Marcus is live!

Alexland

DennisTenus wrote: »

Santander have a 1.5% easy access savings account now??

It was a reference to the rate on their fee based 123 current account.

Alex

djpailo

I've just opened my account. It took a few minutes. I transferred a test amount which also took a few minutes. I'm pleased with how stress-free it was and getting 1.5% interest and unlimited withdrawals.

Angel_Investor

nice quick account opening and better rates than elsehwere!

mersey

Just as a matter of interest,how long have people waited for the account to be opened,if they have asked for extra forms of identification.

Reluctantpensioner

Tip: when asked what the source of income is, saying inheritance will result in a request for documentation it will be hard/impossible to supply.

mersey

Thanks for the info.

TBC15

At what level of deposit do they start getting interested in where the money came from?

NoviceAngel

Reluctantpensioner wrote: »

Tip: when asked what the source of income is, saying inheritance will result in a request for documentation it will be hard/impossible to supply.

That really does seem odd, as the source of any funding is really nothing to do with them!

Why would you have to prove it was inheritance? Sounds like they’ve got us all down as potential money launderers.

Doc_N

NoviceAngel wrote: »

That really does seem odd, as the source of any funding is really nothing to do with them!

Why would you have to prove it was inheritance? Sounds like they’ve got us all down as potential money launderers.

Sadly, everyone's regarded as a potential money launderer - apart from the real money launderers who have their own ways of dodging all these questions and arrange their affairs in such a way that they never get caught or even questioned.

Meanwhile, the rest of us have our time wasted, have to go through hoop after hoop after hoop for anything even slightly out of the ordinary, and are regarded as potential criminals in all dealings with financial institutions.

There has to be a better way than this.

short_butt_sweet

Doc_N wrote: »

Sadly, everyone's regarded as a potential money launderer - apart from the real money launderers who have their own ways of dodging all these questions and arrange their affairs in such a way that they never get caught or even questioned.

Meanwhile, the rest of us have our time wasted, have to go through hoop after hoop after hoop for anything even slightly out of the ordinary, and are regarded as potential criminals in all dealings with financial institutions.

There has to be a better way than this.

legalize all drugs. (cutting off one of the major sources of cash for money laundering.)

abolish all frontiers. (cutting off another source: people trafficking.)

seize all real estate whose ownership is hidden, unless and until the owners come forward and explain the source of their wealth.