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  • FIRST POST
    • Jelli
    • By Jelli 7th Oct 17, 10:57 AM
    • 80Posts
    • 14Thanks
    Jelli
    Halifax Reward account; a Direct Debits question
    • #1
    • 7th Oct 17, 10:57 AM
    Halifax Reward account; a Direct Debits question 7th Oct 17 at 10:57 AM
    Hello, with this account 2 Direct Debits are needed to get the rewards but I only have 1 which is for my broadband, but was wondering could I setup my PayPal's Direct Debit for the second and withdraw money once a month to qualify?

    PayPal use the Direct Debit system to get money from a bank account to a user's Paypal account.
Page 1
    • Vortigern
    • By Vortigern 7th Oct 17, 11:44 AM
    • 2,324 Posts
    • 1,533 Thanks
    Vortigern
    • #2
    • 7th Oct 17, 11:44 AM
    • #2
    • 7th Oct 17, 11:44 AM
    Yes, you can do it, but you can't automate it for monthly payments.

    There's a recent thread about PayPal DDs
    • Jelli
    • By Jelli 7th Oct 17, 12:01 PM
    • 80 Posts
    • 14 Thanks
    Jelli
    • #3
    • 7th Oct 17, 12:01 PM
    • #3
    • 7th Oct 17, 12:01 PM
    Thanks for confirming that. I'll do it manually.
    Last edited by Jelli; 07-10-2017 at 12:21 PM.
    • badger09
    • By badger09 7th Oct 17, 3:26 PM
    • 5,596 Posts
    • 4,908 Thanks
    badger09
    • #4
    • 7th Oct 17, 3:26 PM
    • #4
    • 7th Oct 17, 3:26 PM
    Thanks for confirming that. I'll do it manually.
    Originally posted by Jelli
    Many of us no longer seem to have had the option to move money into our PayPal accounts by DD. However, it is, apparently, still possible to do this via the app. (I can't confirm as I haven't yet downloaded the app)
    • Jelli
    • By Jelli 7th Oct 17, 8:46 PM
    • 80 Posts
    • 14 Thanks
    Jelli
    • #5
    • 7th Oct 17, 8:46 PM
    • #5
    • 7th Oct 17, 8:46 PM
    Many of us no longer seem to have had the option to move money into our PayPal accounts by DD. However, it is, apparently, still possible to do this via the app. (I can't confirm as I haven't yet downloaded the app)
    Originally posted by badger09
    I thought that's how loading money into your account was done with PayPal was DD. How is it possible to request funds from your own bank otherwise?
    Last edited by Jelli; 07-10-2017 at 8:49 PM.
    • Westie983
    • By Westie983 8th Oct 17, 10:04 PM
    • 3,856 Posts
    • 14,033 Thanks
    Westie983
    • #6
    • 8th Oct 17, 10:04 PM
    • #6
    • 8th Oct 17, 10:04 PM
    I thought that's how loading money into your account was done with PayPal was DD. How is it possible to request funds from your own bank otherwise?
    Originally posted by Jelli
    When you log into PayPal via the website and go to add money it only gives you the option to set up a payment to PayPal, and you send the money to PayPal, and not for paypal to pull the money from your account.

    You can no longer request money from your bank account on the website, You can request to pull money to PayPal via the app.

    My money hit my PayPal account on Friday.

    Westie983
    Save 12k in 2018 #10 Total (£25,000)+£0.00/£12,000 = 0.0%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £0.00/£800 = 51.25% ( x 11)
    Xmas 2017 £1 a Day #6 Total £400/£365 = 109.58%
    Virtual Sealed Pot #1 Total £1,800/£1,800 = 100.00%
    £2 Savers Club 2017 #3 Total (£1,450)+-450/£2,000 = 50.00%

    Total £28,560/£16,965 = 168.34%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Jelli
    • By Jelli 8th Oct 17, 10:36 PM
    • 80 Posts
    • 14 Thanks
    Jelli
    • #7
    • 8th Oct 17, 10:36 PM
    • #7
    • 8th Oct 17, 10:36 PM
    Ah, so it has changed then. OK, thanks.
    • binaryuniverse
    • By binaryuniverse 9th Oct 17, 8:51 AM
    • 480 Posts
    • 262 Thanks
    binaryuniverse
    • #8
    • 9th Oct 17, 8:51 AM
    • #8
    • 9th Oct 17, 8:51 AM
    Open a Tesco internet saver account. Setup a direct debit for £3 a month to take from your Halifax account.

    Job done.
    • Jelli
    • By Jelli 9th Oct 17, 9:35 AM
    • 80 Posts
    • 14 Thanks
    Jelli
    • #9
    • 9th Oct 17, 9:35 AM
    • #9
    • 9th Oct 17, 9:35 AM
    Open a Tesco internet saver account. Setup a direct debit for £3 a month to take from your Halifax account.

    Job done.
    Originally posted by binaryuniverse
    lol brilliant.
    • Jelli
    • By Jelli 29th Oct 17, 7:47 AM
    • 80 Posts
    • 14 Thanks
    Jelli
    Open a Tesco internet saver account. Setup a direct debit for £3 a month to take from your Halifax account.

    Job done.
    Originally posted by binaryuniverse
    I know this is a late thread update but found out something regarding your suggestion. Sadly Tesco will be stopping this ability from 22nd April 2018 on their "Internet Saver" and "Instant Access Savings" accounts.

    I might only be left with using charities but need to factor in the cost/benefit of doing this, or look at other banks but not many do what Tesco did.
    Last edited by Jelli; 29-10-2017 at 7:53 AM.
    • Hattie625
    • By Hattie625 29th Oct 17, 9:39 AM
    • 624 Posts
    • 491 Thanks
    Hattie625
    I know this is a late thread update but found out something regarding your suggestion. Sadly Tesco will be stopping this ability from 22nd April 2018 on their "Internet Saver" and "Instant Access Savings" accounts.

    I might only be left with using charities but need to factor in the cost/benefit of doing this, or look at other banks but not many do what Tesco did.
    Originally posted by Jelli
    Tip: try your local credit unions. I've opened basic savings accounts (online, no need to visit them) with two local credit unions and set up monthly DDs of £10 from my Bank of Scotland Vantage current account (currently operating with DDs to Tesco IS accounts, but that facility ends April 2018).
    Note:-

    (1) Not all credit unions have the facility to fund accounts by DD. Payroll deduction and/or standing order are more common. One credit union in my area doesn't have DD at the moment but the website says it's coming soon. This suggests that CU's won't be stopping DD deposits anytime soon (unless the facility is abused, I suppose).
    (2) Monthly amounts by DD to CU's should (I suggest) be respectable amounts. Also I suggest leaving the funds to accumulate in the CU account for at least a year.
    Last edited by Hattie625; 29-10-2017 at 9:43 AM.
    • Jelli
    • By Jelli 29th Oct 17, 6:58 PM
    • 80 Posts
    • 14 Thanks
    Jelli
    OK, thanks for that info Hattie.
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