Too much savings!!

born_again

TimeLord1 said:

born_again 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. 

sheramber

TimeLord1 said:

born_again 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.

Pandora_2

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!