Virgin money RS - maturity

karlie88

All done and dusted.

Payment arrived in current account.

See you all on 19th Feb.

:hello:

[Deleted User]

£3592 has arrived in my nominated account and now manually transferred to Marcus. Next diary date is 19 Feb 2019. for issue 9.

veryintrigued

Frogletina wrote: »

Mine is showing that now too.

However, I've previously been sent a letter to return the excess interest. Hope I get to keep it this time

frogletina

Happened to me a few issues ago and I asked to raise a complaint on their poor control and systems. Others had done similar talking through with the advisor.

They not only gave me £50 (which I didnt ask for) but told me to keep the interest and haven't bothered me since.

I'll ask them to resurrect that complaint if they do.

veryintrigued

veryintrigued wrote: »

Amount transferred should be £3,592.46 from the info on my Virgin account.

That's the 43.66 X 2.

Not yet showing in my linked account but looks positive.

Another who's has arrived fine.

Frogletina

Deleted_User wrote: »

£3592 has arrived in my nominated account and now manually transferred to Marcus. Next diary date is 19 Feb 2019. for issue 9.

Mine has not yet arrived in my nominated account - but when it does I too will transfer it to Marcus

frogletina

Payment arrived now and transferred

Frogletina

veryintrigued wrote: »

Happened to me a few issues ago and I asked to raise a complaint on their poor control and systems. Others had done similar talking through with the advisor.

They not only gave me £50 (which I didnt ask for) but told me to keep the interest and haven't bothered me since.

I'll ask them to resurrect that complaint if they do.

I shall do that if I ever get another letter asking me to return the extra interest

3 more issues to go

frogletina

where_are_we

Wonderful!Xmas has come early!An extra £43.55 for me and £43.45 for OH - not quite double bubble but I`m not complaining!

Hope no ramifications ensue.
19/2/19 9pm warning has been put on my phone.
Thanks to all for flagging this up.

1882

The VM savings account replacing my recently matured and closed one shows a balance of -£39 no doubt the double interest. This is my first one to mature so have no experience of this.

They haven't asked for it back yet but I will be in store soon to open a new issue one. I have loads of online and a couple of branch RS with them already, am I going to be hassled?

molerat

1882 wrote: »

The VM savings account replacing my recently matured and closed one shows a balance of -£39 no doubt the double interest. This is my first one to mature so have no experience of this.

They haven't asked for it back yet but I will be in store soon to open a new issue one. I have loads of online and a couple of branch RS with them already, am I going to be hassled?

Both mine & MrsM's show -£43.66. Will have to wait and see where this goes. I suppose they could use set off against other accounts if they wanted to.

Vortigern

molerat wrote: »

Both mine & MrsM's show -£43.66. Will have to wait and see where this goes. I suppose they could use set off against other accounts if they wanted to.

A savings account cannot be overdrawn, can it?

Supplementary question: If you have to report your savings interest to HMRC, do you tell them about the double dose?

And what will Virgin report to HMRC?