Changes to Reward and Ultimate Reward Accounts

Nine_Lives

ukflippy wrote: »

Now I'm thinking of various ways of setting up these direct debits to keep that cash rolling in

Thing is, a lot of people can't be bothered.

I get laughed at for the lengths i go to to get that extra % interest or that extra £5 per month. ATEOTD, i'm the one picking up 1-2 months worth of extra pay each year. It covers Xmas presents, fuel bills, car repair, whatever - it's money i wouldn't have had & it's essentially FREE, aside from putting in a bit of leg work.

We've all been given ample warning of the change that is coming, so how difficult is it to open a few online accounts, set up £1 transfers & continue to pick up that £60/£120 per year (or £90 if you share )? Not difficult at all is my response. Someone offers me £90 i wont say no.

But to some it's too much hassle. You telling me that they wont have 15-30 minutes spare in a day to set all this up between now & then? I don't believe it. Well worth it IMO.

Gromitt

When I opened my Nationwide mySave account, they gave me the option of transferring the 1K via Direct Debit or Cheque.

myth123

derrick wrote: »

Will wait for my log in details from Nationwide and see if I can do the same without cheques, if not I will try another account that doesn't need an opening cheque.

I just opened the Nationwide Mysave, the initial email says you have the option to deposit the money into your account through a bank transfer (or to set up the DD to make the deposit - this was on the initial application though). It says the Mysave account has to be funded within 45 days of application.

dave_dph

Just opened my Tesco Internet Saver account with the monthly direct debit starting from February. I think I'll move my tv licence direct debit over to Halifax as this one doesn't earn cash back from my Santander 123 account.

A few minutes of my time in order to retain my £5 monthly reward! :j

innovate

dave_dph wrote: »

I think I'll move my tv licence direct debit over to Halifax...

Just remember that costs more than a fiver a month :cool:

dave_dph

Yeah I've set up a monthly standing order from Santander to Halifax.

derrick

myth123 wrote: »

I just opened the Nationwide Mysave, the initial email says you have the option to deposit the money into your account through a bank transfer (or to set up the DD to make the deposit - this was on the initial application though). It says the Mysave account has to be funded within 45 days of application.

My existing account is Investdirect, I was told I can set up a DD on it but will still need to wait for my log in details as I did not have internet banking set up, if they request a cheque I may just open another account some where else and save going into Halifax to request a cheque book.

.

ninetynine

I'm really glad I spotted this thread whilst having a quick browse yesterday. Are Halifax going to write to us about this?

I have opened a Post Office online saver and set up a £1 Direct Debit - took me less than 10 minutes. Easy peasy.

Once I get the £100 from the Co-op in March(ish), I will move my Direct Debit for my Santander savings account to Halifax. Job done.

GetRealBabe

dave_dph wrote: »

Just opened my Tesco Internet Saver account with the monthly direct debit starting from February.
A few minutes of my time in order to retain my £5 monthly reward! :j

Hi

Me too. Plus I've set up a DD for my broadband payments via a £20.00 standing order from another account.

mr_fishbulb

Going to set up 2 x £1 charity DDs on each account - it's free money, might as well give something back.

Here's some I've found so far that will take £1 direct debits:

https://www2.amnesty.org.uk/giving/donate/give-monthly

http://www.unicef.org.uk/Donate/give-monthly/

http://www.redcross.org.uk/Donate-Now/Regular-Giving-Appeals

http://england.shelter.org.uk/donate

http://www.oxfam.org.uk/donate