New Lloyds Vantage current account

Vortigern

Why is Tesco cancelling DDs?

Is it because:

• the DD has never been used? (How long has it been inactive?)
• the DD is for a trivial amount? (How much?)
• there are too may DDs on your Tesco account? (How many?)

Just checked my Tesco account and there are 4 DDs, each of which pulls in £1 monthly.

innovate

Vortigern wrote: »

Just checked my Tesco account and there are 4 DDs, each of which pulls in £1 monthly.

I got 8 of these. No probs.

missile

Vortigern wrote: »

Why is Tesco cancelling DDs?

Is it because:

• the DD has never been used? (How long has it been inactive?)
• the DD is for a trivial amount? (How much?)
• there are too may DDs on your Tesco account? (How many?)

Just checked my Tesco account and there are 4 DDs, each of which pulls in £1 monthly.

My wife and I have a total of 7 accounts with 4% Vantage. We have a total of 12 Tesco DDs. Both DDs on two accounts were cancelled. As far as I can tell there is not reason, but it has happened to a few of us.

I have no idea if they were cancelled by Tesco or LTSB and to be honest I don't really care why. I am pleased LTSB informed me and gave me extra time to create another four DDs

mary

missile wrote: »

My wife and I have a total of 7 accounts with 4% Vantage. We have a total of 12 Tesco DDs. Both DDs on two accounts were cancelled. As far as I can tell there is not reason, but it has happened to a few of us.

I have no idea if they were cancelled by Tesco or LTSB and to be honest I don't really care why. I am pleased LTSB informed me and gave me extra time to create another four DDs

Have you checked that you have actually received 4% on all 7 accounts? I was only given it on 3 out of my 4.

innovate

missile wrote: »

I am pleased LTSB informed me and gave me extra time to create another four DDs

Did you do them at Tescos again?

missile

mary wrote: »

Have you checked that you have actually received 4% on all 7 accounts? I was only given it on 3 out of my 4.

I had that issue with one of our accounts too and had to phone LTSB. I did discuss on a previous post. Surprisingly I did get 4% on both accounts where the DDs had been cancelled.

missile

innovate wrote: »

Did you do them at Tescos again?

Yes I did and all seems to be working now :beer:

bettz

carpy wrote: »

i've got £15.51 on 3 and £9.73 on the other 3.

dd's set-up but not taken since 5th Oct

Why am i only getting £13.99 & £13.12 if you dont mind me asking what balance do you keep on the account to get the full amount? as i was scared to go over £6,000

innovate

bettz wrote: »

Why am i only getting £13.99 & £13.12 if you dont mind me asking what balance do you keep on the account to get the full amount? as i was scared to go over £6,000

How much did you have in your accounts, and for how long? For £6K in the account for all of December, the "4%" interest is £15.51.

No reason to be scared to go over £6K - you just won't get any interest on any balance over £6K.

carpy

just checked my tesco dd's and they are still all there....not cancelled as some have reported.

just to be safe i've set up another £1 'one-off' payment to keep them ticking over!