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  • FIRST POST
    • buyhighselllow
    • By buyhighselllow 12th Feb 18, 3:17 PM
    • 50Posts
    • 28Thanks
    buyhighselllow
    M&S DD's for bonus and regular saver ?
    • #1
    • 12th Feb 18, 3:17 PM
    M&S DD's for bonus and regular saver ? 12th Feb 18 at 3:17 PM
    Hi

    DAK if the 2 direct debits have to be monthly for this account..? Its says "2 active direct debits" so wandering if I could get away with a quarterly or annual one's as getting a short of ones I can shuffle.

    Also, do you need to have 2 DD's to get the 5% regular saver ?

    Cheers
Page 1
    • Katiehound
    • By Katiehound 12th Feb 18, 3:54 PM
    • 4,261 Posts
    • 38,584 Thanks
    Katiehound
    • #2
    • 12th Feb 18, 3:54 PM
    • #2
    • 12th Feb 18, 3:54 PM
    Active DDs can be annual, quarterly, monthly....... whatever for M&S.
    T&cs- I don't know! But I still have £1k circulating and 2 x annual DDs to keep account open with access to their RS.
    Being polite and pleasant doesn't cost anything!
    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling : Entrant 8 ...840MM (84p) + RK 7p= 91pence
    • badger09
    • By badger09 12th Feb 18, 4:13 PM
    • 5,760 Posts
    • 5,229 Thanks
    badger09
    • #3
    • 12th Feb 18, 4:13 PM
    • #3
    • 12th Feb 18, 4:13 PM
    Hi

    DAK if the 2 direct debits have to be monthly for this account..? Its says "2 active direct debits" so wandering if I could get away with a quarterly or annual one's as getting a short of ones I can shuffle.

    Also, do you need to have 2 DD's to get the 5% regular saver ?

    Cheers
    Originally posted by buyhighselllow
    You definitely need 2 active DDs when you open the Monthly Saver.
    You also need to have switched a current account to them

    https://bank.marksandspencer.com/save-invest/monthly-saver/

    There is nothing in the T&Cs which says you have to keep the DDs paying regularly, but as Katiehound says, they only have to be active.

    In which case, why take the chance - just use annual DDS
    • sparkiemalarkie
    • By sparkiemalarkie 12th Feb 18, 4:28 PM
    • 433 Posts
    • 142 Thanks
    sparkiemalarkie
    • #4
    • 12th Feb 18, 4:28 PM
    • #4
    • 12th Feb 18, 4:28 PM
    Just this minute spoken to M&S bank re DD's.
    The direct debits need to pay out at least once in every 12/13 months to keep them 'active'.
    They don't need to pay out every month.


    HTH


    sparkie


    ps you must have 2 dd for the regular saver
    • buyhighselllow
    • By buyhighselllow 12th Feb 18, 4:34 PM
    • 50 Posts
    • 28 Thanks
    buyhighselllow
    • #5
    • 12th Feb 18, 4:34 PM
    • #5
    • 12th Feb 18, 4:34 PM
    cheers !

    got some wriggle room then when the switch is complete
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