Ford Money Reviews 

486
•
TrustScore 2.5 out of 5

2.5

While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more

To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. This technology is designed to identify and remove content that breaches our guidelines, including reviews that are not based on a genuine experience. We recognise we may not catch everything, and you can flag anything you think we may have missed. Read more

See what reviewers are saying

Rated 1 out of 5 stars

Awful service and regret setting my regular saver up. Multiple conflicting emails sent from yourselves over the weekend and all I want to do is pay into the account. Won't use again

Rated 1 out of 5 stars

Savings account - dont bother! Horrible website, premium rate support line. Absolute ordeal to sign up and get the activation code. Tried to get a second auth code letter, but impossible to c... See more

Company replied

Rated 1 out of 5 stars

I applied three weeks ago for an ISA account, heard nothing since despite submitting my documents on time. The website says to "make sure your account is opened and funded within 21 days from the dat... See more

Company replied

Rated 5 out of 5 stars

I have nothing but praise for FORD Money. I'm 71 years old, not clever with technology, & nervous of making mistakes I have had to ring several times over the years to ask for help with my ISA Ever... See more

Company details

  1. Bank

Information provided by various external sources

We are a multi-award winning online savings provider, offering a range of fair and consistent savings products in the UK: each designed to help make your money go further. We’ve been managing money and providing lending via our finance subsidiary Ford Credit since 1963. And in 1997 Ford Credit obtained its UK banking license and became known as FCE Bank plc. This means that as Ford Money we are regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Your savings are also protected by the Financial Services Compensation Scheme (FSCS), so you have the reassurance of knowing that Ford Money is brought to you by an established name you already know - and more importantly can trust. To find out more about our savings products visit www.fordmoney.co.uk


Contact info

2.5

Poor

TrustScore 2.5 out of 5

486 reviews

5-star
4-star
3-star
2-star
1-star

No recent history of asking for reviews

This company hasn't invited customers recently, so reviews may not be representative

Hasn’t replied to negative reviews

How this company uses Trustpilot

See how their reviews and ratings are sourced, scored, and moderated.

2.5

All reviews

(486)

40 reviews in the last 12 months

Write a review
Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 1 out of 5 stars

BEWARE they are NOT easy access savings

BEWARE they are NOT easy access savings. If you withdraw money after 2pm on a working day, it gets processed on the next working day and gets transferred on the following working day. It can essentially take more than 48 hours to receive the money from them. This is no where highlighted on their website and maybe available in small print.

October 3, 2022
Unprompted review
Ford Money logo

Reply from Ford Money

Hi Paul, I am sorry that you are not happy with the service we offer and appreciate that our timescales for moving money can frustrating. We are working on this, I promise. We do of course make the timescales clear, they are in the Move Money section when you make your withdrawal request and can be found in our help section here https://www.fordmoney.co.uk/help/managing-your-account/moving-money
If you have any further queries do let us know. Regards, T.

Advertisement
Rated 1 out of 5 stars

They don't transfer money out when they…

They don't transfer money out when they say they will.

Gave instruction (just after midday and way before their cutoff time) for next day remittance and still hasn't arrived. Why it can't be same day is beyond me, but they don't even follow their own unattractive time periods.
The money's left my account and still not appeared in the destination account more than 2 business days later.
Very poor.

October 5, 2022
Unprompted review
Rated 1 out of 5 stars

I transferred quite a big lump sum in…

I transferred quite a big lump sum in to my account last night, and a day later there's still no sign of my money appearing in my account. I'll be closing my account with fordmoney as soon as I can, as not being able to see my money sitting safe in my account fills me with dread. There really is no excuse for this less than lack luster service!

October 1, 2022
Unprompted review
Rated 2 out of 5 stars

Easy to pay money in not so good to withdraw

Easy enough to open the account, easy enough to pay money in, but cannot get money out until they've sent you a code through the post. I have been waiting a week for this code. Had to phone, now told it would be sent within 2days. But they did let me close the account, over the phone.
Didn't know there where banks still using such outdated practices.

September 27, 2022
Unprompted review
Rated 1 out of 5 stars

I opened up a saving account with Ford…

I opened up a saving account with Ford Money end of August 22. Soon after I switched my linked account and requested to change the linked account. Since then they have repeatedly messed up. 3 times they have told me to use my old account in order to make my first deposit, despite me clearly telling them that account was switched and closed as part of the process. Nearly a month letter despite entering a code they sent to authenciate my new linked account, it didn't. And I still can't use this account, as they had actually cnacelled my request for the third time. So I have just requested they close it. Clearly they have no understanding on what closed means! I will not bother to ever apply for account from them again. A month wasted. Reading some of the reviews on here, I think I had a lucky escape.

