Paragon via Raisin £50 cashback + £50 referral?

Hello, I understand I can get £50 cashback as explained here
https://www.moneysavingexpert.com/content/mse/msecom/en-gb/content/overlay/raisin-savings-products/paragon-easy-access/


In addition to that, Raisin promises £50 to refer a friend (£50 for me and £50 for them). Is this the same offer or can I get £50 as cashback + £50 for every friend that I successfully refer?
Also, can my friends use the referral + the cashback code?
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Comments

  • refluxer
    refluxer Posts: 3,154 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    If you search this forum for threads about Raisin, you'll see they're the last company you'd want acting as a middleman between you and your easy access cash.
  • trickydicky14
    trickydicky14 Posts: 1,206 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    refluxer said:
    If you search this forum for threads about Raisin, you'll see they're the last company you'd want acting as a middleman between you and your easy access cash.

    To be fair I have used Raisin for years now and to date, never had a problem. I currently have several accounts open with them. Two sides to every story.
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
  • jacoscar
    jacoscar Posts: 32 Forumite
    Tenth Anniversary 10 Posts Name Dropper Combo Breaker
    refluxer said:
    If you search this forum for threads about Raisin, you'll see they're the last company you'd want acting as a middleman between you and your easy access cash.

    To be fair I have used Raisin for years now and to date, never had a problem. I currently have several accounts open with them. Two sides to every story.
    Yeah, I search the forum but I couldn’t find any horror story.

    Any chance anyone knows the answer to my question?
  • Aidanmc
    Aidanmc Posts: 1,231 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    edited 25 April 2024 at 12:51PM
    jacoscar said:
    refluxer said:
    If you search this forum for threads about Raisin, you'll see they're the last company you'd want acting as a middleman between you and your easy access cash.

    To be fair I have used Raisin for years now and to date, never had a problem. I currently have several accounts open with them. Two sides to every story.
    Yeah, I search the forum but I couldn’t find any horror story.

    Any chance anyone knows the answer to my question?

    You can get the £50 cashback if new customer using code in MSE link and fulfill criteria.
    You can also get the £50 bonus for referring friends, up to 10 friends.
    terms here

  • jacoscar
    jacoscar Posts: 32 Forumite
    Tenth Anniversary 10 Posts Name Dropper Combo Breaker
    Aidanmc said:
    jacoscar said:
    refluxer said:
    If you search this forum for threads about Raisin, you'll see they're the last company you'd want acting as a middleman between you and your easy access cash.

    To be fair I have used Raisin for years now and to date, never had a problem. I currently have several accounts open with them. Two sides to every story.
    Yeah, I search the forum but I couldn’t find any horror story.

    Any chance anyone knows the answer to my question?

    You can get the £50 cashback if new customer using code in MSE link and fulfill criteria.
    You can also get the £50 bonus for referring friends, up to 10 friends.
    terms here

    Ok, but can friends use both referral and code from MSE?
  • Aidanmc
    Aidanmc Posts: 1,231 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    jacoscar said:
    Aidanmc said:
    jacoscar said:
    refluxer said:
    If you search this forum for threads about Raisin, you'll see they're the last company you'd want acting as a middleman between you and your easy access cash.

    To be fair I have used Raisin for years now and to date, never had a problem. I currently have several accounts open with them. Two sides to every story.
    Yeah, I search the forum but I couldn’t find any horror story.

    Any chance anyone knows the answer to my question?

    You can get the £50 cashback if new customer using code in MSE link and fulfill criteria.
    You can also get the £50 bonus for referring friends, up to 10 friends.
    terms here

    Ok, but can friends use both referral and code from MSE?
    I'm not totally sure, but dont think its possible as you can only use one of the links to apply

  • jacoscar
    jacoscar Posts: 32 Forumite
    Tenth Anniversary 10 Posts Name Dropper Combo Breaker
    Also, are these £50 reward payments taxable?
  • They aren't the best, I added money with a joint account but when the notice account closed I struggled to get the funds off, it kept bouncing. The same happened when they tried to pay me compensation. It worked when I withdrew manually but not through any automated means, they use a Starling back end system which seems to be a bit average. Although I could fund them with a sole account in future, I won't be bothering.
  • My six months with Paragon matured yesterday and I was pleased to see my £50 bonus added to my Raisin transaction account.
    I decided to close my paragon account which should take 2 business days.
    Today I have received my paragon balance in my raisin account but no accrued closing interest as promised in the t & c's.
    Balance in termination document from paragon is £10246.36 but balance transfer to Raisin is £10211.24
    Anyone else had this problem ? 
    TIA
  • jacoscar
    jacoscar Posts: 32 Forumite
    Tenth Anniversary 10 Posts Name Dropper Combo Breaker
    Mine should be maturing today, but I cannot log in due to a technical problem.

    @topcat105, what do you mean by accrued closing interest?

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