santander changes

[Deleted User]

Radnorsaver wrote: »

I had a response from Santander to my complaint - a letter saying they have resolved my complaint!! They have ignored my further messages saying they have not resolved anything.
I am closing our accounts!

Wow - overreaction.

System

Zanderman wrote: »

The EU were 'involved' because this sort of legislation does, mostly, originate from the EU and is implemented within member states. Rather than every country writing its own version and then having to make sure they are all compatible..

The legislation is, of course, fairly sensible - and is trying to protect us all from fraud - I don't think anyone can argue with the concept.. The problems arising from it (being discussed in this thread) are to do with how to implement it - but that's not a criticism of the concept.

Of course it is exactly the sort of legislation that we, when outside the EU, will have to form ourselves, instead of relying on the EU to form it. It would (almost certainly) have happened here whether in the EU or not, not least as we will still need to match EU business systems.

It's EU/EEA wide due to the SEPA.

Outside the EU/EEA, England won't formulate the legislation itself, it will simply become a rule taker like Switzerland.