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Beware, LemFi did not advertise the paying in & withdrawal restrictions!
They have concurrent limits of:
£10,000 per day
£20,000 per week
£40,000 per month
Which applies to paying into and withdrawing from your LemFi account!
So to deposit £120k into this account, to maximise FSCS protection, one would need to split it up into 12 different paying in transactions, over 3 months, with no more than 2 a week.
But the cherry on the cake is, if you need to withdraw that amount, you'll be looking at the same timeframe!
Needless to say, I opened the account, then found this out, then closed it (which you need to call or email, and they still need to call you back.)
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