Cynergy Bank, Yay or Nay?

subjecttocontract

I can put up with a lot of time consuming,awkward & clumsy banking for £2310 interest a year.😁

SuzieSue

subjecttocontract said:

I can put up with a lot of time consuming,awkward & clumsy banking for £2310 interest a year.😁

Yes, exactly.  They often offer the best rates, so you don't have any choice.  But if there were 2 accounts with exactly the same rate then I wouldn't choose Cynergy.

Expotter

SuzieSue said:

subjecttocontract said:

I can put up with a lot of time consuming,awkward & clumsy banking for £2310 interest a year.😁

Yes, exactly.  They often offer the best rates, so you don't have any choice.  But if there were 2 accounts with exactly the same rate then I wouldn't choose Cynergy.

I'd choose both, which I did, I want to make sure I'd always have access to at least one. Santander are well known for blocking payments.

SpanishBlue

In the past I sometimes had to scan the QR code more than once to logon, and that was frustrating.

However in recent months I find it works 1st time every time. Perhaps it has been upgraded?

It probably does take about 30 seconds more to logon than some other banks, but is that really a problem? Not unless you tend to logon several times a day I would have thought.

housebuyer143

Thanks all, just signed up. That was a darn sight easier than Santander. 👍

msallen

Expotter said:

I don't have a problem with it, takes me about 10 seconds. And I like the fact that they process payments on the same day, unlike others where it's next working day; also if you're a new customer it's easier to open than Santander (id verified electronically, no documents required).

Neither Santander nor Cynergy required documents to be sent in, but having applied for Cynergy today (to split cash across 2 accounts) I was then told I had to wait for up to a week for something to come in the post. Santander didn't do that.

housebuyer143

msallen said:

Expotter said:

I don't have a problem with it, takes me about 10 seconds. And I like the fact that they process payments on the same day, unlike others where it's next working day; also if you're a new customer it's easier to open than Santander (id verified electronically, no documents required).

Neither Santander nor Cynergy required documents to be sent in, but having applied for Cynergy today (to split cash across 2 accounts) I was then told I had to wait for up to a week for something to come in the post. Santander didn't do that.

Santander tell me I have a closed account from 7 years ago and because the addresses are different I have to post in all this information, such as Id, proof of address, change of details form 🙄 
By the time they receive it, process it and then send both letters to me it will probably be a month or more as royal mail is basically in strike most of November.