I think Starling use their 04 sort code for their SaaS product.
Just got this email⦠no £50 Amazon voucher for me as an early adopter but signs are there that the seeds of integration are being sowed, promising:
Yes, but the Chase UK sort code came from a new range, rather than one formerly used by JP Morgan.
The other JP Morgan sort codes are allocated to JP Morgan. The Chase UK ones are allocated to JP Morgan Europe Ltd, which is a new umbrella company set up to run Chase UK. The sort codes didnāt seem to be in use before being allocated, although they are in the āhistorical rangeā (the 60s) used by NatWest, so could perhaps be more likely to be recognised.
They could have used a totally brand-new range if they wanted. 04 sort codes are allowed to connect to any payment scheme, it seems, as Starling 04-00-40 is connected to all of them.
+1 for this. I gave up putting my spending through chase several months ago.
I donāt suppose thereās any news on when Chase will be adding any more features?
I havenāt actually used mine since the end of October, as at the moment, there doesnāt seem to be much point.
My Amex is the BA one, so have been on a mission to collect Avios lol
I think tbh, as others have said, it is the hassle of having to remember to fund the account just so you can use it.
On the upside, using my Amex on Amazon over Christmas boosted the Avios rather nicely
I wonāt be closing the account, as I am hoping it can become an account I can use more and more.
Itās just the lack of features at the moment that prevents me from slimming down some of my other accounts in favour of chase.
Yeah, I am really. Sure, I have >1 account, but virtually everything is done through my main account. I find that having everything in one place makes life simpler. Iāve gone through phases (quite long phases, actually) of putting all my spending on cash back credit cards, and itās easy enough, but I suspect it makes me slightly less careful with my spending. I went through a phase of using chase for spending, but got frustrated with having to preload the account with spending money, and now Iām back using monzo for everything.
Could I use Chase instead? Probably. I would miss Monzoās āleft to spendā graphic and I donāt find the Chase app quite as easy as Monzoās (I dislike how I need to click into the transaction screen to view more than 4 transactions), but these arenāt deal breakers.
Would I use Chase instead? Maybe, but Iām always tempted by Starling (cheques, cash at post office).
Im also a 1 bank account person and 1 credit card that i rarely use , i got into trouble a while back with finances and have learned to do without cards where i can , I like the features that monzo have and help a lot with budgeting etc
Thereās also 5% AER on round ups too which is snowballing nicely for me. Just wish theyād let us manually deposit into it say a limited lump sum of Ā£1000 each so that it feels more of a bang for the buck.
Iāve said this before, but Chaseās launch has been weird. It smacks of āsomeone promised weād be live by x date so letās just throw something outā.
Their approach isnāt agile and iterative. Theyāre not trying to build community. Itās feature incomplete and theyāre buying customers to use it as a payment card (which will never alone get them profitable).
Quite why they didnāt wait until theyāre feature complete, I have no idea. Baffled.
Direct debits and nutmeg savings due in March
On another note, I donāt know if today itās because theyāre not processing as much or something, but Iāve noticed that notifications are much quicker.
So, transferred money from Monzo to Chase - and Chase informed me it had arrived within about 30 seconds. Spent something in the shop and notified as I walked out of the door.
Previously - itās been 5 mins or so for being notified of a transfer in, and thereās been times when Iāve got notified Iāve spent money when Iāve got back home.
Hopefully this isnāt just a temporary thing and theyāre now feeding whatever hamster was powering that some new super-diet to get itās legs running on the wheel fasterā¦
You might have seen that JPMorgan Chase acquired Nutmeg last year, one of the leading UK digital wealth management platforms. Weāre working closely with our colleagues and weāll reveal all later this year.
It was partially correct
Chase roadmap looks good. No mention of credit cards. Iām fascinated by the wording āsee how you use themā. Maybe they have it set up so you can have direct debits from each accounts. Who knows
Direct debits by March. Says it on the website.
I meant credit cards lol hahah
That should be possible given they all have their own account numbers with a sort code already.
In the email theyāve also sent out to Chase customers theyāve said
Savings
In spring weāll also be introducing a new savings option, to help you make more of your money.