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  • FIRST POST
    • nobler
    • By nobler 17th May 17, 2:24 PM
    • 1Posts
    • 0Thanks
    nobler
    £1 DDs to Charities
    • #1
    • 17th May 17, 2:24 PM
    £1 DDs to Charities 17th May 17 at 2:24 PM
    I've just been trying to set up several Direct Debits for a £1 a month on a dormant bank account (so I can use it for switching deals), but have noticed a lot of the charities have a minimum monthly donation of £2. So was wondering if it's worth setting up a list of any charities people know that will accept £1?

    The only one I've found so far is Oxfam
Page 1
    • Zanderman
    • By Zanderman 17th May 17, 2:32 PM
    • 1,210 Posts
    • 3,604 Thanks
    Zanderman
    • #2
    • 17th May 17, 2:32 PM
    • #2
    • 17th May 17, 2:32 PM
    Most charities don't like £1 dds as they cost so much to process they're hardly worth it.

    Lots of other options for DDs though, depending on whether you want to support something or just give money away.

    A new (for me) one I tried recently is the firefighters charity lottery - £1 per month dd and you could win.... https://www.firefighterscharity.org.uk/donate/play-our-lottery/

    My sign-up is so recent that I've not yet had a dd taken, so don't ask me how well it works (but I assume fine).
    • Marvo5
    • By Marvo5 17th May 17, 3:32 PM
    • 89 Posts
    • 79 Thanks
    Marvo5
    • #3
    • 17th May 17, 3:32 PM
    • #3
    • 17th May 17, 3:32 PM
    Post office savings will set up a direct debit on your card. It's only 1% but I just transfer in £2 month for the DD.

    You can do the same with Tesco (again £2 pm DD)

    If it's your desire, you can transfer the £48 (plus interest) to a charity of your choice once a year.
    • teddysmum
    • By teddysmum 17th May 17, 4:06 PM
    • 8,040 Posts
    • 4,798 Thanks
    teddysmum
    • #4
    • 17th May 17, 4:06 PM
    • #4
    • 17th May 17, 4:06 PM
    Post office savings will set up a direct debit on your card. It's only 1% but I just transfer in £2 month for the DD.

    You can do the same with Tesco (again £2 pm DD)

    If it's your desire, you can transfer the £48 (plus interest) to a charity of your choice once a year.
    Originally posted by Marvo5
    I think most are thinking more about their interest than a charity, or they would be willing to give more than £1 (or £2) per month, which costs the charity more than a one off donation.
    • mt99
    • By mt99 17th May 17, 5:31 PM
    • 337 Posts
    • 151 Thanks
    mt99
    • #5
    • 17th May 17, 5:31 PM
    • #5
    • 17th May 17, 5:31 PM
    I use http://www.littledebits.org/
    • MONEYTREE
    • By MONEYTREE 19th May 17, 11:00 AM
    • 125 Posts
    • 58 Thanks
    MONEYTREE
    • #6
    • 19th May 17, 11:00 AM
    • #6
    • 19th May 17, 11:00 AM
    That LittleDebits looks like payaquid.co.uk, which has been refused by GoCardless.
    • teddysmum
    • By teddysmum 19th May 17, 3:54 PM
    • 8,040 Posts
    • 4,798 Thanks
    teddysmum
    • #7
    • 19th May 17, 3:54 PM
    • #7
    • 19th May 17, 3:54 PM
    There have been a number of current account changes, probably to discourage the use of these accounts for savings and I wouldn't be surprised if the next move was to put a minimum spend on direct debits, to stop these meaningless trivial payments being used to satisfy the current rules.
    • Zanderman
    • By Zanderman 19th May 17, 5:11 PM
    • 1,210 Posts
    • 3,604 Thanks
    Zanderman
    • #8
    • 19th May 17, 5:11 PM
    • #8
    • 19th May 17, 5:11 PM
    There have been a number of current account changes, probably to discourage the use of these accounts for savings and I wouldn't be surprised if the next move was to put a minimum spend on direct debits, to stop these meaningless trivial payments being used to satisfy the current rules.
    Originally posted by teddysmum
    Don't give them ideas!
    • datlex
    • By datlex 19th May 17, 5:44 PM
    • 1,294 Posts
    • 1,080 Thanks
    datlex
    • #9
    • 19th May 17, 5:44 PM
    • #9
    • 19th May 17, 5:44 PM
    There have been a number of current account changes, probably to discourage the use of these accounts for savings and I wouldn't be surprised if the next move was to put a minimum spend on direct debits, to stop these meaningless trivial payments being used to satisfy the current rules.
    Originally posted by teddysmum
    Don't give them ideas!
    Originally posted by Zanderman
    Given that you can pay a minimum £5 to a credit card I can't see them doing this.
    • MONEYTREE
    • By MONEYTREE 20th May 17, 3:29 PM
    • 125 Posts
    • 58 Thanks
    MONEYTREE
    Datlex ~ can you set up a DD to a credit card for £5 /month even if you never use that card from month to month?
    • Mchambers
    • By Mchambers 20th May 17, 3:48 PM
    • 222 Posts
    • 93 Thanks
    Mchambers
    I've just been trying to set up several Direct Debits for a £1 a month on a dormant bank account (so I can use it for switching deals), but have noticed a lot of the charities have a minimum monthly donation of £2. So was wondering if it's worth setting up a list of any charities people know that will accept £1?

    The only one I've found so far is Oxfam
    Originally posted by nobler
    You don't need to pay anything to charities or anyone else.

    Just use Tesco Instant access and Tesco internet saver accounts to create direct dds to your accounts.

    I have done this loads of times and always works.

