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@.

Search
  • FIRST POST
    • 7sefton
    • By 7sefton 9th Oct 17, 11:15 PM
    • 421Posts
    • 101Thanks
    7sefton
    Co-op 4 direct debits: all from Tesco savings?
    • #1
    • 9th Oct 17, 11:15 PM
    Co-op 4 direct debits: all from Tesco savings? 9th Oct 17 at 11:15 PM
    Hi there.

    I am going to switch to the Co-op for the £125 incentive..

    They require 4 active direct debits.

    I have 2 Tesco Bank savings accounts, and can set up multiple direct debits from the same savings account.

    So my question is, if I set up 2 direct debits on the 2 Tesco savings accounts, would this count as 4 active direct debits for the Co-op's purposes?

    Thanks!
Page 1
    • soulsaver
    • By soulsaver 9th Oct 17, 11:21 PM
    • 1,379 Posts
    • 467 Thanks
    soulsaver
    • #2
    • 9th Oct 17, 11:21 PM
    • #2
    • 9th Oct 17, 11:21 PM
    Yes for everyday rewards, 4DDs paying out no matter if only one Tesco 4 times PM... but not for the switch - the repeat will be seen as the same DD, so only 2.
    There are 24 bottles of beer in a crate. There are 24 hours in a day. Coincidence? I think not....
    • xylophone
    • By xylophone 10th Oct 17, 10:17 AM
    • 23,146 Posts
    • 13,413 Thanks
    xylophone
    • #3
    • 10th Oct 17, 10:17 AM
    • #3
    • 10th Oct 17, 10:17 AM
    but not for the switch - the repeat will be seen as the same DD, so only 2.
    I have two Tesco savings accounts. I had two DDs set up on each of these (different days, amounts, a/c nicknames) to pull money from a current account into these accounts.
    See post 253 http://forums.moneysavingexpert.com/showthread.php?t=5463084&highlight=tesco+direct+de bits&page=13

    I switched that current account to Co-op with no difficulty and received the switching bonus.
    • soulsaver
    • By soulsaver 10th Oct 17, 1:13 PM
    • 1,379 Posts
    • 467 Thanks
    soulsaver
    • #4
    • 10th Oct 17, 1:13 PM
    • #4
    • 10th Oct 17, 1:13 PM
    I have two Tesco savings accounts. I had two DDs set up on each of these (different days, amounts, a/c nicknames) to pull money from a current account into these accounts.
    See post 253 http://forums.moneysavingexpert.com/showthread.php?t=5463084&highlight=tesco+direct+de bits&page=13

    I switched that current account to Co-op with no difficulty and received the switching bonus.
    Originally posted by xylophone
    Seems to be conflicting opinions on this - but I have to admit I was passing on info argued on here before - not my own experience, as I have several other sources of DD. So could work for the OP.
    However if it were me, without alternate options, I'd open another 2 off TIS and set up additional DDs to be sure.
    Last edited by soulsaver; 10-10-2017 at 1:16 PM.
    There are 24 bottles of beer in a crate. There are 24 hours in a day. Coincidence? I think not....
    • Rich2808
    • By Rich2808 10th Oct 17, 7:14 PM
    • 486 Posts
    • 391 Thanks
    Rich2808
    • #5
    • 10th Oct 17, 7:14 PM
    • #5
    • 10th Oct 17, 7:14 PM
    It does work for everyday rewards payments - but best not to advertise that fact!
    • ceredigion
    • By ceredigion 10th Oct 17, 8:55 PM
    • 2,337 Posts
    • 2,875 Thanks
    ceredigion
    • #6
    • 10th Oct 17, 8:55 PM
    • #6
    • 10th Oct 17, 8:55 PM
    Co-op switching incentive
    3.3 switch in a minimum of four active Direct Debits
    Co-op Everyday Rewards
    Pay out at least four Direct Debits
    Spot the difference.


    As for the original question. if you have four mandates is will suffice. For the switching incentive
    Last edited by ceredigion; 10-10-2017 at 8:59 PM.
    • TheShape
    • By TheShape 11th Oct 17, 12:18 AM
    • 1,045 Posts
    • 804 Thanks
    TheShape
    • #7
    • 11th Oct 17, 12:18 AM
    • #7
    • 11th Oct 17, 12:18 AM
    I have two Tesco savings accounts. I had two DDs set up on each of these (different days, amounts, a/c nicknames) to pull money from a current account into these accounts.
    See post 253 http://forums.moneysavingexpert.com/showthread.php?t=5463084&highlight=tesco+direct+de bits&page=13

    I switched that current account to Co-op with no difficulty and received the switching bonus.
    Originally posted by xylophone
    I've got almost the same set-up as xylophone, only difference being my DDs are for the same amounts. Received the switching bonus and receive the rewards each month.
    • Wendy - H
    • By Wendy - H 16th Oct 17, 4:09 PM
    • 8 Posts
    • 23 Thanks
    Wendy - H
    • #8
    • 16th Oct 17, 4:09 PM
    • #8
    • 16th Oct 17, 4:09 PM
    I was planning open a Co-op account this week and start the switch from my Barclays account to the Co-op next week after payday - but the links regarding the £125 switch bonus seem to have vanished. Anyone know if this bonus has now finished ?
    • binaryuniverse
    • By binaryuniverse 16th Oct 17, 4:51 PM
    • 413 Posts
    • 208 Thanks
    binaryuniverse
    • #9
    • 16th Oct 17, 4:51 PM
    • #9
    • 16th Oct 17, 4:51 PM
    It would appear to have ended, for now. I can't see any reference to it on their site.
    However, Halifax are also offering £125, if you haven't switched to them yet.
    • EachPenny
    • By EachPenny 16th Oct 17, 4:53 PM
    • 2,483 Posts
    • 4,136 Thanks
    EachPenny
    I was planning open a Co-op account this week and start the switch from my Barclays account to the Co-op next week after payday - but the links regarding the £125 switch bonus seem to have vanished. Anyone know if this bonus has now finished ?
    Originally posted by Wendy - H
    Possibly, the bank switching offers come and go on a regular basis. Don't panic, just leave it for a few days and see if the offer is back - and check to make sure it is a good one as from time to time the new offers are less generous (but in time get replaced with a better one again ).
    "In the future, everyone will be rich for 15 minutes"
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

677Posts Today

6,303Users online

Martin's Twitter
  • RT @LordsEconCom: On Tuesday Martin Lewis, Hannah Morrish & Shakira Martin gave evidence to the Cttee. Read the full transcript here: https?

  • Ta ta for now. Half term's starting, so I'm exchanging my MoneySavingExpert hat for one that says Daddy in big letters. See you in a week.

  • RT @thismorning: Can @MartinSLewis' deals save YOU cash? ???? https://t.co/igbHCwzeiN

  • Follow Martin