Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • uk1
    • By uk1 26th Mar 16, 12:56 PM
    • 1,001Posts
    • 647Thanks
    uk1
    Santander 123 "Active Direct Debits"
    • #1
    • 26th Mar 16, 12:56 PM
    Santander 123 "Active Direct Debits" 26th Mar 16 at 12:56 PM
    We currently have a joint Santander 123 account and I am planning to open up new individual 123 accounts for each of us and then fund them from a Halifax account with £500 monthly for each account.

    I have a question about Active Direct Debits. The Santander site says:

    Have at least 2 active Direct Debits. You'll get monthly cashback on selected household bills you pay by Direct Debit
    My question is what is meant by "active" and can they be annual DD's but if they are is interest only paid in the months that DD's are paid? Or must they effectively be monthly DD's?

    Any help from any one who has done this appreciated.

    Thanks.

    Jeff
Page 2
    • colsten
    • By colsten 27th Mar 16, 8:03 PM
    • 8,765 Posts
    • 7,596 Thanks
    colsten
    Do the bookies pay you as a refund on your Santander debit card? If so, then it doesn't count. If they pay into your Santander account any other way, then you can count it (unless there's another rule about gambling not counting).
    Originally posted by Eco Miser

    A payment by Betfair, or any other bookie, is not normally a refund.

    You can also ask Betfair for payment by bank transfer, which I believe they process as a BACS payment.
    • OldBeanz
    • By OldBeanz 28th Mar 16, 3:10 PM
    • 715 Posts
    • 558 Thanks
    OldBeanz
    Thanks, that is exactly what we plan to do ....

    Jeff
    Originally posted by uk1
    Yes you can do this. I am a Select customer through my wife and they advised me that my friend could. They broached the subject without me asking them.
    Paying the money internally stops the risk of one bank making a mistake or computer crashing and doing the transfer on the first of the month allows you to correct any problems within the month if something did go wrong.
    If you can become a Select customer then it is worth it as they appear to have employed staff who try and help you. 10 years ago discussing issues with Steve from downtown New Delhi was never fruitful.
    • Gandalf133
    • By Gandalf133 30th Mar 16, 6:09 PM
    • 9 Posts
    • 5 Thanks
    Gandalf133
    Apart from tesco where does the 42k at 3% come from thought I'd already exhausted them all
    • eskbanker
    • By eskbanker 30th Mar 16, 6:41 PM
    • 6,087 Posts
    • 6,114 Thanks
    eskbanker
    Apart from tesco where does the 42k at 3% come from thought I'd already exhausted them all
    Originally posted by Gandalf133
    How many Bank of Scotland Vantage accounts do you have?
    • colsten
    • By colsten 30th Mar 16, 7:19 PM
    • 8,765 Posts
    • 7,596 Thanks
    colsten
    http://forums.moneysavingexpert.com/showthread.php?t=5374614
    • JWhite
    • By JWhite 3rd Jan 18, 1:56 PM
    • 791 Posts
    • 68 Thanks
    JWhite
    I have just found this thread after realising that the interest on my 123 Current Account had ceased 12 months ago ! After trying to find out why I realised that I had deleted very old DD's out of my 123 account which were dormant 12 months ago and didn't realise that this contributed to the conditions of the interest payable on the account.

    My mistake has cost me £300 !! Though I have to say that they were all dormant DD's but obviously must have still registered as active on my account.

    How can I rectify this by setting up DD's when there is nothing I am paying by DD at the moment ??
    • IanSt
    • By IanSt 4th Jan 18, 11:54 AM
    • 209 Posts
    • 160 Thanks
    IanSt
    How can I rectify this by setting up DD's when there is nothing I am paying by DD at the moment ??
    Originally posted by JWhite
    There is a thread on this site on possible means to generate monthly DDs. You're lucky in that yours only need to pay out on a yearly basis, so are you sure there's nothing available you could use. E.g. for santander we've setup our TV licence and car road tax to pay by direct debit.

    The thread is here: http://forums.moneysavingexpert.com/showthread.php?t=5734632
    • JWhite
    • By JWhite 4th Jan 18, 12:33 PM
    • 791 Posts
    • 68 Thanks
    JWhite
    There is a thread on this site on possible means to generate monthly DDs. You're lucky in that yours only need to pay out on a yearly basis, so are you sure there's nothing available you could use. E.g. for santander we've setup our TV licence and car road tax to pay by direct debit.

    The thread is here: http://forums.moneysavingexpert.com/showthread.php?t=5734632
    Originally posted by IanSt
    When I checked I had left a BT direct debit set up although not active and I have set up a DD for Paypal so hopefully these may reinstate our interest payments
    • JWhite
    • By JWhite 5th Jan 18, 10:11 AM
    • 791 Posts
    • 68 Thanks
    JWhite
    By the way as I had deleted the DD's out of my account and lost my interest for 12 months, now I have set up 2 new DD's on my account do I have to complete a new application to receive my interest or do they re-instate it automatically as I do still have a 123 current account?
    • soulsaver
    • By soulsaver 5th Jan 18, 3:03 PM
    • 1,542 Posts
    • 573 Thanks
    soulsaver
    By the way as I had deleted the DD's out of my account and lost my interest for 12 months, now I have set up 2 new DD's on my account do I have to complete a new application to receive my interest or do they re-instate it automatically as I do still have a 123 current account?
    Originally posted by JWhite
    If you comply with ALL the T&C requirements you get the rate the following month automatically.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

5,327Posts Today

9,996Users online

Martin's Twitter