Ages ago I got some information for (I think) a Birmingham Midshires (sp?) account to be opened through the post (building society).
They asked for about four forms of original ID (such as passport, driving license) which seemed absurd.
I know they have to comply with the law, but this seemed excessive. How do they hope to get new customers?
Money Laundering Regs. I think its 3 pieces they need. 2 for address and 1 with name if it is postal.(if it is a Current account,a nd you are not on the electoral roll may require more)
Not their fault. All lenders would/should be the same.
In message , Alex writes
It must have been ages ago if it was still a Building Society.
They would dearly love not to have to go to such ridiculous lengths but Money Laundering rules are very strict. RBS got fined £100ks earlier this year.
What did RBS do or not do to get this fine?
In message , Andrew Z writes
They were not as fastidious about collecting ID as Birmingham Midshires appear to be.
Have something to add? Share your thoughts — no account required.
Ask the community — no account required