The Top Easy Access Savings Discussion Area

wiseonesomeofthetime

I have received the "important document" that others have reported here already, where Santander apologise for not sending me the key facts about the account. Except of course, they had. I just chose to ignore an element of them 🤣

1spiral

Does anyone know what Coventry classify as the opening date for limited access accounts? Is it the day you physically open it or the date it is first funded? Their T&Cs refer to anniversary of opening but don't define when an account is classed as "open". Thanks in advance.

ColdIron

Like almost all accounts the opening date is, unsurprisingly, the date that you open the account

The date that you choose to fund it is irrelevant and out of their control

1spiral

ColdIron said:

Like almost all accounts the opening date is, unsurprisingly, the date that you open the account

The date that you choose to fund it is irrelevant and out of their control

I asked the question because I opened one recently (Skipton I think) where it was the date of funding so was unsure if this was common practice. I was siding with your answer anyway due to the fact their T&Cs didn't state otherwise.

somsman

martinm1 said:

It was a pop up in the app.  I tried to screenshot but it wouldn't let me. No money has gone out of the account yet.  It has a zero balance though.

Same as this one I got? I wouldn't worry about it, think they didn't consider the fact that many of us haven't "qualified" to pay the fee, and just sent it out to everyone regardless.

chris_the_bee

1spiral said:

ColdIron said:

Like almost all accounts the opening date is, unsurprisingly, the date that you open the account

The date that you choose to fund it is irrelevant and out of their control

I asked the question because I opened one recently (Skipton I think) where it was the date of funding so was unsure if this was common practice. I was siding with your answer anyway due to the fact their T&Cs didn't state otherwise.

However, the majority will mature on the anniversary of first funds receipt, regardless of when it was opened.

martinm1

somsman said:

martinm1 said:

It was a pop up in the app.  I tried to screenshot but it wouldn't let me. No money has gone out of the account yet.  It has a zero balance though.

Same as this one I got? I wouldn't worry about it, think they didn't consider the fact that many of us haven't "qualified" to pay the fee, and just sent it out to everyone regardless.

Yes that's the same message how did you screenshot?  Also looking through the key facts why would anyone put any money in the edge current to cover fees.  If you go overdrawn because of the fee there are no overdraft charges to pay.
 I received my edge saver interest today, and no charges on the edge current.  So they are sticking to their t&c

Mr._H_2

martinm1 said:

somsman said:

martinm1 said:

It was a pop up in the app.  I tried to screenshot but it wouldn't let me. No money has gone out of the account yet.  It has a zero balance though.

Same as this one I got? I wouldn't worry about it, think they didn't consider the fact that many of us haven't "qualified" to pay the fee, and just sent it out to everyone regardless.

Also looking through the key facts why would anyone put any money in the edge current to cover fees.  If you go overdrawn because of the fee there are no overdraft charges to pay.

Because it’s not clear what would happen to your credit file if you were to go into the unauthorised overdraft. Doesn’t feel like a big deal having £3 in there just in case.

arthurdick

Martinm1 
I do not know how they did their screenshot, but when I have to prove to estate agents that I have enough money for whatever property we go for, I use MS Excel or Word, Insert- screenshot-screen clipping.  

inkydolphin

On my android phone it does a screenshot if I hold the down-volume and power buttons at the same time. Presume most phones have similar.