Regular Savings Accounts: The Best Currently Available List!

t1redmonkey

dekkard said:

t1redmonkey said:

dekkard said:

Have the Principality changed their guidance on making payments in?

Their (newish) website says to make payments in using your own name as the payee name. I could have sworn the previous guidance was to use 'Principality Building Society' as the payee and select the 'Business' account option.

I paid in some money this morning the same way I've always done it (using PBS as the payee, and selecting them as Business) and it successfully credited the account I sent it to.

I've just called them. They HAVE changed this so any new savings accounts should follow the new process though clearly it can't matter that much given what you've experienced.

They also said that any existing standing orders using the old process (ie with the payee as PBS) don't need to be updated.

(To be clear, I was opening the new issue 35 Regular Saver.)

I paid into the new issue 35 as well this morning using the old process though (not a standing order), and like I said it's already credited without any issues.

dekkard

friolento said:

dekkard said:

t1redmonkey said:

dekkard said:

Have the Principality changed their guidance on making payments in?

Their (newish) website says to make payments in using your own name as the payee name. I could have sworn the previous guidance was to use 'Principality Building Society' as the payee and select the 'Business' account option.

I paid in some money this morning the same way I've always done it (using PBS as the payee, and selecting them as Business) and it successfully credited the account I sent it to.

I've just called them. They HAVE changed this so any new savings accounts should follow the new process though clearly it can't matter that much given what you've experienced.

Thy have changed their guidance but you can use any name you wish. You just won't get a COP match if you don't follow their guidance but so long as the sort code, account number and Reference are as per Principality's advice, your money will arrive alright.

The Reference Number for Principality accounts opened in the last hour or so is not recognised in the COP checking yet, so if you want to pay money in today, you might have to ignore the COP result (where you can - - - Santander, for instance, unhelpfully won't let you make any payment to unknown Reference numbers)

In an ideal world, I suppose you would only get your account details when the bank can confirm a COP check will pass.

Catplan

dekkard said:

“t1redmonkey said:

dekkard said:

Have the Principality changed their guidance on making payments in?

Their (newish) website says to make payments in using your own name as the payee name. I could have sworn the previous guidance was to use 'Principality Building Society' as the payee and select the 'Business' account option.

I paid in some money this morning the same way I've always done it (using PBS as the payee, and selecting them as Business) and it successfully credited the account I sent it to.

I've just called them. They HAVE changed this so any new savings accounts should follow the new process though clearly it can't matter that much given what you've experienced.

They also said that any existing standing orders using the old process (ie with the payee as PBS) don't need to be updated.

(To be clear, I was opening the new issue 35 Regular Saver.)

So I opened issue 35, in the opening process it gave me the old instructions for making a payment from another bank, I.e business and pbs, however if I click the link in the email it gives the new instructions as in my name.

simonsmithsays

subjecttocontract said:

It is for existing customers.

You may want to utilise the 'quote' feature when replying.

On a thread where multiple products and aspects of the products are being discussed your reply, however helpfully intended, means little.

friolento

dekkard said:

friolento said:

dekkard said:

t1redmonkey said:

dekkard said:

Have the Principality changed their guidance on making payments in?

Their (newish) website says to make payments in using your own name as the payee name. I could have sworn the previous guidance was to use 'Principality Building Society' as the payee and select the 'Business' account option.

I paid in some money this morning the same way I've always done it (using PBS as the payee, and selecting them as Business) and it successfully credited the account I sent it to.

I've just called them. They HAVE changed this so any new savings accounts should follow the new process though clearly it can't matter that much given what you've experienced.

Thy have changed their guidance but you can use any name you wish. You just won't get a COP match if you don't follow their guidance but so long as the sort code, account number and Reference are as per Principality's advice, your money will arrive alright.

The Reference Number for Principality accounts opened in the last hour or so is not recognised in the COP checking yet, so if you want to pay money in today, you might have to ignore the COP result (where you can - - - Santander, for instance, unhelpfully won't let you make any payment to unknown Reference numbers)

In an ideal world, I suppose you would only get your account details when the bank can confirm a COP check will pass.

Wouldn't be an ideal world for me. Whilst I am forced to use COP, I am more than happy to ignore any mismatch when I am certain that I got sort code, account number, and Ref (where applicable) right.

jameseonline

where_are_we said:

jameseonline said:

Just applied for the Newcastle one, easy process, got a reference number and email straight away, just got to wait for them to email me an ID

Not so easy for me! - Had to post two different ID documents. Obviously, whats acceptable for some financial institutions is not acceptable for others.

Going to admit it seemed too easy, they didn't ask for address history which I was fully expecting.

Got my user ID at 10am.

Am I right in thinking they use the same system as Ford Money & Gatehouse?, seems my user ID for those are very similar.

WillPS

Janie2008 said:

Just paid some money into one of my Principality regular savers using my name instead of Principality and it went through. My accounts now all say to use my name though I imagine both options will work. 

Without wanting to go in to what COP is and isn't again, the only things that matter for the payment to process correctly are the bank account, sort code and reference (and, for certain accounts, making it from a nominated account).

The name field is not sent with the payment.

jaypers

Out of the blue today, received the invitation from Zopa to open their Bank account. Done in seconds and opened the 7.5% RS. Another good day at the office 

pecunianonolet

jaypers said:

Out of the blue today, received the invitation from Zopa to open their Bank account. Done in seconds and opened the 7.5% RS. Another good day at the office 

Did you have any money in with them? Mine is with zero balance for ages but if they would want more of my business, they could have that by offering me the reg saver and I would happily do business with them again. Not sure if bouncing a few hundred through would trigger the the switch to allow me taking part in their offer. 

jaypers

pecunianonolet said:

jaypers said:

Out of the blue today, received the invitation from Zopa to open their Bank account. Done in seconds and opened the 7.5% RS. Another good day at the office 

Did you have any money in with them? Mine is with zero balance for ages but if they would want more of my business, they could have that by offering me the reg saver and I would happily do business with them again. Not sure if bouncing a few hundred through would trigger the the switch to allow me taking part in their offer. 

Been zero balances since I moved everything out in March. Keep an eye on your emails.