Virgin Money 10.38% regular monthly saver

trickydicky14

masonic said:

friolento said:

csw5780 said:

xylophone said:

 You are also free to withdraw the matured balance immediately upon maturity.

Just attempted this via on line banking - I was unable to do this (to linked account with Santander from which the regular payments to Virgin RS  had been made) on grounds that it exceeded the one off payment amount.

I resent having to waste time ringing Virgin.

There are no such limits on the app to any account and funds arrive via faster payment. 

I think the withdrawal limits only apply to people who don’t use the app and can therefore not go through the additional authentication VM require

I could not do it on the app (due to it crashing), but could do it on the website, so riddle me that!

Well I went online and VM would not let me take anything out of my regular saver without using the app. So I installed the app and withdrew the lot. Now I try to get back into my account using the app and it wont work.

ForumUser7

Middle_of_the_Road said:

MoneyMan01 said:

Am I missing something? 

Why are people opening this at 6.5% when there are others (both fixed and variable) at around 7%?

Are you all opening this one in addition to those ones, with say Co-Op for example?

Highly likely, lots of posters on here have from 20 to 40 regular savers.

40? Rookie numbers!

jimjames

xylophone said:

 You are also free to withdraw the matured balance immediately upon maturity.

Just attempted this via on line banking - I was unable to do this (to linked account with Santander from which the regular payments to Virgin RS  had been made) on grounds that it exceeded the one off payment amount.

Transferred the whole amount to my linked account with no issues but I was using the app.

Virgin website seemed to be struggling with the number of us opening new accounts though!

masonic

friolento said:

masonic said:

friolento said:

csw5780 said:

xylophone said:

 You are also free to withdraw the matured balance immediately upon maturity.

Just attempted this via on line banking - I was unable to do this (to linked account with Santander from which the regular payments to Virgin RS  had been made) on grounds that it exceeded the one off payment amount.

I resent having to waste time ringing Virgin.

There are no such limits on the app to any account and funds arrive via faster payment. 

I think the withdrawal limits only apply to people who don’t use the app and can therefore not go through the additional authentication VM require

I could not do it on the app (due to it crashing), but could do it on the website, so riddle me that!

 But you still need to have the app to get the higher (than £500/day) withdrawal limit 🤓. You need to have confirmed your online login through the app. It’s the VM approach to 2FA for (some of) their online banking

Figured that it was likely the app 2FA lifted the limit. Using the app only as an authenticator is fine by me, given it doesn't appear to like doing anything else today.

mebu60

ForumUser7 said:

Middle_of_the_Road said:

MoneyMan01 said:

Am I missing something? 

Why are people opening this at 6.5% when there are others (both fixed and variable) at around 7%?

Are you all opening this one in addition to those ones, with say Co-Op for example?

Highly likely, lots of posters on here have from 20 to 40 regular savers.

40? Rookie numbers!

Message reported to @Bridlington1

Rich2808

trickydicky14 said:

masonic said:

friolento said:

csw5780 said:

xylophone said:

 You are also free to withdraw the matured balance immediately upon maturity.

Just attempted this via on line banking - I was unable to do this (to linked account with Santander from which the regular payments to Virgin RS  had been made) on grounds that it exceeded the one off payment amount.

I resent having to waste time ringing Virgin.

There are no such limits on the app to any account and funds arrive via faster payment. 

I think the withdrawal limits only apply to people who don’t use the app and can therefore not go through the additional authentication VM require

I could not do it on the app (due to it crashing), but could do it on the website, so riddle me that!

Well I went online and VM would not let me take anything out of my regular saver without using the app. So I installed the app and withdrew the lot. Now I try to get back into my account using the app and it wont work.

I have been having issues with the VM app for some time - it just won't login on my iphone. Thankfully I can login via online banking with a text!

Are others having this ongoing app issue.

Also I assumed my account was now matured (i.e. on 31 July) - but online it is still showing a rate of 10.38%. Didn't open it until mid August 2024 - but I assume that doesn't affect the 31 July maturity date?

surreysaver

MoneyMan01 said:

Am I missing something? 

Why are people opening this at 6.5% when there are others (both fixed and variable) at around 7%?

Are you all opening this one in addition to those ones, with say Co-Op for example?

Because we've all already got all the accounts paying 7% and above.
You also need to bear in mind this is a fixed rate account with easy access, and some may prefer that over a higher interest variable rate account and/or one you cannot withdraw your money from 

mebu60

Rich2808 said:

trickydicky14 said:

masonic said:

friolento said:

csw5780 said:

xylophone said:

 You are also free to withdraw the matured balance immediately upon maturity.

Just attempted this via on line banking - I was unable to do this (to linked account with Santander from which the regular payments to Virgin RS  had been made) on grounds that it exceeded the one off payment amount.

I resent having to waste time ringing Virgin.

There are no such limits on the app to any account and funds arrive via faster payment. 

I think the withdrawal limits only apply to people who don’t use the app and can therefore not go through the additional authentication VM require

I could not do it on the app (due to it crashing), but could do it on the website, so riddle me that!

Well I went online and VM would not let me take anything out of my regular saver without using the app. So I installed the app and withdrew the lot. Now I try to get back into my account using the app and it wont work.

I have been having issues with the VM app for some time - it just won't login on my iphone. Thankfully I can login via online banking with a text!

Are others having this ongoing app issue.

Also I assumed my account was now matured (i.e. on 31 July) - but online it is still showing a rate of 10.38%. Didn't open it until mid August 2024 - but I assume that doesn't affect the 31 July maturity date?

You assume correctly. We should see the matured saver account tomorrow, VM system issues permitting.

allegro120

friolento said:

masonic said:

friolento said:

csw5780 said:

xylophone said:

 You are also free to withdraw the matured balance immediately upon maturity.

Just attempted this via on line banking - I was unable to do this (to linked account with Santander from which the regular payments to Virgin RS  had been made) on grounds that it exceeded the one off payment amount.

I resent having to waste time ringing Virgin.

There are no such limits on the app to any account and funds arrive via faster payment. 

I think the withdrawal limits only apply to people who don’t use the app and can therefore not go through the additional authentication VM require

I could not do it on the app (due to it crashing), but could do it on the website, so riddle me that!

 But you still need to have the app to get the higher (than £500/day) withdrawal limit 🤓. You need to have confirmed your online login through the app. It’s the VM approach to 2FA for (some of) their online banking

Today I've discovered that this rule is no longer enforced.  I've emptied my "05" platform online today. 

Online login has a text message option, so you don't need to have the app.

xylophone

Today I've discovered that this rule is no longer enforced.  I've emptied my "05" platform online today. 

I was unable to withdraw more than £500 this morning. I do not have the app because I do not use a smartphone.

I shall check the on line log in page again now.