'Earn 6.5% plus £60 of Tesco Deals' article discussion area

anna42hmr

still no card yet to use with the reader and pin! all i can say is thank god they let me withdraw over the phone

Tibbledom

anna42hmr wrote: »

still no card yet to use with the reader and pin! all i can say is thank god they let me withdraw over the phone

I was getting a bit worried about you as your previous post was so positive. This latest post is much more reassuring! Know where you are coming from though. Hope you get your card soon.

My card was first thing to come followed by the pin 4 days later. And exactly 15 days after ordering it, the card reader was there on the door mat when I came in today. And was very easy to set up. So I'm up and running now.
:T

Can't work out what their thinking is on the interest rate. It's only going down on 27th November and then only by 0.5%. Will they try and reduce it again after that? Not sure what to expect. At least with faster payments can move it out should I need to. Still looking worth the effort to open the account - I think!

anna42hmr

thanks, glad you have your reader has come.

i was wondering that too about the interest rate drop, the 0.5% one is the last interest rate cut that they have delayed passing on, so makes me wonder if a month down the line they may pass the 1.5 cut on as well, only time will tell i suppose

malc_b

How are faster payments working for everyone? I'm trying to move money from my halifax to tesco net saver. I first tried a £1 test transfer. That was ok. The the other day I tried a big transfer - found out that halifax have a £500 faster payment limit so it tried to do as as BACs. Deleted that and tried 500 - FPS ok. Then did another 500 again ok. Gave up then as was running near to cut off time. Today tried to do that same thing again and fell back to BACs.

So my experience of FP halifax -> tesco is that is only rarely works. Seems like 50% it falls back to BACs. Is that tesco's fault or halifax's? Does anyone else have problems with halifax or tesco FP?

roddydogs

How long is it going to stay 6.5%?

MimiJane

Til 27/11 ... as per Tiddledom's post above.

Tibbledom

malc_b wrote: »

So my experience of FP halifax -> tesco is that is only rarely works. Seems like 50% it falls back to BACs. Is that tesco's fault or halifax's? Does anyone else have problems with halifax or tesco FP?

I think the problems are from the Halifax side of things. I've had no problems moving money from First Direct to Tescos by Faster Payments but haven't tried it other way round yet. See this thread which is about recent problems with Halifax Faster Payments.

http://forums.moneysavingexpert.com/showthread.html?t=1269991&highlight=halifax+faster+payments

The Halifax info on Faster Payments i.e how it should work is at

http://www.halifax.co.uk/onlinebankinghelp/fasterpayments.asp

Info about Faster Payments from the Tesco side is at

http://www.tescofinance.com/personal/finance/savings/savingsaccounts/faster-payments.html

Also if you do a forum search for Faster Payments there are quite a few threads which mention Halifax.

Hope this helps.

anna42hmr

malc_b wrote: »

How are faster payments working for everyone? I'm trying to move money from my halifax to tesco net saver. ?

mine seemed to work fine, i called them on saturday night and was showing on my lloyds current account on sunday (but with mondays date by it) did mine via the phone though

and guess what no card still! what use is the pin and reader without the card lol!

10_66

Having applied for this account getting on for 3 weeks ago, the £1 opening cheque has been cashed today, which presumably means that the account has been opened. I think I'm supposed to receive a letter with account number and sort code next, but is that all I need to be able to log on to view the account? Do I need a customer number, and if so how do I find this? From reading this thread, I understand that I will need a card reader and card in order to make any withdrawals, which I gather will be automatically requested when logging on for the first time.

Tibbledom

10_66 wrote: »

Having applied for this account getting on for 3 weeks ago, the £1 opening cheque has been cashed today, which presumably means that the account has been opened. I think I'm supposed to receive a letter with account number and sort code next, but is that all I need to be able to log on to view the account? Do I need a customer number, and if so how do I find this? From reading this thread, I understand that I will need a card reader and card in order to make any withdrawals, which I gather will be automatically requested when logging on for the first time.

On the same day your cheque is cashed they send out a letter telling you your account is opened (with acc no and sort code). You then have to register for internet banking (you get your customer number at this point but is easy to miss but can be retrieved later). You have to send back to them ANOTHER signed letter. At this point you cannot view your account but can pay money in through BACS or Faster Payments (if your bank is in the FP scheme).

They then send you a registration code and you can finally view the account. You have to proactively order a card reader on-line although they don't tell you you need to do this and it is NOT automatic (can be ordered by phone earlier in the process to save time). They send you a card, pin and card reader (about 14 days from ordering). Until you have the card reader, pin and card you can't withdraw money (except a single telephone withdrawal for up to 10K it appears).