Lenders wanting utility bills (Know Your Customer)

Hi,

I've recently run into a small problem, where a mortgage lender wants a
recent utility bill to satisfy their KYC requirements. Unfortunately,
all my utilities bill me electronically. Has anyone else run into this,
and is there a common way round it?

Cheers
- Ian

--
Ian Chard, Unix & Network Administrator | E:
Systems and Electronic Resources Service | T: 80587 / (01865) 280587
Oxford University Library Services | F: (01865) 242287

Re: Lenders wanting utility bills (Know Your Customer)

Ian Chard wrote:

> I've recently run into a small problem, where a mortgage lender wants a
> recent utility bill to satisfy their KYC requirements. Unfortunately,
> all my utilities bill me electronically. Has anyone else run into this,
> and is there a common way round it?

Logon to your on-line utility account and print some of the pages - see
if that satisfies them.

Re: Lenders wanting utility bills (Know Your Customer)

"Colin Forrester" <> wrote in message
news:
> Ian Chard wrote:
>
> > I've recently run into a small problem, where a mortgage lender wants a
> > recent utility bill to satisfy their KYC requirements. Unfortunately,
> > all my utilities bill me electronically. Has anyone else run into this,
> > and is there a common way round it?
>
> Logon to your on-line utility account and print some of the pages - see
> if that satisfies them.

Hopefully they will refuse, as such things are simple to change.

Hopefully they will suggest you call your utility company and ask them for a
hard copy bill.

Re: Lenders wanting utility bills (Know Your Customer)

Miss L. Toe wrote:

> "Colin Forrester" <> wrote in message
> news:
>> Ian Chard wrote:
>>
>> > I've recently run into a small problem, where a mortgage lender wants a
>> > recent utility bill to satisfy their KYC requirements. Unfortunately,
>> > all my utilities bill me electronically. Has anyone else run into
>> > this, and is there a common way round it?
>>
>> Logon to your on-line utility account and print some of the pages - see
>> if that satisfies them.
>
> Hopefully they will refuse, as such things are simple to change.

What's the problem? If they don't believe the self-printed bill,
they can always contact the relevant utility and ask them to
confirm that they have a customer with this name at that address
and reference number blah.

After all, even "normal" utility bills can't be that difficult
to forge.

Re: Lenders wanting utility bills (Know Your Customer)

"Ronald Raygun" <> wrote in message
news:jc28g.66742$
> Miss L. Toe wrote:
>
> > "Colin Forrester" <> wrote in message
> > news:
> >> Ian Chard wrote:
> >>
> >> > I've recently run into a small problem, where a mortgage lender wants
a
> >> > recent utility bill to satisfy their KYC requirements.
Unfortunately,
> >> > all my utilities bill me electronically. Has anyone else run into
> >> > this, and is there a common way round it?
> >>
> >> Logon to your on-line utility account and print some of the pages - see
> >> if that satisfies them.
> >
> > Hopefully they will refuse, as such things are simple to change.
>
> What's the problem? If they don't believe the self-printed bill,
> they can always contact the relevant utility and ask them to
> confirm that they have a customer with this name at that address
> and reference number blah.
>
> After all, even "normal" utility bills can't be that difficult
> to forge.
>

But, if they were going to contact the utility company, they only need to
ask which utility company you use, and get you to sign a form authorising
release of the information - Which is probably what they ought to do anyway
:-)

Re: Lenders wanting utility bills (Know Your Customer)

Miss L. Toe wrote:

>>> I've recently run into a small problem, where a mortgage lender wants a
>>> recent utility bill to satisfy their KYC requirements. Unfortunately,
>>> all my utilities bill me electronically. Has anyone else run into this,
>>> and is there a common way round it?
>> Logon to your on-line utility account and print some of the pages - see
>> if that satisfies them.
>
> Hopefully they will refuse, as such things are simple to change.

Perhaps - but the KYC processes in the UK are so poor anything is possible.

> Hopefully they will suggest you call your utility company and ask them for a
> hard copy bill.

Easy to forge a hard copy - after all we have people copying/forging
their travelcards - a utility bill is a walk in the park to a criminal.
Only the honest suffer.

Re: Lenders wanting utility bills (Know Your Customer)

"Colin Forrester" <> wrote in message
news:
>
>> Hopefully they will suggest you call your utility company and ask them
>> for a
>> hard copy bill.
>
> Easy to forge a hard copy - after all we have people copying/forging their
> travelcards - a utility bill is a walk in the park to a criminal. Only the
> honest suffer.
>

never a truer word spoken :-(

--
Tumbleweed

email replies not necessary but to contact use;
tumbleweednews at hotmail dot com

Re: Lenders wanting utility bills (Know Your Customer)

In message <e3q6gi$j1f$>, Ian Chard
<> writes
>Hi,
>
>I've recently run into a small problem, where a mortgage lender wants a
>recent utility bill to satisfy their KYC requirements. Unfortunately,
>all my utilities bill me electronically. Has anyone else run into this,
>and is there a common way round it?

