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Raisin easy access account termination certifcate
rags58
Posts: 69
Forumite
I recently closed an easy access account with Raisin. A few days later my account was closed and my savings were paid into my nominated bank account. I then checked the termination certificate which gave details of when account opened and closed and final amount returned to me via Raison. I noticed a discrepancy of £31 between what was on the termination certificate and what Raisin sent to my nominated bank account. I checked my Raisin account to see if the underpayment was accounted for but could not find anything recorded that stated I was being charged a £31 fee. I have written to Raisin for clarification and as yet am waiting a reply. I wondered if anyone else has experienced something similar and is it common practice that a charge is not recorded in any of my accounts with Raisin.
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I closed a Monumement Bank Easy Access account with Raisin this week as the rate was not that competitive or particularly easy access. I got all the money I expected with no obvious fees. What I do need is an account closure statement for next years tax return.0
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Dugal thanks for the reply.
My easy access account was with the same bank and the reason for closing the account was the same as you. I initiated closure on the Thursday 17/4/25 when the rate dropped to 4.32% but due to the Easter bank holiday (Friday & Monday) the transfer to my nominated bank account was on the Wed 23/4/25. It was only a few days later when I looked at my Raisin acct that I noticed the termination certificate from Monument was for a different amount from the amount that Raisin sent me. I also checked the "pending" box in my acct but it states no further actions are due. I am also concerned that no final closure statement has been produced for HMRC purposes.
A statement would make all transactions transparent. Hopefully Raisin will reply to my query soon and clarify.
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