Documentation.


A

Alex

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?
 
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P

Phil Deane

Alex said:
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.
 
J

john boyle

Alex <[email protected]> said:
Ages ago I got some information for (I think) a Birmingham Midshires (sp?)
account to be opened through the post (building society).
It must have been ages ago if it was still a 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?
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.
 
A

Andrew Z

What did RBS do or not do to get this fine?

john boyle said:
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.
 
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J

john boyle

Andrew Z said:
What did RBS do or not do to get this fine?
They were not as fastidious about collecting ID as Birmingham Midshires
appear to be.
 

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