Vanquis Bank

techno12

Why are people doing test payments? I intend to shove my £20k in as soon as the 2nd letter with "the code" arrives.

Don't get it..

vSDNv

If the info is of any use to anyone I opened a 3 year bond at 5% on the 7th. Sent a £1 test payment on the 8th and got an email rejecting it for being too low on the 10th which confirmed in my mind that I'd entered all details correctly. After the reject email I transferred part of my deposit also on the 10th. This deposit appeared in my account late on the 11th. And today (the 12th) I got an email thanking me for my deposit and my account is now showing an interest rate of 5%. Now all seems to be going OK I'll probably transfer the rest of my deposit on Monday.

Ted_01

techno12 said:

Why are people doing test payments? I intend to shove my £20k in as soon as the 2nd letter with "the code" arrives.

Don't get it..

My answer would be ...I have 99.99% trust in the electronic banking system, but not quite 100%. Another factor is human error, could there be an error in the banking details I have been given, or maybe I might enter the payment details wrongly when making a payment (which I actually did, lol , I didnt enter my account number in the payment ref ...in my defense I was probably being a bit casual because it was only a test payment). When sending 10's of thousands of your hard earn cash its nice to have some assurance.

meat_n2_reg

Always send small test payments for same reasons as Ted

Small test payments never reached account , however £1000 payment successful 

jimexbox

When's does the interest rate show? I now have 1k in my account, the rate box is still blank. 

vSDNv

jimexbox said:

When's does the interest rate show? I now have 1k in my account, the rate box is still blank. 

Mine appeared the following day alongside an email confirming the receipt of my deposit.

jimexbox

vSDNv said:

jimexbox said:

When's does the interest rate show? I now have 1k in my account, the rate box is still blank. 

Mine appeared the following day alongside an email confirming the receipt of my deposit.

Just received the email confirming receipt of funds. Most likely tomorrow for the rate to show now. I'm not depositing anymore until the rate is confirmed as the one I applied for. 

meat_n2_reg

Doing the same thing

 Vanquis online banking not fancy but for a fixed account don't really need to use much until account matures 

jimexbox

Interest rate is now showing, 4.51%. Which is correct as I have chose the monthly interest option 

meat_n2_reg

Interest rate now showing correctly and have added all funds I need to do