Santander123 As A Savings Account?

G_M

innovate wrote: »

Must be DDs.

Check out Tesco, Post Office savings accounts for DDs. Plenty of info on the forum.

Payal?
Monmouthshire BS?

eskbanker

CCFC_80 wrote: »

Do they have to be 2 direct debits you have to set up or can they be standing orders instead. I would like to set up this account but as a non home owner don't have any direct debits. What would be the easiest way to set up 2 direct debits to qualify for the account. Any advice welcome

If the savings options aren't for you as per posts above, there are always charities that would be happy to take donations by DD. Also even as a non home owner, don't you have any bills for utilities, mobile phone contracts, etc, that can be paid by DD (and qualify for Santander's cashback)?

CCFC_80

eskbanker wrote: »

If the savings options aren't for you as per posts above, there are always charities that would be happy to take donations by DD. Also even as a non home owner, don't you have any bills for utilities, mobile phone contracts, etc, that can be paid by DD (and qualify for Santander's cashback)?

Sorry don't have any bills for utilities or mobile phone contracts, car insurance, etc


Thank you for your input though. Considering this, apparently you can make a donation by DD to the conservative Party. Do you think they would action a one off payment for a £1.00 as that is all I would want to contribute to them.

CCFC_80

Okay I think I have 2 then. A £1.00 donation to the Conservative party and to set up up a paypal account linked to the Santander 123 just with an active direct debit mandate set up. Anyone confirm that should be sufficient?. Thanks in advance

YorkshireBoy

CCFC_80 wrote: »

Anyone confirm that should be sufficient?

Yes, providing both DDs pay out at least once per year (preferably more frequently for your safety).

badger09

CCFC_80 wrote: »

Okay I think I have 2 then. A £1.00 donation to the Conservative party and to set up up a paypal account linked to the Santander 123 just with an active direct debit mandate set up. Anyone confirm that should be sufficient?. Thanks in advance

Yes

Just make sure you use the Paypal DD at least once a year to keep it 'active'

eskbanker

CCFC_80 wrote: »

Sorry don't have any bills for utilities or mobile phone contracts, car insurance, etc

Things have obviously changed a bit in the past few months then!

https://forums.moneysavingexpert.com/discussion/comment/63765653#Comment_63765653

CCFC_80

eskbanker wrote: »

Things have obviously changed a bit in the past few months then!

https://forums.moneysavingexpert.com/discussion/comment/63765653#Comment_63765653

Ahrrgh , Trying to catch me out Eskbanker, but without success.

You must either have a very good memory or perhaps you need to get out a bit more if you have time to check posters previous posts.:D.

Yes circumstances have changed, Both Car & home insurance payment were paid perhaps now regrettably by other means. Those direct debits are no longer in place and to be honest didn't anticipate the account still operating it's 3% interest as I expected that to get pulled at any time. But hey ho, It's still there.

Thanks still though for your input.

LaurenDeM

Not based full time in UK and thinking of opening this account , where you need to "live permanently in the UK"

Any thoughts, are they ever likely to find out / care ??

datostar

LaurenDeM wrote: »

Not based full time in UK and thinking of opening this account , where you need to "live permanently in the UK"

Any thoughts, are they ever likely to find out / care ??

If they did find out or suspect that you'd misled them you might find it difficult to get the money back. Banks are pretty quick to freeze accounts nowadays.