benaj
Member of DD Central
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Likes: 1,591
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Post by benaj on Mar 1, 2019 11:09:38 GMT
Does anyone know how to find out information about queuing time on Lending Works? When new money is being matched, estimated matching time is updated on dashboard. Usually fully matched within a few days.
Z provides weekly email about queue and matching, although I am not interested Z products at the moment but Z queue is 0 days and matching time is 0 days for Core.
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Post by gravitykillz on Mar 1, 2019 11:22:11 GMT
You can contact lending works. But based on feedback and personal experience you are looking at around 4 weeks.
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Post by gravitykillz on Mar 1, 2019 11:23:33 GMT
Officially it states 1-7 working days. But that is a lie
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jontyab
Member of DD Central
Posts: 116
Likes: 79
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Post by jontyab on Mar 1, 2019 11:26:12 GMT
I've had 3 small test deposits totalling £1000 since '1-7 working days' was added to the site, The first two were matched/On loan within estimate, and I expect the third to match too (although It was only transferred in yesterday).
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Post by gravitykillz on Mar 1, 2019 11:35:09 GMT
Weird i deposited 1.5k on the 15th feb. Still waiting to be matched.
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benaj
Member of DD Central
Posts: 4,857
Likes: 1,591
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Post by benaj on Mar 1, 2019 19:37:02 GMT
I've had 3 small test deposits totalling £1000 since '1-7 working days' was added to the site, The first two were matched/On loan within estimate, and I expect the third to match too (although It was only transferred in yesterday). Hi jontyabWhat's your lending setting? "Invest my money" automatically or manually? Invest in: Both / 3 years / 5 years?
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Post by df on Mar 1, 2019 21:24:11 GMT
Does anyone know how to find out information about queuing time on Lending Works? When new money is being matched, estimated matching time is updated on dashboard. Usually fully matched within a few days. Z provides weekly email about queue and matching, although I am not interested Z products at the moment but Z queue is 0 days and matching time is 0 days for Core.Used to be more than a week and and some point they paused accepting any deposits to the platform until the queue normalised. But I can see why they don't have queues now - 4.49-5.14% without PF is not an attractive offer. Don't know why people still doing it - one can diversify across LW, AC access, GS, RS, LB, WL etc. with better overall return and PF protection.
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jontyab
Member of DD Central
Posts: 116
Likes: 79
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Post by jontyab on Mar 2, 2019 2:25:37 GMT
I've had 3 small test deposits totalling £1000 since '1-7 working days' was added to the site, The first two were matched/On loan within estimate, and I expect the third to match too (although It was only transferred in yesterday). Hi jontyab What's your lending setting? "Invest my money" automatically or manually? Invest in: Both / 3 years / 5 years?Automatically in 5 year only.
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Post by gravitykillz on Mar 9, 2019 13:18:31 GMT
Does anyone know if money can match over the weekends ? Or is interest ever paid over the weekend or is it only on weekday?
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Post by df on Mar 9, 2019 13:44:12 GMT
Does anyone know if money can match over the weekends ? Or is interest ever paid over the weekend or is it only on weekday? According to my transaction history the answer to both questions is NO.
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Post by Ace on Mar 9, 2019 15:10:14 GMT
Does anyone know if money can match over the weekends ? Or is interest ever paid over the weekend or is it only on weekday? According to my transaction history the answer to both questions is NO. I concur. Absolutely nothing happens at LW on weekends.
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