Vanquis bank savings ltd sort code

James_smith_2007

Hello,

I've just registered for a Vanquis bank savings account, the sort code they have given me to fund the account is 20-11-99, this comes up as a Barclays Bank sort code, should I be concerned?

Thanks 

Thrugelmir

Vanquis isn't a bank in the fullest sense. Barclays are their bankers. 

Speculator

They are a subsidiary of the Provident Financial Group

Albermarle

On the info from Aldermore Bank ( another smaller challenger bank) it says 'our sort code is ** ** **( this may show as Barclays , we partner with them as our clearing bank ) So same .

slam555

I read on one of Vanquis' review a concern from a saver about their account. This person said he/she could not access their account and is worried about their savings. Has anyone else heard anything similar?

wmb194

slam555 said:

I read on one of Vanquis' review a concern from a saver about their account. This person said he/she could not access their account and is worried about their savings. Has anyone else heard anything similar?

I can log into my account as usual and everything looks normal. Probably someone who’s jittery because they’ve locked themselves out of internet banking for a day. Even if Vanquis’ parent, Provident Financial, went bust as long as your deposit is within the FSCS coverage why would you worry anyway?

SeeMe

wmb194 said:

slam555 said:

I read on one of Vanquis' review a concern from a saver about their account. This person said he/she could not access their account and is worried about their savings. Has anyone else heard anything similar?

I can log into my account as usual and everything looks normal. Probably someone who’s jittery because they’ve locked themselves out of internet banking for a day. Even if Vanquis’ parent, Provident Financial, went bust as long as your deposit is within the FSCS coverage why would you worry anyway?

I am also thinking of vanquis as an option, i normally stick with the bigger better known players, so would be good to hear any recent reviews of Vanquis bank.

Albermarle

Vanquis reviews are not very good on Trustpilot , but that seems to be because part of their operation is issuing credit cards to people with poor credit histories, which inevitably is a business with some unhappy customers.

colsten

It's rare to find good reviews on Trustpilot because people are very quick with moaning, complaining and ranting, and not so quick to write a positive, or even a neutral review.

Owain_Moneysaver

James_smith_2007 said: 

I've just registered for a Vanquis bank savings account, the sort code they have given me to fund the account is 20-11-99, this comes up as a Barclays Bank sort code, should I be concerned?

Depending on your online banking, it should show you the name of the account holder you're sending to, which comes back as owned by Vanquis Bank Ltd (or similar) at Barclays.

Albermarle

colsten said:

It's rare to find good reviews on Trustpilot because people are very quick with moaning, complaining and ranting, and not so quick to write a positive, or even a neutral review.

Normally you are right but it is not always the case . Here are two for other challenger banks
https://uk.trustpilot.com/review/www.aldermore.co.uk
https://uk.trustpilot.com/review/chartersavingsbank.co.uk?page=4