Paragon - paying into ISA or Savings account?

boco803

I know it currently says on their site that to make a payment, you need to use your full name as the name of the account and mark it as personal.

However, for an account I opened around this time last year, the sort code and account number is the same as currently shown, but on that occasion, we were advised to mark as a business account and use Paragon Bank plc as payee.

Wouldn't this cause a problem?

Have anyone recently funded a Paragon account?

grumpy_codger

I guess you need some unique reference as well. And, I think, they made their system compatible with COP - that's why it's a 'personal' account now. Try creating a new payee from your current account and you'll see in the process whether the COP really works.

boco803

grumpy_codger said:

I guess you need some unique reference as well. And, I think, they made their system compatible with COP - that's why it's a 'personal' account now. Try creating a new payee from your current account and you'll see in the process whether the COP really works.

Think you've hit the nail of the head ... thanks.

20122013

Does any know how to check emails from Paragon are genuine? Does it include your full account number and username and the bank details to use to make a deposit ? should there be a reference number (eg from an account opening application) ?

refluxer

20122013 said:

Does any know how to check emails from Paragon are genuine? Does it include your full account number and username and the bank details to use to make a deposit ? should there be a reference number (eg from an account opening application) ?

Judging by the last time I opened an account with Paragon (end of 2023) - when you open an account, they usually sent you a 'Thank you for your application' email which contains their banking details plus your application reference, which you can also use as an account number if you want to make a deposit before the proper account number is generated. Once that happens (usually a day or so later), they'll send you a 'Welcome to your new Paragon account' email to let you know your account is up and running and it should be visible in online banking. That email doesn't include your proper account number so you'll have to log in to online banking for that.

Their general emails (interest rate or T&Cs changes etc) don't contain any account or personal ID information. 

What are you concerned about ?