The Top Easy Access Savings Discussion Area

tg99

Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20 mins like Skipton withdrawals?

SanguineOnSaturn

Kroo for me takes some of the urgency away from keeping a low balance in current accounts. Doing less 'just in time transfers' now than I was before.

pecunianonolet

tg99 said:

Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20 mins like Skipton withdrawals?

Skipton told me earlier that because my withdrawal request was past 8pm it would only be processed the next working day. Seems like a change as I'm pretty sure I took money out past 8pm before and had it transferred max 30 min after. Rather disappointing so I guess I need a Chip account, with a dummy current account attached as I don't like snooping via open banking.

soulsaver

savethepandas said:

soulsaver said:

NLA: Newcastle Tri Iss4 3.05% (22/02) Newcastle Triple Access Saver (Issue 4) 

Links checked, ToTP updated.

Thanks for your hard work with this, noticed your BoE date is still in December.

Fixed thanks

tg99

pecunianonolet said:

tg99 said:

Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20 mins like Skipton withdrawals?

Skipton told me earlier that because my withdrawal request was past 8pm it would only be processed the next working day. Seems like a change as I'm pretty sure I took money out past 8pm before and had it transferred max 30 min after. Rather disappointing so I guess I need a Chip account, with a dummy current account attached as I don't like snooping via open banking.

As far as I’m aware the 8pm cut off has been in place for at least the few years since I opened my account. I’ve only ever withdrawn pre 8pm during working hours and has always arrived in 10-20 mins in current account.

liamcov

pecunianonolet said:

tg99 said:

Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20 mins like Skipton withdrawals?

Skipton told me earlier that because my withdrawal request was past 8pm it would only be processed the next working day. Seems like a change as I'm pretty sure I took money out past 8pm before and had it transferred max 30 min after. Rather disappointing so I guess I need a Chip account, with a dummy current account attached as I don't like snooping via open banking.

I'm uncomfortable with this too - are there any common problems with this?

The one good thing with Chip is the access is limited to 90 days I think so I guess I have to confirm at that point again, but another one (Tandem I think) doesn't seem to have a limit.

Band7

liamcov said:

pecunianonolet said:

tg99 said:

Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20 mins like Skipton withdrawals?

Skipton told me earlier that because my withdrawal request was past 8pm it would only be processed the next working day. Seems like a change as I'm pretty sure I took money out past 8pm before and had it transferred max 30 min after. Rather disappointing so I guess I need a Chip account, with a dummy current account attached as I don't like snooping via open banking.

I'm uncomfortable with this too - are there any common problems with this?

The one good thing with Chip is the access is limited to 90 days I think so I guess I have to confirm at that point again, but another one (Tandem I think) doesn't seem to have a limit.

You can stop access any time you like with your bank(s). 

You can also set up a dedicated current account that you use just for Tandem, just for CHIP etc etc. Though IMHO this creates additional admin effort for questionable benefit

I have used OB with a number of companies for quite some time now. My initial reluctance has turned into total acceptance as I have not experienced any increase in unwanted marketing etc.

BTW, looks I have a CHIP connection without an expiry date

liamcov

Band7 said:

liamcov said:

pecunianonolet said:

tg99 said:

Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20 mins like Skipton withdrawals?

Skipton told me earlier that because my withdrawal request was past 8pm it would only be processed the next working day. Seems like a change as I'm pretty sure I took money out past 8pm before and had it transferred max 30 min after. Rather disappointing so I guess I need a Chip account, with a dummy current account attached as I don't like snooping via open banking.

I'm uncomfortable with this too - are there any common problems with this?

The one good thing with Chip is the access is limited to 90 days I think so I guess I have to confirm at that point again, but another one (Tandem I think) doesn't seem to have a limit.

You can stop access any time you like with your bank(s). 

You can also set up a dedicated current account that you use just for Tandem, just for CHIP etc etc. Though IMHO this creates additional admin effort for questionable benefit

I have used OB with a number of companies for quite some time now. My initial reluctance has turned into total acceptance as I have not experienced any increase in unwanted marketing etc.

BTW, looks I have a CHIP connection without an expiry date

Thanks for that - I haven't looked at that section (also with Santander) but in the Chip app it says somewhere about 90 days. 

TiVo_Lad

I do wonder what benefit these banks actually get from snooping around current accounts. Mine is mainly an intermediary account between the savings accounts that I have and so it's just money "passing through". I never use the debit card to pay for anything and haven't used cash in six months. The best they'd know is I'm a rate tart (which didn't prevent Tandem from freezing my account in the early says due to "suspicious" activity (aka classic rate tart activity)).

Bridlington1

TiVo_Lad said:

I do wonder what benefit these banks actually get from snooping around current accounts. Mine is mainly an intermediary account between the savings accounts that I have and so it's just money "passing through". I never use the debit card to pay for anything and haven't used cash in six months. The best they'd know is I'm a rate tart (which didn't prevent Tandem from freezing my account in the early says due to "suspicious" activity (aka classic rate tart activity)).

I don't know but YouGov will even pay you to share your bank data with them.