RBS Digital Regular Saver

schiff

This verification business is simply laughable. Setting up my SO to this new RS from my Santander account, I entered 'Royal Bank of Scotland PLC'. When I entered the sort code etc, THE ROYAL BANK OF SCOTLAND PLC appeared as the interpretation. But when I carried on my payee wasn't recognised. Thinking that the omission of THE and the capitals might be the problem, I amended the payee exactly as Santander had it. And that wasn't recognised either.

colsten

schiff said:

This verification business is simply laughable. Setting up my SO to this new RS from my Santander account, I entered 'Royal Bank of Scotland PLC'. When I entered the sort code etc, THE ROYAL BANK OF SCOTLAND PLC appeared as the interpretation. But when I carried on my payee wasn't recognised. Thinking that the omission of THE and the capitals might be the problem, I amended the payee exactly as Santander had it. And that wasn't recognised either.

The payee isn't 'Royal Bank of Scotland PLC' or 'THE ROYAL BANK OF SCOTLAND PLC' but yourself

veryintrigued

Is anyone else still waiting for their new account to be visible on their app?

From the successful application I expected this to appear with 24hours.

Herbalus

veryintrigued said:

Is anyone else still waiting for their new account to be visible on their app?

From the successful application I expected this to appear with 24hours.

Were you not told at the end of the application that they would appear in online banking on weds? I was told that for both RBS and NatWest. Not sure why but I’m not expecting them to appear yet. 

RG2015

veryintrigued said:

Is anyone else still waiting for their new account to be visible on their app?

From the successful application I expected this to appear with 24hours.

I have opened the NatWest one and I have a message in online banking including the following.

"Your DIGITAL REGULAR SAVER account will be ready to use tomorrow"

"Your standing order of £50.00 from your account, xxxxxxxx, sort code xx-x-xx every month starting on 28th

September2020 will be visible in Online Banking within two working days."

st182

Just to clarify something- we can only bung £50 a month in max with the standing order- to stop us all from popping a grand in then just £1 a month after that to maximise interest?
Proper n00b question, and I don't have a grand so it doesn't matter either way, but thought I'd still ask! 

colsten

Both, RBS and Natwest are sending out confusing and conflicting information over when this account is usable.

Whenever we will be able to see the account, or be able to change/delete/replace the SO for it, it won't really matter because it is a matter of pennies.

colsten

st182 said:

Just to clarify something- we can only bung £50 a month in max with the standing order- to stop us all from popping a grand in then just £1 a month after that to maximise interest?
Proper n00b question, and I don't have a grand so it doesn't matter either way, but thought I'd still ask! 

Did you read the T&Cs? Specifically, the term that talks about depositing more than £50 a month? How much are you hoping to gain by breaching the T&Cs?

st182

Mine appeared this morning, and I was able to adjust the standing order amount- I applied yesterday lunchtime  that is the natwest one though

crumpet_man

colsten said:

st182 said:

Just to clarify something- we can only bung £50 a month in max with the standing order- to stop us all from popping a grand in then just £1 a month after that to maximise interest?
Proper n00b question, and I don't have a grand so it doesn't matter either way, but thought I'd still ask! 

Did you read the T&Cs? Specifically, the term that talks about depositing more than £50 a month? How much are you hoping to gain by breaching the T&Cs?

No financial gain, just a feeling of smugness.