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Post by jonboy73 on May 23, 2016 8:47:42 GMT
Morning all,
Forgive me if this has already been answered, I have searched and not come up with anything.
I don't see anything in the Terms and Conditions about only having one account.
Is it possible to have multiple accounts? within the rules! I am not looking to get kicked off the platform.
Can I have a personal account and a company account? (Ltd company). - I would guess it is as the company is a separate legal entity, but I cant find anything in the T&C's to confirm it.
Thanks in advance.
JonBoy
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SteveT
Member of DD Central
Posts: 6,873 
Likes: 7,918
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Post by SteveT on May 23, 2016 8:55:27 GMT
Morning all,
Forgive me if this has already been answered, I have searched and not come up with anything.
I don't see anything in the Terms and Conditions about only having one account.
Is it possible to have multiple accounts? within the rules! I am not looking to get kicked off the platform.
Can I have a personal account and a company account? (Ltd company). - I would guess it is as the company is a separate legal entity, but I cant find anything in the T&C's to confirm it.
Thanks in advance.
JonBoy
Yes, both I and my company have SS accounts
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Post by jonboy73 on May 23, 2016 9:31:26 GMT
Thanks Steve,
any thoughts on multiple personal accounts. I have read the t&c's but don't see anything about it not being ok...
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SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
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Post by SteveT on May 23, 2016 9:49:36 GMT
Thanks Steve,
any thoughts on multiple personal accounts. I have read the t&c's but don't see anything about it not being ok...
Not tried that so suggest you drop SS Customer Service an email to check. I think they'd at least have to use different email addresses. [Thinking about it, I suspect you'd be limited to one per person, otherwise everyone could run multiple accounts to receive double allocations of smaller new loans]
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lofty
Posts: 101
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Post by lofty on May 23, 2016 10:08:20 GMT
Thanks Steve,
any thoughts on multiple personal accounts. I have read the t&c's but don't see anything about it not being ok...
Not tried that so suggest you drop SS Customer Service an email to check. I think they'd at least have to use different email addresses. [Thinking about it, I suspect you'd be limited to one per person, otherwise everyone could run multiple accounts to receive double allocations of smaller new loans] Oh, I'm pretty sure that already happens! 
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ben
Posts: 2,020
Likes: 589
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Post by ben on May 23, 2016 10:08:34 GMT
Why would you need multiple personal accounts? the only benefit from having multiple personal accounts would be to play the prefunding so that you get more and would like to hope that SS would not go down that route as would end up getting 50p a loan each by time we finished.
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Post by mattie on May 23, 2016 10:30:44 GMT
Why would you need multiple personal accounts? the only benefit from having multiple personal accounts would be to play the prefunding so that you get more and would like to hope that SS would not go down that route as would end up getting 50p a loan each by time we finished. I only have one SS account but I have other accounts on different platforms because I have a few different savings pots earmarked for different purposes. I may like to have an additional SS account because SS is my preferred platform at the moment. If you do contact them to find out if this is acceptable, please post the outcome!
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Post by jonboy73 on May 23, 2016 10:40:35 GMT
I suppose it could be abused, but I wasn't thinking of anything like that. taken to it's logical conclusion you could simply open up a hundred or more companies if that was your thing.
I simply want to have separation of funds to invest on behalf of my company. I could open an account with the company, but I travel a lot and the company account banking website is a pile of ..., it would cause me a problem funding the account within the time limits when new loans come in.
I'll email customer services as suggested and have a chat with them about what I am trying to do.
Thanks for your help all.
JonBoy
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ben
Posts: 2,020
Likes: 589
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Post by ben on May 23, 2016 10:48:25 GMT
I suppose it could be abused, but I wasn't thinking of anything like that. taken to it's logical conclusion you could simply open up a hundred or more companies if that was your thing.
I simply want to have separation of funds to invest on behalf of my company. I could open an account with the company, but I travel a lot and the company account banking website is a pile of ..., it would cause me a problem funding the account within the time limits when new loans come in.
I'll email customer services as suggested and have a chat with them about what I am trying to do.
Thanks for your help all.
JonBoy I can understand a different personal and company account but different personal accounts seems pretty pointless and all it will do is encouge people to sign up for several to get what they want on the prefunding or it may already be the case that lots of people already do
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SteveT
Member of DD Central
Posts: 6,873
Likes: 7,918
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Post by SteveT on May 23, 2016 10:52:57 GMT
I suppose it could be abused, but I wasn't thinking of anything like that. taken to it's logical conclusion you could simply open up a hundred or more companies if that was your thing.
I simply want to have separation of funds to invest on behalf of my company. I could open an account with the company, but I travel a lot and the company account banking website is a pile of ..., it would cause me a problem funding the account within the time limits when new loans come in.
I'll email customer services as suggested and have a chat with them about what I am trying to do.
Thanks for your help all.
JonBoy I can recommend Santander's business current account. It's entirely free of charges (at least, for what I use it for) and processes all Faster Payments instantanously, 24/7, both in and out. Both their internet banking website and their iPhone App work well.
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