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steady__eddie

If anyone has got any long term open ended Regular Saver accounts, a cautionery tale.

https://forums.moneysavingexpert.com/discussion/3719931

fiesta04

Had emails back from Chesire bs and Derbyshires BS both stating Branch Only.

Maybe another time.......

premierfella

steady__eddie wrote: »

If anyone has got any long term open ended Regular Saver accounts, a cautionery tale.

https://forums.moneysavingexpert.com/discussion/3719931

Reading that thread you are making me glad that I closed my regular savings account with them a couple of years ago steady__eddie (assuming that it is indeed a building society beginning with !

Even taking their own definition of "dormant", suggesting that standing order deposits don't count as deposits under that term is bizarre (that said there is nothing to stop them asking for ID for every withdrawal if they wanted as they can just hide behind the money laundering excuse, so I don't hold out much hope of success with any complaint).

Speculator

Edit, ignore me, you're right, it is the BS beginning with B. I closed mine 2 years ago and transferred the money to their 3% 1 year bonds.

I assumed it was the BS beginning with Y.

steady_eddie mentioned that he returned a passbook. I don't think the one beginning with B issued passbooks with their opened ended Regular saver.

premierfella wrote: »

Reading that thread you are making me glad that I closed my regular savings account with them a couple of years ago steady__eddie (assuming that it is indeed a building society beginning with !

Even taking their own definition of "dormant", suggesting that standing order deposits don't count as deposits under that term is bizarre (that said there is nothing to stop them asking for ID for every withdrawal if they wanted as they can just hide behind the money laundering excuse, so I don't hold out much hope of success with any complaint).

johnmoney05

Just wondering why we can't disclose the full name of the BS, rather than "B", "Y"....?

Careful_ly

fiesta04 wrote: »

Had emails back from Chesire bs and Derbyshires BS both stating Branch Only.

Maybe another time.......

If I were you I would ring a branch to see if they will let you open by post, they may be more helpful than the HO.

premierfella

johnmoney05 wrote: »

Just wondering why we can't disclose the full name of the BS, rather than "B", "Y"....?

My only reason was that steady__eddie hadn't named the society and, as a complaint is in the offing and it is not a large building society, I didn't feel it was appropriate for me to name it and make it easy for them to link these posts and the complaint together via an internet search.

Shiver

Careful_ly wrote: »

If I were you I would ring a branch to see if they will let you open by post, they may be more helpful than the HO.

I doubt it! I walked into my local Cheshire branch today and asked to open a Platinum account and they refused saying I had to make an appointment with an advisor to open an account. :mad:

steady__eddie

"My only reason was that steady__eddie hadn't named the society and, as a complaint is in the offing and it is not a large building society, I didn't feel it was appropriate for me to name it and make it easy for them to link these posts and the complaint together via an internet search. "

Your hammer is on target to hit the nail squarely on the head Premierfella. The intention of my original post was not to "name and shame", but merely to indicate what can happen under certain circumstances. I have a couple of other now closed issue regular savers which provide an above average rate of return which I maintain for income purposes and have never had any problem with.
I did not originally post on here because it is for the best current Regsaves but decided to post seperately and create a link for the benefit of anyone who, like myself, may have the occasional senior moment and think everything is going tickety boo until somebody switches the fan on.

mary

I contacted a couple of random Cheshire branches by phone yesterday but neither of them would budge from the "branch only" line.