Halifax -> Yorkshire Building Society

KDH_2

Yep - says 12/2/07 as transaction date . Many Thanks

ffacoffipawb

YorkshireBoy wrote:

Moving from the Halifax to the YBS ISA has cost me 2 days interest. At a 0.35% differential, this will take approximately 30 days to recover - assuming the differential remains the same. I'm also now with a provider who has passed on the last two base rate rises IN FULL.

Ditto, scrap my previous spreadsheet analysis!!

gelato_cat

Got a letter this morning from YBS saying that my E-ISA has been set up and that they're going to write to me again when they receive the cheque from the Halifax.

Also received a letter on saturday from the Halifax confirming that my ISA with them has been closed.

So far, so good!

Suze

millie

I had a letter from Alliance & Leicester dated 13th February saying my funds had been forwarded to YBS, so far nothing is showing in the YBS account, so that is 9 days. How long should I leave it before phoning them?

YorkshireBoy

millie wrote:

I had a letter from Alliance & Leicester dated 13th February saying my funds had been forwarded to YBS, so far nothing is showing in the YBS account, so that is 9 days. How long should I leave it before phoning them?

If the funds left A&L on the 13th, YBS would have received them on, say, the 15th. That means they've only had them for 6 working days including today.

I've posted above that they currently have a 10 day backlog.

If you ring them, they won't be able to tell you anything specific about your own transfer - only that they're currently working on those transfers received on a certain date. You may, however, be able to 'second guess' when they'll get round to yours based on the date they give you.

Personally, I wouldn't bother ringing them until at least next Wednesday (ie, working day 10).

zag2me

Whats the Internet banking system like with YBS? I am tempted to switch if I can transfer money easily online.

YorkshireBoy

zag2me wrote:

Whats the Internet banking system like with YBS? I am tempted to switch if I can transfer money easily online.

Functional is how I'd describe it, ie it does the job - nothing fancy.

My only 'gripe' with YBS (and this isn't really anything to do with internet banking, and probably won't affect you with your ISA) is that, because they use NatWest as their collection account, BACS transfers out take a full 5 days to appear in your external accounts (ie action Monday, arrive Friday). However, and this is strange, transfers in can take only 2-3 days and they sometimes credit your account on a Saturday!!

millie

My transfer has finally been credited to my YBS account it took 12 days from when the A & L account was closed. I have emailed them to ask why it has taken so long and asking about my loss of interest which is appro. £70. My husbands account was done at the same time so he has lost the same amount. Makes it wonder if it is worth changing in the 1st place.

YorkshireBoy

millie wrote:

My transfer has finally been credited to my YBS account it took 12 days from when the A & L account was closed. I have emailed them to ask why it has taken so long and asking about my loss of interest which is appro. £70. My husbands account was done at the same time so he has lost the same amount. Makes it wonder if it is worth changing in the 1st place.

millie,

Have you read my post #22 above?

Also, when you receive your receipt slip through the post, you'll see that they have credited your account on the day they received the A&L cheque. This is the date you will start to receive interest from.

susiem

Has anyone opened an account with Icesave online, I opened one on 5th February and still haven't got my login details. How long winded is that.