Stafford Railway BS Regular Saver - withdrawal

granta

I believe you can withdraw from this account without penalty as long as you leave minimum £25.

Now that Chip is 4.5% vs 4.4% for Stafford, I would like to withdraw all but £25. Does anyone have experience of this as I can't see how to do it online? I have one of their easy access so would be ok to transfer to that and then withdraw. Trying to avoid having to send passbook etc.

ForumUser7

granta said:

I believe you can withdraw from this account without penalty as long as you leave minimum £25.

Now that Chip is 4.5% vs 4.4% for Stafford, I would like to withdraw all but £25. Does anyone have experience of this as I can't see how to do it online? I have one of their easy access so would be ok to transfer to that and then withdraw. Trying to avoid having to send passbook etc.

SRBS is going up to 4.90% effective 1st August according to RS thread

£25 is minimum balance.

Withdrawals are limited to no more than 4 per Society year.

A deposit of between £25 and £500 must be received each month.

If you miss three deposits in a Society year your account will revert to our Pullman account.

You must post your passbook and a signed request to them, but if you nominate a bank account they can send you the funds via faster payment - still needs to be done through post.

Wheres_My_Cashback

But the rate for this a/c is increasing to 4.90% AER on 01 Aug.

Can I withdraw money?

Cash withdrawals are limited to £2,500 each day.

No notice is required for cash withdrawals up to £500. A minimum of 24 hours notice for cash withdrawals up to £2,500.

Withdrawals can be made by post (cheque only) and must include a signed letter requesting the amount needed by cheque and the passbook. A cheque will only be made payable to the account holder(s). 

Faster payments are available to a nominated bank account in the holder(s) name.

Minimum withdrawal allowed by cheque is £10.

Minimum CHAPS withdrawal £5,000 and will incur an administrative fee.

Withdrawals can be made in branch with the passbook.

Withdrawals are limited to no more than 4 per Society year.

Cheque and CHAPs withdrawals must be made to an account in your name.

Withdrawals will not be allowed without the passbook.

granta

Thanks both. I had forgotten about the increase. MY RS matures mid August I think so I will just wait and withdraw it all then. Was hoping there might be a non-postal solution doesn't seem to be the case.
You have to send a bank statement for BACs withdrawals so I will need to request one from one of my current accounts as most are digital.

Wheres_My_Cashback

granta said:

Thanks both. I had forgotten about the increase. MY RS matures mid August I think so I will just wait and withdraw it all then. Was hoping there might be a non-postal solution doesn't seem to be the case.
You have to send a bank statement for BACs withdrawals so I will need to request one from one of my current accounts as most are digital.

This is an indefinite a/c, no set maturity.

granta

Wheres_My_Cashback said:

granta said:

Thanks both. I had forgotten about the increase. MY RS matures mid August I think so I will just wait and withdraw it all then. Was hoping there might be a non-postal solution doesn't seem to be the case.
You have to send a bank statement for BACs withdrawals so I will need to request one from one of my current accounts as most are digital.

This is an indefinite a/c, no set maturity.

Ah, I had not realised. Thanks. Need to rethink strategy though knowing it will increase to 4.9% makes the need for withdrawal less urgent.

ForumUser7

granta said:

Thanks both. I had forgotten about the increase. MY RS matures mid August I think so I will just wait and withdraw it all then. Was hoping there might be a non-postal solution doesn't seem to be the case.
You have to send a bank statement for BACs withdrawals so I will need to request one from one of my current accounts as most are digital.

You're most welcome.

As above, this RS has no set maturity date. Same with the current issues from Darlington, Mansfield, Buckinghamshire, Ecology, Loughborough 2.5% (and possibly others, but cannot think of any more off the top of my head).

I was able to send them a digitally downloaded PDF to register my faster payment bank account. I emailed this over to them along with my signed form etc. The upload link didn't seem to work properly for me.

Band7 made a useful post about this, I've linked it - https://forums.moneysavingexpert.com/discussion/comment/80060969/#Comment_80060969

granta

ForumUser7 said:

granta said:

Thanks both. I had forgotten about the increase. MY RS matures mid August I think so I will just wait and withdraw it all then. Was hoping there might be a non-postal solution doesn't seem to be the case.
You have to send a bank statement for BACs withdrawals so I will need to request one from one of my current accounts as most are digital.

You're most welcome.

As above, this RS has no set maturity date. Same with the current issues from Darlington, Mansfield, Buckinghamshire, Ecology, Loughborough 2.5% (and possibly others, but cannot think of any more off the top of my head).

I was able to send them a digitally downloaded PDF to register my faster payment bank account. I emailed this over to them along with my signed form etc. The upload link didn't seem to work properly for me.

Band7 made a useful post about this, I've linked it - https://forums.moneysavingexpert.com/discussion/comment/80060969/#Comment_80060969

Ah brilliant thanks! That was exactly the kind of digital solution I was hoping someone would have experience of. 
Thanks to Band7 who i see is no longer with us. Did wonder where they had gone.

Wheres_My_Cashback

granta said:

ForumUser7 said:

granta said:

Thanks both. I had forgotten about the increase. MY RS matures mid August I think so I will just wait and withdraw it all then. Was hoping there might be a non-postal solution doesn't seem to be the case.
You have to send a bank statement for BACs withdrawals so I will need to request one from one of my current accounts as most are digital.

You're most welcome.

As above, this RS has no set maturity date. Same with the current issues from Darlington, Mansfield, Buckinghamshire, Ecology, Loughborough 2.5% (and possibly others, but cannot think of any more off the top of my head).

I was able to send them a digitally downloaded PDF to register my faster payment bank account. I emailed this over to them along with my signed form etc. The upload link didn't seem to work properly for me.

Band7 made a useful post about this, I've linked it - https://forums.moneysavingexpert.com/discussion/comment/80060969/#Comment_80060969

Ah brilliant thanks! That was exactly the kind of digital solution I was hoping someone would have experience of. 
Thanks to Band7 who i see is no longer with us. Did wonder where they had gone.

I wouldn't be so sure about that, she's still here if you look closely

Other indefinite include Nat West and RBoS Digitals.

granta

Oh I need to read more threads then to find a very knowledgeable poster! Have reduced my Forum time since the new site is less easy to read.