Ford Money and Aldermore - 'legit'?

Bigwheels1111

FindingBBob said:

Bigwheels1111 said:

Had various accounts with Ford money since 15/06/2018.
Never had any issues.
Just a heads up that withdraws take 2 working days.
If I can’t get the isbank deal I wanted on Tuesday I will found my Ford money option.

Not any more - make a request before 1pm, i think,  and you get it same day and I think deposits show up within a couple of hour now. they seemed to have upped their game a bit in recent months - though still not instant. But for Fixed, I think Ford are fine. 

You could be right Deposits took 2-3 hours today.
Thats me done for the next 3, 5 and 7 years.
5 year 5% fixed
5 year 4.85% fixed
7 year 4.5%   fixed
5 year 4.4%.  fixed
3 year 4.4% fixed isa.
A nice tax free income for me for the future, with no risk involved.

chubsta

Set up Ford yesterday at about 2ish and money showed up in the account after a couple of hours, set up the Aldermore one a little later, just after 3 and money has still not shown up in the account as of the next morning. It says on the Aldermore website that deposits can take a couple of days to show up but we are naturally a little apprehensive given how quickly the Ford deposit took.

Should we be worried or is it likely to be fine - its is a large deposit that we couldn't afford to lose so will be nervous until it shows up!

Albermarle

chubsta said:

Set up Ford yesterday at about 2ish and money showed up in the account after a couple of hours, set up the Aldermore one a little later, just after 3 and money has still not shown up in the account as of the next morning. It says on the Aldermore website that deposits can take a couple of days to show up but we are naturally a little apprehensive given how quickly the Ford deposit took.

Should we be worried or is it likely to be fine - its is a large deposit that we couldn't afford to lose so will be nervous until it shows up!

Normally with these smaller savings providers, it takes one working day for money to show up, even a bit longer sometimes. Ford seem to have recently speeded up their system, so you have seen it a bit quicker. 
You really have nothing to worry about with Aldermore .

chubsta

Albermarle said:

chubsta said:

Set up Ford yesterday at about 2ish and money showed up in the account after a couple of hours, set up the Aldermore one a little later, just after 3 and money has still not shown up in the account as of the next morning. It says on the Aldermore website that deposits can take a couple of days to show up but we are naturally a little apprehensive given how quickly the Ford deposit took.

Should we be worried or is it likely to be fine - its is a large deposit that we couldn't afford to lose so will be nervous until it shows up!

Normally with these smaller savings providers, it takes one working day for money to show up, even a bit longer sometimes. Ford seem to have recently speeded up their system, so you have seen it a bit quicker. 
You really have nothing to worry about with Aldermore .

Thanks for the reassurance - I am sure we will be ok but whilst I am reasonably happy my OH is in a panic as it is actually her money.
When we did the transfers we checked and triple-checked all the details backwards and forwards so there is hopefully no chance of any mistakes but will still not be comfortable until we see the balance go up! We did it via nationwide app and it does a check to make sure the details we have put in match and there were no problems there.
Hopefully it will show up today, not sure my OH would be able to cope with a weekend of not knowing!

chubsta

The suspense was killing us so gave them a ring - fortunately managed to get through to someone straightaway who said they could find no sign of the deposit but would look into it for us! Couple of hours later said they still couldn't find it but not to worry as if something was not correct it would be sent straight back to Nationwide and a common mistake with new deposits was someone using their Customer ID number instead of the account number (at that point we thought they were one and the same and the customer id was what we had used).
In short - checked Nationwide, money had indeed gone back in, sent a small amount to Aldermore as a test using the correct Account No. , it showed up in a couple of hours, sent the rest in the early evening and that showed up in the account the next morning (Saturday).
So, panic over, a simple mistake we had made but no harm done and very impressed with their Customer Service!

Albermarle

so gave them a ring - fortunately managed to get through to someone straightaway 

This is quite unusual nowadays, to get through so quick !

Xenon

Ford Money 
I use them and have never had any issues - website is pretty good,simple and clean

lpretro1

chubsta said:

Albermarle said:

chubsta said:

Set up Ford yesterday at about 2ish and money showed up in the account after a couple of hours, set up the Aldermore one a little later, just after 3 and money has still not shown up in the account as of the next morning. It says on the Aldermore website that deposits can take a couple of days to show up but we are naturally a little apprehensive given how quickly the Ford deposit took.

Should we be worried or is it likely to be fine - its is a large deposit that we couldn't afford to lose so will be nervous until it shows up!

Normally with these smaller savings providers, it takes one working day for money to show up, even a bit longer sometimes. Ford seem to have recently speeded up their system, so you have seen it a bit quicker. 
You really have nothing to worry about with Aldermore .

Thanks for the reassurance - I am sure we will be ok but whilst I am reasonably happy my OH is in a panic as it is actually her money.
When we did the transfers we checked and triple-checked all the details backwards and forwards so there is hopefully no chance of any mistakes but will still not be comfortable until we see the balance go up! We did it via nationwide app and it does a check to make sure the details we have put in match and there were no problems there.
Hopefully it will show up today, not sure my OH would be able to cope with a weekend of not knowing!

Set one up one with ford this week and it was very straighforward