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Shawbrook FR ISA deposit
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Growingold
Posts: 471 Forumite

Hi
Min deposit for the FR ISA is £1,000.
On their website they say:-
We're not part of the confirmation of payee scheme, so your bank may tell you this when you try and make a payment. It's nothing to worry about.
For peace of mind, you may wish to make a small 'test' payment of £1. Once the payment has processed, you'll see it in your account.
I made a test deposit of £1. Will this show or not as the min opening deposit is meant to be £1,000 and if so how long do payments take to be credited so I can check?
Thanks
Min deposit for the FR ISA is £1,000.
On their website they say:-
We're not part of the confirmation of payee scheme, so your bank may tell you this when you try and make a payment. It's nothing to worry about.
For peace of mind, you may wish to make a small 'test' payment of £1. Once the payment has processed, you'll see it in your account.
I made a test deposit of £1. Will this show or not as the min opening deposit is meant to be £1,000 and if so how long do payments take to be credited so I can check?
Thanks
0
Comments
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Yes it will maybe next day or later over weekend they send a e-mail to say its landed or text
1 -
I did the same (for a non-ISA account). Seem to remember that the £1 was credited fairly quickly and then I added the other £999 the same day.1
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If deposited by 3.30pm it is applied the same day. I deposited my £1 to that ISA about 9pm and it was applied the next day about 10am.1
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It doesn't have a minimum deposit*, but you don't earn interest until the balance reaches £1k.
* T&C verbatim: Minimum account opening balance of £1,000.1
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