Building society asking for signature?

JonSalji

I opened an ISA with Coventry Building Society to take advantage of their interest rates, I have been asked to send in my signature - apparently this will make future transactions easier as they need less steps to verify my identity. 

I was wondering if this is safe (especially sending the information back in a pre-paid envelope with no tracking) and how difficult it’ll make things if I don’t do it? Can’t bring it into a branch as they are all far from me. 

Just a bit paranoid, especially everything is digital now! 😄 

wmb194

JonSalji said:

I opened an ISA with Coventry Building Society to take advantage of their interest rates, I have been asked to send in my signature - apparently this will make future transactions easier as they need less steps to verify my identity. 

I was wondering if this is safe (especially sending the information back in a pre-paid envelope with no tracking) and how difficult it’ll make things if I don’t do it? Can’t bring it into a branch as they are all far from me. 

Just a bit paranoid, especially everything is digital now! 😄 

*fewer steps. Yes, don't worry about it. The biggest problem that will occur if it doesn't have your signature on file is that it might not allow you to withdraw your money.

Swipe

How many times in the past you have posted a form with your written signature on and not had a second thought about it?

Flugelhorn

I had this with Premium bonds when I changed address - turns out they had never had my signature on record, no because I was 10 months old when the account was opened. they send me a form, I signed it and a friend witnessed it to say it was my signature - no problem

JonSalji

Ok great, thanks everyone 😅 unnecessarily worried then!