Vanquis Savings

I've just set up a Vanquis Fixed Rate 2 Year Bond and had my nominated account verified. I've tried to transfer money to the account from my Halifax account but when I do this on the app, I get a warning message that it is a business account, am I doing something wrong or is this the correct process? Thanks in Advance

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  • la531983
    la531983 Posts: 1,672
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    Cant you send a quid first to see if their receive it? Should be no issue though if the details are correct.
  • wmb194
    wmb194 Posts: 3,117
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    jameswc said:
    I've just set up a Vanquis Fixed Rate 2 Year Bond and had my nominated account verified. I've tried to transfer money to the account from my Halifax account but when I do this on the app, I get a warning message that it is a business account, am I doing something wrong or is this the correct process? Thanks in Advance
    No, that's correct. You're sending it to Vanquis Bank Limited. Same process as with a lot of building societies and smaller banks, it's the same account number and sort code for everyone and then your account with Vanquis is distinguished by the reference.
  • Roger175
    Roger175 Posts: 132
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    la531983 said:
    Cant you send a quid first to see if their receive it? Should be no issue though if the details are correct.
    No. I tried putting in £5, but they rejected it and sent me an email saying the minimum deposit was £1,000. Frustrating as I always like to put in a small amount for security purposes. 
  • wmb194
    wmb194 Posts: 3,117
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    Roger175 said:
    la531983 said:
    Cant you send a quid first to see if their receive it? Should be no issue though if the details are correct.
    No. I tried putting in £5, but they rejected it and sent me an email saying the minimum deposit was £1,000. Frustrating as I always like to put in a small amount for security purposes. 
    That demonstrates that it arrived at the correct place (Vanquis).
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