Raisin Bank

Sea_Shell

Have you tried making a small test payment to your Raisin platform account?

They use faster payment, so it should show almost immediately.

You are not restricted to making one payment to the platform, but the payment must come from your linked account.

It will just then sit there if it isn't sufficient to fund a chosen account.

The "one" payment is usually in relation to funding the chosen account.

trailingspouse

Having seen the other thread on here about Raisin bank, I feel like I might have dodged a bullet. Will look elsewhere for a fixed rate bond. Many thanks for all your help.

trickydicky14

samantham06 said:

Do NOT give your money to raisin. Please see mine and others recent posts, and trust pilot reviews 

I have used them for years with no issues, you will always find folks who have a bad time with any setup.

antidises

I have been with Raisin for years and my income is only my UK state pension, therefore any thoughts as to funding having to be over a certain amount, do not hold water. 
I have successfully funded and then reinvested several times, in fact, I have today, re- invested an account which matured on 16/10 and it takes UP TO 2 DAYS  for the money to appear back into your Raisin holding account from where it can be sent back to your nominated account or re-invested. 
You have to fund the account from either money already held in your Raisin account OR by FASTER PAYMENTS from your originating bank. YOU CANNOT PAY ANY OTHER WAY. 
You can open a savings account before funding it but if the rate changes before funding. your nominated savings account will be closed and it can happen overnight or within a few hours. 
It works seamlessly if you read my post and do as I do. 
I have an account maturing in early November and I have picked a new account into which to have the money and interest transferred. If, in the meantime, the interest rate drops, that future account will be closed and I will be notified. If there is no change or just an upward change, the matured account funds will be automatically transferred to to bank as requested. It will show as unfunded until the money is accepted into the new bank. 

Eyeful

Did you spot this post is 10 months old, as was post before yours?

SomebodyToldMe

I tried to transfer funds into an account via raisin.
My bank conducted a safe search on the account and found it was unsafe, despite using the given bank details and using raisin and clearbank as bank names?
I had my account blocked and had to answer 100 security questions, so didn't bother in the end.

eskbanker

SomebodyToldMe said:

I tried to transfer funds into an account via raisin.
My bank conducted a safe search on the account and found it was unsafe, despite using the given bank details and using raisin and clearbank as bank names?
I had my account blocked and had to answer 100 security questions, so didn't bother in the end.

Are you referring to a failed Confirmation of Payee check (or more than one, if trying multiple names?) or a payment actually being held after you'd authorised it?  Which bank were you trying to pay from?

masonic

SomebodyToldMe said:

My bank conducted a safe search on the account and found it was unsafe

If that's what they told you then someone was spinning you a yarn. For future reference, you can confirm the bank providing the account using one of the sort code checkers on the internet. It will not always match the trading name of the firm providing services to you, so not providing a matching answer would not be a good indicator of the transaction being "unsafe". As I understand it, Clearbank accounts provided to Raisin customers are in the name of the customer, so that detail should match.

Bigwheels1111

Been using Raisin for 6 years 2 months and 17 days so far, I’ve invested over 200k in fixed accounts.
No problems whatsoever.
They even fund and payout faster now.
Still have a 7 year fixed rate bond with them, 5 years and 4 months to go.
Interest was paid out on the correct day and I transferred it into my bank same day last year.
Expecting to do the same in February when next interest payment is made.