MSE News: New sharia account offers 1.6% easy-access savings - but should you get it?

quirkydeptless

I'm thinking of using it as a RS feeder.


Can you schedule repeated payments out of this account in advance?

Sea_Shell

I'm confused!! Application went through on-line fine and I have my account details. It now says my account is open and I can make an initial transfer. However, they now say they need me to apply separately for internet banking (via a form, for which there is no return address shown).

The welcome email says that a welcome pack will follow in the post, and my log in details (if requested internet banking). I did tick YES for internet banking on the application, so is this part already done and doesn't need the separate form??

Anyway, can anyone whose been through a successful application clarify this for me, thanks.

I don't really like transferring money (especially £500) without being able to log on and see it arrived safely.

soulsaver

Sea_Shell wrote: »

I'm confused!! Application went through on-line fine and I have my account details. It now says my account is open and I can make an initial transfer. However, they now say they need me to apply separately for internet banking (via a form, for which there is no return address shown).

The welcome email says that a welcome pack will follow in the post, and my log in details (if requested internet banking). I did tick YES for internet banking on the application, so is this part already done and doesn't need the separate form??

Anyway, can anyone whose been through a successful application clarify this for me, thanks.

I don't really like transferring money (especially £500) without being able to log on and see it arrived safely.

You don't have to. I did £10 to prove I'd set it up correctly and, after seeing it applied to the ac, I then did the bigger one.

soulsaver

quirkydeptless wrote: »

I'm thinking of using it as a RS feeder.


Can you schedule repeated payments out of this account in advance?

From the menu it looks like you can set up future dated payments AND set up SOs...I haven't tried it though.

d63

i sent in an application for this account last thursday, but it got stalled at the stage 4 as has happened to some other people i gather. i tried again on friday and everything was fine and because i had an existing account with them (an ISA) it appeared as being open for use immediately. all well and good and i sent them the £500 as required. so whats the problem? well when i logged in this morning, oops! i now have TWO instant access accounts open. one with the £500, and another with £0 (and with contiguous account numbers (XXXX XXX6 and XXXX XXX7)
anyway, i shall phone them up later i guess and get it sorted out, but i was a little curious if anyone else had a similar experience?

soulsaver

d63 wrote: »

i sent in an application for this account last thursday, but it got stalled at the stage 4 as has happened to some other people i gather. i tried again on friday and everything was fine and because i had an existing account with them (an ISA) it appeared as being open for use immediately. all well and good and i sent them the £500 as required. so whats the problem? well when i logged in this morning, oops! i now have TWO instant access accounts open. one with the £500, and another with £0 (and with contiguous account numbers (XXXX XXX6 and XXXX XXX7)
anyway, i shall phone them up later i guess and get it sorted out, but i was a little curious if anyone else had a similar experience?

They're buried in enquiries & it's about a 10 minute wait to answer, atm.

quirkydeptless

Sea_Shell wrote: »

I'm confused!! Application went through on-line fine and I have my account details. It now says my account is open and I can make an initial transfer. However, they now say they need me to apply separately for internet banking (via a form, for which there is no return address shown).

The welcome email says that a welcome pack will follow in the post, and my log in details (if requested internet banking). I did tick YES for internet banking on the application, so is this part already done and doesn't need the separate form??

Anyway, can anyone whose been through a successful application clarify this for me, thanks.

I don't really like transferring money (especially £500) without being able to log on and see it arrived safely.

I got the welcome pack, but still not got my internet banking login details (I ticked Yes on the application).


Seems I have to send a form in.

Fingerbobs

quirkydeptless wrote: »

I got the welcome pack, but still not got my internet banking login details (I ticked Yes on the application).


Seems I have to send a form in.

When I phoned them last week, I was told they're introducing a new online banking system next month which can be applied for entirely online, and the postal form will no longer be required.

xylophone

I applied, opened and funded the account at the weekend.

On line password arrived but not ID - rang to enquire and ID provided by phone - was able to log in, change details, see initial deposit - all fine.

An easy and efficient process.

Biggus_Dickus

xylophone wrote: »

I applied, opened and funded the account at the weekend.

On line password arrived but not ID - rang to enquire and ID provided by phone - was able to log in, change details, see initial deposit - all fine.

An easy and efficient process.

Thanks for that ;...opened 2 separate accounts today for me and er’indoors. As quick and painless as any account opening procedure tbh,... apart from having to wait for the online log-in info via the post.... (I opened a couple of accounts with Investec Bank Online the other day and they require 9! Security questions/answers...it's a bleedin' marathon).

I immediately funded both accounts with an initial £500 which is the minimum required but obviously I can’t check its safe arrival just yet.

When I create a new ‘payee’ I always ‘copy&paste’ the sort code, account number and reference etc from the initial screen details that I receive. It eliminates typo’s and hasn’t let me down yet;

...famous last words, eh.