Skipton Building Society

wiseonesomeofthetime

14 days withdrawal quarantine completed, I now have access to the funds in my Online Bonus Saver and have performed a test withdrawal to each of my nominated banks to see how long it takes to hit my account, compared to Marcus.

Update:
1 hour 4 mins.

I can cope with that.

RG2015

wiseonesomeofthetime said:

14 days withdrawal quarantine completed, I now have access to the funds in my Online Bonus Saver and have performed a test withdrawal to each of my nominated banks to see how long it takes to hit my account, compared to Marcus.

Update:
1 hour 4 mins.

I can cope with that.

I have just initiated a test withdrawal which has the narrative, FP Wdl No Penalty. I will come back and provide an update when it has arrived. 

15 minutes and counting. Already it is 13 minutes slower than Marcus.

Okay, it has arrived in my NatWest current account after 35 minutes which is quite acceptable.

schiff

44 minutes for me, could have been quicker as I was only prompted to log back in to my nominated account by these comments. 

colsten

The withdrawals only get processed during working hours (9am to 6pm, I think) on working days. I requested my test withdrawal around 6:30 this morning and it arrived just before 10am.

You also need your nominated account(s) verified. You can have up to 2. My first one, at Santander, could be electronically verified by Skipton. They weren't able to verify my Starling account electronically and I have to go through further manual verification.

I have yet to test what time SOs do arrive.

Nick_C

Future dated withdrawals are a useful option, with one drawback.  You can't schedule a future withdrawal if the amount exceeds your current cleared balance. 

(My forward planning is meticulous.  I'm putting excess money into Skipton a couple of times a week but know I will need to withdraw a particular amount in three weeks time.)

colsten

Made another withdrawal, to Starling, as they record & display the incoming time. 16 minutes. Pretty good. 

wiseonesomeofthetime

One slight bug bear is that you cannot edit scheduled transactions, once created, only delete them.

I have one set to fund my Regular Savers, and the amount will change from month 3. As I cannot edit the amount after month 2, I have had to end date the first scheduled withdrawal, and create fresh for months 3-5.

No major drama tbh, and Skipton are not the only one that restricts standing orders in this way.

Perhaps I am spoilt by the few banks of mine that do allow it.

Interested to see what time Scheduled Transactions get processed though. I am sure someone will test that before me

ischris85

I wish I had seen this thread sooner shame the promotion has ended already.

quirkydeptless

ischris85 said:

I wish I had seen this thread sooner shame the promotion has ended already.

You've got to be quick with these accounts! I think this one was only around for 3 days.

I was looking at their 1% Flexible Cash ISA at the weekend. Looked on Tuesday ... it's gone!

Apart from that, very happy with how the Skipton account is operating and nice to have an App too

colsten

My test SO got actioned today, as scheduled. Payment arrived around 10:15 this morning.