The Top Regular Savers Discussion Thread

s71hj

allegro120 said:

s71hj said:

flaneurs_lobster said:

s71hj said:

Re Monmouthshire, I got 2 RS accounts as many on here and my wife one. I made 500 payment in last night to my two and my wife's. Interestingly enough only one of my two is currently showing in the app

Interesting - to be clear, you had two RS showing in the app and now one of them has been removed?

Still showing but the 500 is only showing in one of them

Re Monmouthshire
Have you checked you feeder bank account?  My £500 was returned next day (late afternoon) after deposit. The account is still showing.

I had and it hadn't bounced back but now it has. So their processes are presumably sophisticated enough to not allow 2 to be funded even if they will allow 2 to be opened 

flaneurs_lobster

s71hj said:

So their processes are presumably sophisticated enough to not allow 2 to be funded even if they will allow 2 to be opened 

Maybe, but I've got one with £500 in and the second has a quid. 

I've probably broken it by paying £500 to the second today, rather than the £499 I actually meant to send.

Kim_13

Dudley Loyalty RS passbook arrived today, listing my cheque deposit and an FP I sent once the account appeared online. Exactly a week from posting application to receipt of passbook.

gt94sss2

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

Either:

a) Your account goes into overdraft and FD text you asking you top up your account that day to avoid any interest; or

b) they text you saying they won't make the payment unless the money is there by a certain time when they will retry it 

If you haven't, you can turn on notifications for the current account in the app as well.

SJMALBA

where_are_we said:

Mon RS 8 @6%. Applied online on Friday. Got confirmation email same day. Nothing in post yet. Got put off installing the app so instead I then sent an online secure message last night requesting account number. I have just checked my online messages and commendably they replied with the necessary account number. Then deposited £500 for July to new account and cop worked.

Likewise, applied Friday morning, 2 emails but nothing else.

After seeing your post, and assuming it would be too late to go down the secure message route (for deposit today), I phoned Mon BS (circa 14:15) who confirmed that the account was open, and that paperwork had been posted on Saturday. I asked if I could get the account number, but was told that they can't give it out over the phone, but could do so via secure message - I asked if I would likely get a reply today, and she said yes.

I sent a secure message, and 6 minutes(!) later, got a reply with the account number - new payee set up, COP worked, money sent. 

Thanks for the heads-up, @where_are_we

snow62

MonBS letter with signature form arrived today.  Not sure why they felt the need to send a full-sized envelope, folded into four - surely that costs them more (large letter).  Dug out smaller one from previously as it's easier to post into the small letter box up the road. Added account online, now showing as 'Pending'.  Sent payment even though letter says won't be able to transact until signature form is received; however, CoP fine so hope it's credited today.

Nasqueron

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

The RS is usually open within a day in my experience, I normally move the funds out to a better rate and leave the £300 in the FD account ready to go

I took the money from their basic saver on 22nd (Thur) as soon as the money was moved there, opened the new account and the first deposit was taken the same day 

allegro120

Aidanmc said:

Just applied for my first ever First Direct RS. 

Says it may take 3 working days to open and first deposit will be taken then.

I set monthly deposit at £300. If it happens there is no cash in the FD current account at the time deposit is to be taken, what happens?

The payment should go through and they will ask you to restore your balance.  If you have notifications turned on you will be notified on your phone, if not, you'l need to login every morning until it's done.  SOs are normally paid very early in the morning.  FD is much quicker with processing RSs than they used to be, so it is likely yours could be opened tomorrow.

veggieblob

snow62 said:

MonBS letter with signature form arrived today.  Not sure why they felt the need to send a full-sized envelope, folded into four - surely that costs them more (large letter).  Dug out smaller one from previously as it's easier to post into the small letter box up the road. Added account online, now showing as 'Pending'.  Sent payment even though letter says won't be able to transact until signature form is received; however, CoP fine so hope it's credited today.

I had exactly the same.  The payment took 2 days to show in the account but it was backdated to the date it was sent.

allegro120

s71hj said:

allegro120 said:

s71hj said:

flaneurs_lobster said:

s71hj said:

Re Monmouthshire, I got 2 RS accounts as many on here and my wife one. I made 500 payment in last night to my two and my wife's. Interestingly enough only one of my two is currently showing in the app

Interesting - to be clear, you had two RS showing in the app and now one of them has been removed?

Still showing but the 500 is only showing in one of them

Re Monmouthshire
Have you checked you feeder bank account?  My £500 was returned next day (late afternoon) after deposit. The account is still showing.

I had and it hadn't bounced back but now it has. So their processes are presumably sophisticated enough to not allow 2 to be funded even if they will allow 2 to be opened 

In my understanding the ones opened online are not opened for transactions until they receive your wet signature back. The ones opened in the app can be funded straight away.