Savings account for direct debits?

ses6jwg

I am moving in with a couple of friends and we need to set up a system for paying bills.

I don't really want to link ourselves financially via a current account.... would opening a joint savings account..

such as this YBS account:

http://www.ybs.co.uk/savings/easy_access/cash_transactor.html

that facilties direct debits, show up on a credit report?

ian_h

No, its a saving product so wont link you financially (I have one and know it doesnt report to the CRA's)

bengalknights

No savings account dont show up on credit reports at all as there not credit products, the only trace they will have is an id check which is only viewable by yourself.

ses6jwg

excellent, seems like a good option in that case

Kittenkirst

Thanks for this info; I too am moving out and looking for an account for bill payments and this looks perfect Ta!