On-line opening and ID.

Simon · 2004-07-06T10:33:28+00:00

I was looking at opening an online UK bank account and was wondering about the ID requirements. If I say I am unemployed, do not give my current bank account details (perhaps I do not have one), and give an accommodation address or flat I have recently rented how can they verify me? Of course, the credit records will reveal nothing, but would that stop them opening an account, if all you wanted was Switch and a chequebook (no overdraft or credit card)? And for the company, could you just not make up the details? I'm sure none of this is the case in reality, but if it is done on-line, how can they verify you so easily? They obviously use databases rather than checking identification, but even so...? And they must have to comply with the law?

Jul 06, 2004 22 Replies

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Eric Jones 22 years ago

So can you prove to me that any Goldfish account holder who had say 100 in their account had to accept a lesser amount after the takeover? If you had 100 in , you still have 100 now ie no loss. Eric

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JF 22 years ago

In message , Alan writes

James Capel used to manage my SIPP's portfolio for a charge of about GBP400 pa. They had been doing so for eight years without problems. James Capel was absorbed by HSBC and last year HSBC told me to foxtrot oscar with my SIPP or face charges of GBP5000 pa! So I fox trotted off to Rathbones who were happy to take it on. Plus, as I later discovered, the accounts of about 3000 other HSBC SIPP owners.

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