First Active e-savings account

Yes, the card reader and PIN.

You then follow a boring procedure to enable it.

And then nothing, that's when the new gadget interest ends. :)

As others mentioned there's not much that can be done with it at the moment.
 
GeneralZod said:
Yes, the card reader and PIN.

You then follow a boring procedure to enable it.

And then nothing, that's when the new gadget interest ends. :)

As others mentioned there's not much that can be done with it at the moment.
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Not true - you can enable your account for use with the card/reader and then when you perform certain operations (e.g. transfers out for one thing) you will need to use the card/reader to authorise them.
 
ClubMan said:
Not true - you can enable your account for use with the card/reader and then when you perform certain operations (e.g. transfers out for one thing) you will need to use the card/reader to authorise them.
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I just scheduled a €60 payment out to my UB current account to be made on January 30th without the use of the reader. I think it will only "[broken link removed]" ask for authorisation for this kind of transaction. I've yet to have cause to use it since enabling it.
 
The transfer that I did was not a scheduled one and I was asked to confirm using the card/reader.

Update: correction - I did a payment to an external (PTSB) account and not a transfer. Maybe that difference is significant?
 
I just tried an immediate payment and no prompt for reader. Given the "occasionally" (FA's word not mine) we're not necessarily observing inconsistent behaviour. I'm enabled for the reader as if I start to create a SO it prompts me for it.

Update: I've also got a normal FA demand account and I just bounced a euro back and forth between the eSavings and the demand account without being prompted for the reader.
 
OK - I did likewise and was not asked for card/reader authorisation this time. Odd - maybe the card/reader system knocks off at 5PM? ;)
 
ClubMan said:
You will get the card reader in a few days. Then you will get the initial PIN for the card/reader. Did you not read the earlier parts of this thread where all of this is already covered?
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Hey, lighten up there Clubman. Why so tetchy :p

I think if you look back to the earlier days of this thread, I was instrumental, along with your good self, GeneralZod, Godfather and others, in clarifying the terms and conditions regarding the banded Interest Rate regime with this FA account.

In fact, I think we kicked up such a fuss that FA were forced to clarify the position on their web-site.

So indeed I have been paying attention, but every now and then we all need a little light relief and a sense of humour :D
 
Guys, pls correct me if I'm wrong but as I understood you can "plan" a scheduled withdrawal from the FA esaver but not a SO... Correct?:confused:
 
Godfather, yes that is correct. You can only plan a scheduled transfer within the next month so you have to log in every month to do it. You cannot create 6 separate scheduled transfers (not SOs) spread over 6 months to get around the restriction on no SOs from the eSavings account.

In case any of what I said above caused confusion I also have access to create SOs (but not from the eSavings account) because I've got a normal demand account with them.
 
I went to set one of these accounts up online (Im not a FA customer) - Just a question about the initial deposit.... Can this not be done by bank transfer? (form says cash/cheque) I rang them and said it had to be a cheque made out to myself???? (I don't have a cheque book) - person on the phone didnt fill me with confidence and didnt help much.

Also can you put just enter 0 as the standing order amount (i.e I dont to regularly save to the account)
 
Darando said:
I went to set one of these accounts up online (Im not a FA customer) - Just a question about the initial deposit.... Can this not be done by bank transfer?
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Don't think so.
(form says cash/cheque) I rang them and said it had to be a cheque made out to myself???? (I don't have a cheque book)
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I made the cheque out to "FA eSavings for a/c of ClubMan". Maybe you can send a draft or just bring cash to a branch?
Also can you put just enter 0 as the standing order amount (i.e I dont to regularly save to the account)
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Yes.
 
Cheers Clubman,

so you can open these accounts in a branch? Thought maybe it could only be done online (maybe taking the "e-savings" part too far!!!!

If so then I might just pop into a branch- much easier.
 
ClubMan said:
I made the cheque out to "FA eSavings for a/c of ClubMan". Maybe you can send a draft or just bring cash to a branch?
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When i rang on wednesday I asked should I make the cheque out to 'First Active plc'. Was told thats correct. yet more conflicting advice from their customer service!
 
I was just about to start reading through this whole post for pointers before i opened an account but could anyone summarise?

From what iv read so far
1. 5.22% apr on up to 15,000
2. Can only create an account with a cheque (payable to whom?) if you dont have an account with FA
3. I can transfer money online to and from the account (once opened) from any account.

Am i missing out on anything? how easy have people found it to open an account? A summation would be nice, in the meantime i'll be reading through the thread!!
 
due to apthy on my own part and also the fact that the difference between €14,000 with this account and the fa ecb account works out at around €72 per annum after dirt, I didn't bother opening this account earlier. However yesterday I decided to open one of these accounts and to be fair it took less than 10 mins start to finish.( very nearly opened a monthly saving account at the same time which would have been a mistake as between the transfer of €14,000 and the monthly deductions to the other savings scheme I would have made more than 4 transactions in a quarter thus reducing the interest on the ecb savings by .80% for this quarter and .20% for the whole year as the number of transactions would have exceeded 12)
 
daves said:
1. 5.22% apr on up to 15,000
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Technically I think it's 5.22% on up to €14,999.99!
2. Can only create an account with a cheque (payable to whom?) if you dont have an account with FA
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See above.
3. I can transfer money online to and from the account (once opened) from any account.
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To - I think so but haven't done it yet. From - definitely.
Am i missing out on anything? how easy have people found it to open an account? A summation would be nice, in the meantime i'll be reading through the thread!!
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Bar the initial confusion about rates and processes which have now been cleared up it should be as easy as any other account to set up.
 
daves said:
3. I can transfer money online to and from the account (once opened) from any account.
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I can transfer online in both directions, to and from BOI!

Takes about 1-2 working days to travel for each direction.
 
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