Vanquis Bank

jimexbox

techno12 said:

My rate appeared today (4.51% as expected) and my 'missing due to incorrect reference' 5k was returned to my nominated account today as well.

I'll probably put that back into Marcus for now rather than trying to send a further payment to Vanquis, as I suspect now that I'm properly up and running they won't allow further deposits.

I've made 5 or 6 payments over the last 5 days. You have a window when funds are accepted, so stick away whatever you want. 

Savings_Dave

Applied 8th Nov and still had no letters in the post...at this rate the 30 days to fund it will have elapsed...have sent an e-mail.

SPWaller

Did anyone else have to send them documentation and receive anything back yet?  

I sent mine off last Wednesday and haven't herd back yet, not sure how long I should be expecting to wait. Obviously can't even be 100% sure they will get back to me. 

I've got a back up account ready just in case this falls through but at a lower rate.

Millyonare

Took 2 weeks for ours to open. They are rubbish.

The_Green_Hornet

As an existing customer it took 2 minutes for mine to open  They are fine.

t1redmonkey

Mine was opened within minutes as well, no further documentation requested.

sham63

New customer, account opened immediately with no further checks required.

Ted_01

I applied on Monday, received the letter and account opened on Thursday.

techno12

Yup - the letter confirming my initial deposit arrived yesterday and indicated I could make further deposits, so I did, with my original "wrong reference" £5k. Was added to my account within hours so all good.

Guess there's a week or two window to make multiple deposits...

Savings_Dave

Still no letters after two weeks and no e-mail reply - had to phone after on hold for nearly an hour...have made some progress but still need a code in the post!

A question which I can't find an answer to - if I leave the monthly interest in the account as opposed to paying out to my nominated account would I earn interest on the interest or is it just the original deposit amount ? Thanks