Post by Collateral Rep on Jun 4, 2017 11:56:15 GMT
We are experiencing a time lag with our Santander account. We have spoken to the technical team at Santander and they are looking into it for us, hopefully it should be resolved quickly. The delays in processing deposits is with the bank, we will continue to process the deposits as soon as they land in our Client Account.
Hello Collateral Rep - I sent a request to withdraw my account's funds on Monday 29th rather than deposit anything into it, however it's still not come into my bank account today. Is there a delay on this too?
My early Sunday morning deposit took almost exactly 24 hours to reach Collateral; another deposit this morning landed within a few minutes. This experience (along with the missed investment opportunities yesterday) has been a powerful reminder how important swift and efficient money transfer arrangements are in the p2p world.
Our main hours are from 8AM until 7:30PM where we constantly monitor deposits, which we do manually. However we also keep an eye on deposits from as early as 6AM until gone 10:30PM, but not as frequently.
Another factor is the time it takes for the banks to confirm deposits which is out of our control, some banks take longer than others.
COL are the fastest in the universe. The other day I added some £ and did the transfer and then went onto the website to fill in the notification of deposit form and then I took a pause to have a sip of tea or scratch my arm or something and by the time I had refreshed the screen the funds were available for lending and I was able to grab beauties offering between 12 and 14 percent.
The challenge I have with this platform is finding the self-confidence to increase my stake because there are opportunities there at amazing rates of interest at the moment and why not, but on the other hand there is that understandable caution in the back of my mind about a newish platform and not knowing the ins and outs of the big Chiefs behind it all.
I am an active investor on the MT and COL platforms. I have a small % of my P2P funds tied up in suspended LY loans. All views I express are mine and mine alone and nobody should regard anything I write as financial advice (as if they would be so stupid!).