Lloyds TSB Save The Change

M_Thomson

nickm122 wrote:

She did'nt come up with it, she was just passing the info on. And M Thomson, you should be ashamed of yaself!

I'd be ashamed of spelling like that! Yaself???!??! Please do tell me what I have to be ashamed of? I was simply stating something obvious.

grumpycrab

ffacoffipawb wrote:

1/2 £4.01 to egg savings; £5.01 to egg money;
2/2 £1.01 to egg savings; £1.01 to egg money
3/2 £1.01 and £2.01 to egg savings;

Only £2.44 showing as "savethechange" at the moment - this is the 2 egg ones

Stupid question. How did you use your debit card to make the egg payments? I tried a couple of payments using the Internet and they don't count as DEBit card transactions but as Bill Payments.

Confused.

fnarkfnark

grumpycrab wrote:

Stupid question. How did you use your debit card to make the egg payments? I tried a couple of payments using the Internet and they don't count as DEBit card transactions but as Bill Payments.

Confused.

AFAIK, you can't on the Lloyds site, you need to do this on the Egg site.

If you have an Egg card, log in and you can either 1) Make debit card deposits to your Egg savings account, or 2) Egg pay account - all using your Lloyds debit card.

Paul_Herring

Prudent wrote:

How is everyone getting on with their purchases? Today I spent £0.25 x 3 (thorntons) , £2.16 (Tesco) and £1.08 (morrisons).

Well I opened the saver account and registered it last Wednesday, and nothing seems to be happening yet - how do the transactions appear on the online statement? Rounded up? Extra/separate transaction?

YorkshireBoy

Paul_Herring wrote:

Well I opened the saver account and registered it last Wednesday, and nothing seems to be happening yet - how do the transactions appear on the online statement? Rounded up? Extra/separate transaction?

Paul, I can confirm that everything happens exactly as they say it will in the offer T&C's.

My first transactions were 3 lots of £1.01 payments on Thursday 1st Feb, and these affected my 'available' balance immediately. The transactions were then listed on my statement the next day, Friday 2nd Feb - and an aggregated STC pending payment for £2.97 was showing in my 'payments and transfers' area scheduled for 2nd Feb, ie the same day.

However, because the end of the Friday 2nd Feb banking day can 'technically' be Sunday 4th, no payment was made on the 2nd. This lunchtime though, the £2.97 was transferred to my online saver account.

I expect the fact that the 1st Feb launch date fell on a Thursday is what is causing the confusion as to whether the promotion is working or not. Come tomorrow (when Fri/Sat/Sun transactions are processed), and all the way to Thursday, I expect we'll see a hive of activity in our online areas.

mary

Exactly what happened in my case as well. In fact there seems no need to buy anything at all, simply get paid for transferring your own money from Lloyds to Egg. Staggering it through the month, so as not to set any alarm bells ringing and doing it all in one fell swoop, tempting as though it may be.

Paul_Herring

YorkshireBoy wrote:

and an aggregated STC pending payment for £2.97 was showing in my 'payments and transfers' area scheduled for 2nd Feb, ie the same day.

I have transactions listed for both the 1st and 2nd of Feb, but nothing on my Transfers and Payments screen

YorkshireBoy

Paul_Herring wrote:

I have transactions listed for both the 1st and 2nd of Feb, but nothing on my Transfers and Payments screen

Are you 'fully' registered?

The reason I ask is that I've just seen a post on the stoozing site where someone had opened a receiving account (the online saver) but had not funded it with the necessary £250.

Dagobert

It would appear that a debit card payment shows on the statement a working day later. And the Save the Change payment is scheduled for the second working day.

Therefore I will make my last payments for February on the 26th to be on the safe side.

ffacoffipawb

mary wrote:

Staggering it through the month, so as not to set any alarm bells ringing and doing it all in one fell swoop, tempting as though it may be.

It's all automatic anyway. As long as it is a valid payment, even multiple silly £1.01 transactions, they have to be honoured. Unless they change the offer which means get as many transactions through asap before they do stop these payments being "save the change" payments.

I will do another 4 £x.01 transactions to egg savings tomorrow (x =1,2,3 and 4). That will be a free £3.96p from Lloyds TSB!

Repeat daily until I hit the magic £50.00 total save the change this month.

Repeat process next month!

Wonder why Lloyds deducts tax from the matching bonus. Barclays didn't deduct tax from the £100 I got for opening a short-lived account with them last year. Neither can be classed as income, as such, so why is one taxed and the other not?