Online banking with a UK bank from overseas
Posted 19 May 2011 - 11:15 AM
Can I transfer money from my UK bank to my bank account offshore without a card reader? What do I need the card reader for?
Posted 19 May 2011 - 11:51 AM
I've a card reader for my Nationwide account but not with my Lloyds account. With Nationwide if I'm doing anything outside accounts in my name with Nationwide I need to use the card reader to generate the authorisation codes.
Posted 19 May 2011 - 11:55 AM
Posted 19 May 2011 - 12:51 PM
When you are banking online, you may be asked to use your bank card and Card-Reader when you:
- make a payment for the first time online via a payment instruction that you set up separately from online banking
set up or change a single or regular payment instruction
create or amend a standing order
change your PIN or password that you use to log in to online banking
So if you can make offshore transactions, which I'm sure you can, you will need to use the reader to set up the first instance.
There seem to be 3 systems in use, either singularly or in combination, with just about all online banking these days.
Card reader - that makes use of the chip on existing debit cards
Number generator - small device that generates a 6 digit code
SMS password - a one time password sent to your mobile phone
I doubt there are any accounts in the UK that don't make use of one or the other.
Posted 19 May 2011 - 02:43 PM
Huh. They told me they'd send me a debit card - which would be useful if I could use it in an ATM - but on their web page it says:
"If you don’t have a debit card, we’ll send you an online banking card to use in your Card-Reader.
Posted 19 May 2011 - 11:09 PM
Posted 29 May 2011 - 02:13 PM
Posted 07 July 2011 - 03:54 AM
I don't know whether to laugh or cry at the "investigation" regarding the disappearance of my debt card while in the hands on Thailand Post. Their own tracking system shows it was put in a container at Laksi and wasn't in the container when it arrived a few miles away at Rong Muang in Pathumwan. But today they sent the postman to ask me what had happened and what I had and hadn't received. I told him the package I received yesterday was the replacement card but I definitely never received the original. Seems like they suspect I got the card but doubt their own tracking system records.
Posted 07 July 2011 - 04:13 PM
Posted 07 July 2011 - 06:17 PM
Posted 11 July 2011 - 12:55 PM
Posted 11 July 2011 - 02:45 PM
Edited by Stocky, 11 July 2011 - 02:46 PM.
Posted 11 July 2011 - 04:28 PM
Posted 13 July 2011 - 11:03 AM
Posted 19 July 2011 - 09:14 AM
The conclusion is "item lost while give document to post officer sending to destination" and "customer did not ask for compensation or punishment [BS!!]." Case closed. What a farce!
Posted 16 January 2013 - 04:17 AM
Posted 21 January 2013 - 06:17 AM
I prefer HBOS or Lloyds. (Basically the same internet banking nowadays... but for some reason HBOS has cheaper international transfers - and no issue forcing the payment to be in GBP). There's an automated call to your pre-registered phone number and you enter the number into the phone that's on your computer screen when setting up a new payment, rather than having to have one of those number generators or a card reader device.)
I also quite like HSBC (in HK), although by default, you have to set up the accounts you transfer money to in-branch prior to being able to send the money via the internet banking..
Note: I have a vonage number that I gave the bank for the automated calls, so it's a UK number. I don't know if they like non-UK telephone numbers...
Edited by bkk_mike, 21 January 2013 - 06:18 AM.
Posted 27 August 2013 - 07:24 AM
This is no longer the case. You can now specify many different currencies to transfer.
Edited by kamikaze, 27 August 2013 - 07:25 AM.
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