📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Too much savings!!

12346»

Comments

  • born_again
    born_again Posts: 20,616 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    TimeLord1 said:
    TimeLord1 said:
    So what happens if within the six years, you transferred or closed accounts, it would be impossible to find that information or get access. 
    You get provided with 6 years' statements now when they close accounts. You should also be asked if you want statements when doing a CASS transfer.
    That's the first time I've heard that since what year was that implemented, because when I transferred all I received was a closing statement and the amount transferred some years ago now  but no offer of statements.
    HSBC asked if I wanted them when closing my account in 2023.
    I just got online access via a password protected link. 
    Life in the slow lane
  • sheramber
    sheramber Posts: 22,693 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    TimeLord1 said:
    TimeLord1 said:
    So what happens if within the six years, you transferred or closed accounts, it would be impossible to find that information or get access. 
    You get provided with 6 years' statements now when they close accounts. You should also be asked if you want statements when doing a CASS transfer.
    That's the first time I've heard that since what year was that implemented, because when I transferred all I received was a closing statement and the amount transferred some years ago now  but no offer of statements.
    When Tesco closed my current account (2019) they offered the last 6 years statements.

    I had to ask for them.
  • Well I've submitted all my statements and just had a call saying they will process everything over Christmas. They said I was over the £6k between 2022 and 2024 but am only around £4k now so they don't need anything else from me for now. Said it will probably be in the new year when I hear from them about the amount of overpayment and then I can negotiate a payment plan out of my universal credit. So major panic over for now! Just have to wait and see what figure they come up with and how much its gonna hurt. How I wish I had paid off my debts instead of saving for emergencies! Never mind!
    :ADFW Nerd 145
    LBM - June 2006 - DEBTS - £19,261.08 :eek:
    Nov 2017 - £10,644.92!!
    [ibSeptember 2024 - still not debt free but only about £2k to go!! Woop!! [/i]
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.