Monmouthshire Nov / Dec new regular savers

happybagger

Not until you asked. Disappointingly, I didn't apply, so didn't have opportunity to complain about the length of time it took, the lack of a passbook, lack of account number, inability to get a December payment in time, online access procedures, or Royal Mail.

I felt left out until now.

Patrington

happybagger said:

Not until you asked. Disappointingly, I didn't apply, so didn't have opportunity to complain about the length of time it took, the lack of a passbook, lack of account number, inability to get a December payment in time, online access procedures, or Royal Mail.

I felt left out until now.

It's a shame you didn't apply and missed out @happybagger

No complaints here.

There's been plenty of MBS iterations over the years with some cracking products. Experience has also shown how to open them (with a cheque and pre paid envelopes to their head office for instance, to be patient, how to register the account online, how to verify the nominated account etc) but that advice has been lost on the general Top Paying Regular Saver thread. 

Hopefully there's a next time with other great products and that people find this type of advice easier to find on dedicated threads like this one.

Gers

Gers said:

Today I received my passbook and bumpf. The passbook shows a deposit of £200.00 on 16 December, however my cheque has not been cashed yet. 

Cheque showing as cashed today. 😀

Bridlington1

happybagger said:

Not until you asked. Disappointingly, I didn't apply, so didn't have opportunity to complain about the length of time it took, the lack of a passbook, lack of account number, inability to get a December payment in time, online access procedures, or Royal Mail.

I felt left out until now.

You could always open their easy saver at 0.85% and keep £1 in it if you really wanted. I suppose it would be a good thing in many ways as it would allow you to get a nominated bank account verified and online access set up now, so that if they launch another high paying regular saver in the future you'd save yourself a lot of time.

I did this myself back when the account was branch/post only and it allowed me to register for online banking and get the nominated account verified much sooner than many on this forum. Just a pity I didn't notice they'd updated the Ts&Cs to allow the account to be managed online before they launched the regular saver but there you are.

silvercar

Bridlington1 said:

happybagger said:

Not until you asked. Disappointingly, I didn't apply, so didn't have opportunity to complain about the length of time it took, the lack of a passbook, lack of account number, inability to get a December payment in time, online access procedures, or Royal Mail.

I felt left out until now.

You could always open their easy saver at 0.85% and keep £1 in it if you really wanted. I suppose it would be a good thing in many ways as it would allow you to get a nominated bank account verified and online access set up now, so that if they launch another high paying regular saver in the future you'd save yourself a lot of time.

I did this myself back when the account was branch/post only and it allowed me to register for online banking and get the nominated account verified much sooner than many on this forum. Just a pity I didn't notice they'd updated the Ts&Cs to allow the account to be managed online before they launched the regular saver but there you are.

Online withdrawals from the easy access account are subject to further terms and conditions. I can’t find what they are. I’m thinking that to withdraw to a bank account elsewhere may again require verification with bank statements of that account. So back to square 1.

Bridlington1

silvercar said:

Bridlington1 said:

happybagger said:

Not until you asked. Disappointingly, I didn't apply, so didn't have opportunity to complain about the length of time it took, the lack of a passbook, lack of account number, inability to get a December payment in time, online access procedures, or Royal Mail.

I felt left out until now.

You could always open their easy saver at 0.85% and keep £1 in it if you really wanted. I suppose it would be a good thing in many ways as it would allow you to get a nominated bank account verified and online access set up now, so that if they launch another high paying regular saver in the future you'd save yourself a lot of time.

I did this myself back when the account was branch/post only and it allowed me to register for online banking and get the nominated account verified much sooner than many on this forum. Just a pity I didn't notice they'd updated the Ts&Cs to allow the account to be managed online before they launched the regular saver but there you are.

Online withdrawals from the easy access account are subject to further terms and conditions. I can’t find what they are. I’m thinking that to withdraw to a bank account elsewhere may again require verification with bank statements of that account. So back to square 1.

I can't seem to find anything that would suggest you need to set up a new nominated account for any easy access account. Indeed once my nominated account was verified I had the option to make withdrawals from both the Premium Instant account and the easy saver yet I'd only filled in one nominated account form.

