save the change + online saver

paulgilroy31

for max benefit you have to make 60 swipes on your card for something and a penny in each of the promo months this would transfer 50 of your own cash plus 50 matched from lloyds each month into your saving acc

shazkhan111

paulgilroy31 wrote:

for max benefit you have to make 60 swipes on your card for something and a penny in each of the promo months this would transfer 50 of your own cash plus 50 matched from lloyds each month into your saving acc

yes i understand this......but how can this be done?

magpiejay

yet to be confirmed, but visa debit transactions via paypal look like a goer. Either 1p e-books or maybe even sending money to yourself (from a personal paypal account to a business one)

shazkhan111

anyone have any other thoughts

Cypher

Deleted_User wrote:

Similarly, I think the only way to move funds between the Lloyds Current account (Classic, in my case) and Regular Saver is by standing order.

I do have a standing order set up from my classic current account into the monthly saver. The Standing order is set for 1st of the month and is usually set for £50 a month (my childrens tax credit money) but depending on what I have left at the end of a month, I modify the standing order so that I can pay a bit extra.
This month I will pay an extra £50 out of that £250, and leave the £200 for general spending in order to take advantage of the save the change offer.

shazkhan111

just had a thought on this....if u did 60 1p transactions......would they block ur debit card as fraud....if so how do we prevent this?

shazkhan111

im guessing that the matched funds will be credited a month later....but your own saving are moved on the same day as the debit card transaction?

paulgilroy31

you could put fuel in your car for say five pound and a penny or you could open a coral betting account and pay in something and a penny do this twice a day for 26days in each month then youre at you limit regards cash back from lloyds good thing with betting acc is you can move the money back

shazkhan111

paulgilroy31 wrote:

you could put fuel in your car for say five pound and a penny or you could open a coral betting account and pay in something and a penny do this twice a day for 26days in each month then youre at you limit regards cash back from lloyds good thing with betting acc is you can move the money back

sounds like a good idea.....bet they will block my card as fraud!!!

probably means going to a few petrol stations to get a full tank of petrol.

tom188

Would a betting transaction be classed as a purchase though?

Normally these are considered cash withdrawals (eg with credit cards) as this is in effect what you are doing. There is no "purchase".