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small payments ok?

i noticed a few threads where people pay of pennies on their debts daily. Do they actually pay this or put it in a pot and pay a lump sum.

If they actually pay do the banks not charge for making such small payments?
Baby Girl Born May 2011
Baby Boy Born Nov 2012

Comments

  • crazyguy
    crazyguy Posts: 5,495 Forumite
    I bank with halifax and do not pay any fees for payment going out of my account under a certain amount I think its a £1000.00 for same day transfers ?

    Probably not worth while making a payment a day though, I would say keep them and do one a week if needs be !
  • vasseur
    vasseur Posts: 3,093 Forumite
    Part of the Furniture Combo Breaker PPI Party Pooper Debt-free and Proud!
    I do this. I bank with Natwest and make small payments online (just rounding down my balance) to Barclaycard. I generally do it daily because that way i don't notice it!

    Neither bank charges me.
    It's not how far you fall - it's how high you bounce back.... :j
    Happiness is not a destination - it's a journey :)
  • laura2481
    laura2481 Posts: 4,305 Forumite
    1,000 Posts Combo Breaker
    Pop over here: https://forums.moneysavingexpert.com/discussion/3331028
    I'm sure all the guys over there would be happy to go through all the whys and wherefores and how they do it.
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