Newcastle Building Society Omdömen 345

A difficult company for fund transfers after maturity. I have a cash ISA which should have already been transferred at a higher rate of interest into another bank. Instead of completing the transfer to the other bank, Newcastle BS have transferred the funds into a very low interest savings account and are stalling that transfer by hiding behind supposed HMRC rules. The transfer is simply a straight cash ISA to cash ISA transfer. I have never had this with any other bank.
So investors, be wary of this bank. When you want your money transferred/ returned; they will force you to wait whilst they sit on your pot for free.
I wonder how many other Cash ISA transfers they are holding up. It will make them a fortune

Basically, can't wait for maturity of accounts to close them all. Both myself and my wife had had issues with a lack of clarity and a lack of knowledge of some staff over the phone. They often know what's wrong on applications to move to other isa providers but don't want to help, so that you give up and just transfer maturing accounts 'internally' within the society, which is not helpful or fair.
I will expand on the particular issues in more detail when concluded, for the benefit of people thinking of transferring to/from them to elsewhere.
Any requests by NBS to this review will be ignored until concluded.

my father passed away and i am dealing with his estate to help my elderly mam. we attended the branch in Hexham to close his ISA , Mam didnt wish to have 2 ISA's.
They had both just renewed their ISA's in March for £20,000. They showed no empathy and mam signed the form for £20,000 to go into her bank, this was also after getting a solicitor to verify this.
no one agent advised us that deductions would be taken off, they took off £260.57 without informing us.
My dad died, it wasnt as if he was requesting the money to make a purchase,
But my mam is entitled to the full 20k.
i emailed head office and Andrew Haigh the CEO but got no response.
Bereavement is hard enough but taken money from a deceased estate is not acceptable.

The staff were very friendly and knowledgeable, nothing was too much trouble. They took time to explain everything and it was all done with a smile. The branch was very clean and welcoming. A very good experience.😊

Exceptional customer service handled by your call handler
A pleasure to deal with a company that takes time and listens to it its customers without rushing.

The staff couldn’t be more helpful and went above and beyond to ensure I felt comfortable and confident with using my internet account - well done Newcastle Building Society- your customer service is excellent

I have been waiting on a withdrawal from my account since 27th April and the entire process has been a complete nightmare. Every single response takes multiple days, so what should be straightforward has been dragged out for weeks.

I’ve been made to jump through every possible hoop. Despite having a secure online account with an option to update personal details, any changes simply sit as “processing” before reverting back with no notification or explanation whatsoever. Be very wary of this.

I was then asked to send HARD COPIES of my ID, proof of address and bank statements through the post, only to be told they then needed additional time to “scan” the documents before sending out some sort of verification code. The whole system feels completely outdated and unnecessarily overcomplicated.

Communication has been terrible throughout and it genuinely feels like the process is designed to make withdrawing your own money as difficult and time-consuming as possible.

After 6-7 years as a customer, I’ve now requested that they withdraw all remaining funds and close my account entirely. Absolutely shocking experience. Avoid at all costs.

All staff helpful friendly and professional, lots of good advice
Gosforth branch.

The staff were very informative and helpful. Nothing was too much bother. A great experience.

Time and time again Newcastle mortgages have been supportive, understanding and going beyond duty.
Its been a difficult time but thanks to Joanne at support shes really helped and cannot thank her Mark and the rest of the team. I will not be going with any other company.

Simple instructions and process to complete my online request. Unlike some financial institutions who make a withdrawal as difficult as possible, this was straightforward and sent confirmation almost immediately.

I have been with NBS for about 4 years now and have been satisfied with my dealings both in house/ face to face and on line. I use the Whickham branch. The fact that this is the only building society/ bank in Whickham tells you everything. Competitive rates and good financial products. I would not hesitate to recommend them.

We regularly use Cramlington branch of Newcastle Building Society, always made to feel welcome, unlike banks these days who do their best to discourage visits to branch. Staff here are knowledgeable ,efficient & friendly. An asset to the business.

It was so easy to set up my ISA account and the interest rate is pretty good too, I may transfer over my other ISA’s to benefit from a slightly higher interest rate than other providers

I have worked with Newcastle Building Society for some time now, and they consistently provide excellent products, good service, and competitive rates compared to larger high street lenders. I would highly recommend them and encourage other advisors to consider using the

I was having to get a new deal as my 5 year fixed rate had come to an end unfortunately shortly after Trump caused war in the Middle East but Richard was able to help me work out the best available option for us with good humour, empathy and good clear information

Unrivaled service. Informative, helpful & understanding WELL DONE

Warm and friendly …. Always extremely helpful … always offer great advice … love on my doorstep ….easy access if required …

The service was very professional and efficient.Amy was well briefed on our requirements and asked questions to clarify our wishes and was quick to state the best course of take