Raisin Suspend New Irish Signups

Discussion in 'Deposits' started by CiaranT, Dec 10, 2016.

  1. CiaranT

    CiaranT .

    Posts:
    4,347
    Raisin, who provide a pan European deposit marketplace, are no longer accepting applications from new customers from Ireland.

    No other country seems to be affected. Existing customers seem to be unaffected too.

    No reason given. Raisin say they are working on re-accepting Irish signups.

    Real shame, Raisin were providing some decent competition in the term deposit market. Hopefully, this is just a short term temporary issue.

    I will update the best buys shortly.
     
  2. CiaranT

    CiaranT .

    Posts:
    4,347
    Raisin have emailed me with the below:

     
  3. mtk

    mtk Frequent Poster

    Posts:
    288
    Wonder what this is all about ??? What's the cbi concern ?
     
  4. CiaranT

    CiaranT .

    Posts:
    4,347
    Might be something simple like Raisin being forced to register as a deposit taker in Ireland and the CBI being slow to process. Might be something else.
     
  5. Gordon Gekko

    Gordon Gekko Frequent Poster

    Posts:
    1,517
    More of the usual rubbish from the Central Bank. Block people like Frank and Raisin. Do nothing about the dodgy Irish operators and let the consumer eat cake. Laughable.
     
  6. CiaranT

    CiaranT .

    Posts:
    4,347
    Niall Brady in the Sunday Times reports on this here. (Paywall but free to read 2 articles per week after you register for free).

    Raisin are now operating in every single EU country except Ireland.

    The reason that they have stopped Irish sign ups in the the CBI are saying that Raisin need a license.