The Top Easy Access Savings Discussion Area

soulsaver

ToTP has been updated - Skipton BS 2.65% wef 14/11 now confirmed on their webby, and included. Thanks @Northern_Mum

eta And Principality BS Double Access Issue 2 now pays 2.5% thnx @Bridlington1

Bridlington1

Principality BS Double Access Issue 2 now pays 2.5%.

Zerforax

Deleted_User said:

The most ridiculous thing about this is, you want to DEPOSIT money, not withdraw it or borrow. If you deposit money from an account, that should be your nominated account and that should be good enough.

Don't bother with them, they don't deserve your custom, and I question whether they really want it. Wait a few days, a better deal will come along.

I would say that criminals depositing dirty money into a bank account and then withdrawing/transferring for money laundering is what they're trying to prevent..

[Deleted User]

Zerforax said:

Deleted_User said:

The most ridiculous thing about this is, you want to DEPOSIT money, not withdraw it or borrow. If you deposit money from an account, that should be your nominated account and that should be good enough.

Don't bother with them, they don't deserve your custom, and I question whether they really want it. Wait a few days, a better deal will come along.

I would say that criminals depositing dirty money into a bank account and then withdrawing/transferring for money laundering is what they're trying to prevent..

That would be fine if all other banks were doing the same. I've opened countless accounts in the last few years chasing rates, this is the only one I've encountered with this problem.

Patr100

Deleted_User said:

Zerforax said:

Deleted_User said:

The most ridiculous thing about this is, you want to DEPOSIT money, not withdraw it or borrow. If you deposit money from an account, that should be your nominated account and that should be good enough.

Don't bother with them, they don't deserve your custom, and I question whether they really want it. Wait a few days, a better deal will come along.

I would say that criminals depositing dirty money into a bank account and then withdrawing/transferring for money laundering is what they're trying to prevent..

That would be fine if all other banks were doing the same. I've opened countless accounts in the last few years chasing rates, this is the only one I've encountered with this problem.

I do agree with you how annoying theses checks are but for example a few years back First Direct went through a new verification ID process for their current accounts - even though I had an account with them for at least 20 years - they were I suspect under increased pressure from the regs authorities - because their owners HSBC got  fined for slack practices a few years before and some big banks still get fined in recent times.

jak22

It would be great if there was some consistency so all the applications were handled the same - no keeping fingers crossed that you dont get the send docs message at the end of the application. Perhaps some gov website they could all use to verify electronically.
Also if they could actually return originals and let their staff know their own rules as sometimes they dont even accept the docs their PDFs list.

Brewer21

The only account I've not be able to open has been Chase, more or less every other bank no problem. Chase need a passport or photo driver licence check, no can do don't have either.

Qyburn

flobbalobbalob said:

Cynergy also want certified copies !

That was why I abandoned my attempt to open an account with them. Not only certified copies, but a really short list of eligible certifiers, all of whom charge for the service, and would need a thirty mile specific journey during working hours.

One of our pension providers wanted bank statements "not printed from the Internet".  Not sure what world they inhabit but who receives paper statements nowaday?

Bridlington1

Qyburn said:

flobbalobbalob said:

Cynergy also want certified copies !

That was why I abandoned my attempt to open an account with them. Not only certified copies, but a really short list of eligible certifiers, all of whom charge for the service, and would need a thirty mile specific journey during working hours.

One of our pension providers wanted bank statements "not printed from the Internet".  Not sure what world they inhabit but who receives paper statements nowaday?

I still receive paper statements and it has saved a lot of time when opening some savings accounts (i.e. Scottish Widows) as it saves having to faff around with printing off statements and getting them certified. Even if you prefer paperless statements I think it's always handy to have one account set to paper statements for this reason.

Sensory

Qyburn said:

flobbalobbalob said:

Cynergy also want certified copies !

That was why I abandoned my attempt to open an account with them. Not only certified copies, but a really short list of eligible certifiers, all of whom charge for the service, and would need a thirty mile specific journey during working hours.

One of our pension providers wanted bank statements "not printed from the Internet".  Not sure what world they inhabit but who receives paper statements nowaday?

I usually request a paper statement as necessary whenever the need arises, which fortunately hasn’t been for a while. I despise being sent paper mail unless absolutely necessary (e.g. cards); it’s an atrocious waste of time and resources, for everyone involved. The sooner antiquated relic systems are upgraded, the better.

”Printed from the internet” in itself shows bias towards having to actually print onto paper. I mean… fine, I’ll happily provide the original electronic document via secure upload, i.e. no printing necessary! I’m also certain “the internet” was used to facilitate transmission from whichever system produced the electronic statement, to the machine that printed it onto paper.