travolta
Member of DD Central
Posts: 1,506
Likes: 1,214
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Post by travolta on Nov 7, 2019 10:03:40 GMT
.......my bet is beh. beh.beh. available in yr account :TUESDAY !
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Post by tigerbalm on Nov 7, 2019 12:33:22 GMT
My email, received last night (6th) says payments will happening today (7th). Seems to have taken a very long time to mention that payments were not actually being processed !
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quidco
Member of DD Central
Posts: 295
Likes: 361
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Post by quidco on Nov 7, 2019 13:20:37 GMT
Normally the slow BACS type payments happen in overnight processing which was why I was expecting payment this am: i guees it could still happen today
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Post by rhea117 on Nov 7, 2019 16:04:42 GMT
I was hoping by 4pm, maybe today. Still nothing.
So they have sat on c£10m for months. What is a few extra days to them?
£10m x 1.5% easy access (ave rate) is £411 per day. Probably a nice bottle of wine at their 5 star evening meal when they can have a good laugh at our expense.
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neeps
Posts: 81
Likes: 120
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Post by neeps on Nov 7, 2019 16:08:30 GMT
I was hoping by 4pm, maybe today. Still nothing. So they have sat on c£10m for months. What is a few extra days to them? £10m x 1.5% easy access (ave rate) is £411 per day. Probably a nice bottle of wine at their 5 star evening meal when they can have a good laugh at our expense. Bring on today's lame excuse......
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Post by patright on Nov 7, 2019 16:14:04 GMT
Honestly, I don't understand any of it at this point Did anyone try an international withdraw by any chance and receive any money? Am I understanding correctly that no one actually received any money yet in their actual bank account?
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greatmarko
Member of DD Central
Posts: 343
Likes: 373
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Post by greatmarko on Nov 7, 2019 16:20:33 GMT
The wording in yesterday's email was a little ambiguous:
"Due to the continued RSM control and assurance checks on the withdrawals set up on 30 October 2019 and 31st October 2019, these withdrawals will be delayed until tomorrow (Thursday 7 November 2019)"
It didn't specifically state that withdrawals will be paid out today (although that would have been my assumption).... the wording they used could also infer that they haven't even started looking at the process of withdrawals until today, and so we shouldn't expect funds to land in our bank accounts for another 5 working days starting from today. ...I really hope I'm wrong on that though!
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Post by patright on Nov 7, 2019 16:24:07 GMT
The wording in yesterday's email was a little ambiguous: " Due to the continued RSM control and assurance checks on the withdrawals set up on 30 October 2019 and 31st October 2019, these withdrawals will be delayed until tomorrow (Thursday 7 November 2019)" It didn't specifically state that withdrawals will be paid out today (although that would have been my assumption).... the wording they used could also infer that they haven't even started looking at the process of withdrawals until today, and so we shouldn't expect funds to land in our bank accounts for another 5 working days starting from today. ...I really hope I'm wrong on that though! Jesus..and personally I did not receive this email at all either there is really something wrong with this process not to mention that recovery are actually very little to be honest
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neeps
Posts: 81
Likes: 120
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Post by neeps on Nov 7, 2019 16:25:20 GMT
The wording in yesterday's email was a little ambiguous: " Due to the continued RSM control and assurance checks on the withdrawals set up on 30 October 2019 and 31st October 2019, these withdrawals will be delayed until tomorrow (Thursday 7 November 2019)" It didn't specifically state that withdrawals will be paid out today (although that would have been my assumption).... the wording they used could also infer that they haven't even started looking at the process of withdrawals until today, and so we shouldn't expect funds to land in our bank accounts for another 5 working days starting from today. ...I really hope I'm wrong on that though! Oh no, don't give them ideas! They might not have thought of that one
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Post by tigerbalm on Nov 7, 2019 16:29:48 GMT
I certainly read it that they would initiate the transfers today (7th) and we would receive them in the 'normal' transfer time of the bank involved.
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stokeloans
Member of DD Central
Posts: 402
Likes: 485
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Post by stokeloans on Nov 7, 2019 16:40:37 GMT
The wording in yesterday's email was a little ambiguous: " Due to the continued RSM control and assurance checks on the withdrawals set up on 30 October 2019 and 31st October 2019, these withdrawals will be delayed until tomorrow (Thursday 7 November 2019)" It didn't specifically state that withdrawals will be paid out today (although that would have been my assumption).... the wording they used could also infer that they haven't even started looking at the process of withdrawals until today, and so we shouldn't expect funds to land in our bank accounts for another 5 working days starting from today. ...I really hope I'm wrong on that though! I fear you maybe right
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joe91
Member of DD Central
Posts: 53
Likes: 62
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Post by joe91 on Nov 7, 2019 16:43:56 GMT
I certainly read it that they would initiate the transfers today (7th) and we would receive them in the 'normal' transfer time of the bank involved. Faster payments within 2 hours then, unless it's a really large amount?
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Post by tigerbalm on Nov 7, 2019 16:45:46 GMT
I will wait 4 hours if I can have a larger amount .
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Post by tigerbalm on Nov 7, 2019 16:46:30 GMT
Damn, thats what got me here in the first place !
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Post by bata on Nov 7, 2019 16:49:05 GMT
Should "we" consider sending a letter of complaint from Lendy Investors, a group action, direct to the UK Financial Ombudsman Service specifically about this very poor and completely unacceptable aspect of RSM Joint Administration (regrettably one of many). "We" could refer the Creditors' Committee and/or LAG acting on behalf of Lendy Investors. Lendy Investors are being treated with utter contempt by RSM/FCA in this particular matter. RSM are reluctant to tell me their Complaints Policy & Procedure which relates precisely to the Joint Administration of the "Lendy Companies".
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