Marcus is live!

The_Jester

AnotherJoe wrote: »

OK, what am I missing? Why is this so good? I'm getting 1.5% at Santander and 2% on a 1 year fix at Atom and you can get a little bit more than that elsewhere.


So, I'm assuming I've missed some extra benefit?

Glad you asked as it saved me typing the exact same thing. I thought I was missing something but now I can sleep tonight without being puzzled

zzzt

That's one of the easiest accounts I've ever opened.

1.5% is kind of crap, but it's easy access and I've had the cash sitting around earning no interest (waiting for some big purchases over the next 6 months).

jillette wrote: »

Anyone else having reservations? Or am I just too worried about hackers using brute force log-in tools?

You can only withdraw to one bank account that you choose when you open the account. There is nothing an attacker could do except transfer your money into your own bank account, and even then, if you try to transfer a large amount, it requires calling them.

I think you are worrying for no reason. It is not a current account. You cannot do anything with it other than receive money and withdraw money from one nominated account.

DennisTenus

I just logged in for the first time from my phone in chrome browser (before I'd been using my pc) and after entering username and password it asked me to verify my identity by sending code to my mobile number or email address.

So I guess that's why they need it.

And that's the 2nd level of authentication when they don't recognise your usual login browser or whatever. I was also surprised it was just username and password. I have made my password over 20 random characters mind you.

Zero_Sum

AnotherJoe wrote: »

What about the interest on it !

Worrabout it? The 'real' rate you're getting isnt anything to write home about.

I've currently got £10k across 4 current accounts receiving an average of 3.8% which is at least 3 times what you're getting and there's no fees involved.

stehouk

I was wondering to myself what an unusual name for a savings account and i am watching star trek look what i found:
"And the Children Shall Lead" is a third season episode of the American science fiction television series Star Trek, ... into steering the ship towards Marcus XII while presenting illusions that make them think they will earn money"

Sapphire

colsten wrote: »

They'll be inconsolable, no doubt.

I don't care.

DennisTenus

IanManc wrote: »

It's now an hour after the email verification codes were requested from Marcus, and they have never appeared.

The one thing I've always disliked about Tesco Bank is their use of cookies for verification. If I'd known that Marcus did this too I would have thought twice about opening the account.

Not good.

Why's it not good? It's additional security

pafpcg

Tom99 wrote: »

Can two people use the same mobile number?

Yes! I created accounts for myself and my partner using the same mobilephone number.

DennisTenus

IanManc wrote: »

Why is it not good when the emailed code you need to access your account never arrives? :wall:

I used SMS and it arrived within 10 seconds

bd10

Opened one account first thing this morning. No supporting docs were required during the process. Just name, nationality, tax status here in UK, full address, mobile number, income bracket and current account. Verification link was sent, that's pretty much it. Wired over a few grand, was credited in less than 30 min. Pretty good!