Marcus is live!

RG2015

Bobblehat wrote: »

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.

Account interest payments

Interest is calculated daily, and applied to your account monthly on the date your account was opened. So if you opened your account on 27 September, your interest will be paid on the 27th of each month. When that date falls on a weekend or bank holiday, the interest will be credited by the end of the next business day.

Bobblehat

Damn! I though banks closed at 5pm .... you mean have to stay up until midnight?



Only kidding - Honest!

andy265

NoviceAngel wrote: »

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.

The £1 test appeared in my Marcus account Sunday afternoon, about a day after I opened the account and sent it. I then sent the rest of the money I wanted to transfer and that was there in about 10 minutes.

IanManc

Bobblehat wrote: »

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.

RG2015 wrote: »

Account interest payments

Interest is calculated daily, and applied to your account monthly on the date your account was opened. So if you opened your account on 27 September, your interest will be paid on the 27th of each month. When that date falls on a weekend or bank holiday, the interest will be credited by the end of the next business day.

Bobblehat wrote: »

Damn! I though banks closed at 5pm .... you mean have to stay up until midnight?

Only kidding - Honest!

It's not just you - I haven't got my interest yet either.

Mind you, there's still an hour and twenty one minutes of the "next business day" left yet, I suppose.

NoviceAngel

IanManc wrote: »

It's not just you - I haven't got my interest yet either.

Mind you, there's still an hour and twenty one minutes of the "next business day" left yet, I suppose.

It would be embarrassing if the interest isn’t credited on time, reminds me of CHIP Savings - good idea but who’s never heard of a half reputable ‘bank’ not paying out on time ?

Well at least Marcus are FSCS protected, I wonder if that covers missing interest?

CHIP came good in the end, albeit a little late. I must admit though it’s concerning especially from a very reputable American bank.

andi2

My interest has just shown up

IanManc

IanManc wrote: »

It's not just you - I haven't got my interest yet either.

Mind you, there's still an hour and twenty one minutes of the "next business day" left yet, I suppose.

The interest has just been credited - with only 48 minutes left till midnight.

NoviceAngel

:beer::j:j

Good news, Well done Marcus!

Happyheather

I opened a Marcus account expecting a 1.5% savings rate and my account actually shows a 1.49% rate; this feels like a misleading rate or sharp practise to me 😩

Doc_N

Happyheather wrote: »

I opened a Marcus account expecting a 1.5% savings rate and my account actually shows a 1.49% rate; this feels like a misleading rate or sharp practise to me 😩

It's 1.5% AER and 1.49% gross.

The answer's in here: https://www.marcus.co.uk/uk/en/savings