Raisin Bank

I have used Raisin.

They offer some of the highest term deposit rates. But no big return.

Experience was good with Raisin.

Some of the banks that work with Raisin are not big names so small risk needs to be considered, albeit all products are covered under deposit guarantees up to 100k.

I can give my two cents on Raisin, the deposit rates are the best out there by a mile. I checked-out some of the banks that will be holding the deposits, none are really what you would call high-street banks, they seem more like credit institutions or something. Having said that, they are registered as banks in their respective countries and appear to be covered by their countries deposit guarantee schemes.

I opened a Raisin account, process was very smooth, and after transferring some money I opened a deposit account. Whole thing took about a week, biggest delay was my bank limiting the amount I could transfer for security reasons (fair enough).

I have an IBAN for the Raisin account, my biggest concern is I have received documentation from the bank I have the deposit with, but I have not received an IBAN (yet) for that account. So I cannot say for sure that the deposit account is mine, though it appears to be in my name. I still have a slight concern that if Raisin went kaput, will I be able to access the deposit account. I will not be opening any more deposit accounts until I get an IBAN for the deposit account. Anyone else out there with deposit accounts care to share their thoughts on this?

Customer service is fairly non-existant, so bear that in mind, they appear to be swamped. If you run into problems you may have issues getting customer support.

Overall, great rates, smooth process for setup, deposits appear to be secure but not 100% convinced yet about ownership of the account and no real customer service.

Hmmm yeah, I have a document called 'Opening Confirmation' and the title on the document when I open it is Deposit Confirmation, but only has the Raisin IBAN, I will give it another few days, maybe a new document will arrive.....

How're u finding this now Op (or anyone)

I'm debating whether to put money I've withdrawn from state savings into this.

One thing I don't like when people have my money and are slow to respond if I need to know anything so how are they to deal with?

Do they do currant accounts?

Very witty:)

Can someone explain to me what the story is with Raisin bank and DIRT tax?

Do they deduct at source like an Irish bank or will I need to pay it separately?

In general, how are people finding the service? Doesn't seem brilliant for instant access accounts but it might be good for 1-2 year deposit accounts

Ha, yeah I'll need to add a disclaimer that I'm not affiliated 😁

Good to know regarding the tax situation, will definitely have to balance any savings against the additional paperwork involved

You'll be called more than dickface if you're wrong! 🤪😂

Trying to transfer money from Boi to raisin there and BOI have a limit of €1000 a day for new payees

Anyone know is there a way around this?

It'll take way too long that way. 🙄

Cheers!

I'll go in and tell them they'd want to be raisin the limit 😂

I am fairly sure that limit goes away after two or three days, the payee is no longer considered 'new'.

Anyone having issues logging in? I use a password manager so I definitely didn't enter my password incorrectly. I did "Forgot Password" a few times and I still can't access my account. I emailed support but no response yet.

Limit increases by 1K/day up to a max of 20K after 20 days. If you want to do a large transfer you can do it in a bank branch

did you get your bank account IBAN @Sconsey ?