Pay in £1000 per month current account

lexington013

Quick question, BOS Vantage account, how long do I need to leave the £1000 in for before I can move it?
I opened this current account to earn the interest.

ColdIron

A shake of a nanny goat's tail

ceredigion

why do people think it is the same money that is coming out, that was paid in

YorkshireBoy

lexington013 wrote: »

Quick question, BOS Vantage account, how long do I need to leave the £1000 in for before I can move it?

Why not move the money out first, then back in again? Problem solved...unless you're going to ask the same question for the other account?

YorkshireBoy

lexington013 wrote: »

Quick question, BOS Vantage account, how long do I need to leave the £1000 in for before I can move it?

Let's look at it another way...if your salary (of £1,001.28) was credited to your BoS Vantage account at 1:30am, how long would you expect to have to wait until you could withdraw some or all of it?

badger09

ceredigion wrote: »

why do people think it is the same money that is coming out, that was paid in

Because with most of us, it usually is :rotfl:

badger09

YorkshireBoy wrote: »

Let's look at it another way...if your salary (of £1,001.28) was credited to your BoS Vantage account at 1:30am, how long would you expect to have to wait until you could withdraw some or all of it?

A shake of a nanny goat's tail?



Sorry - working my way through a bottle of Chardonnay before dinner

Eco_Miser

badger09 wrote: »

Originally Posted by ceredigion

why do people think it is the same money that is coming out, that was paid in

Because with most of us, it usually is :rotfl:

But it isn't: You've probably got £5k in the account, you pay in another £1k, making 6K. That's just a number in an electronic ledger, not a pile of notes/coins/gold bars.

Then you transfer £1k out, leaving £5k again. It's still just a number in a ledger. There's no way to identify the two £1k transfers as being the same money. You could just as easily have done the transfer out first.

lexington013

Eco_Miser wrote: »

But it isn't: You've probably got £5k in the account, you pay in another £1k, making 6K. That's just a number in an electronic ledger, not a pile of notes/coins/gold bars.

Then you transfer £1k out, leaving £5k again. It's still just a number in a ledger. There's no way to identify the two £1k transfers as being the same money. You could just as easily have done the transfer out first.

Hit the nail on the head. Thanks.

badger09

Eco_Miser wrote: »

But it isn't: You've probably got £5k in the account, you pay in another £1k, making 6K. That's just a number in an electronic ledger, not a pile of notes/coins/gold bars.

Then you transfer £1k out, leaving £5k again. It's still just a number in a ledger. There's no way to identify the two £1k transfers as being the same money. You could just as easily have done the transfer out first.

Actually, for the Halifax Reward account, it is definitely the same £750 - well £749

And it wouldn't be a good idea to the transfer out first

ColdIron

I think Fungible is a great word and I thank everybody for giving me a chance to use it