In can be really hard for anyone to get a bank account in the UK nowadays. With the bank sometimes wanting two forms of ID, and a utility bill, and maybe even a reference, it can make things tough for some people to open up an account.
I moved to England, from Belfast, last year with a friend to start new jobs here. We both first of all needed to open bank accounts to deposit our wages into. For my friend it was really hard - because we rented our accommodation and the rent included bills, we didn’t have any utility bills in our name. There were other problems, but this was a main one - a stupid rule that discriminates against renters.
I say that it was really hard for my friend, but it was even more difficult for me. Because I have dual nationality and chose to travel on an Irish passport the banks would not take this as verification of my ID. So, even though I am a British citizen, unless I show a British passport the banks will not try to confirm my identification and turned me down straight for a bank account.
Although I was having more problems, my friend wasn’t able to open a bank account either. So here we were - two successful men in two good jobs, who just weren’t allowed to open a bank account in England because of a lot of red tape.
My friend got lucky - after a long time of stress and unhappy phone calls he went online and got a Barclays current account online. Me however, I gave up. I have to use my Ulster Bank account for my wages to be paid to me. Although I can use my bank card here to withdraw money here I am very limited to the services I can use from over here.
So, I ask what, kind of shambles is the British banking system that two British citizens can have such problems in simply opening an account?
About the Author:
Michael Hanna is a keen writer, and internet marketer living in Scotland.
Contact details: E-mail: samqam@googlemail.com Phone: 0131 561 2251 Michael's Website: Taxi Belfast
Article Source: ezinearticles.comCertificates of Deposit are the simplest form of financial instruments in which to invest. You get a guaranteed rate for a fixed term, for the minimum amount of form filling. Normally from an offshore bank you would receive between 6% and 8.5% depending on the amount and the length of the term. Interest can be paid quarterly semi annually or annually, or it can simply be left in the account to gather compound interest.
Do you want to know more about Certificates of Deposit? You need to call Swiss Trust Bank Now on 001-784-458-2400 for a more informal discussion.
Normally a bank would require an application form, copy of passport, bank reference, and source of funds documentation. A Certificate of Deposit is issued to the client giving the amount, the interest rate and the term. As soon as the funds are sent to the offshore bank, they are inmmediately put into an investment programme, for the term of the deposit, hence funds paid into a Certificate of Deposit are irredeemable until due for payment, at these higher interest rates. Payments can be made by wire transfer, or check (checks take six weeks to clear) or bankers draft. whichever is most convenient for the depositor. It is important to choose an offshore bank of some quality, such as Swiss Trust Bank in the Caribbean that has an excellent investment record since the 60's via the Swiss Trust Group who are based in Zurich.
Do you want to know more about Certificates of Deposit? You need to call Swiss Trust Bank www.swisstrustgroup.com Now on 001-784-458-2400 for a more informal discussion.
The Author of this article David Morgan is manager of the Swiss Trust Bank Group and has over 20 yrs experience in the banking and financial world. You have permission to syndicate this article providing you the link it to http://www.swisstrustgroup.com
Article Source: ezinearticles.comChex-Systems-Removal
No discussion of Chex-Systems would be complete without accompanying information on Chex-Systems-Removal. Please be aware that ALL of our ChexSystems information (including non-chexsystems banks and online banks) is totally FREE. We do not charge for this information like other sites do. It is all FREE for your use. Tell your friends about it.
Also, newly added is a Brand New source that has a 100% approval rating [if you meet the simple criteria] and you can now have a real checking account, Even if you are currently in ChexSystems!
ChexSystems is a network that is made up of member banks and credit unions that contribute information to a central location concerning negative information on checking and savings accounts. This information is shared among the member banks and credit unions to warn them of bad check writers.
ChexSystems neither approves nor disapproves new accounts. These decisions are entirely up to the member bank or credit union. They are also licensed as a debt collection service to members that participate in their service. Members report the names and addresses of account holders whose accounts have remained unpaid. Every report that is submitted to them remains on file for at least 5 years, unless the source of the information requests that it be removed or Chex-Systems becomes obligated to remove it under applicable law. A reporting member is under no obligation whatsoever to remove an accurate report of account overdraft and/or non-payment.
non chexsystems banks online
Apply today for a bank account tomorrow
Non chexsystems banks are few and far between, but they are out there.
We have compiled a current (as of 2006) list of banks online that either overlook ChexSystems information or simply do not care about your past checking history.
Online banks are nearly as convenient as a local bank, especially if you have Direct Deposit. With most online non chexsystems banks, you also receive a VISA or MasterCard ATM/Check Card. These debit cards can be used to get cash from ATMs and to make purchases. You can even avoid ATM transaction fees by using the card to get cash back at U.S. Post Offices, grocery stores, and many other retailers.
If you apply to one of these online banks and are rejected for a checking or savings account because of a ChexSystems mark, please let us know immediately so that we may update our current listing.
In a nutshell, you can either scour the website for non chexsystems banks or apply online for an account; unfortunately, these banks change their regulations frequently. The second method would be to apply for a real bank account and ATM card with a non chexsytems bank and be done with it. This way, you save time and effort and are guaranteed to get your checking account.
I have spent 14 years in the car business as a Finance Manager; specifically dealing with bad credit. I know what it's like to not have a checking account or ATM card because of a past mistake.
Article written by Alicia Guidry http://www.bad-credit-card-applications.com/Chex-Systems.html
Article Source: ezinearticles.com|
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