The Top Easy Access Savings Discussion Area

I-LOV-MONEY

InvesterJones said:

Most banks close at weekends too, so I haven't seen it as a negative, especially given the speed of transactions during the week.

Agree the transactions go through virtually instantly during the week.   However, this was money that was owed to me, I wanted to transfer into my First Direct account (which is open 24/7) and couldn't.

However, after saying this, although the on screen announcement said it would not be 'working'until Monday, some money has just transferred.

jaypers

I-LOV-MONEY said:

InvesterJones said:

Most banks close at weekends too, so I haven't seen it as a negative, especially given the speed of transactions during the week.

Agree the transactions go through virtually instantly during the week.   However, this was money that was owed to me, I wanted to transfer into my First Direct account (which is open 24/7) and couldn't.

However, after saying this, although the on screen announcement said it would not be 'working'until Monday, some money has just transferred.

All financial institutions have to carry out maintenance/changes to their IT systems. These are usually scheduled at the quietest times and I’ve never known notice not to be given. Generally you’ll find the most common outage times are the early hours of a Sunday morning. These things are an unavoidable fact of life. 

I-LOV-MONEY

RG2015 said:

Payments to and from your account

We'll be carrying out some work this weekend to improve our systems, so payments will be delayed. You can continue to add money to your account and withdraw as normal, although these transactions may not show in your Marcus account or be credited to your linked account until Monday 15 May at the latest. We're sorry for any inconvenience this may cause.

https://www.marcus.co.uk/uk/en

I was aware of that, and that was why I was annoyed!

RG2015

I-LOV-MONEY said:

RG2015 said:

Payments to and from your account

We'll be carrying out some work this weekend to improve our systems, so payments will be delayed. You can continue to add money to your account and withdraw as normal, although these transactions may not show in your Marcus account or be credited to your linked account until Monday 15 May at the latest. We're sorry for any inconvenience this may cause.

https://www.marcus.co.uk/uk/en

I was aware of that, and that was why I was annoyed!

Apologies. I didn't realise that you were aware they were carrying out planned maintenance.

I misread you post to mean that they just stopped working at the weekend, rather than they regularly scheduled maintenance over the weekend.

I am pleased though that they have now transferred (some of) your money. 

kitchensinq

Zaul22 said:

I tried to make a Shawbrook account to just try it out but a pretty weird part of the application process is they force you to use specific questions as your security questions instead of letting you choose. As if everyone just has a 'favourite person from history'.

Just use these "favourite person from history"-type fields as another password, i.e. enter something like "4QD9wpZ4yq6LFo" as your favourite person (and then save that value in your password manager with the user/pass for the site)

fly-catchers

dgpur said:

fly-catchers said:

wmb194 said:

fly-catchers said:

I don’t have a smart phone but when applying for a Kroo account via Topcashback with my iPad I go to an install app page with a QR code. How do I go about scanning that code? Would getting it on the screen of my PC and them using my iPad camera to take me to the app keep the tracking with Topcashback?

There's no harm in trying either way but yes, that should work.

Alas I got caught out by needing a Photo ID! Don't have a passport or driving licence with photo. But do intend to get one as Photo ID is obviously here to stay and get more relevant!  

I know your pain. I have neither driving licence (due to my disability I’m not allowed to drive - so can’t get one) nor passport (again - too disabled to go abroad). So many times good options have come along requiring one of them. So those that don’t (and there’s really no need for it in our banking system) get my business. Stuff Kroo, Chase, Investec etc.!

I am relieved that stand alone saving accounts like Chip, zopa etc don’t need them (so far!)

Beddie

OceanSound said:

Beddie said:

Locarno1 said:

I’m still very new to all this. Like someone suggested previously, it’s good to have a portion of your savings in different accounts which I quite like the idea of. However, my question is, if I’ve got quite a big sum in Tandem Bank, how do I transfer say a big sum? Initially when I opened up Tandem, I could only say deposit £10k from my Barclays current account each day. Is there any easier way? I’m just thinking do the banks track if large amounts are being moved around… don’t worry, I’m not doing anything dodgy just want to make it easier for me.

If you use Barclays online banking instead of the app, you can move £50k per day. 

A nonsense really, as since you use the app to log into the website, so how can it be any less safe?

Btw, with Barclays does the Personal account £10,000 mobile App limit apply for transfers using Open Banking too?

Worse - it's £2000! I tried it with Chip and that is what I was told, so I had to use faster payments instead.

Band7

Beddie said:

OceanSound said:

Beddie said:

Locarno1 said:

I’m still very new to all this. Like someone suggested previously, it’s good to have a portion of your savings in different accounts which I quite like the idea of. However, my question is, if I’ve got quite a big sum in Tandem Bank, how do I transfer say a big sum? Initially when I opened up Tandem, I could only say deposit £10k from my Barclays current account each day. Is there any easier way? I’m just thinking do the banks track if large amounts are being moved around… don’t worry, I’m not doing anything dodgy just want to make it easier for me.

If you use Barclays online banking instead of the app, you can move £50k per day. 

A nonsense really, as since you use the app to log into the website, so how can it be any less safe?

Btw, with Barclays does the Personal account £10,000 mobile App limit apply for transfers using Open Banking too?

Worse - it's £2000! I tried it with Chip and that is what I was told, so I had to use faster payments instead.

Once you have your CHIP account as a payee in your Barclays app, you should be able to make up to £10k deposits via OB. If you need higher limits, you are looking at using other banks.

Zaul22

OceanSound said:

Zaul22 said:

I tried to make a Shawbrook account to just try it out but a pretty weird part of the application process is they force you to use specific questions as your security questions instead of letting you choose. As if everyone just has a 'favourite person from history'. Also they tell you you can open an account then won't start earning interest until you make the first deposit, but actually force you to deposit £1000 during application. 

They make it sound like you MUST deposit £1000, but in fact, if you deposit less than that you will just earn a paltry interest - not the high interest.

Actually, in the FAQ section of their website they say we are welcome to make a test deposit of £1 before making any large deposit, as they do not support confirmation of payee.

I posted a link to the FAQ in an earlier post in this thread.

Yes that's actually my point, despite their FAQ saying that's it's not true. You can't continue the application without putting £1000 in as an opening balance. 

TheBanker

Zaul22 said:

OceanSound said:

Zaul22 said:

I tried to make a Shawbrook account to just try it out but a pretty weird part of the application process is they force you to use specific questions as your security questions instead of letting you choose. As if everyone just has a 'favourite person from history'. Also they tell you you can open an account then won't start earning interest until you make the first deposit, but actually force you to deposit £1000 during application. 

They make it sound like you MUST deposit £1000, but in fact, if you deposit less than that you will just earn a paltry interest - not the high interest.

Actually, in the FAQ section of their website they say we are welcome to make a test deposit of £1 before making any large deposit, as they do not support confirmation of payee.

I posted a link to the FAQ in an earlier post in this thread.

Yes that's actually my point, despite their FAQ saying that's it's not true. You can't continue the application without putting £1000 in as an opening balance. 

You have to say you will deposit £1,000. The application process will open the account with a zero balance - it doesn't actually force you to deposit £1,000. But I think they ask because if you said you were going to deposit less than £1,000, they would tell you the account was not suitable as balances below that only attract something like 0.01% interest.