Putting Money Into Shawbrook and FSCS Limits

jaceyboy

Does anyone know the best time of day to put money across into Shawbrook? seems to take them age to receipt funds into the account, also I have £40k in an ISA with them, my wife has £20k, and we have £78k in our joint savings account, am I at risk of losing funds if they go under?

Thank you

TheBanker

The £78k is split 50/50 for FSCS purposes so £39k each.
That means you have £79k in total (£39 + £40). Your wife has £59k. So no problem with FSCS limits at the moment. 

jaceyboy

Great thank you

ranciduk

I generally transfer money to Shawbrook around 10am

i then get a text about 1:30pm from Shawbrook conforming they have received my money 

jaceyboy

ranciduk said:

I generally transfer money to Shawbrook around 10am

i then get a text about 1:30pm from Shawbrook conforming they have received my money 

Thanks, i just read their terms and conditions and seems you need to send funds before 15:30 otherwise you dont see funds credited until next working day and also dont start earning interest!

ranciduk

It’s not the best if you want ultra speedy transfers in and out 

not an issue for me personally