Furthermore, their nominated account form says:

To protect your money we require our members to nominate a bank/building society account for withdrawals made to external accounts that are not held with the Monmouthshire Building Society. You can designate one account which we will use to facilitate withdrawals from all of your Monmouthshire Building Society accounts where you are registered as the primary holder.  

silvercar

Bridlington1 said:

silvercar said:

Bridlington1 said:

happybagger said:

Not until you asked. Disappointingly, I didn't apply, so didn't have opportunity to complain about the length of time it took, the lack of a passbook, lack of account number, inability to get a December payment in time, online access procedures, or Royal Mail.

I felt left out until now.

You could always open their easy saver at 0.85% and keep £1 in it if you really wanted. I suppose it would be a good thing in many ways as it would allow you to get a nominated bank account verified and online access set up now, so that if they launch another high paying regular saver in the future you'd save yourself a lot of time.

I did this myself back when the account was branch/post only and it allowed me to register for online banking and get the nominated account verified much sooner than many on this forum. Just a pity I didn't notice they'd updated the Ts&Cs to allow the account to be managed online before they launched the regular saver but there you are.

Online withdrawals from the easy access account are subject to further terms and conditions. I can’t find what they are. I’m thinking that to withdraw to a bank account elsewhere may again require verification with bank statements of that account. So back to square 1.

I can't seem to find anything that would suggest you need to set up a new nominated account for any easy access account. Indeed once my nominated account was verified I had the option to make withdrawals from both the Premium Instant account and the easy saver yet I'd only filled in one nominated account form.

Furthermore, their nominated account form says:

To protect your money we require our members to nominate a bank/building society account for withdrawals made to external accounts that are not held with the Monmouthshire Building Society. You can designate one account which we will use to facilitate withdrawals from all of your Monmouthshire Building Society accounts where you are registered as the primary holder.  

That’s my headache, getting the one external account verified. I can’t get statements without paying for them!

Bridlington1

silvercar said:

Bridlington1 said:

silvercar said:

Bridlington1 said:

happybagger said:

Not until you asked. Disappointingly, I didn't apply, so didn't have opportunity to complain about the length of time it took, the lack of a passbook, lack of account number, inability to get a December payment in time, online access procedures, or Royal Mail.

I felt left out until now.

You could always open their easy saver at 0.85% and keep £1 in it if you really wanted. I suppose it would be a good thing in many ways as it would allow you to get a nominated bank account verified and online access set up now, so that if they launch another high paying regular saver in the future you'd save yourself a lot of time.

I did this myself back when the account was branch/post only and it allowed me to register for online banking and get the nominated account verified much sooner than many on this forum. Just a pity I didn't notice they'd updated the Ts&Cs to allow the account to be managed online before they launched the regular saver but there you are.

Online withdrawals from the easy access account are subject to further terms and conditions. I can’t find what they are. I’m thinking that to withdraw to a bank account elsewhere may again require verification with bank statements of that account. So back to square 1.

I can't seem to find anything that would suggest you need to set up a new nominated account for any easy access account. Indeed once my nominated account was verified I had the option to make withdrawals from both the Premium Instant account and the easy saver yet I'd only filled in one nominated account form.

Furthermore, their nominated account form says:

To protect your money we require our members to nominate a bank/building society account for withdrawals made to external accounts that are not held with the Monmouthshire Building Society. You can designate one account which we will use to facilitate withdrawals from all of your Monmouthshire Building Society accounts where you are registered as the primary holder.  

That’s my headache, getting the one external account verified. I can’t get statements without paying for them!

What about a cancelled cheque? They'll accept them as proof of nominated account. It may be worth ordering a chequebook if you don't have one already. The only alternative is seeing if you can get your local dentist or whoever to certify a print out of your bank statement.

silvercar

Bridlington1 said:

silvercar said:

Bridlington1 said:

silvercar said:

Bridlington1 said:

happybagger said:

Not until you asked. Disappointingly, I didn't apply, so didn't have opportunity to complain about the length of time it took, the lack of a passbook, lack of account number, inability to get a December payment in time, online access procedures, or Royal Mail.

