The Top Easy Access Savings Discussion Area

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Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20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Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20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 I’ve only ever withdrawn pre 8pm during working hours and has always arrived in 10-20 mins in current account.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Kent Reliance has a cut off time to receive withdrawn funds by end of same working day…..in practice does anyone know if a pre-cut off withdrawal arrives in your current account pretty quickly within say 10-20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.

Band7

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)).

Agree, it's hard to see what benefit they get from having occasional access to some of my data. Classic rate tarts don't fit their model customer who has one current account, uses debit cards and cash for their spending, and who has may be one savings account.