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Vanquis Savings Bank

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Comments

  • Just to say that in my case it took 24 hours for Vanquis to send the email to acknowledge that I'd authenticated my nominated account - note that any monies deposited before this email is sent will be returned to the nominated account.
  • Bobblehat
    Bobblehat Posts: 822 Forumite
    Seventh Anniversary 500 Posts I've been Money Tipped! Name Dropper
    edited 28 October 2024 at 3:41PM
    This is all a bit confusing! After opening the EA account recently as a new customer, I received a letter about a week (actually only a few days) later containing my online User ID. The letter also mentioned that I should use the nominated account authorisation code "below in the letter". There wasn't a code!

    I decided to ring Vanquis and was told it would arrive in a separate letter. This slightly annoyed me as I had moved my intended deposit out of a savings account (paying less than Vanquis's EA) into a current account and I mentioned that it was sat there earning no interest waiting for the authorisation code to make the deposit. I was told that I did not have to wait and I could have made a deposit immediately after opening the account! 

    I was asked if I wish to have this delay logged as "Feedback" and I said it would be better as a "Complaint". Bottom line is ..... a week later I got a letter apologising, it confirmed that the wait to make a deposit was not needed, and would I like to accept £50 as compensation!
  • Aidanmc
    Aidanmc Posts: 1,402 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Anyone know if deposits to Vanquis Notice account arrive same day if sent on working day?
  • Aidanmc said:
    Anyone know if deposits to Vanquis Notice account arrive same day if sent on working day?

    Not in my experience, sorry to say.
  • Aidanmc
    Aidanmc Posts: 1,402 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Aidanmc said:
    Anyone know if deposits to Vanquis Notice account arrive same day if sent on working day?

    Not in my experience, sorry to say.

    Sent deposit this morning to Vanquis savings and it was showing in my account by 2.30pm,
  • Expotter
    Expotter Posts: 372 Forumite
    Third Anniversary 100 Posts Name Dropper
    edited 11 November 2024 at 8:27PM
    Aidanmc said:
    Aidanmc said:
    Anyone know if deposits to Vanquis Notice account arrive same day if sent on working day?

    Not in my experience, sorry to say.

    Sent deposit this morning to Vanquis savings and it was showing in my account by 2.30pm,
    Does anyone know if deposits made to the Easy Access account after 14:00 arrive on the same day?
  • 30mins ago I sent a deposit to Vanquis and just now got an email saying deposit received and credited.
  • I received an email saying that the interest on my 5 year bond was 1% and that ISAs were paying up to 5%. When I tried to transfer from the bond to an ISA online there was no provision to transfer bonds to ISAs. I phoned them but after a 45 minute wait pressed the button for a return call. I am still waiting 45 minutes later. I emailed them 7 days ago and am still waiting for a reply. Today is the last day for this year’s ISA allowance.
    This company pays competitive interest rates but it’s customer service is lousy.
  • slinger2
    slinger2 Posts: 1,064 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 4 April at 11:01AM
    The suspicion is that they're snowed under. I initiated a transfer to them over a week ago and have heard nothing.

    I see they've dropped their 1 year ISA fix from 4.51% to 4.42%.
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