New Lloyds Vantage current account

zerog

I popped into a branch yesterday because I wanted to find out my internal score as well. The cashier spent about 5 minutes pressing buttons on her keyboard and then decided on something. She then said 'you already have Vantage on your account.'

I said, 'I know. I want to add the 4% thingy.'

She said, 'It's already on there.'

I said, 'No. You have to set something on the system to get it added on.'

She said, 'All Vantage accounts should have this now.'

I said, 'No. This leaflet (which you are displaying on your desk) says you need to visit a branch for them to do something. If it was already on, why would it tell me to visit a branch?'

She said, '... let me speak to my manager.'

Manager said, 'She meant that if you opened your account in the past few days, it should have the 4% already set. Let me take your account number and I'll get it done. It should take a few days.'

I said, 'OK... I was actually going to see if you wanted to sell me anything (since you send me a letter monthly asking me to phone the branch for a "chat"), but maybe "next time."'

Today I called the 0800 number and he found it was only on one of my accounts. He set it up on the other two instantly. kthxbye.

adindas

I have done mine via phone banking. I t just took abut 15 minuted to upgrade. I upgraded it from my existing Vantage A/Cs which already have more than 2 DD.

bettz

I'm going to upgrade my vantage on monday, Why is everybody setting up tesco direct debits?? also can i just set up 2 direct debits to my halifax savings account instead?

sailerboy

bettz wrote: »

I'm going to upgrade my vantage on monday, Why is everybody setting up tesco direct debits?? also can i just set up 2 direct debits to my halifax savings account instead?

You need to set up 2 DDs with Halifax to draw money OUT of Lloyds. And Halifax will not allow you to set these up.

bettz

Damn!!!!!!!!!!!! Natwest,First Direct? or is it just tesco?

adindas

bettz wrote: »

I'm going to upgrade my vantage on monday, Why is everybody setting up tesco direct debits?? also can i just set up 2 direct debits to my halifax savings account instead?

I am quite sure but I think what you mean here is Standing Order (SO), not Direct Debit (DD) which is different. The term sometimes confuse people
You can not set up SO to a saving account.

bettz

Ok confused so how come the tesco accounts are direct debits & not (SO)? Sorry if that sounds dumb

YorkshireBoy

adindas wrote: »

I am quite sure but I think what you mean here is Standing Order (SO), not Direct Debit (DD) which is different. The term sometimes confuse people
You can not set up SO to a saving account.

I think you're confusing yourself!...and bettz

innovate

bettz wrote: »

Ok confused so how come the tesco accounts are direct debits & not (SO)? Sorry if that sounds dumb

Not sure why there's talk about SOs. You need Direct Debits for the 4% Vantage. If you can't do them all at Tescos, there are some further ideas here.

savetilibleed

bettz wrote: »

Ok confused so how come the tesco accounts are direct debits & not (SO)? Sorry if that sounds dumb

When you set up a Tescobank savings account, THEY set up a direct debit with your bank account (linked account). When you want to make a payment into the Tesco account, they 'pull' the money using the DD from your bank account. When it is in (can be as little as £1) it will show in your LTSB DD list as £1 and the date, hence showing DD activity, which seems to be required occasionally for the interest to be earned.