There’s always Nationwide
Nationwide exec bonuses are on par with banks with shareholders. I vote them down every year, whilst most people renew their votes.
And they quasi enrich with convertible bonds issues. They still have some PIBS but are redeeming them at every opportunity (most recently tomorrow).
All of their bonds convertible to equity pay decent interest and not available to members in any way. Neither to buy those bonds or receive similar interest via any of their savings accounts.
So yeah, nationwide also milk their members. It is nice that regular saver got recently reintroduced back at competitive 2% at £200 a month but that is about it.
None of their other member savings accounts match the interest they pay to investment banks.
Their mortgage rates are ok / better than others, but have odd lending requirements at times and artificially inflate rates for new vs existing customers. I don’t understand why.
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What do you feel is the right remuneration for the CEO of the UK’s 2nd largest mortgage lender? If you don’t agree with the figure they’re suggesting, you must have some idea of the figure you’d feel is better suited, surely?
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I am ok with the numbers, not fine with ratios.
To me 7.5x of average Nationwide employee is more than sufficient. Their c-suite / board renumeration exceeds that. I would hope they can bring things to a smaller ratio. For example by I creasing average pay and reducing execs pay.
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For Barclays the average salary is 100k. This is skewed by a few thousand earning 1m plus and many earning 20-50k, still it’s a big number. This was in an annual report a few years ago.
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Both Monzo flex & tymit issue the card number straight away and one can use it with Apple/Google Pay straight away in physical locations and online with number details.
Not sure, but I think jaja was the same.
So there are some that do it right.
I think I heard some legacy banks allow apple/Google Pay straight away as well, but I can’t remember which.
But yeah, most of them is like wait for physical post across multiple days and then activate it before being able to use.
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I think you can request a replacement via the app too, which should be easier.
The form is if you try to do it via internet banking, if I’m right?
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All RBS (and NatWest, and the rest of the group) new accounts take up to two or three days after opening to show in the app and online.
I think it’s because they only add the account to your profile on the next run of their batch-processing, which happens during overnight downtime.
I have fairly-recently taken out a credit card with First Direct, and although you had to wait for the card to arrive to use it I was pleasantly surprised with them. They posted the card 1st class and it arrived after only a couple of days. The initial application was all in the app so I didn’t have to wait for documents to arrive, sign those and then wait for them to process them as I had thought they may do. The card also arrived “pre-activated”, which saved a further step at the cost of some security. The app application was a bit clunky, though, so could be improved.
What I did find a bit ridiculous, unfortunately, was you have to post them a paper form if you want to set up a Direct Debit payment for the bill!
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Thankfully with my HSBC Rewards credit card, because I’m an existing HSBC customer, I could set up my DD completely online. Apparently this would not have been the case were the credit card my only HSBC product.
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First Direct could apparently set up a Direct Debit without the form if you wanted to pay it from a First Direct current account.
As I didn’t select that option, I have no idea how that process would have gone, but I suspect it would have meant you had to call them and go through a process of verbally agreeing to terms.
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Yes. I recall HSBC was basically the same (for obvious reasons)
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Oh, sorry. I thought that button actually worked!
I did also once re-order a card through CORA (but it involved an agent, so wasn’t automated).
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I’m not surprised, based on the Twitter replies further up the thread.
However, on the strength of those same replies I would expect existing customers to start to be converted starting in February, so not that long now.
Out of interest, is your new card a shorter expiry date than normal? Santander were issuing Visa cards with expiry dates of around 13 months earlier this year, in preparation for the Mastercard switch. I wonder if NatWest are doing the same?
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Interesting, although there is nothing to stop them replacing it early (which First Direct did) so it doesn’t necessarily mean anything.
It does slightly add credence to the theory that we, as outsiders, have in that it seems like they haven’t touched their card systems for existing customers yet at all, so everything is running as it was before the switch started for the moment.
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Me too!
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Natwest has had MasterCards for a while. I’ve had one for around a year
If that’s true, then it’s a credit card.
This is about Mastercard debit cards, which they only started issuing as of the 1st of December.
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Interesting. Hadn’t seen that post, and visit MSE forum daily.
Wonder what the T&Cs are for the draws. Anything out the ordinary.
Laithwaite offers appear with most the banks I hold accounts with 
Not much there to entice those eligible for rewarding switches to stay with Barclays, I guess.
Dunno what I’ll do with mine yet. It won’t cost me anything to keep it and is minimum maintenance atm too, for me.
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I’m not sure Barclays phrased it quite like that….
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“Barclays snubs public cloud giants and hardware rivals for HPE GreenLake private cloud • The Register”
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