Icesave-Lansbanki

Bitstring , from the wonderful person BigGirlsBlouse said

In message , BigGirlsBlouse wrote

I've been with them for around a year with no problems. I seem to recall they didn't need the _original_ documents as proof of identity. A cheque or transfer from a UK bank account in the same name as the account being opened and photocopies of passport/driving licence were all that was required.

I've been with them for about half a year. it all seems to work smoothly. When I forgot my login details I phoned the helpline and spoke to a helpful human at once.

Just say "Eg talar ekki nema daulitidh i izlenzku." when you ring.

Robert

I have been with them since they opened for business in earnest in the UK.

They were very bad at start up - transferring ISAs in took a terrible time - but I assume that was due to the volume of transactions.

I have found them good since the teething problems.

(They are of course not a clearing bank so transfers do take a few days - with the money in limbo at that time so you get a loss of interest)

They're excellent, in my experience. Been with them for 15 months now and never had a single problem. All bank transfers/direct debits occur in the regular time period (two/three working days), the website always works, the interest rates have (so far) been very good and they opened my account incredibly quickly.

Get the thumbs up from me.

Reece

Thanks for your positive comments guys and gals... put my mind at rest..only trouble seems to be the financial compensation scheme... a bit of icelands...and top up with the UK's...sounds complicated but lets hope things don't come to needing it!

What a mistake that investment was..... despite being reassured by all here who have accounts. Now even iceland backing out of its depositor guarantee for foreign investors. I must admit to losing a lot of sleep over this and recent events...and am now reassessing my risk profile. My father who was a chartered accountant had the right idea....either in one of the most stable (but unexciting) banks in the world HSBC, or in the pseudo bank of england, NS&I.

In message , BigGirlsBlouse wrote

Most people got their money out in time. Yesterday the BBC reported 350,000 people had accounts. Today they are reporting 'tens of thousands' of accounts.

Bitstring , from the wonderful person Alan said

Apples and oranges - 350k account holders, 10s of K who hold >£50k, and were thus outside the guarantee. Of course if Iceland reneges on their part of the guarantee, many more will be losers without UK government assistance.