Correct, it's just a simple way to verify you're the account holder. Saves asking for DOB, address, account number which are more accessible.
- Type in my account number
- Wait for an agent
- Get an agent. Give my name and account number
- Explain my problem
- Get transferred to another agent
- Wait
- Get an agent, give my account number
- Give the third letter of my password (which got me confused, as I thought they were asking for my account password)
- Explain my problem
- Get transferred to another agent
- Wait
- Get an agent, give my account number
In the end, I talked to three persons, in the same company, and gave 4 times my account number, and one time my "password".Can confirm, does not save time at all!
Note: this is for Virgin Media UK. Did not experience that with Virgin Media in Canada.