The Old Regular Savers Discussion Thread 28/12/24-29/1/26

subjecttocontract

WillPS said:

subjecttocontract said:

My Monmouth Branch Exc' reg saver doesn't end in an X......It's just a 10 digit numeric. Suggest you just use the 10 digit number you have as the reference, leaving the X off. Try it with £1 to test it.

Don't do this the X is part of the number. 

X isn't a number, it's a letter. The OP said they had a 10 digit number.

wmb194

where_are_we said:

New Manchester BS RS - I have to post 2 ID documents to confirm identity. I already have a Newcastle RS for which I had to supply passport photo and bank statement about 10 months ago. Because Newcastle BS and Manchester BS merged in 2023, and to save the onerous task of posting 2 ID documents to Manchester BS, what are my chances if I asked Manchester BS to view my Newcastle BS account and waive the need for fresh documents?

Zero. IIRC there's only a six month window for institutions to use the same ID verification process for multiple accounts opened in that time.

kermchem

YBS Regular saver

I opened the YBS 50 pound regular esaver 2 weeks ago as a new member of the society. Opened it online, no problems with passing their ID check, which included uploading a copy of driving licence to their ID checking partner. Account funded. Set up the app for online access. I am a happy customer.

A heads up - just had a courtesy call from a branch, one of two that are both about 15 miles away, to check that I am happy, advise me that I can use the branch, but that I would need to bring ID with a signature to conduct business in branch. Friendly call, excellent customer service, but now I guess I wait for a call from the five other building societies I have RS accounts with.

diomedeidae

What_time_is_it said:

I’ve set up a Branch Exclusive Regular Saver with the Monmouthshire.

I now have the account number in the app. It’s a 10 digit number but it ends in an X. Is that normal?

I want to transfer some funds before the month ends but I also want to be certain that the details are correct!

X is part of the account number.

alfred64

kermchem said:

YBS Regular saver

I opened the YBS 50 pound regular esaver 2 weeks ago as a new member of the society. Opened it online, no problems with passing their ID check, which included uploading a copy of driving licence to their ID checking partner. Account funded. Set up the app for online access. I am a happy customer.

Best cup of coffee I had was from YBS.  Skipton's was not so good. Both excellent customer service though, along with others.

Slinky

kermchem said:

I guess I wait for a call from the five other building societies I have RS accounts with.

I've never had courtesy calls from any of the banks/BS I have money invested in, and I'd be inclined to treat any such call with suspicion if I did so!

pafpcg

WillPS said:

subjecttocontract said:

My Monmouth Branch Exc' reg saver doesn't end in an X......It's just a 10 digit numeric. Suggest you just use the 10 digit number you have as the reference, leaving the X off. Try it with £1 to test it.

Don't do this the X is part of the number. 

The trailing "X" is part of the account number.  All account numbers have a check digit at the end and it appears that MonBS are using the Modulo 11 algorithm to calculate the check digit - where the check digit results in "1", Modulo 11 replaces that with "X".  It can be hugely frustrating because validation of incoming data can't just test for and reject any non-numeric characters. Even MonBS themselves fall foul of the problem - a few years ago, they had a form on their web-site to submit maturity instructions - their own form would not accept account numbers with the "X" character!  

Kim_13

diomedeidae said:

What_time_is_it said:

I’ve set up a Branch Exclusive Regular Saver with the Monmouthshire.

I now have the account number in the app. It’s a 10 digit number but it ends in an X. Is that normal?

I want to transfer some funds before the month ends but I also want to be certain that the details are correct!

X is part of the account number.

This. Exclusive accounts started ending in X in 2024 - Exclusive Issue 2 and App Exclusive Issue 1 both have for me. I don’t have the branch version. 

App Exclusive Issue 1 ending in X returned a COP match after 24 hours. As Monmouthshire begin the account term from the date of initial funding, waiting for a COP match and then funding is the obvious solution.

 

SJMALBA

FWIW, all of my Mon BS accounts, inc. this year's 'Regular Saver Issue 8', 'Branch Exclusive Regular Saver Issue 1' and 'App Exclusive Regular Saver Issue 1', are numeric only.

janusd

What usually happens to the Everyday Saver when the Halifax RS matures?

I received a letter from them at the weekend saying that the Everyday Saver ends its term on 1st December (obviously same day as the RS) and gave 3 options - a) renew for another 12 months; b) transfer balance (currently zero); c) close the account or if I do nothing, it converts to an Instant Saver on the 2nd December.

Their Regular Saver page makes no mention of the Everyday Saver converting to an Instant Saver after 12 months. I know the RS itself automatically renews at maturity, i'm just trying to figure out what the usual next step is with regards to the Everyday Saver - if it converts to an Instant Saver, will they then open another Everyday Saver when the RS renews - or should I just renew the Everyday Saver now (or closer to maturity)?