West Bromwich Building Society

Newest Review: ... a week) and this compares favourably to other postal accounts that I have held. I was quite surprised that identification verification was completed electronically (through the use of identifying numbers such as passport/driving licence numbers) and no further checks were required. I was happy with this as I am less than comfortable with enclosing original documents in an application (for fear of them going missing with the Royal Mail) and resent having to pay another bank or a solicitor to make a certified copy of the documents (oh how I miss being at work and having a colleague do it for me!). The account opening pack that you get in re... more

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West Bromwich Building Society: West Brom - Don't they purport to play football? (1068 words)
by - written on 19/03/08 (Very useful, 329 readings)
Rating:

Apparently, the West Bromwich Building Society is the 9th largest building society in England (according to their website) and they were formed over 150 years ago. I guess that demutualisation by other building societies has lead, in part, to this rise up the building society league tables. Branches of the building society are mainly found in the West Midlands but, with the advent on telephone, postal and internet banking it is now no longer an issue for investors that the nearest branch is some 200 miles away as there is no need to ever go to a branch. West Brom came onto my radar screen a few years ago as an institution offering some good rates on ... Read the complete review

It's your money, and they know it (169 words)
by - written on 16/08/00 (Somewhat useful, 365 readings)
Rating:

The West Brom is an unapologetic mutual buidling society of the traditional sort. So, since the society is basically a syndicate of equals, you get a say in how it is run, and obviously, that is good for yourself. It's not about making profits for shareholders, since there aren't any; all the profit they make is used to cancel out that profit - in other words to give it back to its members though higher savings rates and cheaper loans and mortages. Barcalys makes a huge profit, but customers see none of it; whereas every year the West Brom 'gives back' hundreds of millions to its members through better deals. The rates are excellent, the service is good ... Read the complete review

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