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I took out an ISA with Barclays Bank on 04.04.08. I just checked my current account (different bank) and the cheque still hasn't been cashed. My question is, is it reasonable to any claim for compo with regard to lost interest as it is calculated daily? I think a month and still counting is quite excessive, what do others think?:Cry:

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Barclays have told us that the processing of these new ISA's has been delayed due to high volumes of applications. Once the account is open the interest will be back dated to when the account was applied for or 6 April 2008 which ever is later.

 

John

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Thanks for the reponse, I had a letter from them to say there was a problem with verification.The recorded message on the phone says that if it takes longer than 14 days to process, then interest will be paid from the 15th day.:D

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