The Top Easy Access Savings Discussion Area

Welshy213

ASL1 said:

Just re-read the email from Al Rayan when I first opened the account online it says:

What happens next?

We will send you a welcome letter in the post; please sign and return any documents contained within it.

I think it must mainly be for a signature specimen.

I got that over a week ago and nothing since, now with Santander so don't really need it.

Freebird53

clivep said:

Daliah said:

I can happily make transfers from my new Santander esaver to my Santander 123 Lite. Haven't tried making payments to an external account

Internal transfers from Esaver to 123 Lite also give an error. I had thought withdrawals may not be allowed for a few days after opening (as is the case with Tesco savings) but your experience disproves this.

My transfers from the Esaver to another bank were instant.

bettz

Thumbs_Up said:

ASL1 said:

A question. I opened the savings account with Al Rayan last week it is set up fully and funded.

Today I received a welcome pack in the post. There is one random page within the pack. It is titled 'Application for a Savings account'. It has prefilled my personal details (Section 1) and there is another section on Financial details and declaration (section 2), which talks about my initial payment and marketing preferences. There is then a space for me to sign and date.

Do I need to sign date this form and send back to Al Rayan in the prepaid envelope? None of the accompanying paperwork in the pack (and no email communication) indicates i need to complete this form and the account is  already fully open and funded?

I did mine on-line so did not receive anything in the post. They did send me a PDF document to sign and send back. Likely they need a specimen signature. However I have accidently deleted said PDF, I don’t think they will chase me on this. Would they?

I got this as well today opened online and all well so have just shredded it. 

Daliah

financialbliss said:

SFindlay said:

financialbliss said:

On hold to Santander now. There's a block on my eSaver preventing me withdrawing funds.

On a separte note, I looked at this thread yesterday when we were on page 797 thinking it could get to 800 pages - been some replies over the last 24 hours !

When did you open the account?? 

Erm, yesterday. eSaver was only available from yesterday. Two different CS agents confirm there's a block on my account. Still on hold (on speaker) dialing though to get this fixed. Gave up after an hour first time. This is second attenpt.

@financialbliss This number might be less painful to get through on: 0800 151 3151 (Santander Security)

callum9999

steveksullivan said:

callum9999 said:

Many people just leave their savings in their current account earning 0%. I think people on here often vastly overestimate the financial knowledge of the average person!

There will certainly be an outflow, but a large proportion won't be monitoring competing rates at all, let alone try chasing them. Perhaps the likes of Chase and Marcus already have more than enough deposits to cover their needs, so have no reason to raise the rates (though you'd have to assume with the continual rises that will change soon).

It's true that 'a large proportion won't be monitoring competing rates at all'  but i would suggest that those same people might not have spotted the likes of Marcus and Chase in the first place (certainly my brother and MIL wouldn't have if I hadn't told them ....)  so the sort of people who would 'be monitoring competing rates at all' will also be the first to exit these banks when rates change  .... ceratainly my Chase and Marcus accounts are now both empty ....

Does that make sense ?

It does make sense, but there are plenty of people who would have heard about Marcus/Chase opening from all the buzz/publicity at the time, switched and then not paid attention again. Not many people I know in real life "review" their finances either - they may have chosen them for being the best at the time, then just never bothered to check again.

Even a significant number of people on this forum - who are significantly more switched on with finances - are still using them because they don't want to go through the hassle of changing.

I'm sure they're doing just fine. 

Matt1510

ASL1 said:

Just re-read the email from Al Rayan when I first opened the account online it says:

What happens next?

We will send you a welcome letter in the post; please sign and return any documents contained within it.

I think it must mainly be for a signature specimen.

I got the same welcome pack informing me that my account is open. I didn't sign and return the letter. Why sign and return if the account is open?
Since, left a quid in and transferred all funds to Santander 

Thumbs_Up

trickydicky14 said:

Nice one Albert

I do like to play the role like uncle Albert on here though.

So basically I can’t educate my brother because he’s not interested in money.

I can’t interest you lot about ww2, because you lot are not interested in the war.

Should I find another forum?

financialbliss

Daliah said:

@financialbliss This number might be less painful to get through on: 0800 151 3151 (Santander Security)

Calling that number unfortunately. 1h 20m on hold and no longer funny.

callum9999

Daliah said:

financialbliss said:

SFindlay said:

financialbliss said:

On hold to Santander now. There's a block on my eSaver preventing me withdrawing funds.

On a separte note, I looked at this thread yesterday when we were on page 797 thinking it could get to 800 pages - been some replies over the last 24 hours !

When did you open the account?? 

Erm, yesterday. eSaver was only available from yesterday. Two different CS agents confirm there's a block on my account. Still on hold (on speaker) dialing though to get this fixed. Gave up after an hour first time. This is second attenpt.

@financialbliss This number might be less painful to get through on: 0800 151 3151 (Santander Security)

This isn't remotely targeted at you as many people on here do it (and I'm sure you're trustworthy!), but people REALLY need to stop calling random numbers given to them by strangers on the internet. I don't doubt this is the real number for Santander security, but it could just as easily be a scammer pretending to be Santander.

I'm surprised how often this happens on here given people seem pretty savvy about avoiding scams otherwise.

karlie88

For those getting errors/unable to withdraw from their Santander limited esaver.

Have you done a £1 test payment and then tried to withdraw the £1? If so, have you tried withdrawing £1 with a £2 balance instead?