Raisin - Account verification & activation

topyam

How long does this take?

Think I have left it too late to avail of the £100 bonus offer, as account needs to be set up by Friday

flaneurs_lobster

The Refer a Friend bonus?

That's open until the end of the month.

HumberFlyer

The Refer a Friend bonus?............The info I have says open till 14 July

flaneurs_lobster

HumberFlyer said:

The Refer a Friend bonus?............The info I have says open till 14 July

Unless there's another one elsewhere, this is on their website

• Offer campaign is valid only for new referral registrations made between 06/05/2025 and 30/06/2025. Referrals made outside of this period will not qualify for this offer. New referral leads must fully register on Raisin UK between these dates.
• The person you've referred must open and fund their first account with a minimum £5,000 to qualify for the bonus. This account must be open and fully funded by 14/07/2025 to qualify.

https://www.raisin.co.uk/refer-friend-bonus/

topyam

No - the £100 for newbies if you open an account and deposit £10k

1. You must enter the promo code ‘WELCOME100’ whilst signing up for a new Raisin UK Account (enter this in the ‘promo code’ box) until midday 20/06/25.

2. After your Raisin UK Transaction Account has become active, you must then apply for and open a savings account with Raisin UK and successfully fund the new savings account with a minimum of £10,000. Your savings account must be fully funded by 11.59pm on 30/06/25.

3. If you open a fixed rate bond, the term length must be a minimum of six months. If you open an easy access savings account or notice savings account, you must keep this account open for a minimum of six months with a minimum balance of £10,000 throughout this time.

topyam

Am thinking the account needs to be approved by Fri...

flaneurs_lobster

Give it a go, most providers will be able to do Id verification in a few minutes if they can use the usual online methods.

Not sure I'd want (or be able to) tie up £10K for six months just for the sake of £100, although I suppose the way to consider it is as a 2% APR bonus (is that right?) on whatever rate the savings account is paying for the 6 months.

topyam

Its top 1yr fix is 4.37%* and top easy-access is 4.25%*. These rates are beatable, until you factor in the cashback... on £10,000 over a year, it adds the equivalent of 1% point. 

From mse..