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Shawbrook 6 month fixed 2%

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  • SJMALBA
    SJMALBA Posts: 1,081 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 29 May 2022 at 2:28PM
    soulsaver said:
    SJMALBA said:
    Wracking my brain, here - might two people, with separate accounts, using the same mobile phone, be an issue? It hasn't with other banks, but...?
    You can't share a phone number on two account holders with Principality BS - one number works and the other fails.
    And it doesn't tell you why, either. 

    I suspect you may have found the cause. 

    Damn! I'll have to give them a call, and see what can be done... 🙁
  • soulsaver
    soulsaver Posts: 6,630 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 29 May 2022 at 2:38PM
    SJMALBA said:
    soulsaver said:
    SJMALBA said:
    Wracking my brain, here - might two people, with separate accounts, using the same mobile phone, be an issue? It hasn't with other banks, but...?
    You can't share a phone number on two account holders with Principality BS - one number works and the other fails.
    And it doesn't tell you why, either. 

    I suspect you may have found the cause. 

    Damn! I'll have to give them a call, and see what can be done... 🙁
    If it is the case, you may not need a 2nd phone; I use a low cost PAYG 2nd sim just for the Principality  (in a phone supporting dual sim) but maybe other opportunities to exploit the functionality.
  • Ultrasonic
    Ultrasonic Posts: 4,265 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Sea_Shell said:
    Sorry if it's already been asked...

    Do you have to pledge, up front, how much you're going to deposit, over and above the minimum, or is it an open window of time (7 days?) to add as much as you want?
    There is a question to state this when applying but I have successfully added more than I stated.
  • Sea_Shell
    Sea_Shell Posts: 10,030 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Opened!!   I'll send a test payment first, and then a further balance.   I'm assuming as the rate is currently showing a 0%, its because it has to be at least £1000 before it starts earning interest.

    They have some very odd security questions!!!!    
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • Sea_Shell
    Sea_Shell Posts: 10,030 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Is it OK that their bank name isn't being recognised by Lloyds?   Should I put Shawbrook Bank Ltd as payee?

    I've double checked the details.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • wiseonesomeofthetime
    wiseonesomeofthetime Posts: 2,532 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 29 May 2022 at 3:34PM
    I used my own name to deposit my funds with Shawbrook.

    You won't see your test payment until Monday. 
  • Sea_Shell
    Sea_Shell Posts: 10,030 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    I used my own name to deposit my funds with Shawbrook.

    You won't see your test payment until Monday. 
    Tried that, still didn't like it.   It recognises the sort code as correct, so i've just gone ahead (with my name) with £1 and will check on Monday.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • ranciduk
    ranciduk Posts: 729 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Sea_Shell said:
    Is it OK that their bank name isn't being recognised by Lloyds?   Should I put Shawbrook Bank Ltd as payee?

    I've double checked the details.
    Don’t worry it does that for most people 

    halifax said the same to me

    nothing to worry about 
  • Patr100
    Patr100 Posts: 2,784 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    if I recall, I also made a test payment of £1 and once that went through and showed up in the account (they usually send a confirmation text and email that an online document is  available on the account (a rather formal letter in pdf format  that also confirms the transaction) .Then you can top up  daily up to your nominated account's daily faster payments limit.
  • Ultrasonic
    Ultrasonic Posts: 4,265 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Sea_Shell said:
    They have some very odd security questions!!!!    
    I agree! I hate weird questions like that as it forces me to have to write the answers down or I'll never remember them.
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