?? YOU TRUST BUCKS WITH YOUR SAVINGS ??
I had had modest savings with Bucks Building Society since the 1990's, but then they took away my savings from me, only telling me when I phoned that the account had been closed. After a lot of worry that I had been scammed, it turned out that Bucks themselves had closed my account and taken my savings! The FOS tell me there were a number of similar closures around this time.
Well, I got my savings back ..... eventually ..... but then they reckoned I was only due £1.35 in interest. When I queried this, it turned out the correct figure was over £40!
SO IF YOU WANT A SOCIETY THAT TAKES YOUR MONEY AWAY FROM YOU WITHOUT YOUR CONSENT, AND THEN TRIES TO GET AWAY WITH PAYING YOU A FRACTION OF THE INTEREST YOU ARE DUE, GO TO THE BUCKS!
I corresponded directly with the Chief Executive, Board of Directors, and Head of Operations after the problem became apparent. They took months dealing with things, and, when I further complained about their service, they took weeks looking into this and then the person who had dealt with the original case (Yes, the person I was complaining about!) reviewed the case and advised their service was perfect!
........ (REALLY??? ......A RESPECTED FINANCIAL INSTITUTION THAT CALCULATES INTEREST AT £1.35 RATHER THAN OVER £40 .....PERFECT ??????).
If I had not queried things, I would have been left with just £1.35 interest. And if I hadn't complained after discovering my money had been taken, I'D HAVE HAD NO SAVINGS, AND NO INTEREST!
February 17, 2022
Unprompted review