September 24, 2022
Unprompted review
Advertisement
Rated 5 out of 5 stars

Ford Money … Great way to save ..10/10

Ford money is great .. they are taking over from those dreadful banks that have not raised their savings rate in these hard times 0.6 % versus Ford money at 1.93 % ((Martin Lewis Top Pick !!! ))
App is great, easy to use and you can always talk to someone if needed.
Easy access and takes only a day to get your money out . Can also get your monthly interest paid directly into your nominated account so great if you need that to help supplement your income

Make the most of your savings with Ford Money 🙂

September 20, 2022
Unprompted review
Rated 5 out of 5 stars

Ford savings account

We have only been with Ford Money for about 5 months but have found their banking as reliable and efficient as their cars, First class service, enquiries dealt with and sorted after waiting less than a minute on the phone, polite helpfull staff who speak good understandable English and I could understand PERFECTY what they were saying, interest rates rise automatically and are amongst the best rates out there,
Wish we had found these years ago. Thanks.

September 14, 2022
Unprompted review
Rated 5 out of 5 stars

Great move to Ford Money

I have been with Ford money since June & have found them very good! When I have transferred money they have let me know on that day & updated my account, I haven’t used the service yet to withdraw but it does state in there t’s&c’s that to allow a couple of days which I am aware of…very pleased with interest rates so much better than who I was with before I have already got 4x more than I got in a year with the other saver

June 10, 2022
Unprompted review
Rated 1 out of 5 stars

AVOID AT ALL COSTS !!

Avoid Ford Credit at all costs they allowed fraudsters impersonating me to open an account in order to steal Credit due to be paid to me but instead Ford Credit paid the money into the fraudsters account, The National Economic Crime Centre state on the National Crime Agency website this is Payment Diversion Fraud. Even after actually providing proof to Ford Credit fraudsters used a cloned Hsbc debit card to open an account fraudulently in my name Ford Credit still refused to uphold my complaint.
Ford Credit didnt even have the decency to admit they were at fault, this company should be investigated for Payment Diversion Fraud because without any doubt whatsoever they allowed fraudsters to open a company account fraudulently in my name, Shameful and untrustworthy bunch of crooks.

August 23, 2022
Unprompted review
Advertisement
Rated 1 out of 5 stars

Widening margins

So Bank of England announce a 0.5% increase in interest rates. Ford Money announce a 0.1% increase in their instant access rates. Where has the 0.4% gone to? Presumably to widen Ford's margins.

August 4, 2022
Unprompted review
Rated 5 out of 5 stars

Great rates and good service

Offered a much better rate on both Cash ISA and instance access savings compared to my previous accounts.
It was easy to open the accounts and transfer my Cash ISA in. It is easy to pay in and withdraw and the phone app works really well.
I'm really pleased.

July 14, 2022
Unprompted review
Advertisement
Rated 5 out of 5 stars

OK Bank

Been with them 3 years now with 4 sub accounts. No problems at all. Faster than others at upping rates and good communications and easy access.

July 6, 2022
Unprompted review
Rated 2 out of 5 stars

Must speed up their transfers

Unless Ford Money and one or two other savings outfits find a way to transfer funds almost immediately like Chase, Atom, Marcus etc then they will struggle. Their rates are often not as competitive either. I can't see myself continuing with them much longer.

May 24, 2022
Unprompted review
Advertisement
Rated 5 out of 5 stars

Very understanding bank

I just want to thank Ford money!!!,
I made a mistake by transferring my money too early so I was charged a penalty for this, when I explained to them I made a huge mistake, they right away agreed to reimburse my money
Such a very friendly and helpful bank
Thank you Ford money

May 21, 2022
Unprompted review
Rated 5 out of 5 stars

Excellent Processes

We're not loyal to any savings provider as its all about getting a better poor rate than the poorest. We've used Ford money on several occasions for both ISA and other savings products, we conclude that their process and communication steps stand up providing a great reliant friendly down to earth service. We except that when a leading product is launched that "any savings provider" will get bogged down... and we should not expect instant phone call service during a high demand. We use providers online messaging services which should be treated with a tad of patience during shifting sands.

May 19, 2022
Unprompted review
Rated 1 out of 5 stars

Think customer, not bank

Having had an account for a while with this lot, I've decided that I just don't like them. The main reason is their intentional and wilful built-in delays in transferring money out of savings accounts and into nominated ones. This is the age of faster payments, giving consumers the confidence that the money is theirs and not the banks. If I want to move my money now, that's what I expect to be done

April 12, 2022
Unprompted review

The Trustpilot Experience

Anyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

We use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.

Learn about Trustpilot’s review process.

Here are 8 tips for writing great reviews.

Verification can help ensure real people are writing the reviews you read on Trustpilot.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Take a closer look