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TSB Dream Fund Prize Draw (September 2025)

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Comments

  • hoc
    hoc Posts: 605 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    flaneurs_lobster said:
    hoc said:
    A clever way for them to prop up the balance sheet for end of quarter reporting.
    Yep, and that prop is going to be shaved of my £5k at about 06:30am tomorrow.

    Reported on snapshot of quarter close. Not representative and that is precisely the point.

    danny13579 said:
    hoc said:
    A clever way for them to prop up the balance sheet for end of quarter reporting.
    Of course. You don't think they're doing it for our benefit, do you?  ;)

    Nobody here had picked up on it. This isn't like any other marketing campaign to gain customers.
  • MDMD
    MDMD Posts: 1,671 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    hoc said:
    A clever way for them to prop up the balance sheet for end of quarter reporting.
    Won’t have any impact as the double entry accounting means the extra asset (cash) will be matched exactly with liabilities (customer payables). 
  • winkowinko
    winkowinko Posts: 439 Forumite
    100 Posts First Anniversary Name Dropper
    So is it safe to withdraw yet?
  • danny13579
    danny13579 Posts: 1,382 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    winkowinko said:
    So is it safe to withdraw yet?
    You may want to rephrase that, ahem! 🫣

    The promotion has ended so yes, you can withdraw (your funds) safely.
  • hoc
    hoc Posts: 605 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    MDMD said:
    hoc said:
    A clever way for them to prop up the balance sheet for end of quarter reporting.
    Won’t have any impact as the double entry accounting means the extra asset (cash) will be matched exactly with liabilities (customer payables). 

    Obviously. That's simple Accounting. Balance sheet size is important in Finance. How deals are done in the Business world.
  • dcs34
    dcs34 Posts: 785 Forumite
    Eighth Anniversary 500 Posts Name Dropper
    What I love most about these types of competitions is the lack of confirmation from the bank regarding entries, leaving a few weeks of nagging doubt at the back of my mind about TSB's ability to produce an IT system capable of recognising £5k incremental deposits correctly...and drawing results fairly. Still, only a few weeks to wait until the disappointment comes!
  • winkowinko
    winkowinko Posts: 439 Forumite
    100 Posts First Anniversary Name Dropper
    dcs34 said:
    What I love most about these types of competitions is the lack of confirmation from the bank regarding entries, leaving a few weeks of nagging doubt at the back of my mind about TSB's ability to produce an IT system capable of recognising £5k incremental deposits correctly...and drawing results fairly. Still, only a few weeks to wait until the disappointment comes!
    Agreed. Some kind of confirmation receipt would have been nice.
  • ircE
    ircE Posts: 279 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    Good luck all... winners will be notified soon...
    I no longer check the forums as regularly as I used to. If you wish to catch my attention please remember to tag me (@ircE) so I get a notification.
  • winkowinko
    winkowinko Posts: 439 Forumite
    100 Posts First Anniversary Name Dropper
    Anyone been notified yet? 

    T's and C's mention by 20th November, so potentially a bit of wait still.
  • winkowinko
    winkowinko Posts: 439 Forumite
    100 Posts First Anniversary Name Dropper
    Just bumping this one again, in case anyone gets notified soon.
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