Shawbrook Bank transfer issue

Growingold

Has Shawbrook Bank Gone Bust.?

It's asking and saying things like this jumping to conclusions without knowing all the facts that can send jitters through the banking industry and lead to runs on banks which may in turn lead to their collapse.  

redux

Statex2_2 said:

mr_accountant said:

Utterly ridiculous title headline it needs changing to shawbrook to yorkshire isa transfer issue

Exciting, no, accurate, yes

Remember Northern Rock anyone?

So what? There is no connection between the organisations or any similarity of circumstances

Try to resolve this properly with Shawbrook, instead of doing nothing for a month and then fabricating baseless smears on here.

Meanwhile how about retitling the thread, as already suggested above

TheBanker

In my experience, Shawbrook will reply to secure messages quickly - generally around 24 hours.

If your wife is concerned about her ISA transfer, I assume she sent them a secure message to ask what the problem was, especially given YBS told her to contact Shawbrook. So what did they say?

I can assure you they haven't gone bust through - they dealt with my ISA transfer request last week. 

redux

Statex2_2 said:

My wife has  a few thousand in an ISA account and because of low interest rates decided to transfer it to Yorkshire Building Society. After  a month Yorkshire sent me a message which stated that "Shawbrook are not in a position to proceed with the transfer". I also had an account with them and last November I transferred to another bank,
the transaction went ok. Have they gone bust or is there another reason, when I contacted Yorkshire they said I had to contact Shawbrook. There office is near where I live I may pay them a visit if I can't get them to answere the phpone. What do I do now, I need the money as I am moving and buying another house.

Statex2_2 said:

I never received an email or message explaining why the transfer failed in fact there is no record of it on my account. 

Perhaps part of the problem is that you seem a bit inconsistent about whose account you are talking about. Why would a transfer from one of your wife's accounts be supposed to generate an email message relating to yours? Did you try transferring between accounts in different person's names? How would moving to a different name account affect the ISA status? Can your wife do something about her accounts? 

km1500

Thread titles like this should be prohibited on this forum

MSE_ForumTeam5

We have amended the thread title in line with the forum rules

Statex2_2

I contacted YBS and they said the Isa transfer had to be abandoned because Shawbrook refused to transfer the money the reason being that Shawbrook said that account was abandoned and did not exist. Contacted Shawbrook who amde all sorts of excuseskm1500 said:

Thread titles like this should be prohibited on this forum

km1500 said:

Thread titles like this should be prohibited on this forum

Do you work for Shawbrrok ?

housebuyer143

Statex2_2 said:

I contacted YBS and they said the Isa transfer had to be abandoned because Shawbrook refused to transfer the money the reason being that Shawbrook said that account was abandoned and did not exist. Contacted Shawbrook who amde all sorts of excuseskm1500 said:

Thread titles like this should be prohibited on this forum

km1500 said:

Thread titles like this should be prohibited on this forum

Do you work for Shawbrrok ?

I find the staff tend to be clueless there but it doesn't mean the bank is going under. If you call back you will speak to someone else and get a different response just to confuse you more 😆

born_again

https://www.shawbrook.co.uk/direct/savings/fscs-protection/#:~:text=At Shawbrook, eligible deposits are,Services Register number: 204574).


So even if they did go bust you are covered. 🙋

https://www.fscs.org.uk/check/

km1500

km1500 said:

Thread titles like this should be prohibited on this forum

No I don't work for Shawbrook but am happy to correct my post ...

Thread titles like this are prohibited on this forum