GeorgeT
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Post by GeorgeT on May 24, 2017 22:22:16 GMT
I've got several other current accounts. Are MT ok about receiving money from a non-designated account or is there a problem with anti money-laundering rules? I have done this with no problem. Remember to flag up the deposit under Funds. Ignore the details of the "From Bank" just send it from any account. Oh that is very helpful indeed. I keep my spare cash in my bank deposit account and several times in the last couple of days I have transferred amounts into my current account in order that I could then transfer them to MT. I didn't realise I could transfer them directly from my bank deposit account without any problems. It would seem I have been doing twice as many transfers as necessary.ie. from deposit account to current account and then to MT.
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littleoldlady
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Post by littleoldlady on May 25, 2017 7:31:39 GMT
I have done this with no problem. Remember to flag up the deposit under Funds. Ignore the details of the "From Bank" just send it from any account. Oh that is very helpful indeed. I keep my spare cash in my bank deposit account and several times in the last couple of days I have transferred amounts into my current account in order that I could then transfer them to MT. I didn't realise I could transfer them directly from my bank deposit account without any problems. It would seem I have been doing twice as many transfers as necessary.ie. from deposit account to current account and then to MT. MoneyThing when SuperShuang gets a spare minute (ha ha) perhaps he could look at revising that page to make it clear. BTW what happened to this loan? I suspect that the Liverpool one may have used up a lot of lenders' available funds so I am no longer so sure you could fill it. It is currently much harder to get money out of your main rival to migrate it to MT. And is Southend still in the offing?
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Post by MoneyThing on May 25, 2017 8:21:43 GMT
Oh that is very helpful indeed. I keep my spare cash in my bank deposit account and several times in the last couple of days I have transferred amounts into my current account in order that I could then transfer them to MT. I didn't realise I could transfer them directly from my bank deposit account without any problems. It would seem I have been doing twice as many transfers as necessary.ie. from deposit account to current account and then to MT. MoneyThing when SuperShuang gets a spare minute (ha ha) perhaps he could look at revising that page to make it clear. BTW what happened to this loan? I suspect that the Liverpool one may have used up a lot of lenders' available funds so I am no longer so sure you could fill it. It is currently much harder to get money out of your main rival to migrate it to MT. And is Southend still in the offing? Morning. Regarding deposits - hold that thought for the time being as we are just in the process of looking to see if we can substantially automate the deposits process. Initial signs are positive, however there will be a few changes which lenders will need to do to achieve this. We will of course give plenty of notice of the changes once we have thoroughly tested everything. Southend is still on the table and being explored. Not a time critical loan. Regards, Ed
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oik
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Post by oik on May 27, 2017 14:55:35 GMT
I've got several other current accounts. Are MT ok about receiving money from a non-designated account or is there a problem with anti money-laundering rules? I have done this with no problem. Remember to flag up the deposit under Funds. Ignore the details of the "From Bank" just send it from any account. Cheers.
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copacetic
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Post by copacetic on May 27, 2017 16:43:22 GMT
Back on topic, if this loan is still in the pipeline something to watch out for is the 1st July deadline for the self assessment tax payment on account which might reduce the amount of funding available.
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metoo
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Post by metoo on May 27, 2017 17:05:00 GMT
Back on topic, if this loan is still in the pipeline something to watch out for is the 1st July deadline for the self assessment tax payment on account which might reduce the amount of funding available. I would have thought any funds needed as early as 1 July for tax payment (or indeed any payment deadline) shouldn't really rely on p2p SM liquidity.
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littleoldlady
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Post by littleoldlady on May 27, 2017 19:29:59 GMT
Back on topic, if this loan is still in the pipeline something to watch out for is the 1st July deadline for the self assessment tax payment on account which might reduce the amount of funding available. I would have thought any funds needed as early as 1 July for tax payment (or indeed any payment deadline) shouldn't really rely on p2p SM liquidity. I guess copacetic is referring to cash which might otherwise have gone into the loan but which needs to be held back for the very reason you mention.
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copacetic
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Post by copacetic on May 27, 2017 21:09:47 GMT
That's correct littleoldlady . Personally most of my income in the immediate future from other sources is being saved for council tax this month and income tax next. I'm only relying on SM liquidity for less important things like food.
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elliotn
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Post by elliotn on May 28, 2017 0:38:33 GMT
Looking at different SMs seems another biggie might be dependent on other redemptions and that may not necessarily fit in with the borrower's requirements (unless of course MT can find "private individual(s)" to substitute the primary market as they did with Edinburgh).
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