Even the local council? The Water Authority? what about bank statements?
Credit card statements? Letters form Inland Revenue?
--
John Boyle

Re: Lenders wanting utility bills (Know Your Customer)

At 21:37:21 on 11/05/2006, john boyle delighted uk.finance by announcing:

> In message <e3q6gi$j1f$>
> writes
> > Hi,
> >
> > I've recently run into a small problem, where a mortgage lender wants a
> > recent utility bill to satisfy their KYC requirements. Unfortunately,
> > all my utilities bill me electronically. Has anyone else run into this,
> > and is there a common way round it?
>
> Even the local council?

Annual.

> The Water Authority?

Every 6 months

> what about bank statements?

Online

> Credit card statements?

Online

> Letters form Inland Revenue?

Annual


The solution is to pay the £5 or so for a duplicate paper statement.

Re: Lenders wanting utility bills (Know Your Customer)

Alex wrote:

>> Letters form Inland Revenue?
>
> Annual
>
>
> The solution is to pay the £5 or so for a duplicate paper statement.

If a letter from HMRC is acceptable then ask them to send a notice of
coding - that will be free and should arrive within 7-days.

Re: Lenders wanting utility bills (Know Your Customer)

In message <>, Alex
<> writes
>At 21:37:21 on 11/05/2006, john boyle delighted uk.finance by announcing:
>
>> In message <e3q6gi$j1f$>
>> writes
>> > Hi,
>> >
>> > I've recently run into a small problem, where a mortgage lender wants a
>> > recent utility bill to satisfy their KYC requirements. Unfortunately,
>> > all my utilities bill me electronically. Has anyone else run into this,
>> > and is there a common way round it?
>>
>> Even the local council?
>
>Annual.

Yes, but still acceptable so long as it is the current year.
>
>> The Water Authority?
>
>Every 6 months

Ditto.

--
John Boyle

Re: Lenders wanting utility bills (Know Your Customer)

At 20:01:32 on 12/05/2006, john boyle delighted uk.finance by announcing:

> In message <>
> writes
> > At 21:37:21 on 11/05/2006, john boyle delighted uk.finance by announcing:
> >
> > > In message <e3q6gi$j1f$>, Ian Chard
> > > <> writes
> >>> Hi,
> > > >
> >>> I've recently run into a small problem, where a mortgage lender wants a
> >>> recent utility bill to satisfy their KYC requirements. Unfortunately,
> >>> all my utilities bill me electronically. Has anyone else run into this,
> >>> and is there a common way round it?
> > >
> > > Even the local council?
> >
> > Annual.
>
> Yes, but still acceptable so long as it is the current year.
> >
> > > The Water Authority?
> >
> > Every 6 months
>
> Ditto.

Assuming you didn't shred them last month though...

Re: Lenders wanting utility bills (Know Your Customer)

Try opening a joint bank account in Ireland!

Passports, driving licences, utility bills (who has them in both
names), UK Joint Bank account statements.

All OK, but:

"How do I know that the Mr X Y ZZZ & Mrs A B ZZZ on the utlility bills
and UK Bank Account, are the same as the full names on passports and
driving licences".

It's about our habit of using initials.

"Please get your UK Bank to change the name of your joint account to
your full names then we'll think about it".

The issue is that in the UK we tend to use initials for the forenames
and in Ireland they don't.

I was very angry and then I thought!

*********

Since I haven't opened a new account in UK for ages, I didn't realise
that the UK may not be much different.

It's all about money laundering. and we're all for stuffing the bad
guys, but..

Does anyone suppose that the bad guys can't open accounts at will!

So: Why don't the banks in the EU allow any fool to open an account
and then set their computers to trap iffy stuff!

Naffer

Re: Lenders wanting utility bills (Know Your Customer)

naffer wrote:

> Does anyone suppose that the bad guys can't open accounts at will!
>
> So: Why don't the banks in the EU allow any fool to open an account
> and then set their computers to trap iffy stuff!

Very much like it used to be but without the legal requirement for banks
to disclose such behavior. Banks just want to limit their responsibility
- the bad guys still launder their money with them - but the banks can
say they did all they could.

Perhaps we should have a new law whereby I have to check a persons ID
before holding the door open for them - just in case that person is a
criminal and I have helped them.

Re: Lenders wanting utility bills (Know Your Customer)

"Colin Forrester" <> wrote in message
news:
> naffer wrote:
>
>> Does anyone suppose that the bad guys can't open accounts at will!
>>
>> So: Why don't the banks in the EU allow any fool to open an account
>> and then set their computers to trap iffy stuff!
>
> Very much like it used to be but without the legal requirement for banks
> to disclose such behavior. Banks just want to limit their responsibility -
> the bad guys still launder their money with them - but the banks can say
> they did all they could.

Unfortunately you are shooting the wrong person.

You are right that the banks ask for too much info.
But they don't like it either. They are doing it because
they have been told that they have to, on the pain of
a large fine which in one case reached seven figures.

If you were at risk of a million pound fine for not
doing whatever, I think you'd start doing it pretty quick.


