Lloyds TSB Save The Change

YorkshireBoy

k18dan wrote:

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

You wouldn't use a debit card for that transaction. I'm talking about online savings accounts that allow you to deposit funds by quoting your debit card details.

Melissa177

YorkshireBoy wrote:

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.

Ker-ching!

trets77

if thats the case then simply deposit 51 x £5.01 into a betting account. and withdraw the whole lot back next day.


easy money !!!!!!!!!!!!!!!!!!

M_Thomson

trets77 wrote:

if thats the case then simply deposit 51 x £5.01 into a betting account. and withdraw the whole lot back next day.


easy money !!!!!!!!!!!!!!!!!!

This might end up blocking your card, as the bank fraud detection software may not like it!

trets77

i have a lot of betting/ poker accounts at least enough to strech to 15 days of different companys.

if they yell fraud i,ll yell no just me grabbing your freebie :dance:

i fancy one of thoose speed camera Sat Navs with my free money

Paul_Herring

trets77 wrote:

i fancy one of thoose speed camera Sat Navs with my free money

Don't you have to pay for the speed camera bit for the one you're thinking of (either initially, or for an ongoing subscription)?

Just get a normal SatNav which will work with one of the free PoI services. Send me a private message if you want a reccommendation.

muddyfox470

Basically all I see this as is that:

Taken normally every purchase you make (from when the scheme starts) it will be rounded up to the nearest pound - i.e. £0.66 on bread will be debited from your debit card/account and 34p (1-0.66) will be paid into your savings account automatically.

Only during the months of February and March will they match the money that is transferred into your savings account minus the tax that is applicable to you, up to a maximum of £50 per month. i.e. in the first two months if you had the same above purchase 34p + (34p - tax) will be paid into your account.

After the 2 month trial period the scheme will continue, unrewarded, and you will just be transferring the small amounts of cash into your savings account.

All this is is a scheme to help you save, and promote the use of their debit card for small purchases (of which they earn money from retailers), and so you see how much you can 'save' in your savings account. This is just a marketing ploy to make you use your plastic as apposed to petty cash, which makes them quids in eventually. (especially when people have been shown to spend more on their debit card than if they were using cash)
I must admit that this is a clever scheme, not only to help people save but also as a marketing gimmic too.

But its nice of them to give you 'free' money for a bit

Ian

HazelEyes_3

Does anyone know of any referrer sites where you can get cash or points for opening a new Lloyds account?

gunton10

sounds good if anyone can find one

Milarky

k18dan wrote:

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

No -only to external accounts as far I as I understand. An example of this is when paying into an Egg savings account - which 'pulls' deposits from out of your nominated current account via the [LTSB] debit card. Deposits amounts into Egg can start at £1 (I think) That would be an excellent device if it worked out under the STC scheme....