Bank of Scotland Platinum account.
- Thread starter Fisherman
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. This account covers your phone too.
TeamRienza
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I appreciate what you are saying and sympathise with you, but relying on an EHIC or death is a bit of a cop out.
We have a relative who was in good health and played golf every day in life. Whilst on a golf course in Portugal she suffered a stroke. Weeks in hospital at great expense, relatives having to fly out in relays with hotel expenses to support the patient, and then finally the cost of an air ambulance back to the U.K.
Fortunately they were insured, so this was all covered, but as Dirty Harry said “do you feel lucky”
And they didn’t have a Motorhome to arrange repatriation for.
I realise what you said may be tongue in cheek, but dodging the insurance costs is still probably outweighed by the cost of people having to fly back and forth to arrange your disposal.
Perhaps set up your ‘just giving’ page now so we can all be judgmental. (Tongue in cheek).
Davy
Ps, the stroke is simply an example that we have personal experience of. For stroke substitute hit by bus with life changing injuries, broken neck crashing bike, or any number of alternatives.
TJBi
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And quite apart from all the potential costs that are not covered by an EHIC, there is also the matter of France at least requiring non-EU visitors to have medical cover. Not yet been asked to prove it, but there's always a first time...
TeamRienza
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As we have aged we have accumulated (and continue to add) various declarable and price altering conditions so have been down that road of being robbed with the prospect of wriggling by the insurer.
A few years back on a forum (possibly facts) I read of the National Federation of Occupational Pensioners or NFOP.
As part of membership £37 approx for a couple you can apply for their travel insurance scheme.
Look at the levels of cover. Annual, worldwide, unlimited trips, etc. It has various benefits in that if accepted, everyone pays the same amount, £310 for one person or £390 for a couple.
Aside from having exceptional cover on the policy, no medical is required and all previous conditions are accepted without need for declaration with the exception of anyone with a listed breathing problem. Once accepted (under 74) you will not be refused on renewal with no upper age limit and paying only the group premium. The only minor inconvenience which can be allowed for in your planning, is, that the start date of the policy is April, so if you join at any time after that, you still pay the full premium with a fixed renewal date of April.
Technically you have to be part of an occupational pension, but on looking at their website today, I see no mention of having to be a pensioner from civil service, local authority, local government, banking or industry with a pension scheme, so it might be worth checking as I suspect it might be more widely available now.
When I first looked at it some 10 or so years back it was more expensive than commercial policies, but there comes a point when age and medical issues make it a winner. We took out membership around five years or so ago.
Not had to test it out, but isn’t that one of the features of having insurance, peace of mind and good fortune.
Davy
A few years back on a forum (possibly facts) I read of the National Federation of Occupational Pensioners or NFOP.
As part of membership £37 approx for a couple you can apply for their travel insurance scheme.
Look at the levels of cover. Annual, worldwide, unlimited trips, etc. It has various benefits in that if accepted, everyone pays the same amount, £310 for one person or £390 for a couple.
Aside from having exceptional cover on the policy, no medical is required and all previous conditions are accepted without need for declaration with the exception of anyone with a listed breathing problem. Once accepted (under 74) you will not be refused on renewal with no upper age limit and paying only the group premium. The only minor inconvenience which can be allowed for in your planning, is, that the start date of the policy is April, so if you join at any time after that, you still pay the full premium with a fixed renewal date of April.
Technically you have to be part of an occupational pension, but on looking at their website today, I see no mention of having to be a pensioner from civil service, local authority, local government, banking or industry with a pension scheme, so it might be worth checking as I suspect it might be more widely available now.
When I first looked at it some 10 or so years back it was more expensive than commercial policies, but there comes a point when age and medical issues make it a winner. We took out membership around five years or so ago.
Not had to test it out, but isn’t that one of the features of having insurance, peace of mind and good fortune.
Davy
maingate
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Nobody seems to have stated what a 'Platinum' account means in terms of conditions. I assume that a minimum amount of money must be paid in every month (wages, pension, etc). Possibly a number of Direct Debits must go through the account. These are the sort of terms and conditions I would look at first ...... and that is why I would probably not want it. I do not keep much money in a Bank as their interest rates are pure robbery (at least Dick Turpin wore a mask).
If I have to buy some of the free items in this account then I would rather do that. The money would simply come out of the money I have made on investments over the years when the Banks paid zero interest and customers got poorer due to inflation. What I like about the Banks is for them to pay my DD and standing orders on my behalf, it makes my life easy.
