ryanjw Posted December 29, 2005 Share Posted December 29, 2005 www.icicibank.co.uk I am on the verge of transferring 8k to their hisave savings account. I`ve heard a couple of bad things about them. Anything that I need to know as i`m a bit wary. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted December 29, 2005 Share Posted December 29, 2005 www.icicibank.co.uk I am on the verge of transferring 8k to their hisave savings account. I`ve heard a couple of bad things about them. Anything that I need to know as i`m a bit wary. Never heard of them but check if in the Financial Services Compensation Scheme - if yes and it does a BCCI then you'll be covered for 90% of your deposit. Quote Link to comment Share on other sites More sharing options...
Gbob Posted December 29, 2005 Share Posted December 29, 2005 They are an Indian bank that has recently started to brake into the UK market. I have heard of some poeple having problems with them but that was mainly at the beginning when they were swamped with people opening accounts and things took a while to happen. I've had money with them since August and have had no problems at all. They are part of the Financial Services Compensation Scheme I believe. Quote Link to comment Share on other sites More sharing options...
Pete95 Posted December 29, 2005 Share Posted December 29, 2005 I was looking at these recently as the 5.15% AER is tempting, but wont be touching them after reading a LOT of bad experiences, ie: - peoples transfer requests taking ages or never carried out - unable to log into account - takes ages to get the account setup - clueless customer support in India In the end I went for firstdirect who are offering 5% AER (and thats not an introductory rate). Quote Link to comment Share on other sites More sharing options...
Jason Posted December 29, 2005 Share Posted December 29, 2005 (edited) I'm with ICICI. The problem I had were: - Took a while to open the account - takes a while to transfer money (but it does with every bank account) - website is a bit slow These problems I will ignore, as you only open the account once. I don't mind delays transfering money, as it is my savings aaccount. Website may be slow, but I don't care much as I only check once a month to see what interest I had. They are backed by the Financial Services Compensation Scheme. Oh, and they sent me a 'festive greetings' card (which I received today), not a christmas card!!! Edited December 29, 2005 by Jason Quote Link to comment Share on other sites More sharing options...
Ian Worthington Posted January 4, 2006 Share Posted January 4, 2006 I'm with ICICI. The problem I had were: - Took a while to open the account - takes a while to transfer money (but it does with every bank account) - website is a bit slow These problems I will ignore, as you only open the account once. I don't mind delays transfering money, as it is my savings aaccount. Website may be slow, but I don't care much as I only check once a month to see what interest I had. They are backed by the Financial Services Compensation Scheme. Oh, and they sent me a 'festive greetings' card (which I received today), not a christmas card!!! They do say on their site that the very first transfer will take forever -- 10 days I think? -- then after that just 3 days. In fact my very first tx never happened but I think that was probably my fault -- one too few clicks on confirmation buttons. Seems ok now. Quote Link to comment Share on other sites More sharing options...
damconsult Posted January 5, 2006 Share Posted January 5, 2006 I opened an account with ICICI last July, it took a long time to setup (September). But once it was setup I had no problems with transferring money in and out of my account. Recently I start to move funds from ING to ICICI. Quote Link to comment Share on other sites More sharing options...
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