The New Top Easy Access Savings Discussion Area

masca

@Mr._H_2 Thank you. I hope you get it sorted promptly. It's a useful test of Lemfi's support service, at least! Please let us know how you get on.

Mr._H_2

https://forums.moneysavingexpert.com/discussion/comment/81987957#Comment_81987957

Update on LemFi: I haven't heard back from support, but I tried installing the app on my wife's phone and everything worked fine. So I deleted and re-installed on my phone and all is well again.

When it's working, transfers in and out are speedy, but so far I have only tried on working days. It also looks like I could configure it to be able to send to multiple different bank accounts, which is a feature that some savings accounts lack (many only allow transfers out to a single linked account).

As primarily a money transfer app, they also have daily/weekly/monthly money transfer limits for both inbound and outbound transfers which may be problematic for some people; I do not know what the prospects are for having those limits increased (as in, can you just ask them to increase your limits, or are the limits fixed for everyone?)

BigBlueSky

https://forums.moneysavingexpert.com/discussion/comment/81988428#Comment_81988428

Thanks for the update. Do you know what the transfer limits are? - I was thinking of giving this a go for the 5% savings.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81988431#Comment_81988431

Assuming the limits are not personalised, outbound

Single txn limit - £10k

Daily - £10k

Weekly - £20k

Monthly - £40k

Mr._H_2

https://forums.moneysavingexpert.com/discussion/comment/81988431#Comment_81988431

Sure, for me the limits are:

Any single transaction in or out: £10k

Daily: £10k

Weekly: £20k

Monthly: £40k

Limits are the same for in/out and are independent (e.g. receiving £5k doesn't affect your outgoing limit)

There is a section in the app that shows clearly what your remaining amounts are under each limit.

BigBlueSky

https://forums.moneysavingexpert.com/discussion/comment/81988577#Comment_81988577

https://lemfi.com/en-gb/savings