Putting Money Into Shawbrook and FSCS Limits

jaceyboy
jaceyboy Forumite Posts: 186
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edited 19 June at 8:42PM in Savings & investments
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

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  • TheBanker
    TheBanker Forumite Posts: 1,587
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    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
    jaceyboy Forumite Posts: 186
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    Great thank you
  • ranciduk
    ranciduk Forumite Posts: 639
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    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
    jaceyboy Forumite Posts: 186
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    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
    ranciduk Forumite Posts: 639
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    It’s not the best if you want ultra speedy transfers in and out 

    not an issue for me personally 
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