Regular Savings Accounts: The Best Currently Available List!

r6mile

I am not looking to make withdrawals right away - but would be good to have the option.

I did already specify a nominated current account when I opened the accounts, and can see that it shows up on the system though says “Awaiting Mandate”. Any idea what this means?

pecunianonolet

r6mile said:

I am not looking to make withdrawals right away - but would be good to have the option.

I did already specify a nominated current account when I opened the accounts, and can see that it shows up on the system though says “Awaiting Mandate”. Any idea what this means?

I got the code today by post to go online. I gave them details of my nominated account when I requested online access and now they ask me to send them either an original or certified statement of that nominated account.

Are they serious???? The next HSBC branch is ca. 40 miles away, since they closed the local one earlier in the year. Sent them now a secure message to check if there is another way. Paper is so old fashioned nowadays.

I am not going to download a statement, mark all the transaction black (not their business to know), go to the local library to get a statement printed and paying at a post office to certify that copy. If that's what they need, they can very well keep their accounts. 

subjecttocontract

Monmouth B/Soc.
I wasn't asked to do that and there's nothing special or out of the ordinary about me. I just downloaded their nominated account form, completed it and posted it to them. I got notification they received it by letter. Try it, it might work.

WillPS

Also signed up with Monmouthshire online now. No aggro at all, just very quaint. I suggest they're not a Society for those who want everything in an instant but all my accounts were opened in a timely manner ( ~1 week from application to receipt of passbook). Took 3 weeks for the activation code to arrive but when it did I was assured to see all my deposits were accounted for (not that I had any real doubt).

My only call was dealt with very quickly and professionally by a friendly Welsh chap. All quite lovely really!

flaneurs_lobster

pecunianonolet said:

I am not going to download a statement, mark all the transaction black (not their business to know), go to the local library to get a statement printed and paying at a post office to certify that copy. If that's what they need, they can very well keep their accounts. 

HSBC will send you a one-off paper statement if you ask nicely by chat.

Give it a doing with your marker pen and send it off.

pecunianonolet

subjecttocontract said:

Monmouth B/Soc.
I wasn't asked to do that and there's nothing special or out of the ordinary about me. I just downloaded their nominated account form, completed it and posted it to them. I got notification they received it by letter. Try it, it might work.

My letter is saying:

Registration for "My Accounts" online withdrawal facility

Thank you for providing us details of your bank account so that we can enable the online withdrawal facility of our "My Accounts" service for you.

As a security precaution we always confirm in writing the details you have provided as well as asking for evidence in the form of an original or certified copy of your bank statement.

So that we can ensure the information we have recorded in our system is accurate and for you to confirm your instructions, please check that the bank account details listed below are correct and then sign and return this letter within 30 days in the enclosed pre-paid envelope.

Once we have received the signed confirmation and evidence in the form of an original or certified copy of your bank statement, the online withdrawal facilities will be enabled on your accounts we we will send you a secure message to confirm this. 

Yours sincerely

Savings  & Customer Contact Department  

List of my details

I authorise the Monmouthshire Building Society to accept withdrawal request submitted via the "My Accounts" service using my User ID, password and item of memorable information in favour of the above bank account.

Sign:                              Date:


I added all the details when I applied for the online facility. The above is dated 15th September and the other page with the user ID is dated 26th September. 

subjecttocontract

Then it looks as though they have changed their process since I sent my form in, which was around April this year.
You could always photocopy your bank statement and send them the original. Then you wouldn't need to get it certified.

pecunianonolet

subjecttocontract said:

Then it looks as though they have changed their process since I sent my form in, which was around April this year.
You could always photocopy your bank statement and send them the original. Then you wouldn't need to get it certified.

I checked with HSBC and they say a paper copy comes with a charge and that for address purpose and validation I can download and print off myself. Let's see what Mon say. I now downloaded the latest version and redacted all financial information they don't need to know and if they accept that, it will get there by post. 

PloughmansLunch

I got a different letter again for MonBS - I finally received My Accounts login details (although one funded account seems to have gone astray, so have tried to add manually). At the bottom of the letter it says As part of your registration, you submitted your bank details to allow withdrawals to your nominated bank account. Please complete the enclosed 'My Accounts' Nominated Bank Account Form* and please note we will also require evidence in the form of an original or certified copy of your bank statement. 

*I wasn't actually sent any form or details, only a single A4 letter with the Web user ID.

housebuyer143

flaneurs_lobster said:

Nick_C said:

YBS.  The T&Cs do not say it has to be one account open for 12 months.  It is open to interpretation.  And YBS interpret the rule generously.

I opened the Loyalty ISA in March 23, and the Loyalty RS last week.  Two different branches.  On each occasion, I did not have an account that had been open for a year, but I have been a member continuously for 16 years.

Your opinion is inaccurate and unhelpful, as it could put people off from applying.

Since YBS choose to interpret their own T&Cs in this fashion and it is to the Member's advantage, I would not wish to discourage anyone from applying and will annotate my opinion-giving post accordingly.

Just opened ybs and only been with them for 7 months 🎉