Coventry BS - what's the recent application process like? 7 October 2022 at 10:07PM in ISAs & tax-free savings 28 replies 1.6K views

howryoo

I suppose I could ask this under the banking or savings board, but I'm trying under ISAs as it's Coventry's Limited Access ISA paying 2.25% I'm interested in.

I used to be a member when they issued gridcards, but I lost my online access when I closed my accounts.  A year or two ago, I applied for an ISA, but they took some time with posting documents out and I think I had to sign something and return by mail - is this still the case?  In that instance, due to the delay, something in the interim appeared on the market and I went with that instead (ignoring Coventry).  Incidently, would this have been an issue?  I assume they'll have just closed my application if they haven't heard from me (don't recall them sending any reminders though!)?

What has recent Coventry ISA applicants' experiences been?

All done electronically?  With or without transfers in?

Thanks.

Oasis1

I opened an account today online. Seemed easy enough! Haven't made a transfer in yet.

Frogletina

I requested a transfer in on Wednesday, it arrived on Friday. Very impressive.

howryoo

Thanks both for sharing your experiences.

I suppose it's too early to see if there'll be following paperwork in the post, but if completed all online, it seems they may have updated their processes?

Anyone else?  ISA or standard savings accounts ...

Yellowman

I applied yesterday - a straightforward online application process which will provide you with a sort code and an account number at the end.

You will need to generate a telephone password, an online username, an online password and a 'memorable word' - and a 'telephone grid card' will be sent to you in the post.

myth123

Very quick, transfer was requested on a Tuesday (during account opening) and was in my Coventry account on the Thursday. 

Aidanmc

Tried opening an ISA few days ago, they wanted me to email them a photo of id passport or D licence and also a photo of me holding the ID. Never been asked any such request before. so I didn't bother continuing

howryoo

Thanks for further comments on your experiences.

Let's see what the other banks' triple access ISAs can offer in the next week - with them being around 2% for 3 withdrawals,  compared to Coventry's six .... perhaps triple access should be around 2.40 - 2.50%?

kev2009

Did you make any further decisions @howryoo? Did you go ahead and open the Coventry building society 2.25% variable cash isa account or still holding off and waiting?

I'm too considering this account, I've closed my chase saver account and a old savings account with very little in it as I thought I was still tied into the 1 year so I moved most majority of the money out of that into a fixed rate account earlier this year but turns out I've had the account well over a year so I've just closed it.  Looking to now put the money from those accounts into a isa and currently thinking variable maybe best so if interest rates continue to rise, so should the rate on the isa.

Thanks

Kev

t1redmonkey

I tried opening one of these about a week ago, said I would have to wait for documentation in the post that I'd have to fill out and return before they made a decision.  Still not received anything in the post from them, so I probably won't bother now, not worth the hassle.

kev2009

Thanks for the reply.  I have another account with them already so I'm hoping it's very straight forward for me as already with them

Kev