I
irishpancake
Guest
Hi
As a Halifax customer,I am shopping around to find an alternative similar Current Account product.
I have looked at AIB, BoI and PTSB, and their switching T's & C's.
Initially, I was thinking AIB High Interest Current Account, but just 1% on up to €1000??? and qualification T's & C's to get "free banking".
Then, I looked at, and disregarded BoI, who pay 0.75% for your money, but T's & C,s make it harder to qualify for "free banking".
This left PTSB, who pay 2% on their Switcher Account, up to €1500, with no fees and no particular qualification T's & C's. You must lodge €1500 per month.
But I am dismayed to find out that to open this [broken link removed], one must provide the following:
Now, no other Bank I have checked demands this certification of Documents.
OK, you are asked to provide the originals for ID and Address verification, but when you present them in person, there is no demand for certicication.
Here are the relevant sections from the [broken link removed] and [broken link removed] web-sites:
Can anyone verify if indeed PTSB do ask for certified ID and Address verification documents from face-to-face customers
As a Halifax customer,I am shopping around to find an alternative similar Current Account product.
I have looked at AIB, BoI and PTSB, and their switching T's & C's.
Initially, I was thinking AIB High Interest Current Account, but just 1% on up to €1000??? and qualification T's & C's to get "free banking".
Then, I looked at, and disregarded BoI, who pay 0.75% for your money, but T's & C,s make it harder to qualify for "free banking".
This left PTSB, who pay 2% on their Switcher Account, up to €1500, with no fees and no particular qualification T's & C's. You must lodge €1500 per month.
But I am dismayed to find out that to open this [broken link removed], one must provide the following:
Required documents: Current Account
These are the documents we need from you if you’re applying for a current account at permanent tsb.
Money laundering regulations
We have to comply with the Criminal Justice Act 1994 (anti money laundering measures), so we require the following forms of identification from you:
Certified copy of passport or drivers license
Certified copies of 2 recent utility bills to verify address
If you are already a permanent tsb customer, chances are you won't need to provide these documents.
Now, no other Bank I have checked demands this certification of Documents.
OK, you are asked to provide the originals for ID and Address verification, but when you present them in person, there is no demand for certicication.
Here are the relevant sections from the [broken link removed] and [broken link removed] web-sites:
AIB conditions:
Make sure that you call into your local AIB branch with both:
- A valid form of identification
- Valid proof of your residential address (Required by the Criminal Justice Act 1994)
BOI conditions:
How do I open an account with Bank of Ireland?
Under Money Laundering Legislation, all financial institutions are now obliged to obtain identification for all new account applicants.
You will need the following documents to open a bank account
A current valid passport or driving licence and
A recent household bill such as a telephone, electricity, gas or a current original Financial Institution statement.
In addition to this you will need to fill out the Personal Account Application Form in one of our branches.
Can anyone verify if indeed PTSB do ask for certified ID and Address verification documents from face-to-face customers