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Newcastle BS tracker opened then closed by NBS

etwallace
etwallace Posts: 30 Forumite
Ninth Anniversary 10 Posts Combo Breaker
edited 3 July 2023 at 8:17PM in Savings & investments
Can't find much about this. I opened a NBS tracker on 28th June and received the email confirmation etc. I did not have an existing account with them. I sent 2 GBP to fund the account. Today I phoned NBS about identity docs and was told the tracker account is closed because I don't have an existing account with them. The tracker terms say nothing about needing an existing account. What's going on?!

Comments

  • housebuyer143
    housebuyer143 Posts: 4,299 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    edited 3 July 2023 at 8:30PM
    etwallace said:
    Can't find much about this. I opened a NBS tracker on 28th June and received the email confirmation etc. I did not have an existing account with them. I sent 2 GBP to fund the account. Today I phoned NBS about identity docs and was told the tracker account is closed because I don't have an existing account with them. The tracker terms say nothing about needing an existing account. What's going on?!
    I believe they won't fund the account without first opening it and they won't open it without proof of ID in your case.

    As per the T&C's they can withdraw the product at any time, which they did on Friday. I imagine because your account isn't open they have decided not to honour it and open it now! 
  • etwallace
    etwallace Posts: 30 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    After a second call it appears that the account is pending and not closed until my I'd arrives. If the prev reply is deleted I might be able to delete the post because is was a misunderstanding! 
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