Why would any banking organisation with a full banking license here in the UK who have gone to the trouble of designing a banking App, not bother to offer all of the usual banking products? I’m sure it will all come in time, otherwise, what’s the point of them launching?
Mind you, Chase can’t even be arsed to offer Joint accounts as yet and that is a bit of an inconvenience for me and the Wife. Couldn’t care less about no overdraft facilities because we don’t have any and I’m in the camp that all banks should withdraw overdraft facilities anyway, but then that would mean the end of free banking for the rest of us because undoubtedly it’s those in permanent overdraft that are keeping my everyday banking ‘free’.
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Well that was easy enough!
So I literally applied after my last post. Accepted, easy as that. Popped in a fair wedge with a transfer from a non Chase account as I could literally foresee Chase blocking the transfer. Transfer took place in seconds.
No notifications from LHV as yet but maybe they’ll come soon. Applied for a physical debit card, virtual debit card up and running.
Looking forward to earning some interest on the account.
Ordered Friday last week, turned up today. Nothing on the card except my name. No signature strip or CVV code.
Unlike Chase, at least my eyeballs won’t explode using the LHV app in the wee small hours 
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Funnily enough, if you put the card number in a BIN decoder, it comes up with the ‘International Bank of Azerbaijan’ - Gold Mastercard.
Do you mean the sort code or something else?
I just checked the sort code and that is solely attributed to LHV…
The first 6 numbers of your credit card or debit card (the BIN) are allocated to your bank, and decide, inter alia, what the default currency is. If you go to a cash machine in the EU in some countries with a UK card - even if it is denominated in Euros - you will be charged irrespective. Countries like Spain do this a lot. But if you have a card with an EU BIN (like Bankera (Lithuania) or Bunq (Netherlands) you are not supposed to be charged.
Ah, ok, I didn’t understand that. I literally never ever draw cash out of an ATM for example either in the UK or abroad.
I’ve just been into my card(s) details and amended the daily and monthly spending limits to something far more sensible.
LHV will expand their offering, they’re a super established Estonian bank and I imagine they just wanted to launch and get some deposits in. They know later they can run incentives to get market share, so getting some early adopters on now really doesn’t hurt them.
Ok, so at the moment it’s a super basic account but I really like the daily interest totalling feature in App. I haven’t seen any other fintech that gives a daily interest tally like LHV offer.
Trading 212 do. For every currency you hold!
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My card arrived today. I opted for the black card which I think looks very smart. I’ve not spent a penny from the account as yet.
I’ve not put a penny in it yet 
I’ve emptied all of my spare cash out of my Chase account and shoved it into LHV. After all, if Chase aren’t going to pay me any interest on my current account, there’s little point in keeping much in it.
HSBC and RBS were ‘super established’ banks but that didn’t stop them closing down their fintech operations when they didn’t catch fire.
We shall see.
Mine is in Santander at 7% (NLA) and Cahoot at 5% atm.
Chase is practically bare.
At least you can open an account.
I’m just told:
After reviewing your application, we’re unable to proceed with opening your account. As part of our responsible banking approach, we assess all applications against our internal policies, which consider a range of factors, including regulatory requirements, compliance obligations, and risk management. Unfortunately, your application does not meet our current criteria.
I had this with Metro Bank - no reason given.
I noticed that someone on the Monzo forum asked why it takes up to 5 days to carry out KYC checks. Clearly they appear to be doing so diligently. Banks don’t just reject applicants for absolutely no reason.
I was rejected for a TSB credit card a while back when others literally threw cards at me with better terms. They clearly didn’t like something lurking in the background about me and that’s despite me having a TSB mortgage.
It’s like any rejection, suck it up and move on. There’s enough banking customers out there now shoving a middle finger up to their bank, though of course they can simply get their own back by never letting you return. So on that basis, Starling can go somewhere where the sun don’t shine.
It just means they’re doing this process manually/offline rather than using an automated service.
It’s wrong to conclude that taking longer means they are being more diligent. If anything, the automated checks are more robust since they reduce the chance of human error.
More likely you just didn’t fit the profile of customer they seek to expose themselves to than anything “lurking in the background”. Not all credit card customers are profitable, and it isn’t just the ones who never pay back what they owe.
It might also be that your mortgage meant that you exceeded the overall amount of credit the bank were able to extend to you. My expectation is that mortgages sit outside these calculations normally but I don’t write the rules, I can’t see why it wouldn’t be possible.