Santander 123 Direct Debits

2

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  • badger09
    badger09 Posts: 11,206 Forumite
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    castle96 wrote: »
    Tesco Internet saver (sorry)

    No problem

    I did try to get this from you in post 7 above.

    If you're setting up a payment on your Tesco savings account to bring money IN from your Santander 123 account, it will indeed appear as a DD on the 123 account. That's kind of the point :p

    Tesco is however one of the very few savings accounts which operates this way and I do wonder how long they will allow this method to continue :cool:
  • castle96
    castle96 Posts: 2,885 Forumite
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    I must be thick here...

    what I need is direct debit/s on (out of) the Tesco account
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
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    edited 29 October 2014 at 5:40PM
    castle96 wrote: »
    I must be thick here...

    what I need is direct debit/s on (out of) the Tesco account

    No.
    Step 1
    You log into your Tesco account and whilst logged in you instruct Tesco to setup a Direct Debit mandate to collect £1 a month from your Santander account.
    Step 2
    Then in a few days time you log into your Santander account and you will see that Tesco have set up a Direct Debit to collect the £1 each month from your Santander account.

    Therefore, the Direct Debit mandate is setup from Tesco to pull from Santander.
  • badger09
    badger09 Posts: 11,206 Forumite
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    castle96 wrote: »
    I must be thick here...

    what I need is direct debit/s on (out of) the Tesco account

    For what purpose?
  • castle96
    castle96 Posts: 2,885 Forumite
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    for any future switch incentive
  • badger09
    badger09 Posts: 11,206 Forumite
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    castle96 wrote: »
    for any future switch incentive

    You cannot switch a Tesco Savings account for any future switching incentives.

    Colsten has already told you this in post 8
  • castle96
    castle96 Posts: 2,885 Forumite
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    ah, true. But the other 2 accounts I have with them (5% on £3k), THESE are current accounts, so I need dds on them
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
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    castle96 wrote: »
    ah, true. But the other 2 accounts I have with them (5% on £3k), THESE are current accounts, so I need dds on them
    You don't have any current accounts at Tesco paying 5% on a 3k balance. They pay 3% on a 3k balance.
  • castle96
    castle96 Posts: 2,885 Forumite
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    yes sorry. cannot access at the moment. These ARE current accounts though, so DDs on them
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
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    castle96 wrote: »
    yes sorry. cannot access at the moment. These ARE current accounts though, so DDs on them
    It's actually an interesting question, ie can you setup direct debits to pull money to your Tesco current accounts like you can with their savings accounts. I'd have to check that.
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