baz657
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Post by baz657 on Feb 2, 2015 18:42:33 GMT
It's been an odd day today. S***********e P******y (89) paid up early (2nd Feb 2015 at 13:43) and as I've had Withdraw Repayments set for the last couple of days as expected the funds (plus interest) were added to my cash account.
However, I had a few stand-alone sales later on this afternoon of £100, £400 and £100. These were date stamped 2nd Feb 2015 at 13:58, 2nd Feb 2015 at 13:43 and 2nd Feb 2015 at 13:43. I would have expected these to also go direct into my cash account but they didn't and I had to manually move £600 (2nd Feb 2015 at 18:22).
Doesn't withdraw payments automatically work with stand-alone sales any more (if it ever did)?
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mike
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Post by mike on Feb 2, 2015 20:26:53 GMT
I made a recent sale with the same result. Guess that's how the system is designed. Would be better if an auto transfer worked. chris is there any particular reason it's designed like this? |
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star dust
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Post by star dust on Feb 2, 2015 20:30:26 GMT
It's been an odd day today. S***********e P******y (89) paid up early (2nd Feb 2015 at 13:43) and as I've had Withdraw Repayments set for the last couple of days as expected the funds (plus interest) were added to my cash account. However, I had a few stand-alone sales later on this afternoon of £100, £400 and £100. These were date stamped 2nd Feb 2015 at 13:58, 2nd Feb 2015 at 13:43 and 2nd Feb 2015 at 13:43. I would have expected these to also go direct into my cash account but they didn't and I had to manually move £600 (2nd Feb 2015 at 18:22). Doesn't withdraw payments automatically work with stand-alone sales any more (if it ever did)? You mean you are not familiar with Page 59 of the 'website comments & questions' thread  . I made the same mistake myself p2pindependentforum.com/post/31814/thread. Sales are not treated the same way as repayments, you have to 'manually' remove sale proceeds, and as far as I am aware there is still no button to temporarily pause all investments.
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Post by chris on Feb 2, 2015 20:34:30 GMT
It used to withdraw funds from sold loan units but after discussion on this forum it was decided that this was unexpected behaviour. The setting specifically refers to repayments and a loan sale is not a repayment. If you want to withdraw everything in this way then set a withdrawal target. With the MLIA this doesn't force the sale of anything it simply withdraws funds as loan units sell.
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baz657
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Post by baz657 on Feb 3, 2015 12:35:50 GMT
Not a problem and thanks for the answer chris. Everything had always been set to reinvest before so I'd not noticed. |
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. I made the same mistake myself 
