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regular transfer with ING
halcyon_drift
Posts: 54 Forumite
is it possible to set up a regular transfer (standing order style thing) from an ING account to a current account. infact, is it possible to set up a standing order from any savings account????
Halcyon
Halcyon
A shadowy flight into the dangerous world of a man who does not exist.
A young loner on a crusade to champion the cause of the innocent,
the helpless, the powerless, in a world of criminals who operate above the law.
A young loner on a crusade to champion the cause of the innocent,
the helpless, the powerless, in a world of criminals who operate above the law.
0
Comments
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is it possible to set up a regular transfer (standing order style thing) from an ING account to a current account. infact, is it possible to set up a standing order from any savings account????
Halcyon
This doesn't seem to be the case, Halcyon. The problem lies in the 'standing' part of a 'standing order'.
I know that ING allows future dated withdrawals to your bank account to be created - but I suspect that it only one-at-a-time. Also, ING won't currently allow you to pay to any other account except a nominated bank account [by a 'reverse' direct debit?], AFAIK.
Current accounts should allow the creation of 'online banking' [or 'bill payment'] details for as many separate organisations' bank accounts as you want - these payments go through the 'BACS' system - but, again only one at a time, AFAIK [The much-missed Zurich Bank account was more sophisticated and may have allowed the specification of repated 'one-off' future payments up to 12 months ahead
] [You might like to ask ING if they would do a BACS payment for you - as many savings accounts do - but I wouldn't 'bank' on it :-[]
Egg offers the equivalent one-off payments, but not future dated ones, unless you phone or message them to request these - so a bit inconvient.
The 'new' cahoot account allows future dated 'one-off' payments - although I have not tried this yet - so combines the features of both other accounts.
In the absence of anything more, therefore, you are left with the option of setting up advanced payments one month at a time or else going for a higher interest bank account with the 'full features'......under construction.... COVID is a [discontinued] scam0 -
much appreiciated for taking the time to explain that, me thinks it is time to rejig the old bank accounts...NIGHTMARE.
thanks
halcyonA shadowy flight into the dangerous world of a man who does not exist.
A young loner on a crusade to champion the cause of the innocent,
the helpless, the powerless, in a world of criminals who operate above the law.0 -
It is possible to set up a "regular withdrawal" from IF.
Of course this could be a repeat BACS payment rather than a standing order, but it is certainly available on my savings account.0
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