Lloyds Vantage account

Krafty

tuggy12 wrote: »

My OH is a non tax payer.

Is it possible to set up the Vantage accounts so that interest is paid gross.?

Yup! Just ask for the R85 form(s).

We opened 3 a/cs at the branch in my wife's name and filled out the R85 forms at the same time.

HTH

Krafty

jamesperrett

Krafty wrote: »

Is this one employee getting a little over zealous or is this sort of phone call a regular thing with Lloyds/TSB?

I had a similar call earlier this week after I upgraded my virtually dormant current account and transferred around 7k from another bank. I didn't tell them much but they tried hard to sell me some of their other products.

Cheers

James.

jennifernil

When I opened my first Vantage in our branch, they opened some sort of savings account as well, something that paid about 0.5% I think.

Later I arranged to send my £7k to the account, and the day before it was due to arrive a young man rang me from the branch.

"I see you are expecting a large payment into your Vantage account tomorrow" he said, "would you like us to transfer it straight into your savings account?"

Errrr.......no thanks!!

savetilibleed

jennifernil wrote: »

"I see you are expecting a large payment into your Vantage account tomorrow" he said, "would you like us to transfer it straight into your savings account?"

Errrr.......no thanks!!

Ohh they are realising how good Vantage is for people. Far better they only pay you 0.5% eh

neeryde

Baldur wrote: »

It's certainly what many of us do, from other posts on these boards. I simply set up Standing Orders on the same day from A>B, B>C and C>A and this has never been an issue and the interest has always been paid.

There is nothing in the Terms & Conditions which specifies that the minimum funding has to originate from an external source.

Can you set all of these Standing Orders on the same day or do you have to stagger them so that they are done on consecutive days
(i.e. Day 1 A>B / Day 2 B>C / Day 3 C>A) - My query would be that standing order B>C would only work after standing order A>B has gone through first).

Hope that makes sense.

Thanks,
Neil

6022tivo

Any quidco for lloyds or anything???

Baldur

6022tivo wrote: »

Any quidco for lloyds or anything???

Only on one of their credit cards, not current accounts from a quick look.

jennifernil

neeryde wrote: »

Can you set all of these Standing Orders on the same day or do you have to stagger them so that they are done on consecutive days
(i.e. Day 1 A>B / Day 2 B>C / Day 3 C>A) - My query would be that standing order B>C would only work after standing order A>B has gone through first).

Hope that makes sense.

Thanks,
Neil

If using SOs I would not do them on the same day.

Also, although SOs between Lloyds personal accounts arrive the same day, the one I set up from my V1 to V2 account for the 14th did not go until the 15th, presumably because the 14th was a Sunday this month.

Baldur

neeryde wrote: »

Can you set all of these Standing Orders on the same day or do you have to stagger them so that they are done on consecutive days
(i.e. Day 1 A>B / Day 2 B>C / Day 3 C>A) - My query would be that standing order B>C would only work after standing order A>B has gone through first).

Your choice - as I said in my original post "I simply set up Standing Orders on the same day...." and have had no problem. As all have optimum balances, there's no logical reason why one SO should await the arrival of another.

D1zzy

As long as you can fund the SO from the balance, its the end of day balance that is used for interest calculation so there should be no problem shuffling them through on the same day.