The Top Easy Access Savings Discussion Area

Mercenary

I've just opened a Kaupthing Edge account and have had to send off some paper proof of ID/ Residence. I hope they accept what I found to send them :huh: . This is getting ever more difficult as everything we do goes paperless and online. Does anyone else find this a problem?

murphydavid

carix wrote: »

Hello. I'm thinking about opening a savings account with Kaupthing Edge bank, and was just reading through their terms and conditions. Under Fees it states that there's a £20 charge for CHAPS withdrawels from my savings account to my linked account. Does this mean that I'll have to pay a £20 fee every time I shift money from my savings account into my normal, current account? Also it states there's a £15 charge for every BACS transfer from my linked account returned unpaid. It's all a bit technical for my brain. Does this mean I pay £15 every time to move money from my current account to the savings account? What does 'returned unpaid' mean? Please help! x

For free withdrawals us BACS not the quicker CHAPS method.
For deposits - the £15.00 fee only applies if the BACS transfer fails. This will only fail if the account you are transferring from has insufficient funds or has been frozen. It is just possible that it can fail due to an error by the transferring bank but if that happens you can claim a refund of the £15.00 back from your bank.

Moggles_2

Mercenary wrote: »

I've just opened a Kaupthing Edge account and have had to send off some paper proof of ID/ Residence. I hope they accept what I found to send them :huh: . This is getting ever more difficult as everything we do goes paperless and online. Does anyone else find this a problem?

Your ID is checked electronically provided that you're on the electoral roll

Sharon_Loretta

Having seen this morning's news, it's clear there were concerns re Icelandic banks several months ago. So why does Kaupthing Edge feature so strongly on your site? I now have several accounts with Kaupthing and am extremely concerned about this. I thought I was covered in the UK, but now I read that if the worst happens I would have to wait many months for my money to come from Iceland. Should I get my money out pronto?

murphydavid

Sharon_Loretta wrote: »

Having seen this morning's news, it's clear there were concerns re Icelandic banks several months ago. So why does Kaupthing Edge feature so strongly on your site? I now have several accounts with Kaupthing and am extremely concerned about this. I thought I was covered in the UK, but now I read that if the worst happens I would have to wait many months for my money to come from Iceland. Should I get my money out pronto?

BBC Raidio 4 Money Box Program today says all is well. you can hear it again on line
http://www.bbc.co.uk/iplayer/console/b00dpw9g

Phernbrook

Based on your article on the above, we have been considering moving the bulk of our savings over to Kaupthing-Edge. In light of the negative reports over the past few days on the issues surrounding the Icelandic Banking system, would this still be a safe investment for us?

Phernbrook

Vectra

Phernbrook wrote: »

Based on your article on the above, we have been considering moving the bulk of our savings over to Kaupthing-Edge. In light of the negative reports over the past few days on the issues surrounding the Icelandic Banking system, would this still be a safe investment for us?

Phernbrook

YES mines in and staying

Vectra

...Mohammed Bin Khalifa Al-Thani has become Kaupthing's third-largest shareholder by buying 37.1m Kaupthing shares in the open market for $285m following...

KingL

Yes, but this is 2 weeks old news tho', right?

From: www.ft.com/cms/s/0/0f97018e-8907-11dd-a179-0000779fd18c.html

lorien

I know that the Kaupthing Edge account Martin identifies as a best buy is a UK bank and fully covered by the £50k guarantee, but when I read this sort of article, I just feel a little too anxious to put my money with them.

http://www.guardian.co.uk/world/2008/oct/05/iceland.creditcrunch

:eek:

Just seen the Guardians coverage of the Icelandic Goverment suspending shares on the Banks and the fact that Icesave customers are struggling to withdraw their cash - Am I glad I moved mine out last week!