Lloyds TSB Save The Change

seven-day-weekend

Do Direct Debits count?

Do I have to register for anything, as I already have current accounts and savings accounts, or does it happen automatically?

tomstickland

It's a bit of fun for some free money, so I like it.

jonesMUFCforever

Yes you will have to register - look at the website.
I think it is debit card transactions only.

Robert_Sterling

Phoenix79 wrote:

What about of you're in your overdraft? Surely taking (more) money from your account and sticking it in a savings account is countereffective if the apr on the overdraft is more than the savings account? Or have I got it wrong?!

You have got it wrong.

An example:-

You spend £1.01
They charge you £2.00
From which you will have £0.99 put aside in your savings account
Then in due course they double it to £1.98
Then you get the £1.98 back.
So that you bought something worth £1.01
You paid £2.00 and got £1.98 back
Thus the £1.01 item cost 2p

Great. I think this needs a bigger audience.

See new thread

k18dan

What a fantastic Idea, just signed up, lots of buying milk, bread and choc bars on my debit card in Feb and March me thinks:j

jonesMUFCforever

Robert_Sterling wrote:

You have got it wrong.

An example:-

You spend £1.01
They charge you £2.00
From which you will have £0.99 put aside in your savings account
Then in due course they double it to £1.98
Then you get the £1.98 back.
So that you bought something worth £1.01
You paid £2.00 and got £1.98 back
Thus the £1.01 item cost 2p

Great. I think this needs a bigger audience.

See new thread

Your account will only be ''saved'' if in credit.
If you are overdrawn they will not make any transfer to your savings account even if you are within an authorised overdraft.

ffacoffipawb

k18dan wrote:

What a fantastic Idea, just signed up, lots of buying milk, bread and choc bars on my debit card in Feb and March me thinks:j

Would making a paypal payment from the debit card of £0.01 to one's own paypal account work to get a free 99p?

Melissa177

In summary, in order to get your "free" £100, you have to start with £102 in your account to begin with.

Then buy 51 things for 1p during Feb... Getting 99p added to savings each time to make £50.49. This then has £50 added to it.

Do the same in March... And then get another £50 added.


I doubt that many people will bother to do this, however, which is where LTSB win.

YorkshireBoy

Melissa177 wrote:

In summary...buy 51 things for 1p during Feb...Do the same in March...

I doubt that many people will bother to do this...

So do I. Fortunately, there are far easier ways to exploit this offer. For example, LTSB have told me that...

• matched betting/casino deposits
• payments to savings accounts
• payments to credit card accounts

...are all qualifying debit card transactions.

k18dan

YorkshireBoy wrote:

[*]payments to savings accounts
QUOTE]

Dose this mean when you move money from you LloydsTSB current acount to you LlTSB online savings, via internet banking??