Monetus
Member of DD Central
Posts: 1,179 
Likes: 2,961
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Post by Monetus on Aug 6, 2015 11:13:01 GMT
Hi there,
I just tried to fund PL50 and in the past it would allow me to commit to the loan and then transfer the funds via BACs the next day.
However this time it said I have "insufficient funds" in my account and so I couldn't commit to this loan.
Has SS done away with the Instant Funding feature?
Thanks,
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Post by Deleted on Aug 6, 2015 11:31:07 GMT
I can still see the option, but won't deposit as I'm skipping PBL50
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webwiz
Posts: 1,133
Likes: 210
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Post by webwiz on Aug 6, 2015 12:43:01 GMT
IIRC you have to "deposit" cash first which puts your funding into BACS deficit then transfer the money within 24 hours.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
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Post by ramblin rose on Aug 6, 2015 17:08:45 GMT
Hi there, I just tried to fund PL50 and in the past it would allow me to commit to the loan and then transfer the funds via BACs the next day. However this time it said I have "insufficient funds" in my account and so I couldn't commit to this loan. Has SS done away with the Instant Funding feature? Thanks, As the others have intimated, you do the virtual 'Instant Deposit' first, which credits your account with money and gives you a BACS deficit, and which then enables you to invest. Then you follow up with the transfer to to the actual deposit.
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