Project Imagine (PI1 banking as a platform - formerly Dozens consumer fintech)

From what I have read on here Zeux seems to be a better option than the dozens bonds as you can withdraw when and as you like, and they both have a similar risk level.

I’m just looking for somewhere to put my savings rather than Marcus which isn’t earning all that much interest.

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I’d personally put Dozens over Zeux on first glance. With money being stored in a partner institution, which should benefit from FSCS protection.

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Happy to try out both and decide for myself. will keep you posted

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the only issue with Zeux is the sign up que. not sure how long it will take to sign up

That would be super helpful, thanks! :slightly_smiling_face:

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Currently #1032 with ‘up to 5 days’ wait

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You can withdraw from dozens when you like, but you can only deposit when they’re accepting bids.

Zeux says the capital is secured against Wecash and Zeux, whereas dozens puts your money in a segregated emoney account. I know which of those options sounds less risky to me…

I think people see “bonds” and think high risk, but there are bonds and bonds

Edit: Here’s the wording from the Zeux terms

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Saw a very text heavy poster for Dozens at Cardiff Central today, really wasn’t an attractive ad and I had no time to try and read it.

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Well spotted!

The idea is to offer a variety of styles of marketing. In the case of this campaign, we were thinking of those of us who are used to being stuck on trains, platforms and stations for ages with nothing to do, so a chance to read something is a welcome distraction. Not all campaigns will be like this.

When you do get a chance to read it, let us know what you think of the message :slight_smile:

Any chance you could include the copy Rob? Would be nice to see it for those at the other end of the UK?!

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There are versions across the country, we even got a nice tweet about that recently

The tfl version of the ad is on our home page with a link to read more for those who are intrigued by the ad itself

https://www.dozens.com/this-shouldnt-be-so-revolutionary/

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No doubt I’ll be stuck there soon and have a chance to read it.

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What was the highest everyone got confirmed today?

Weirdly, the push notification was in impossible US date rather than ambiguous date or, heaven forbid, ISO standard.

I was unsuccessful with a £1k bid

The date did confuse me! I was successful with £500

With the bond issuances now fully rolling and seeing quite a few mixed messages on this can someone please give a definitive answer to this:

If Dozens went bust tomorrow… would I be get my money thats in bonds at the minute back?

Yes!

The money is held in a trust that is separate from Dozens and we’ve provided a lot of details on this - but let us know if you need more information

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Thanks for the speedy reply rob and for clearing that up!

I was one of the successful ones with this issuance thankfully but was a bit hesitant to move more savings across until that was clarified so thanks :slight_smile:

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+1

The biggest struggle I have currently is almost all my cards are MasterCard, including Curve which amalgamates them. I’m really pleased to have a Visa option now.

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I also did not sign up to Dozens on time to bid for their bond :frowning:

Moved some of my savings to Zeux for now, also at 5%.

In case someone is interested, here is a good description of their product:

Zeux is quiet different to Dozens, but both have their advantages in my opinion.