Marcus is live!

andy265

YorkshireBoy wrote: »

Presumably you haven't yet read the help files on their website?...

Thought I had, but didn't see that Thanks!

Ballard

NoviceAngel wrote: »

That really does seem odd, as the source of any funding is really nothing to do with them!

Banks have a legal obligation to ascertain the source of significant funds so it is very much their business I’m afraid.

NoviceAngel

Ballard wrote: »

Banks have a legal obligation to ascertain the source of significant funds so it is very much their business I’m afraid.

I certainly wasn’t aware of any ‘legal obligation’ so thanks for that info.

It does seem bizarre though that whether ‘significant’ funds are either inherited, earned or simply saved over the years, that the source of any savings or investment needs to be declared. Isn’t an individual entitled to any privacy these days?

NoviceAngel

YorkshireBoy wrote: »

Presumably you haven't yet read the help files on their website?...

I wasn’t aware of that either, I wonder if the funds need to be manually credited then ?

I’ve noticed a few hours delay normally, but generally when I use faster payments between the major banks, they are mostly instantaneous - even at the weekends.

masonic

NoviceAngel wrote: »

It does seem bazaar though that whether ‘significant’ funds are either inherited, earned or simply saved over the years, that the source of any savings or investment needs to be declared. Isn’t an individual entitled to any privacy these days?

You only need to share these details with those you give the money to look after. You can keep the information private from others.

RG2015

NoviceAngel wrote: »

It does seem bazaar though that whether ‘significant’ funds are either inherited, earned or simply saved over the years, that the source of any savings or investment needs to be declared. Isn’t an individual entitled to any privacy these days?

They have to follow the rules of the market.

Steve_xx

RG2015 wrote: »

They have to follow the rules of the market.

You mean the market as in the "bazaar"?

NoviceAngel

Steve_xx wrote: »

You mean the market as in the "bazaar"?

Haha I blame my new iPhone it doesn’t know how to spell! That’s my excuse anyway!

I suppose I better edit the post lol

Bobblehat

Marcus may be alive but can someone wake him up to pay my interest

Opened and funded on 27th Sept and as of 21:14 today ... still no interest.

Ballard

NoviceAngel wrote: »

I certainly wasn’t aware of any ‘legal obligation’ so thanks for that info.

It does seem bizarre though that whether ‘significant’ funds are either inherited, earned or simply saved over the years, that the source of any savings or investment needs to be declared. Isn’t an individual entitled to any privacy these days?

There are a lot of checks that banks need to do to try to combat money laundering and some of them inconvenience us law abiding citizens but they’re there for a reason. We are entitled to privacy to an extent but unfortunately a small number of accounts are used for illicit purposes and so all accounts are constantly monitored.