lompos wrote on Dec 21
st, 2006 at 6:23pm:
when contacting Icesave remember to use their geog. number, which they released with great reluctance, and which is now on the database: 0191 255 8377
How do you know it was with great reluctance lompos. Were you the person who extracted the number from them then?
At least they did provide it in the end and I'm fully hoping that I will only ever need to deal with them online. Certainly they seem to have shown a great deal of action on my account opening since I applied at the weekend and despite the Christmas post I have received two letters with direct debit mandate confirmations and an account welcome pack too. My main intention was really to replace ING Direct with them because its clear ING have no intention of ever offering a decent rate of interest again.
Icesave's parent bank now own some extremely crusty and traditional Blue Blood UK private banks which certainly gives one a good feeling about them, even though Iceland is only a member of the European Economic Area and not of of the full EU.
With ICICI they may have joined the Investors Compensation Scheme but they haven't signed up to the Banking Code and if their UK subsidiary went bust you could still lose up to £3,000 or 10% of your money which would rather negate the benefit of getting 0.5% more interest. Also I know its probably wrong of me but I felt comfortable giving various ID details from my Passport and Driving License as online ID decks without the need for any paper ID sending to IceSave but I really wouldn't have felt comfortable about that with ICICI, especially after the recent Channel 4 Dispatches program with horrendous revelations about sale of confidential personal data by certain staff in Indian call centres.
I'm still annoyed I failed to apply in time for the GE Money Everyday Credit Card that gave 3% Cashback on groceries and petrol (although in fact seems to give 3% Cashback on everything according to the MoneySavingExpert discussion forums due to an admin cockup on their computer system). They have now pulled the card though and I expect its only a matter of time tlll they cut the 3% cashback to the 1% (or perhaps less) that my Conran Visa card has been paying for over 5 years..............