The Top Regular Savers Discussion Thread

mhoc

Still persisting with Monmouthshire.
This morning I tried via the app asking it to send the code via email but each time it said the IOP was incorrect!
I then tried via text I am still getting double codes and the 2nd one let me in!
But it seems to dislike me logging out and then trying to log back in again a few minutes later as now I am getting no text codes and the codes via email are still not recognized. 
I cant log in online as it says my ID or password is not correct - they were only reset last week. 
I have one payment in one account set up online on the 26th and yesterday I sent one to the 2nd account as a test to see if it was possible - it is listed on the app. This so far has not bounced back to me but its not showing on the app either 
No letters from Monmouthshire yet 

I think I just need to ignore it all for now and hope things resolve themselves eventually or at least before the start of September.
And go away and make another Cahoot sunny days as a distraction technique  

Nick_C

Submitted a request to Virgin to close my matured RS on Friday (using the form to close a current account).  Still waiting.  Tried calling just now.  Agent said he would put a request through to the back office, but it would not be actioned until Friday or Monday.  

Eco_Miser

Nasqueron said:

nottsphil said:

clairec666 said:

20122013 said:

drphila said:

gt94sss2 said:

20122013 said:

These are the VM's Current accounts I can see on their website, which one is the cheapest / no frills account which qualifies for the VM RS account, please?

https://uk.virginmoney.com/current-accounts/pca/

M Plus, I believe. That's the conclusion I came to last year when I had to open a current account for the RS

 I only wanted to open one account and ended up with 2 now 3 :

- M Plus (MP)

- M Plus Saver  (MP S)

- Regular Saver (RS)

I have funded my RS account.  Do i need to fund the other 2 accounts as well?  and can I close the MP S account? 

You can close the current account and the regular saver will stay open. I used mine to switch out for a switching bonus. This resulted in the M Plus Saver also being closed, so I'm just left with the regular saver.

It's worth noting that VM make setting up new payees relatively easy, and the fact that your nicknames for them appear prominently in the payee list makes it quicker to pay multiple payees at the beginning of the month for those who like to do these things manually. 
Also, they let you override the payee account verification check (I believe it can take a working day for your new account to be registered) unlike Lloyds, who refused payment to my new Monmouthshire account today. VM now have that business...

VM happy to take the risk of a customer willingly giving their money to scammers and then asking for a refund when they lose it while Lloyds aren't. I know which of the 2 I'd trust with my funds

VM require a box ticked (from a long list) indicating what type of transaction you are making (own account, paying friend/relative, paying bill, paying employee, ... paying unexpected invoice, making refund) EVERY time you make a payment. I suspect those at the end of the list would trigger further questioning and more specific warnings.

Lloyds let me log in and send money with just a password and 'memorable data', VM require me to use a security token.

chris_the_bee

Nick_C said:

Submitted a request to Virgin to close my matured RS on Friday (using the form to close a current account).  Still waiting.  Tried calling just now.  Agent said he would put a request through to the back office, but it would not be actioned until Friday or Monday.  

Ditto, submitted 3 closure requests then phoned them just now. Incredible how it takes 7-9 days (hopefully) to close an account.

irregular_saver

Nick_C said:

Submitted a request to Virgin to close my matured RS on Friday (using the form to close a current account).   

Same here. Today the matured RS has disappeared from my list of accounts on the Virgin app. Still awaiting the final interest payment to my nominated account (Santander). 

In comparison my Progressive RS matured yesterday. Account closed and funds withdrawn to my nominated account within hours. 

crumpet_man

For those who have closed the matured Virgin RS, what was the interest received upon closure?  Not the total interest received, just the last payment.

Trying to work out if it is worth the time to phone up Virgin to close the account (already tried online, still waiting for it to be done) as all I am missing out on is the interest I could receive on the final interest payment.

zombie404

crumpet_man said:

For those who have closed the matured Virgin RS, what was the interest received upon closure?  Not the total interest received, just the last payment.

Trying to work out if it is worth the time to phone up Virgin to close the account (already tried online, still waiting for it to be done) as all I am missing out on is the interest I could receive on the final interest payment.

Got £26.66 yesterday when mine was closed 

Rheumatoid

crumpet_man said:

For those who have closed the matured Virgin RS, what was the interest received upon closure?  Not the total interest received, just the last payment.

Trying to work out if it is worth the time to phone up Virgin to close the account (already tried online, still waiting for it to be done) as all I am missing out on is the interest I could receive on the final interest payment.

I got £26.64 just transferred into my current and RS closed.

crumpet_man

Rheumatoid said:

crumpet_man said:

For those who have closed the matured Virgin RS, what was the interest received upon closure?  Not the total interest received, just the last payment.

Trying to work out if it is worth the time to phone up Virgin to close the account (already tried online, still waiting for it to be done) as all I am missing out on is the interest I could receive on the final interest payment.

I got £26.64 just transferred into my current and RS closed.

Thank you and to zombie404

I make that about 22p in lost interest in waiting until end of September for the account to close automatically.

schiff

I've had a letter from Monmouth today, surprisingly in today's poor Royal Mail service, dated yesterday, and with a second class return envelope! It's the signature requirement (even though I have the other RS on the go).
The letter says the T&Cs document is enclosed though it isn't, but that's not important.
Is it possible to pay money in in practice before they deal with the return of the signature letter? From peoples  experience on here?