The last 24 hours have been interesting. The Brexit decision will undoubtedly have an impact on the British, European and World economies. Some of these impacts will have been foreseen and some will not.
Changes To The ThinCats Client Money Procedures
As you know all of the major peer to peer platforms are in the process of applying for full authorisation by the FCA. As part of this process we have been reviewing our client money procedures and we need to introduce a few changes immediately that might affect you.
Unfortunately we will no longer be able to credit your lender account with notified deposits until cleared funds have been received. Please take this into account when you are planning a bid. At the same time as making these changes we will no longer be accepting deposits by cheque, although very few people will be affected by this decision.
In order to speed up the process of crediting your account we have increased the frequency that we receive deposit reports from Street UK and we will soon have real time access to the account which will help us to credit your lender account at the earliest possible opportunity.