What is scary is that if you have your money there for mortgage, bills etc, and they freeze your account you lose access without warning and you don't get your money back for a couple of months.
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Originally posted by GJABS View PostPresumably the reason is that with interest rates being so low, these accounts are no longer profitable for them.
When you (or "they") are taking an interest in someones possibly dodgy dealings, it seems rather stupid and counterproductive to alert them to the fact.Work in the public sector? Read the IR35 FAQ hereComment
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Originally posted by OwlHoot View PostThat sounds more likely than anti-money-laundering measures, because surely in the latter case it is better to leave the bank accounts but monitor them.
When you (or "they") are taking an interest in someones possibly dodgy dealings, it seems rather stupid and counterproductive to alert them to the fact.
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Originally posted by courtg9000 View PostRBS group and the way it treats customers.
RBS has been at this sort of shizzle for years. Does anyone remember the despotic GRG and West Register? Does anyone remember the damage they did?
RBS dosen't care one jot about any customer.
If they cannot squeeze the customer they don't care. Get rid of the customer.
I do feel sorry in a way for customers affected but on the other hand these customers really should have gone to a better bank in the first place.Last edited by minestrone; 18 May 2020, 10:18.Comment
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Originally posted by minestrone View PostI read that and I completely agree, but they wear you down to the point you dont have the energy. Ive got 2 business accounts with them, multiple clients, adding a signatory to one of them broke me. It's like having a WW2 bomb under your house you're not brave enough to get rid off.
I wouldn't ask a good mate to put up with that, let alone a stranger."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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I presume it's still relatively simple to open a new account at a different bank rather than the aggro of trying to transfer?
Several challenger banks (e.g. Starling which is app based) must be offering a pain free (as possible within the regulations) process to attract those looking for something more modern in approach than the archaic banks wanting references and the like.
Though having said that, Starling are not currently allowing new accounts for self-employed due to the verification process not being as automatable as for Ltds with public records.
Oh well, one day soon we'll all be using anonymousable distributed crypto banking.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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Originally posted by cojak View PostYep, switching banks is NOT as easy as people make out. I tried moving to FirstDirect and they wanted me to ask a verified safe person from very narrow number safe professions to write a half-page script on the back of an original bill addressed to me in the last three months.
I wouldn't ask a good mate to put up with that, let alone a stranger.Comment
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“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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Originally posted by cojak View PostYep, switching banks is NOT as easy as people make out. I tried moving to FirstDirect and they wanted me to ask a verified safe person from very narrow number safe professions to write a half-page script on the back of an original bill addressed to me in the last three months.
I wouldn't ask a good mate to put up with that, let alone a stranger.His heart is in the right place - shame we can't say the same about his brain...Comment
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Originally posted by Mordac View PostI'd struggle with this, since we don't get any postal bills any more (except council tax, which is only once a year) everything else is paperless. The banks need to get a little bit more up-to-date.
Though talking of dinosaurs, it's possible to print out the online bills that will likely contain the same info as if they'd posted them.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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