Kent Reliance Bond Maturity

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The bond matures on 11 Aug (Thur), told them to close it & transfer funds to nominated bank a/c.

Bit surprised today to get an email from Kent telling me that "following maturity the funds may take 5 working days to reach the account", this means that it's possible it won't be in my bank until 18th Aug.

Surely this delay isn't 'normal', I've had many accounts mature & I'm sure the transfers usually take place the working day following maturity?
Seen it all, done it all, can't remember most of it.

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  • carly
    carly Posts: 1,415 Forumite
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    They are very slow at KRBS. I had a bond mature recently and it did take around that length of time for me to receive the money
  • badger09
    badger09 Posts: 11,247 Forumite
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    The bond matures on 11 Aug (Thur), told them to close it & transfer funds to nominated bank a/c.

    Bit surprised today to get an email from Kent telling me that "following maturity the funds may take 5 working days to reach the account", this means that it's possible it won't be in my bank until 18th Aug.

    Surely this delay isn't 'normal', I've had many accounts mature & I'm sure the transfers usually take place the working day following maturity?

    So they're still no quicker:(

    http://forums.moneysavingexpert.com/showthread.php?t=4221671
  • SevenOfNine
    SevenOfNine Posts: 2,358 Forumite
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    What a pain.

    I opened a Charter bond on 1 Aug to drop this money into, doesn't look like I'll get it within the 14 days I have to deposit it.

    Oh well, may have to raid the amount from a couple of other A/Cs to feed it temporarily - then pay those back when KRBS get round to coughing up.

    With everything having to pass through my nominated bank A/C I hope I don't start looking like a blinking money launderer. They already put a 'marker' on our A/C once before (but only on me, not joint holder hubby). I don't want all that kerfuffle again!

    Thank you both.
    Seen it all, done it all, can't remember most of it.
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