Anyone have the details?

Westie983

The account details are

Our bank account details for deposits are:
Sort code:30-02-51
Account code:06968870
Reference:your Birmingham Midshires account number

Changes from 16th September 2018, if you pay via Direct Debit or Standing Order no need to do anything

Westie983

hoc

Thanks. I presume this info will be more visibly communicated closer to the date ie updating their online banking payment/linked account page (it isn't currently) and an email reminder and/or online banking message.

chas49

I tried to change my payment from Nationwide to BM using the new details today. Nationwide rejected the sortdode as invalid, and the sortcode checker at the Faster Payments website says it cannot accept FPs.

Presumably this will be OK on or after 16th Sept.

glider3560

I accidentally sent a couple of payments to the new details last week. Neither payment has been returned (both from different banks) and neither has been credited to my Birmingham Midshires account.


The letter was very badly worded IMO. It read like the terms and conditions were changing on the 16th September, but the bank details should be used immediately. I probably misread it, and am probably not the only person to do so.

youngretired

I double checked with Birmingham Midshire when I received my letter and was told to wait till September. I also tried to set up the details end of August ready for September but the sort code actually got declined by BOS.

EachPenny

The T&Cs for the Internet Saver (in particular the 1.45% one) say that after the intial deposit (by cheque) further deposits must be made by DD.

https://www.birminghammidshires.co.uk/savings/easy-access-savings/1097/internet-saver-account-yearly-interest.aspx?WT.ac
"After your first payment by cheque, all payments in must be by Direct Debit from your linked account."

Has anyone made a faster payment into this account (from a linked account or from elsewhere), and if so what happened?

The account is a valuable source of a DD, so I don't want to risk messing that up by making a (substantial) FP from elsewhere, but would prefer not to wait the three days to transfer the money by the DD route.

Thanks.

glider3560

EachPenny wrote: »

The T&Cs for the Internet Saver (in particular the 1.45% one) say that after the intial deposit (by cheque) further deposits must be made by DD.

https://www.birminghammidshires.co.uk/savings/easy-access-savings/1097/internet-saver-account-yearly-interest.aspx?WT.ac
"After your first payment by cheque, all payments in must be by Direct Debit from your linked account."

Has anyone made a faster payment into this account (from a linked account or from elsewhere), and if so what happened?

The account is a valuable source of a DD, so I don't want to risk messing that up by making a (substantial) FP from elsewhere, but would prefer not to wait the three days to transfer the money by the DD route.

Thanks.

I have only ever made subsequent deposits by FP and they've all been credited (except the payments made to the new account details). If payments were only accepted by DD, then I'd be closing the account as it would be useless for my needs (don't want to leave thousands sitting in a current account for days).

TREVORCOLMAN

So are they saying you cannot add casual amounts to the account and can only fund by DD?

glider3560

When you are logged in the BM internet banking, on the "make a deposit" page it says "One-off deposits can take up to 3 bank working days for your funds to reach your account. If you require your funds faster, you maybe able to arrange this with your bank or building society. You will need to supply them with the details below."


I read that as permission to make deposits by faster payments.

EachPenny

glider3560 wrote: »

I have only ever made subsequent deposits by FP and they've all been credited (except the payments made to the new account details). If payments were only accepted by DD, then I'd be closing the account as it would be useless for my needs (don't want to leave thousands sitting in a current account for days).

glider3560 wrote: »

When you are logged in the BM internet banking, on the "make a deposit" page it says "One-off deposits can take up to 3 bank working days for your funds to reach your account. If you require your funds faster, you maybe able to arrange this with your bank or building society. You will need to supply them with the details below."

I read that as permission to make deposits by faster payments.

Much appreciated thanks. It does sound like permission, and if not, then what else could they mean.