Raisin extra £40 bonus terms and conditions

Hi

I have already opened a Raisin account using the MSE40 code but cannot open a savings account yet as it requires a passport number. I am awaiting my renewed passport to arrive, which will have a new number. On condition 4, it says to be eligible for the £40 you must open a savings account after my Raisin account is active but then further states you have until 24/02/23 to fund it. 

My question: 
I have an active Raisins account and will likely only be able to open the savings account after 31/01/23 but before 24/02/23. Will I still be eligible for the bonus?

Thanks. 

Please see the Terms and Conditions below:


  1. To be eligible to receive your £40 MoneySavingExpert bonus, you must use the promo code ‘MSE40’ whilst signing up for a new Raisin UK Account (enter this in the ‘promo code’ box) 12.00pm 24/01/23 and 12.00pm 31/01/23.
  2. You must provide a valid email address in the sign-up forms available as part of the promotion and successfully apply for and open a Raisin UK Account. A successful application requires you to pass AML/KYC checks by our service bank, Starling, and for your Raisin UK Account to become active.
  3. One registration per person allowed, and only one registration is valid per email address.
  4. After your Raisin UK Account has become active, you must then open a savings account with Raisin UK and successfully fund the new savings account with a minimum of £10,000. Your savings account must be fully funded by 11.59pm on 24/02/23.

Comments

  • masonic
    masonic Posts: 26,347 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 28 January 2023 at 9:12PM
    Yes, you've already 'signed up', so the remaining deadline that matters in the funding deadline. The account that qualifies is the first one you open, so some people have found that leaving a long delay between opening and funding can be problematic if the account in question has a more limited funding window (for example if it is closed to new applications shortly after you apply and the provider imposes a shorter than expected funding window). If you are going through identity verification and haven't yet applied for a savings account this should not be an issue.
  • masonic said:
    Yes, you've already 'signed up', so the remaining deadline that matters in the funding deadline. The account that qualifies is the first one you open, so some people have found that leaving a long delay between opening and funding can be problematic if the account in question has a more limited funding window (for example if it is closed to new applications shortly after you apply and the provider imposes a shorter than expected funding window). If you are going through identity verification and haven't yet applied for a savings account this should not be an issue.
    Brilliant thanks, hopefully I get my passport soon then so it's not too long of a period after I've signed up.

    Appreciate your response. 

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