Alliance & Leicester - Direct Saver

MarkyMarkD

This isn't a problem if you transfer money in by direct debit, which is the best method in any case.

The 8 zeros issue is an issue with the other banks, not A&L's systems. They may be able to set up a mandate to the A&L account on the phone, even if their online systems won't allow it, if their online banking systems use the concept of pre-defined payment mandates.

YorkshireBoy

MarkyMarkD wrote:

This isn't a problem if you transfer money in by direct debit, which is the best method in any case.

I'd agree, normally, but sometimes it suits to push it in rather than passing through the BACS system to get it in the linked account ready for collection by DD.

The 8 zeros issue is an issue with the other banks, not A&L's systems.

Agreed, hence my comment that Nationwide wasn't a problem.

They may be able to set up a mandate to the A&L account on the phone, even if their online systems won't allow it, if their online banking systems use the concept of pre-defined payment mandates.

I've never used telephone banking to send payments. I prefer to be/think I am 'in control' with internet banking instead.

MarkyMarkD

YorkshireBoy wrote:

I prefer to be/think I am 'in control' with internet banking instead.

I agree, too, but you can set up a mandate (by phone) and use it (by internet) with some banks, can't you?

YorkshireBoy

MarkyMarkD wrote:

I agree, too, but you can set up a mandate (by phone) and use it (by internet) with some banks, can't you?

Thanks for that MarkyMarkD - I see what you mean now. It looks like my desire to be 'in control' has left me somewhat 'out of control', as I'd never thought of that!

On closer inspection of my YB internet banking details, I see that the marshalling account number for my LTSB credit card has 8 zero's. This arrangement was set up before YB re-vamped their internet banking interface last year, and it was migrated across. I'm already using something I thought wasn't possible!

So, it looks like you're correct, and that I could indeed set up the, for example, A&L OS2 mandate by telephone and have it added to my 'payee list' for future payments - pity I'll be closing the account when the rate drops in a couple of months though.

Thanks again.