Raisin - checking account number / preventing fraud

Tigra_

I've just applied for the ICICI Bank 1.95% fixed term deposit through Raisin. As part of this I need to do a Bank Transfer to pay the funds into Meteor Investment Management Ltd Deposit Collection Client Account which in turn transfers it to ICICI.

The question I have is, in a world of fraud, how can I guarantee that the account number and sort code I have been given is correct? What if someone setup a fake "Raisin" website to capture peoples details and therefore redirect funds to the fraudsters by giving out their account number for the bank transfer?

Any thoughts / success stories welcome.

solartom

did that a few days ago
have had confirmation that the money has reached its destination
hope that helps

eskbanker

Anyone concerned about using Raisin can obviously forego the bonus and just go straight to the target savings account provider - the same 1.95% AER is available directly from ICICI (but how would you satisfy yourself that their website and account details aren't fake....).

Or read the main thread about Raisin at https://forums.moneysavingexpert.com/discussion/5854315/expired-gatehouse-bank-raisin-uk-offering-2-aer-on-12-month-fixed-term-accounts-plus-50-bonus for comforting tales of success....

pwhitf

I know its not 100% but the Daily Mail featured Raisin about a fortnight ago and you would hope that they had checked them out. I have opened an account with them - don't forget you have to send an email after funding your account to get the £50 bonus, it is not automatically applied.

Spanishsunawaits

I applied for this product this morning. My funds have been received and are in “Pending”. Hopefully all ok. Will apply for the bonus as soon as the funds are with ICICI.

steveksullivan

Mine went from pending to a funded ICICI account yesterday..... Also was told by Raisin that I could send the email as soon as MAM had received the funds.

Tight_Fist

I've just signed up to this myself but trying to write the account name is impossible as I only have 18 characters to enter the name:(

Can anyone advise if they have successfully shortened the account name and still managed to deposit the fund?

Thanks

(account name is METEOR INVESTMENT MANAGEMENT LTD DEPOSIT COLLECTION CLIENT ACCOUNT)

karlie88

Tight_Fist wrote: »

I've just signed up to this myself but trying to write the account name is impossible as I only have 18 characters to enter the name:(

Can anyone advise if they have successfully shortened the account name and still managed to deposit the fund?

Thanks

(account name is METEOR INVESTMENT MANAGEMENT LTD DEPOSIT COLLECTION CLIENT ACCOUNT)

Just put Meteor Investment. To be honest, the account name isn't that important. You could put Joe Bloggs and it would still reach the correct destination - it's the sort code and account number that are important.

masonic

Tigra_ wrote: »

I've just applied for the ICICI Bank 1.95% fixed term deposit through Raisin. As part of this I need to do a Bank Transfer to pay the funds into Meteor Investment Management Ltd Deposit Collection Client Account which in turn transfers it to ICICI.

The question I have is, in a world of fraud, how can I guarantee that the account number and sort code I have been given is correct? What if someone setup a fake "Raisin" website to capture peoples details and therefore redirect funds to the fraudsters by giving out their account number for the bank transfer?

Any thoughts / success stories welcome.

The way to check is using the website certificate. The real https://www.raisin.co.uk site has an extended validation certificate issued to "Raisin GmbH [DE]". Clicking on the padlock area of the addressbar and selecting Certificate (in Chrome, other browsers will be slightly different) brings up some further information, such that it is issued by "COMODO CA Limited", which is a valid certificate authority. When you log in you are taken to account.raisin.co.uk, which is not extended validation, but is a standard certificate signed by the same certificate authority, which builds confidence that it is owned by the same organisation.

Within the site, you can review your 'Account communications', which includes the message with the bank details. Therefore you can be confident that (a) the site is owned by the company you are dealing with and (b) the certificate used for the secure connection was issued by a trustworthy certificate authority and therefore only Raisin GmbH has the ability to control the content on the page you are reading.

wiseonesomeofthetime

On the back of this week's newsletter, I have applied for an ICIS 1 year fix via Raisin, filled in all the details and clicked submit.

My dashboard remains empty.

Is that normal in the experience of those that have done this recently as well please?

Have messaged Raisin in app.

Just don't wish to apply twice for the same product.

Anyone else have issues with apostrophes in names too?

Ta

sheffieldeagle

The account does not show in the Dashboard immediately. It took a about an hour for mine to show.
Hope this helps.