    HTHs.
    • badger09
    • By badger09 20th May 17, 4:03 PM
    • 5,112 Posts
    • 4,325 Thanks
    badger09
    Datlex ~ can you set up a DD to a credit card for £5 /month even if you never use that card from month to month?
    Originally posted by MONEYTREE
    You can set it up, but unless there is at least £5 spent on your card every month, the card provider will not take the DD
    • realaledrinker
    • By realaledrinker 20th May 17, 8:35 PM
    • 1,506 Posts
    • 496 Thanks
    realaledrinker

    Just use Tesco Instant access and Tesco internet saver accounts to create direct dds to your accounts.

    I have done this loads of times and always works.

    HTHs.
    Originally posted by Mchambers
    Don't know what I did to annoy them but the last couple of times I've tried Tesco they have requested 3 months hard copy statements of the current account to be credited, which is a little difficult when playing on the switching merry-go-round!
    Ethical moneysaver
    • Mchambers
    • By Mchambers 20th May 17, 9:44 PM
    • 222 Posts
    • 93 Thanks
    Mchambers
    Don't know what I did to annoy them but the last couple of times I've tried Tesco they have requested 3 months hard copy statements of the current account to be credited, which is a little difficult when playing on the switching merry-go-round!
    Originally posted by realaledrinker
    Not sure what you r doing. For me, I just create a N/wide account and use my tesco accounts to create the appropriate number of dds on my N/wide account. I then just transfer my N/wide account to my new bank account and hey presto......a few weeks later I get a transfer bonus.

    Please explain what info Tesco are asking you to provide ?
    • Ashen
    • By Ashen 21st May 17, 11:06 AM
    • 372 Posts
    • 234 Thanks
    Ashen
    I think most are thinking more about their interest than a charity, or they would be willing to give more than £1 (or £2) per month, which costs the charity more than a one off donation.
    Originally posted by teddysmum
    Can someone actually give any evidence that it costs the charity more? This is presented as a fact pretty much every time this subject is raised, yet GoCardless - a DD processor mentioned in this thread - charge 20p for a £1 DD (and used to be as little as 1p).
    • EachPenny
    • By EachPenny 21st May 17, 11:11 AM
    • 1,708 Posts
    • 2,083 Thanks
    EachPenny
    There have been a number of current account changes, probably to discourage the use of these accounts for savings and I wouldn't be surprised if the next move was to put a minimum spend on direct debits, to stop these meaningless trivial payments being used to satisfy the current rules.
    Originally posted by teddysmum
    Unfortuantely I think the more likely thing to happen will be for the charities to increase their minimum contribution by DD to stop people 'abusing' the system.

    I say unfortunately because it will mean people genuinely wanting to donate a small amount to a charity each month will either have to donate more, or else stop making DD donations if they can't afford it.

    There are other ways of getting the number of DD's you need, people should either donate a reasonable amount to the charity, or else use one of the other options.
    "In the future, everyone will be rich for 15 minutes"
    • Ashen
    • By Ashen 21st May 17, 11:18 AM
    • 372 Posts
    • 234 Thanks
    Ashen
    Unfortuantely I think the more likely thing to happen will be for the charities to increase their minimum contribution by DD to stop people 'abusing' the system.

    I say unfortunately because it will mean people genuinely wanting to donate a small amount to a charity each month will either have to donate more, or else stop making DD donations if they can't afford it.

    There are other ways of getting the number of DD's you need, people should either donate a reasonable amount to the charity, or else use one of the other options.
    Originally posted by EachPenny
    If charities increase their minimum contribution, that would logically be on the basis that it's not bringing them in money - otherwise why stop people doing it?

    As per my previous post, if just anybody can get a single £1 DD processed for 20p (previously 1p), why would a charity be incurring more than that, if not paying substantially less?
    • EachPenny
    • By EachPenny 21st May 17, 11:30 AM
    • 1,708 Posts
    • 2,083 Thanks
    EachPenny
    If charities increase their minimum contribution, that would logically be on the basis that it's not bringing them in money - otherwise why stop people doing it?
    Originally posted by Ashen
    Because you are assuming that the transaction fee is the only cost to the charity of administering a direct debit donation and that the charity is able or willing to use the lowest cost service provider.

    As per my previous post, if just anybody can get a single £1 DD processed for 20p (previously 1p), why would a charity be incurring more than that, if not paying substantially less?
    Originally posted by Ashen
    Because you are assuming that the transaction fee is the only cost to the charity of administering a direct debit donation and that the charity is able or willing to use the lowest cost service provider.
    "In the future, everyone will be rich for 15 minutes"
    • Ashen
    • By Ashen 21st May 17, 11:59 AM
    • 372 Posts
    • 234 Thanks
    Ashen
    Because you are assuming that the transaction fee is the only cost to the charity of administering a direct debit donation and that the charity is able or willing to use the lowest cost service provider.
    Originally posted by EachPenny
    Which is why I asked for evidence, of which none has been presented. You also equated my single example to being the "lowest cost service provider" - who said they were? It was an example of a service which is open to the general public at a level that lets an individual create their own DD's with their own schedule, whereas you'd expect other services doing tens of thousands of payments with consistent details to cost significantly less and be highly automated.

    It would also appear to be sensible to assume that any ongoing other administration costs are minimal for ongoing DD's.
    • alanq
    • By alanq 21st May 17, 12:03 PM
    • 3,683 Posts
    • 2,357 Thanks
    alanq
    Gift Aid has been forgotten in this discussion. That would perhaps covered costs.

    I would have thought that a £1 donation with total costs of less that would be worthwhile. A lot of small donations better than none - but not as good as a lot of larger donations.

    Charities pay large commissions to fund raising companies and for advertising so it is not the case that larger sums come free of costs.

    One just has to trust that charities choose whatever works best for them.
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