If I have to buy some of the free items in this account then I would rather do that. The money would simply come out of the money I have made on investments over the years when the Banks paid zero interest and customers got poorer due to inflation. What I like about the Banks is for them to pay my DD and standing orders on my behalf, it makes my life easy.
Fisherman
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In op I posted a link to the account.Nobody seems to have stated what a 'Platinum' account means in terms of conditions. I assume that a minimum amount of money must be paid in every month (wages, pension, etc). Possibly a number of Direct Debits must go through the account. These are the sort of terms and conditions I would look at first ...... and that is why I would probably not want it. I do not keep much money in a Bank as their interest rates are pure robbery (at least Dick Turpin wore a mask).
If I have to buy some of the free items in this account then I would rather do that. The money would simply come out of the money I have made on investments over the years when the Banks paid zero interest and customers got poorer due to inflation. What I like about the Banks is for them to pay my DD and standing orders on my behalf, it makes my life easy.
If you want more information simply google Bank of Scotland platinum account and all the information you could possibly want is there.
As I already banked with BOS I simply changed my account type.
But as far as I am aware there are no requirements for for amounts of direct debits or min balance.
But here are all of the conditions offered, for £21 pm
BOS - Internet Banking - Unavailable
www.bankofscotland.co.uk
maingate
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There are a number of conditions for this account which I do not like. Downloading the phone app is minor to many but I would never Bank using my phone
If you have 75K you can open the Platinuum account and are required to pay at least 4K+ into the account within the first month.
www.bankofscotland.co.uk
ps: They do badly in Trustpilot reviews.
If you have 75K you can open the Platinuum account and are required to pay at least 4K+ into the account within the first month.
BOS - Internet Banking - Unavailable
www.bankofscotland.co.uk
ps: They do badly in Trustpilot reviews.
Fisherman
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Yes if you want to earn a £5 reduction in the cost of the account.There are a number of conditions for this account which I do not like. Downloading the phone app is minor to many but I would never Bank using my phone
If you have 75K you can open the Platinuum account and are required to pay at least 4K+ into the account within the first month.
BOS - Internet Banking - Unavailable
I don’t bank £4000 a month.
There is no such requirement to open a platinum account, I have one, I don’t bank £4000 a month, and I don’t have £75,000 elsewhere with them.
You do get minimal interest with the free vantage upgrade.
I don't use the BOS app, I use the Halifax app.
I have not downloaded their app, and there is NO requirement to do so.
The link you posted is for ADDITIONAL conditions if you want to earn a £5 reduction in the cost of the account.
With regards to Trust pilot have you actually read the comments. From what I can see they don’t refer to the Platinum account, but the bank in general. And quite frankly some of them seem deranged. I have been with the BOS for almost 50 years, and I have found them to be excellent, but I have never bothered posting on Trust Pilot, but if I did I would give them 4.5 from 5. Also if you care to read the many reviews of the platinum account from professional bodies, so long as you have a need for what’s offered, the platinum account is highly rated,
Sorry, but I think before you offer advice you should first check your facts.
Some who may have benefited from this account may be put of from opening one due to your inaccurate comments.
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maingate
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Maybe my memory is longer than yours. 4.5 out of 5 is not where I would rate them.
RBS bailout 'unlikely to be recouped'
Chairman Sir Howard Davies says the bank was rescued to save the financial system, not as an investment.
www.bbc.co.uk
Fisherman
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No mention of your other inaccurate comments then.Maybe my memory is longer than yours. 4.5 out of 5 is not where I would rate them.
RBS bailout 'unlikely to be recouped'
Chairman Sir Howard Davies says the bank was rescued to save the financial system, not as an investment.www.bbc.co.uk
As for your opinion of my bank, you are entitled to them.
And if you want to scour the internet for adverse comments thats fair enough.
I could quite easily post counter links, but what’s the point.
Just for the record, you don’t need to have investments of at least £75,000 as you posted.
You don’t need to bank £4000 a month as you posted.
And you don’t need to download any app as you posted.
The banking crisis of 2008 was created mainly in the US and affected many other banks worldwide resulting in a global financial crisis. But what that has to do with opening a platinum account, eludes me.
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maingate
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Was the Global financial crisis responsible for the Banks mis-selling products and having to pay vast amounts of compensation back to customers? I find very little good to say about any of the Banks. The older Banks are losing business to the newer online only Banks and are trying to woo cstomers with offers. This does not mean the Leopard has changed its spots.
Fisherman
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Still no apology for your misinformation on here.
Perhaps you could start another thread on what happened in 2008, and or mis-selling of products by the banks.
This thread is all about a platinum account, or similar accounts with other banks.
As for leopards changing their spots, I could not agree more.
Now can we please get back on topic.