I felt left out until now.

You could always open their easy saver at 0.85% and keep £1 in it if you really wanted. I suppose it would be a good thing in many ways as it would allow you to get a nominated bank account verified and online access set up now, so that if they launch another high paying regular saver in the future you'd save yourself a lot of time.

I did this myself back when the account was branch/post only and it allowed me to register for online banking and get the nominated account verified much sooner than many on this forum. Just a pity I didn't notice they'd updated the Ts&Cs to allow the account to be managed online before they launched the regular saver but there you are.

Online withdrawals from the easy access account are subject to further terms and conditions. I can’t find what they are. I’m thinking that to withdraw to a bank account elsewhere may again require verification with bank statements of that account. So back to square 1.

I can't seem to find anything that would suggest you need to set up a new nominated account for any easy access account. Indeed once my nominated account was verified I had the option to make withdrawals from both the Premium Instant account and the easy saver yet I'd only filled in one nominated account form.

Furthermore, their nominated account form says:

To protect your money we require our members to nominate a bank/building society account for withdrawals made to external accounts that are not held with the Monmouthshire Building Society. You can designate one account which we will use to facilitate withdrawals from all of your Monmouthshire Building Society accounts where you are registered as the primary holder.  

That’s my headache, getting the one external account verified. I can’t get statements without paying for them!

What about a cancelled cheque? They'll accept them as proof of nominated account. It may be worth ordering a chequebook if you don't have one already. The only alternative is seeing if you can get your local dentist or whoever to certify a print out of your bank statement.

I sent a cheque to open the account, so they haven't accepted that as verification. I am not even sure they will accept a pdf of a statement, even if verified.

Bridlington1

silvercar said:

Bridlington1 said:

silvercar said:

Bridlington1 said:

silvercar said:

Bridlington1 said:

happybagger said:

Not until you asked. Disappointingly, I didn't apply, so didn't have opportunity to complain about the length of time it took, the lack of a passbook, lack of account number, inability to get a December payment in time, online access procedures, or Royal Mail.

I felt left out until now.

You could always open their easy saver at 0.85% and keep £1 in it if you really wanted. I suppose it would be a good thing in many ways as it would allow you to get a nominated bank account verified and online access set up now, so that if they launch another high paying regular saver in the future you'd save yourself a lot of time.

I did this myself back when the account was branch/post only and it allowed me to register for online banking and get the nominated account verified much sooner than many on this forum. Just a pity I didn't notice they'd updated the Ts&Cs to allow the account to be managed online before they launched the regular saver but there you are.

Online withdrawals from the easy access account are subject to further terms and conditions. I can’t find what they are. I’m thinking that to withdraw to a bank account elsewhere may again require verification with bank statements of that account. So back to square 1.

I can't seem to find anything that would suggest you need to set up a new nominated account for any easy access account. Indeed once my nominated account was verified I had the option to make withdrawals from both the Premium Instant account and the easy saver yet I'd only filled in one nominated account form.

Furthermore, their nominated account form says:

To protect your money we require our members to nominate a bank/building society account for withdrawals made to external accounts that are not held with the Monmouthshire Building Society. You can designate one account which we will use to facilitate withdrawals from all of your Monmouthshire Building Society accounts where you are registered as the primary holder.  

That’s my headache, getting the one external account verified. I can’t get statements without paying for them!

What about a cancelled cheque? They'll accept them as proof of nominated account. It may be worth ordering a chequebook if you don't have one already. The only alternative is seeing if you can get your local dentist or whoever to certify a print out of your bank statement.

I sent a cheque to open the account, so they haven't accepted that as verification. I am not even sure they will accept a pdf of a statement, even if verified.

For some peculiar reason they won't verify your nominated account with the cheque that you sent to open the account. They will however accept a cancelled cheque so long as it is sent with the nominated account form, so you can still send a cancelled cheque as proof of your nominated account (at least that's what their head office told me on the phone on Wednesday).

They will accept a pdf statement that had been printed off and certified.

IMHO the easiest thing to do would be to send them a cancelled cheque now whilst the postmen aren't on strike.