Agreed, my point is that anywhere bank1 uses bank2 to earn their clients interest, it is highly likely to be at a lower rate than than bank2 would offer them direct - even if bank1 doesn’t take a cut…
Of course HL can get a good deal with banks to hold their clients cash - some of it is more than likely to end up in the bank’s investment products for very long terms… But are you just paying it back in fees once you do invest?
VM V easy to set up, as I said, but do be prepared to need to jump through (phone-based) fraud hoops for your first payment (or two). I eventually had them admit they do this for all new accounts first payment(s) - even though I was only sending a small amount of money back to the account it came from…
An email is being lined up to send now to go to all customers who’ve opted-in to our “Dozens new, updates & marketing” messages (if you don’t want to miss out, you can update your preferences in the app), …
but the news is that the December 2020 issuance will go live tomorrow - December 1st, 2020
This is another BIG issuance with £1m of bonds available.
(special mention for @o99 so you get as much notice as possible)
It’s also a big one since the last one to mature was a £1million issue (which also had a preferential bit for investors…) and I imagine a lot of people will be bidding to put some/all of their money from that issue straight back in…
I don’t know if Dozens will now reduce the December issue so they can save that money for a potential next crowdfunded round? It strikes me that if you just got your funds you wanted to invest in Dozens returned, a Dozens bond would be the perfect place to sit on it until then…
There is no change to the issuance of £1m that was announced despite any changes to the Seedrs crowdfunding - other than the fact that any particular allocation that was to be made for investors will now not be needed, so is available for any Dozens customer to bid on.
The current round therefore continues as planned and just to remind you, will be closing soon
I tried. My bank transfer hasn’t shown up. The odd thing is, I transferred a nominal amount first and that showed up instantly but the larger amount hasn’t.
Also, there is no way to even drop a message and leave support to look at in the app, it just shows
Unfortunately, nobody is online at the moment. Check back later.
There’s nothing stopping Dozens taking messages and then saying someone will reply in x hours or something.
Instead I have to figure out when Dozens is working to chase it up.
Today is a Bank Holiday so they’re will be very limited support, but send me a PM with your ticket number and I’ll see if I can chase anyone who might be online
Thanks Rob, I got through to someone in the app. They said they’ll pass it onto the Payments Team. I still think you should be able to drop a message via the chat in the app at any time though.
The bank you were sending the money from has almost certainly blocked the larger payment - and witheld it for manual checks - sending two payments like that is flagged in various fraud detection systems.
It’s not something Dozens would be able to help with. You either need to contact that bank or wait for them to release the payment themselves.
Not in this case. Dozens have processed the payment now. My source bank in this case tends to block and make me phone them when they consider it to be suspicious, and there wasn’t any message to that effect on this occasion. So it was on how Dozens process payments as far as I can tell.
Just had confirmation my bid of £4800 was accepted fopr the December/January issuance… anyone else get confirmation and if so any idea on highest bid accepted?
