LHV Bank

It’s a massive shame LHV aren’t part of CASS. Sadly, even if they were, it’s unlikely I could set up a working DD with them anyway. I’d love to take advantage of the Santander switch offer currently at £200 for those who’ve not had one with Santander before.

I have though just had a mega thought! I have a spare Chase current account. Bit of a faff, but I think I’ll set up a couple of DD’s on that spare and go for it :+1:

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Pleased to report that this month’s energy DD went out today without a hitch.

This account will replace my Chase Savings one nicely now. Just let it run :smiley:

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Just a warning if you leave LHV bank, you can never return.

Personal experience ?

I don’t see LHV lasting long, unless they move in on markets that Monzo and Revolut are already crowding into.

Yes

I thought LHV were doing some business banking as their main operations in the UK, so it may keep them going.

To be fair, I dumped Starling almost 3 years ago and I’m genuinely not bothered about never being allowed to return, I’ve literally missed nothing they could have offered me that other banks don’t already give me. The same for LHV, they’re ok to have as a spare account but they’ll never be a Nationwide or RBS (Holts) both of which I wouldn’t let go of now.

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It’s kind of like a threat in my eyes, and I don’t like it. I mean fair enough if that is their policy, but unless it’s a system limiting reason, I think it’s just a bit childish. It’s the same with Chase, I opened an account when they first rocked up, and it had no features. No DD, no standing orders, no overdraft. So I left and thought I would come back when it worked properly, but they said no when I tried to return. It the world of regular bank switching, it’s not going to make them popular. I’d also argue it probably hinders the purpose of the reason the switch regulations were set up for, one hopes with the UK review of “de-banking” they also include prohibiting customs black lists.

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I wouldn’t overthink it. The bank doesn’t care whether you stay or leave, there will always be new customers signing up. They’ve clearly chosen to adopt a system that doesn’t and won’t allow ex customers to return and that’s their right. That’s why I choose to forget about Starling for example, they’re clearly not bothered and neither am I :joy:

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