The Old Regular Savers Discussion Thread 28/12/24-29/1/26

flaneurs_lobster

wmb194 said:

clairec666 said:

Another niche bank holiday point - as 2nd January is also a bank holiday in Scotland, I'm assuming it's best to avoid transferring to Scottish-based banks and building societies until Monday?

Not actually going to affect me at all, I was just curious. It'll be a 4-day weekend north of the border.

Whilst their branches will be closed in my experience with financial institutions and stockbrokers based in Scotland their online/behind the scenes processing follows the Bank Holidays in England and Wales.

E.g., Scottish BS: "Any online transfer requests after 2pm on Wednesday 24 December will be processed on Monday 29 December, and transfer requests after 2pm on 31 December will be processed on Friday 2 January."

https://www.scottishbs.co.uk/our-locations/

No longer have contacts with Scottish stockbrokers but TBH there's not much that could be called a Scottish Bank or Building Society left - those that are registered in Scotland are probably just Scottish BS, TSB and....er....

Those two process payments as having been received on their actual date so no problems.

BoS and RBS are both registered with Head Offices in Edinburgh but are, of course, parts of larger English-based Groups.

allegro120

wmb194 said:

clairec666 said:

Another niche bank holiday point - as 2nd January is also a bank holiday in Scotland, I'm assuming it's best to avoid transferring to Scottish-based banks and building societies until Monday?

Not actually going to affect me at all, I was just curious. It'll be a 4-day weekend north of the border.

Whilst their branches will be closed in my experience with financial institutions and stockbrokers based in Scotland their online/behind the scenes processing follows the Bank Holidays in England and Wales.

E.g., Scottish BS: "Any online transfer requests after 2pm on Wednesday 24 December will be processed on Monday 29 December, and transfer requests after 2pm on 31 December will be processed on Friday 2 January."

https://www.scottishbs.co.uk/our-locations/

Scottish BS
Does this relate to withdrawals only or both, withdrawals and deposits?

allegro120

Bob2000 said:

So, with it being a public holiday on the 1st, is there any point in me doing any transfers  into my RS accounts tomorrow?
I mostly do manually transfer.

This is my RS distribution for the next two days.
1st Jan - BoS, Darlington, Dudley, Halifax, Lloyds, Manchester, Melton, Nationwide, Newcastle, Principality, Scottish, TSB, YBS.
2nd Jan - Chorley, Co-op, Furness, Hanley, Loughborough, Mansfield, Market Harborough, Monmouthshire, Progressive, Saffron, Skipton, Virgin.

s71hj

I have now had a letter confirming Dudley branch RS open, account number etc. If I make a payment before the end of today will it count as my December payment and work to my advantage or am I best to just start tomorrow? 

Bridlington1

s71hj said:

I have now had a letter confirming Dudley branch RS open, account number etc. If I make a payment before the end of today will it count as my December payment and work to my advantage or am I best to just start tomorrow? 

According to my records the cut off time for payments to be received in order to be treated as having been received the same day is 6pm so you might be able to sneak a December payment in if you're quick.

Bob2000

allegro120 said:

Bob2000 said:

So, with it being a public holiday on the 1st, is there any point in me doing any transfers  into my RS accounts tomorrow?
I mostly do manually transfer.

This is my RS distribution for the next two days.
1st Jan - BoS, Darlington, Dudley, Halifax, Lloyds, Manchester, Melton, Nationwide, Newcastle, Principality, Scottish, TSB, YBS.
2nd Jan - Chorley, Co-op, Furness, Hanley, Loughborough, Mansfield, Market Harborough, Monmouthshire, Progressive, Saffron, Skipton, Virgin.

Ok, thanks for that. It seems like all my bank/BSs are in your list except penrith and RBS. I think penrith would be better served on the 2nd, and l assume RBS would go through  straight away being an internal  transfer  from the current account?

