Kaupthing Edge - Bank statements no longer required!

AQUA-IAN

Opened an account with Kaupthing Edge and just received a confirmed email message.

" Welcome to Kaupthing Edge. We have made joining even easier in response to consumer feedback meaning you no longer need to send us an original bank statement for your nominated linked bank account. This new process makes applying simpler, faster and more convenient, without compromising security".

mjmal51

Yes I got this also today. Went through the application last weekend and used a linked account which was paperless so they wanted a statement from another account which did offer statements. I hadn't got round to sending this off so now won't need to bother.

tawse57

Did the email say "Just give us the money - NOW!" If so, be afraid. Be very afraid!

CannyJock

Yup, I've just had a paper copy of statement arrive through (had to order it, nominated account was paperless).

And just had an email yesterday welcoming me on board. Ho hum.

djt

I got an email with my account number and sort code yesterday, must admit I find it a bit strange they haven't asked for any ID.

Meltdown_2

djt wrote: »

I got an email with my account number and sort code yesterday, must admit I find it a bit strange they haven't asked for any ID.

You probably have given them enough for their needs without realising it.
Name, Address, length of time at this address - makes Electoral Roll check possible.
Details of another bank account - enables them to get a level of verification from that other bank.
Possibly you gave them other info e.g. passport number, driving licence number.

More and more, verification will be electronic - it is cheaper and easier for the banks.
(And - they can argue - satifies their money laundering requirements.)