Marcus is live!

ColdIron

NoviceAngel wrote: »

It will take quite a bit of messing around to keep a minimum balance on my new 123 lite. I’ll transfer my large no cashback DDs to another current account that does pay interest and just leave the smaller cashback DDs at Santander.

I plan to keep my balance at a minimum with standing orders from my Tesco current accounts. Tesco SOs fire on the date you say even if it's a weekend, my bills, Regular eSaver and the £500 are very predictable. To mitigate any problems I've set up a small overdraft as belt and braces

I closed my 2nd 123 a while back and although I only used my 123 accounts for savings and cashback I've had them since 2013 and quite like the account. Santander have gone from the heady days of £1,200 interest a year with only a £48 fee, to a low value account useful only for a few quids worth of cashback

soulsaver

Comments about phoning in to change to Lite? You can do it on line:
After login on rh side click on upgrade/our current acs/123lite/apply/select transfer Santander ac.

Or here:
https://www.santander.co.uk/info/current-accounts/123-current-account-range?cm_mmc=xsrhnapply-_-obx-_-obx-_-transfer&icid=OLB-RHN-Upgrade current account

Then select apply/transfer

mattytun

I opened my "Marcus account" when it first launched on MSE with £1

today I just transferred 83k and was showing within 5mins.;)

Tom99

mattytun wrote: »

today I just transferred 83k and was showing within 5mins.;)

Out of interest which bank did you transfer £83k from, or did you pay for a CHAPs payment?
Most of mine have a £20k or £25k limit.

mattytun

Tom99 wrote: »

Out of interest which bank did you transfer £83k from, or did you pay for a CHAPs payment?
Most of mine have a £20k or £25k limit.

Tesco > Marcus (I phoned them up and done it over the phone)

SpanishBlue

Tom99 wrote: »

Out of interest which bank did you transfer £83k from, or did you pay for a CHAPs payment?
Most of mine have a £20k or £25k limit.

Nationwide have a £10,000 transfer online limit. However you can transfer £10,000 as many times as you like in one day.

talexuser

When I downgraded I also got interest up to the date of swapping with no pro-rata higher fee.

The_Green_Hornet

Marcus, the first ever retail product from investment banking giant Goldman Sachs has signed up around 50,000 customers in the UK since its launch just over a week ago, the bank said on Monday.

http://uk.businessinsider.com/goldman-sachs-marcus-signs-up-50000-customers-in-2-weeks-2018-10

ColdIron

For those using an Ad Blocker
https://www.thisismoney.co.uk/money/saving/article-6252597/Marcus-Goldman-Sachs-opens-50-000-savings-accounts-10-days.html

mark13

All set up and funded in less than 30 mins. Every little helps.