Can't meet my bank's identification rules so can't transfer my money to new savings provider

Should_it_be_quicker?

Apologies if this has been answered before.  I set up a new fixed term bond and went to my bank (I've been with this branch 28 years and the bank 50 years) to transfer the funds.  I do not have a picture driving licence - only a paper one and do not have a current passport so they will not transfer the funds.  I will be closing my accounts but need to set up a new savings product in the meantime.  Can anyone tell me if there are any providers out there who either accept cheques or will take the funds from my account.

General_Grant

Should_it_be_quicker? said:

Apologies if this has been answered before.  I set up a new fixed term bond and went to my bank (I've been with this branch 28 years and the bank 50 years) to transfer the funds.  I do not have a picture driving licence - only a paper one and do not have a current passport so they will not transfer the funds.  I will be closing my accounts but need to set up a new savings product in the meantime.  Can anyone tell me if there are any providers out there who either accept cheques or will take the funds from my account.

Not an answer to your actual question but may I ask your age?

LHW99

Did you explain and ask the bank staff what ID they would accept? Otherwise, most places accept a cheque, but you usually need ID to open the account in the first place.

jsmith9

Can you set up a payee on your current account to your new savings account using internet banking and then transfer the money?

Or, does your new account not accept payment by cheque - from what you implied is seems maybe not?

cattie

I have neither a driving license or an up to date passport, but have never had a problem in signing up & depositing money whenever I've taken out a new savings bond.

Some of the banks I've used to save in fixed rate bonds over the past couple of years are, Shawbrook, Paragon, Oak North & Masthaven. Though bear in mind they might not currently offer market leading rates.

dunstonh

Can anyone tell me if there are any providers out there who either accept cheques or will take the funds from my account.

All banks are required to comply with the anti-money laundering requirements.    Most will try and verify you electronically nowadays and you will only need to revert to manual verification if that fails.

eskbanker

Should_it_be_quicker? said:

Apologies if this has been answered before.  I set up a new fixed term bond and went to my bank (I've been with this branch 28 years and the bank 50 years) to transfer the funds.  I do not have a picture driving licence - only a paper one and do not have a current passport so they will not transfer the funds.  I will be closing my accounts but need to set up a new savings product in the meantime.  Can anyone tell me if there are any providers out there who either accept cheques or will take the funds from my account.

If you're suggesting that you're planning to close your current account and move to another bank, then chances are you'll hit exactly the same issue if you want to be able to go into branch and arrange a transfer without having any valid ID.  As above, you may be able to open accounts with online verification but sooner or later it's likely that you'll run into ID issues again, so, unless you have some sort of ideological objection to getting a photocard driving licence, then it's likely to make your life easier in future....

unforeseen

If OP has never had one then they will only have a provional. 
Some institutions erroneously say you need a full, not provisional, for photo ID. 

Daz2009

You have a bank account,you can transfer to any other account electronically without photo ID.
I'm guessing you don't do online banking ? In that case I can see the problem,you've gone into branch and they don't know you from Adam.
What you can't do is close or open an account without photo ID unless the account you want to open is with a bank/building society you already have an account with.
I had that issue recently,wanted to close 1 account and open a new one at a different bank.The easiest option in the end was to get a photo driving licence although that wasn't without it's problems

[Deleted User]

General_Grant said:

Should_it_be_quicker? said:

Apologies if this has been answered before.  I set up a new fixed term bond and went to my bank (I've been with this branch 28 years and the bank 50 years) to transfer the funds.  I do not have a picture driving licence - only a paper one and do not have a current passport so they will not transfer the funds.  I will be closing my accounts but need to set up a new savings product in the meantime.  Can anyone tell me if there are any providers out there who either accept cheques or will take the funds from my account.

Not an answer to your actual question but may I ask your age?

It doesn't really matter - if you have the old paper one from pre-1998 and never moved house and never needed to re-apply e.g. after a lost license, or at 70, you never had to get the photo ID. The old paper license is valid for police (though obviously not for any modern security checks of photo ID). Someone who was 40 could have squeezed through and got a paper one before the photo card was introduced in June 1998 (I'm not sure if it was a stop/start on the day they came into force or if they had done it a bit before and that was when they became valid). I suspect someone 45+ was more realistic though to have got a license and been able to get on the property ladder

eskbanker

unforeseen said:

If OP has never had one then they will only have a provional. 
Some institutions erroneously say you need a full, not provisional, for photo ID. 

OP says that their issue is the fact that their licence is a (non-photo) paper one, rather than it being a full versus provisional differentiation, but to the best of my knowledge there's nothing stopping an institution from specifying a full rather than provisional licence for ID verification purposes if they choose to, rather than it being an error as such....