Happy New year to everyone  reading this post.

s71hj

Bridlington1 said:

s71hj said:

I have now had a letter confirming Dudley branch RS open, account number etc. If I make a payment before the end of today will it count as my December payment and work to my advantage or am I best to just start tomorrow? 

According to my records the cut off time for payments to be received in order to be treated as having been received the same day is 6pm so you might be able to sneak a December payment in if you're quick.

Completed mine and my wife's at 17.58, so Many thanks! I'll log in later and see if it shows as credited 

wmb194

flaneurs_lobster said:

wmb194 said:

clairec666 said:

Another niche bank holiday point - as 2nd January is also a bank holiday in Scotland, I'm assuming it's best to avoid transferring to Scottish-based banks and building societies until Monday?

Not actually going to affect me at all, I was just curious. It'll be a 4-day weekend north of the border.

Whilst their branches will be closed in my experience with financial institutions and stockbrokers based in Scotland their online/behind the scenes processing follows the Bank Holidays in England and Wales.

E.g., Scottish BS: "Any online transfer requests after 2pm on Wednesday 24 December will be processed on Monday 29 December, and transfer requests after 2pm on 31 December will be processed on Friday 2 January."

https://www.scottishbs.co.uk/our-locations/

No longer have contacts with Scottish stockbrokers but TBH there's not much that could be called a Scottish Bank or Building Society left - those that are registered in Scotland are probably just Scottish BS, TSB and....er....

Those two process payments as having been received on their actual date so no problems.

BoS and RBS are both registered with Head Offices in Edinburgh but are, of course, parts of larger English-based Groups.

Technically Lloyds Banking Group plc is registered as a Scottish company and it has a Scottish company number. It was part of HBOS' merger stipulations that its registered office and shareholder meetings needed to be in Edinburgh. The Lloyds Bank plc subsidiary appears to be registered as an English company whilst the Bank of Scotland plc subsidiary is registered as a Scottish company. Halifax is a division of BoS.

wmb194

allegro120 said:

wmb194 said:

clairec666 said:

Another niche bank holiday point - as 2nd January is also a bank holiday in Scotland, I'm assuming it's best to avoid transferring to Scottish-based banks and building societies until Monday?

Not actually going to affect me at all, I was just curious. It'll be a 4-day weekend north of the border.

Whilst their branches will be closed in my experience with financial institutions and stockbrokers based in Scotland their online/behind the scenes processing follows the Bank Holidays in England and Wales.

E.g., Scottish BS: "Any online transfer requests after 2pm on Wednesday 24 December will be processed on Monday 29 December, and transfer requests after 2pm on 31 December will be processed on Friday 2 January."

https://www.scottishbs.co.uk/our-locations/

Scottish BS
Does this relate to withdrawals only or both, withdrawals and deposits?

I don't know specifically but if withdrawals are being processed I'm guessing that deposits should be as well. I'm going to make my Scottish BS RS deposit in 02/01, I think it'll be fine.

allegro120

Bob2000 said:

allegro120 said:

Bob2000 said:

So, with it being a public holiday on the 1st, is there any point in me doing any transfers  into my RS accounts tomorrow?
I mostly do manually transfer.

This is my RS distribution for the next two days.
1st Jan - BoS, Darlington, Dudley, Halifax, Lloyds, Manchester, Melton, Nationwide, Newcastle, Principality, Scottish, TSB, YBS.
2nd Jan - Chorley, Co-op, Furness, Hanley, Loughborough, Mansfield, Market Harborough, Monmouthshire, Progressive, Saffron, Skipton, Virgin.

Ok, thanks for that. It seems like all my bank/BSs are in your list except penrith and RBS. I think penrith would be better served on the 2nd, and l assume RBS would go through  straight away being an internal  transfer  from the current account?

Happy New year to everyone  reading this post.

RBS is not on my list because I'm already up to £5k, so just collecting interest.  But I used to feed it by internal transfer and always avoided weekends.  They don't credit deposits at weekends, leave RBS for the 2nd Jan.