Marcus is live!

veryintrigued

Sallyforth wrote: »

Hilarious - Marcus rejected me. Possibly because my credit rating is trashed. Pity they don’t realise I have a half million inheritance I’m trying to invest sensibly! Their loss.

They perform a credit check?

Zero_Sum

HardCoreProgrammer wrote: »

I converted my Santander 123 account (£5 charge per month) to Santander 123 Lite (£1 charge per month) and moved everything except £1000 to Marcus.
I am now getting the same interest rate (1.5%) and saving £4 per month in fees, with no 20K upper limit.
Santander will need to up their game soon, or a lot of people will be doing as I have just done.

Even before this account, you'd have been better off going for the lite version & sticking cash into one of the previous best payers of 1.30 - 1.40% as the £4 reduction does eat into the interest rate quite a bit. The full 123 account is a bit of a con really.

karlie88

veryintrigued wrote: »

They perform a credit check?

Nope, they don't perform a credit check.

They'll check your identity electronically but this is not via a credit check. The previous poster is mistaken - you're applying for a savings account; you're not applying for credit.

veryintrigued

karlie88 wrote: »

Nope, they don't perform a credit check.

They'll check your identity electronically but this is not via a credit check. The previous poster is mistaken - you're applying for a savings account; you're not applying for credit.

Was tongue in cheek

firestone

Seem to remember reading a couple of years back that some banks do soft credit checks for checking client details no trail left but some did hard checks on savings products that can leave a trial ( Bank of Ulster was one)

Kernel_Sanders

d63 wrote: »

on the plus side however the help line is an 0800 number.

But it's only staffed Mon-Fri. I've opened the account with 7K but can't get into it because my email a/d and password are both wrong, apparently! They've locked my account and given the number to ring on Monday.

darren72

Kernel_Sanders wrote: »

But it's only staffed Mon-Fri. I've opened the account with 7K but can't get into it because my email a/d and password are both wrong, apparently! They've locked my account and given the number to ring on Monday.

I've you've done the transfer the money should at least be in it safely though now earning interest.

10_66

tg99 wrote: »

Anyone else get this?

“Your application is being processed, please check back later
We're just reviewing the information you've given us and we'll get back to you soon.”

tg99: I opened one today for myself without any problems, but my OH opened one immediately after and got the same message you got. What was the outcome of yours, did they open it or decline?

10_66

I opened an account this morning and paid some money in around half an hour ago, which hasn't arrived into the account. Does anyone know if their Faster Payments are immediate over weekends or are they delayed until bank working day?

andi2

10_66 wrote: »

I opened an account this morning and paid some money in around half an hour ago, which hasn't arrived into the account. Does anyone know if their Faster Payments are immediate over weekends or are they delayed until bank working day?

I moved some out yesterday evening - didn't arrive as fast as the money I put in on Friday, but is there this morning (Sunday).