Ratesetter Release Delays

noClue

lol you guys made me wanna test this eh thing out, what is the minimum limit I can put in?

ZeroSum

noClue said:

lol you guys made me wanna test this eh thing out, what is the minimum limit I can put in?

£10

dont_look_now

noClue said:

lol you guys made me wanna test this eh thing out

Really?! This discussion makes me glad I have nothing in Ratesetter, rather than even a trivial amount, which it appears it would be a big faff to try to extract.

noClue

dont_look_now said:

noClue said:

lol you guys made me wanna test this eh thing out

Really?! This discussion makes me glad I have nothing in Ratesetter, rather than even a trivial amount, which it appears it would be a big faff to try to extract.

i was being sarcastic gif

margaretx9

Just a general inquiry here given the tips earlier - apologies if it comes across as a silly question!

How soon can you release unmatched ‘on market’ sums into your holding account (to allow a withdrawal) if there are no takers for your preset maximum 8% lending rate on the access account? Or is there a way you can action/move those funds yourself/sooner into your holding account?

ZeroSum

margaretx9 said:

Just a general inquiry here given the tips earlier - apologies if it comes across as a silly question!

How soon can you release unmatched ‘on market’ sums into your holding account (to allow a withdrawal) if there are no takers for your preset maximum 8% lending rate on the access account? Or is there a way you can action/move those funds yourself/sooner into your holding account?

Straight away. Just click on cancel offer 

wizzards

ZeroSum said:

margaretx9 said:

Just a general inquiry here given the tips earlier - apologies if it comes across as a silly question!

How soon can you release unmatched ‘on market’ sums into your holding account (to allow a withdrawal) if there are no takers for your preset maximum 8% lending rate on the access account? Or is there a way you can action/move those funds yourself/sooner into your holding account?

Straight away. Just click on cancel offer 

Yes if you click on "withdraw" on the menu you will see 

If you have something shown in "On Holding" and/ or "On Market" you can take the total sum of the On Holding and On Market out immediately.  If you have faster payments its pretty quick to transfer to your bank unlike zopa which takes 3 days.   I don't think for the "Access" account you can store the cash in the holding account.   I would just withdraw it.   The whole system is a bit of a pain at least for the access its "less accessible"  due to the current financial climate.  Its a real test of peer 2 peer ability to survive.

jefm

Ratesetter- Am i going to get my money back. asked for release on 17th March- still waiting. Every week 3000 people still ahead of me in the Queue. Now acquired by Metro. have written to the CEO and Customer services a number of times same old answer. Is there anything I can do? 

Aceace

jefm said:

Ratesetter- Am i going to get my money back. asked for release on 17th March- still waiting. Every week 3000 people still ahead of me in the Queue. Now acquired by Metro. have written to the CEO and Customer services a number of times same old answer. Is there anything I can do? 

Assuming you've set your reinvestment rate as high as possible and log in often to remove any repayments that have been automatically placed on market, then no, there's nothing else you can do.

Grogged

Currently the access/max queues go down between 20-80 per week. 5 year seems to paying far quicker, 200+ per week. Haven't anything in 1 year.

Currently looking at over 5 years as the max/access haven't moved from repaying 13 march since they started publishing daily updates.