Based on the probable size of the list you must have now, its cruel to allow people to join it. Most people are joining cause they have no other options, so by letting them join, all you are doing is putting their hopes on a high, when the reality is, you will probably never be in a position to actually deal with them, The list gets bigger, all you are doing is creating a massive problem for yourselves as a bank. When the dust settles, how many customers do you think will stay with you, when they feel betrayed and tricked into opening accounts.
People are opening accounts because they want BBL, not because they want you as their bank. get that clear in your collective heads. There are plenty of options for companies doing the same as Tide (ie: not giving out loans)
I have been in position 1032 for over a month now and its not moved, so this says to me, I may be one of the lucky ones, assuming you get at least £50M more at max loan to company ratio.
The scary thing is, you keep saying you are giving out loans, so why is no one moving up the list.
I really wish someone in Tide would just be honest and tel the truth. If there is no funds and no chance of funds, tell us, so we can start the wind up process, its pointless keeping people hanging on, we are using credit cards to keep our companies alive, which means more debt. Which would be paid off with BBL, but without BBL, all we are doing is creating personal debt, and this is not fair on us.
Man up and tell the truth. Your “public position app” was promised a month ago. Anyone with half a brain for dev could push out a web app and pull this data from your DB and display it visually. It would be no more than a couple hours work at most. which means you are deliberately not doing it.
If it turns out that you did not have funds and have no way of getting them, you will probably end up being held responsible on false promises by enticing people to join the waiting lists and open accounts.
My account name is hosting.io 6 if anyone of you want to follow up directly with me