YBS Christmas Saver Maturity

FishInGlass

Aidanmc said:

FishInGlass said:

The way I read it I couldn't take out the full amount today. The indication was that I had to leave at least a pound there. I've therefore transferred all bar a couple of quid to my current account. Apparently this should arrive tomorrow.I also have no further withdrawals allowed until the 23rd January 2024. I can live with that.

Haven't done it myself, but in 'account options' there is a close account option

I was thinking of potential future member only offers as YBS seem to be quite good in this regard but thanks anyway.

Wheres_My_Cashback

fabsaver said:

Wheres_My_Cashback said:

Aidanmc said:

The interest has been added today.

Do YBS  automatically transfer it to savings account now?

The interest was 'added' 10 days ago and should be left there until they move it otherwise you might run into problems as others have done previously.

It looks like I may have volunteered to test their systems for them 

I'll report back on any problems I encounter with the money arriving in my current account or the remaining £1 being transferred.

There have already been many guinea pigs before you that ran into problems with deductions taken. See Reg saver thread.

Aidanmc said:

Wheres_My_Cashback said:

Aidanmc said:

The interest has been added today.

Do YBS  automatically transfer it to savings account now?

The interest was 'added' 10 days ago and should be left there until they move it otherwise you might run into problems as others have done previously.

The interest was 'added' to my account today, and i guess the debit is YBS transfer to saver acc.

Dated today, 'added' to the account page about 10 days ago as reported by people here. Quite standard for YBS to do this.

Vortigern

Aidanmc said:

The interest has been added today.

Do YBS  automatically transfer it to savings account now?

I suspect that rather than transferring your cash to a new account, YBS will simply rename your RS to Internet Saver 13 and you'll keep the same account number.

Aidanmc

Vortigern said:

Aidanmc said:

The interest has been added today.

Do YBS  automatically transfer it to savings account now?

I suspect that rather than transferring your cash to a new account, YBS will simply rename your RS to Internet Saver 13 and you'll keep the same account number.

I already have a Internet Saver 11 account with £1 in it. Maybe they transfer to that. Will see what happens tomorrow

mebu60

Aidanmc said:

Vortigern said:

Aidanmc said:

The interest has been added today.

Do YBS  automatically transfer it to savings account now?

I suspect that rather than transferring your cash to a new account, YBS will simply rename your RS to Internet Saver 13 and you'll keep the same account number.

I already have a Internet Saver 11 account with £1 in it. Maybe they transfer to that. Will see what happens tomorrow

They won't do that. From the email YBS sent you two weeks ago:
Your Christmas 2023 Regular e-Saver is maturing on 31 October 2023, so we're automatically transferring you to our Internet Saver Plus Issue 13 on 1 November 2023, in line with the terms and conditions of your account.

Tomorrow I will close the Issue 13 account and transfer the balance to my Six Access Loyalty account.

The reason I've not transferred already from the Christmas RS is that I'm assuming the interest that was added in advance is correct to 31 October therefore if the balance is reduced before then they may want to recover any overpaid interest. 

Kim_13

simonsmithsays said:

simonsmithsays said:

Wheres_My_Cashback said:

Aidanmc said:

The interest has been added today.

Do YBS  automatically transfer it to savings account now?

The interest was 'added' 10 days ago and should be left there until they move it otherwise you might run into problems as others have done previously.

Absolutely.

The interest has been on mine since last week.

I transferred, all but £300, from in last Thursday.

One thing which is off topic but YBS now allow DC payments to be made into their accounts via their app rather than just their website.

I noticed a change but on looking closely it seemed that that would be using Open Banking - still says Website Only for Debit Card.

I did redact a screenshot but can’t see how to attach it.

allegro120

I will be closing the issue 13 tomorrow first thing in the morning. Could anyone advise how long it takes for money to arrive? The reason I'm asking - tomorrow is the RS distribution day and I'd rather avoid making extra transactions if I can expect my £3072.86 to be in my feeder bank account tomorrow early enough to distribute it across my existing RSs.

Bridlington1

allegro120 said:

I will be closing the issue 13 tomorrow first thing in the morning. Could anyone advise how long it takes for money to arrive? The reason I'm asking - tomorrow is the RS distribution day and I'd rather avoid making extra transactions if I can expect my £3072.86 to be in my feeder bank account tomorrow early enough to distribute it across my existing RSs.

I've found withdrawals arrive the day after they are requested so if you request the withdrawal tomorrow it would arrive at some point on 2nd.

allegro120

Bridlington1 said:

allegro120 said:

I will be closing the issue 13 tomorrow first thing in the morning. Could anyone advise how long it takes for money to arrive? The reason I'm asking - tomorrow is the RS distribution day and I'd rather avoid making extra transactions if I can expect my £3072.86 to be in my feeder bank account tomorrow early enough to distribute it across my existing RSs.

I've found withdrawals arrive the day after they are requested so if you request the withdrawal tomorrow it would arrive at some point on 2nd.

Thank you @Bridlington1, you are a star! I'll proceed with my normal 1st of the month distribution routine as normal tomorrow.

subjecttocontract

Bridlington1 said:

allegro120 said:

I will be closing the issue 13 tomorrow first thing in the morning. Could anyone advise how long it takes for money to arrive? The reason I'm asking - tomorrow is the RS distribution day and I'd rather avoid making extra transactions if I can expect my £3072.86 to be in my feeder bank account tomorrow early enough to distribute it across my existing RSs.

I've found withdrawals arrive the day after they are requested so if you request the withdrawal tomorrow it would arrive at some point on 2nd.

Presumably that applies to withdrawals to feeder accounts & not to internal YBS transfers from issue 13 to Loyalty 6 Access accounts ?