The Top Regular Savers Discussion Thread

bioboybill

My application for Ecology in the app ended with them saying I'll receive an email within 2 working days as they might need some more info. I don't know why since I have never had a problem with id verification elsewhere.

MaxBlax

Ecology BS RS: Lloyds Classic CoP warning

I opened an Ecology BS RS yesterday and every attempt to fund the account from my Lloyds Classic account yesterday and today using correct details, in one instance copied & pasted, produces Confirmation of Payee (CoP) warning We can't check these details (see message screenshot below):

A Lloyds Bank telephone customer service staff member also received the same warning when they tried.

I'm currently continuing to pursue how I can fund the Ecology RS from my Lloyds Classic account with a successful CoP check.

x44

Welcome to the world of AML checks and KYC rules. Sooner or later you will be required to supply ID via some method to someone.

One savings group actually told me that even with those who could have their ID checked by electronic methods sometime get caught as the system randomly chooses the odd one every now and then for full ID checking

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82094849#Comment_82094849

Ecology CoP from Lloyds

Yesterday I had the same. I just told it to proceed with the payment anyway and Ecology's app confirmed receipt a few seconds later. Just check and triple check that you've entered the correct account details.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82094849#Comment_82094849

Obvious thing, does your profile on Ecology show the correct linked bank account details?

MaxBlax

https://forums.moneysavingexpert.com/discussion/comment/82094855#Comment_82094855

Yes it does

jaypers

The Lloyds warning is just a pause page to make people think before proceeding with a new payee. So many scams now trick people into transferring money, all Banks are doing it, especially because of their liabilities now in having to refund for APP fraud.

COP should be confirmed before this screen, in which case just continue. It’s nothing to worry about unless you’re being scammed.

x44

That Lloyds message is their standard one when their system have not yet set up the COP for new Buidling Society collection type accounts. Wait a bit (I usually wait till the next day after account opening) and it will return the usual "account details confirmed" message.

apf666

https://forums.moneysavingexpert.com/discussion/comment/82089406#Comment_82089406

personal choice i guess on giving it a go, if early in to a RS, may be worth the effort, if later, i would still suggest not. thanks

jaypers

https://forums.moneysavingexpert.com/discussion/comment/82094868#Comment_82094868

I think it’s standard for a new payee even if COP confirmed. Ecology COP updates immediately for all of the main institutions. I Bank with Barclays and had something very similar after COP was confirmed with 3 questions to answer. It’s to make people stop and think in case it’s an APP scam to a so called ‘safe account’…….a crime which is absolutely rife, causing misery to so many people and costing the Banks millions as rules are now such that Banks are liable unless they can prove the customer in the wrong, which I guess if you’ve answered these questions would be the case!