> Perhaps we should have a new law whereby I have to check a persons ID
> before holding the door open for them - just in case that person is a
> criminal and I have helped them.

You didn't know that such a law exists? You better
stop opening doors for people.

tim

Re: Lenders wanting utility bills (Know Your Customer)

naffer <> wrote:
> Since I haven't opened a new account in UK for ages, I didn't realise
> that the UK may not be much different.

> It's all about money laundering. and we're all for stuffing the bad
> guys, but..

> Does anyone suppose that the bad guys can't open accounts at will!

> So: Why don't the banks in the EU allow any fool to open an account
> and then set their computers to trap iffy stuff!

Not all countries in the EU impose the same difficulties in opening an
account as the UK does.

Axel

Re: Lenders wanting utility bills (Know Your Customer)

>You are right that the banks ask for too much info.
>But they don't like it either. They are doing it because
>they have been told that they have to, on the pain of
>a large fine which in one case reached seven figures

When these regs first came in there was an element of banks
been over-zealous, probably to make people complain.

The ironic thing is that just at the point when people got used
to this system...it was recently proposed to dilute the identity check
requirements.

The amazing thing is how difficult it can be to *pay* a utility Co.
without id checks. Soon you'll need to provide a DNA sample
to pay the gas bill, electric bill, join Blockbuster video etc..

Re: Lenders wanting utility bills (Know Your Customer)

> The amazing thing is how difficult it can be to *pay* a utility Co.
> without id checks. Soon you'll need to provide a DNA sample
> to pay the gas bill, electric bill, join Blockbuster video etc..

Go on then, tell us the story. I've never had any questions asked - but I
wouldn't be surprised by anything.

Re: Lenders wanting utility bills (Know Your Customer)

wrote:

> The amazing thing is how difficult it can be to *pay* a utility Co.
> without id checks. Soon you'll need to provide a DNA sample
> to pay the gas bill, electric bill, join Blockbuster video etc..


Fucking troll.

Inviato da X-Privat.Org - Registrazione gratuita

Re: Lenders wanting utility bills (Know Your Customer)

wrote:
> naffer <> wrote:
>> Since I haven't opened a new account in UK for ages, I didn't realise
>> that the UK may not be much different.
>
>> It's all about money laundering. and we're all for stuffing the bad
>> guys, but..
>
>> Does anyone suppose that the bad guys can't open accounts at will!
>
>> So: Why don't the banks in the EU allow any fool to open an account
>> and then set their computers to trap iffy stuff!
>
> Not all countries in the EU impose the same difficulties in opening an
> account as the UK does.
>
> Axel

Christ! France does and more!

Inviato da X-Privat.Org - Registrazione gratuita

Re: Lenders wanting utility bills (Know Your Customer)

<> wrote
> The amazing thing is how difficult it can be to *pay* a utility Co.
> without id checks. Soon you'll need to provide a DNA sample
> to pay the gas bill, electric bill, join Blockbuster video etc..

That could be fun in court...

Utility Co.: "Your honour, we claim £X overdue utility bill from Mr.X..."
Judge: "Mr.X, why have you not paid this bill?"
Mr. X: "Your honour, I tried to pay but they would not let me pay them...!"

Re: Lenders wanting utility bills (Know Your Customer)

Tim wrote:
> <> wrote
>> The amazing thing is how difficult it can be to *pay* a utility Co.
>> without id checks. Soon you'll need to provide a DNA sample
>> to pay the gas bill, electric bill, join Blockbuster video etc..
>
> That could be fun in court...
>
> Utility Co.: "Your honour, we claim £X overdue utility bill from
> Mr.X..." Judge: "Mr.X, why have you not paid this bill?"
> Mr. X: "Your honour, I tried to pay but they would not let me pay
> them...!"

Dear Mr X, we have decided to take you to court for not paying your bill.
Please prove your ID so that we can issue proceedings against you. ;-)

Re: Lenders wanting utility bills (Know Your Customer)

On 12 May 2006 19:35:59 GMT, "Alex" <> wrote:

>At 20:01:32 on 12/05/2006, john boyle delighted uk.finance by announcing:
>
>> In message <>
>> writes
>> > At 21:37:21 on 11/05/2006, john boyle delighted uk.finance by announcing:
>> >
>> > > In message <e3q6gi$j1f$>, Ian Chard
>> > > <> writes
>> >>> Hi,
>> > > >
>> >>> I've recently run into a small problem, where a mortgage lender wants a
>> >>> recent utility bill to satisfy their KYC requirements. Unfortunately,
>> >>> all my utilities bill me electronically. Has anyone else run into this,
>> >>> and is there a common way round it?
>> > >
>> > > Even the local council?
>> >
>> > Annual.
>>
>> Yes, but still acceptable so long as it is the current year.
>> >
>> > > The Water Authority?
>> >
>> > Every 6 months
>>
>> Ditto.
>
>Assuming you didn't shred them last month though...

Why shred a document if it could be needed?

--
Peter Saxton from London