Savings account through same bank as current acc?

D5T · 18 Sep 2009 at 10:24

Just a quick question - if I want to open a savings account with the same bank I have my current account with (for about 12 yrs) would that involve a credit check?

rpstewart · 18 Sep 2009 at 10:28

Since when has opening a savings account needed a credit check? You're giving the bank money rather than the other way round.

D5T · 18 Sep 2009 at 10:30

I'm not great with finances (hence not having a savings account). Just never sure what involves a credit check. Out of interest would it have been different if it was with someone other than "my" bank?

SixTwoSix · 18 Sep 2009 at 10:33

rpstewart said:
Since when has opening a savings account needed a credit check? You're giving the bank money rather than the other way round.

You'd be surprised, I can't open a savings account at the moment due to poor credit

McGray · 18 Sep 2009 at 10:49

SixTwoSix said:
You'd be surprised, I can't open a savings account at the moment due to poor credit

Lol that makes no sense.

Dark88 · 18 Sep 2009 at 10:57

If it's a different bank then I suspect the max they'd do is check your identity, bills, drivers licence etc. With the same bank you could probably do it through your online banking and it would be set up nearly instantly.

A2Z · 18 Sep 2009 at 11:41

Nope...my savings account with Natwest who Im already with was open instantly after applying, showed up on my online banking the next day.

SixTwoSix · 18 Sep 2009 at 11:43

McGray said:
Lol that makes no sense.

I don't make the rules, just screwed by them

Dark88 said:
With the same bank you could probably do it through your online banking and it would be set up nearly instantly.

Not the case with barclays at least