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20-07-2016, 02:28 AM
#7911
Probably contravening some law
Originally Posted by Snoopy
...On another note I was out at Rangiora a couple of weeks back. There was a note there on the former Heartland premises that they had relocated the branch to Riccarton. What a crock. The Riccarton branch has been where it is for some time. The Rangiora branch has been closed down. That is the real truth of the matter. So much for Heartland's rural roots. Roll on the Heartland rural rout!
SNOOPY
What was the precise wording of the note?
Any decent financial institution will begin with:
"Dear customer.
In order to serve you better we have [relocated this branch...]"
If they did not use that precise wording they are probably dodgy and you should not give them your money.
Best Wishes
Paper Tiger
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20-07-2016, 08:57 AM
#7912
Member
A couple of months ago I took my sons hard earned cash to add to a term deposit that he had with Heartland.What do you know ....they don't take cash.....but directed me to Westpac across the road with a deposit form.
Obviously when a bank don't take cash well they can forget it.
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20-07-2016, 09:06 AM
#7913
Originally Posted by beetills
A couple of months ago I took my sons hard earned cash to add to a term deposit that he had with Heartland.What do you know ....they don't take cash.....but directed me to Westpac across the road with a deposit form.
Obviously when a bank don't take cash well they can forget it.
A Bank doesn't take cash ????? thats like a pub not serving beer !!
Whats the world coming to ?
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20-07-2016, 10:18 AM
#7914
Originally Posted by beetills
A couple of months ago I took my sons hard earned cash to add to a term deposit that he had with Heartland.What do you know ....they don't take cash.....but directed me to Westpac across the road with a deposit form.
Obviously when a bank don't take cash well they can forget it.
Heartland is more of a specialised financer these days. Actual banking functions (like mortgages, now done through kiwibank IIRC) and - now it seems cash - are all being outsourced. Best to think of Heatland in terms of the old 'Claytons' drink ad.
'Heartland'. It's the bank you have, when you don't have a bank!
SNOOPY
Last edited by Snoopy; 20-07-2016 at 10:19 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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20-07-2016, 10:42 AM
#7915
Originally Posted by beetills
A couple of months ago I took my sons hard earned cash to add to a term deposit that he had with Heartland.What do you know ....they don't take cash.....but directed me to Westpac across the road with a deposit form.
Obviously when a bank don't take cash well they can forget it.
Sounds actually very smart, get Westpac (or another bank) to do all the hard work (counting the cash, paying tellers, storing the cash, having a heavy retail frontage, reconciliations etc etc) while heartland just gets the easy end game: the direct credit transfer... maybe it's one of the reasons they can pay you, the customer, the better term deposit rate?
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20-07-2016, 10:48 AM
#7916
Originally Posted by Snoopy
Heartland is more of a specialised financer these days. Actual banking functions (like mortgages, now done through kiwibank IIRC) and - now it seems cash - are all being outsourced. Best to think of Heatland in terms of the old 'Claytons' drink ad.
'Heartland'. It's the bank you have, when you don't have a bank!
SNOOPY
Exactly right.!!
HBL's actual banking functions are out sourced to Westpac,so you can bank cash into your Heartland Bank account, at any Westpac Branch.There is even a Westpac branch in Geraldine for you Blockhead,and one Rangiora for you Snoopy.!!..lol
From Heartland Bank's recent presentation you can see where Heartland see their future in banking;
"Market leadership in digital distribution and digital marketing to deliver a radically better customer experience based on 'ease and speed'".'
From the way "open for business" has taken off they are certainly well on their way to achieving their objectives.In fact they are receiving per day online ,what I would expect a bank with between 100 and 150 branches would achieve. [Worth thinking about.]!
I also hear they are receiving a lot of applications for REL loans on line,which rather surprised me until I thought about it.
Last edited by percy; 20-07-2016 at 11:04 AM.
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20-07-2016, 10:53 AM
#7917
Originally Posted by percy
I also hear they are receiving a lot of applications for REL loans on line,which rather surprised me until I thought about it.
I forgot to mention this... yes I have also heard similar things, heartland are one of the only companies in NZ (the only one maybe?) that do REL in a big way... good foothold in Australia as well
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20-07-2016, 06:55 PM
#7918
Yippee - a close above 130
Was about that at beginning of year. Got to 130 odd in June for one day before fading away
This time it will be different - it will kick on for sure
No acquisition on horizon, no capital return - but a profit upgrade in August i reckon.
Looking good for Heartland over next few months
”When investors are euphoric, they are incapable of recognising euphoria itself “
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20-07-2016, 07:32 PM
#7919
Originally Posted by winner69
No acquisition on horizon
I wouldn't be so sure about this part...
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20-07-2016, 08:39 PM
#7920
Originally Posted by percy
Exactly right.!!
HBL's actual banking functions are out sourced to Westpac,so you can bank cash into your Heartland Bank account, at any Westpac Branch.There is even a Westpac branch in Geraldine for you Blockhead,and one Rangiora for you Snoopy.!!..lol
From Heartland Bank's recent presentation you can see where Heartland see their future in banking;
"Market leadership in digital distribution and digital marketing to deliver a radically better customer experience based on 'ease and speed'".'
From the way "open for business" has taken off they are certainly well on their way to achieving their objectives.In fact they are receiving per day online ,what I would expect a bank with between 100 and 150 branches would achieve. [Worth thinking about.]!
I also hear they are receiving a lot of applications for REL loans on line,which rather surprised me until I thought about it.
Hello Percy. Pretty good weather, for Winter, in Christchurch today. I have been getting my Gnome Passport stamped, with the Grandkids, in the Botanic Gardens today. Then I got the problem, what on earth are REL loans on line. Plus the mystery of the bank that has abolished cash, as in folding cash. All most mysterious. Please help!
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