Changes to Reward and Ultimate Reward Accounts

YorkshireBoy

Steve_xx wrote: »

Well now, the BoS demands 1k a month to go through it. Yet the new rules for the Halifax accounts will only need £750 fed through them. I think I'll stick to 1k for the lot to save confusion.

My £1,000 figure related to the period up to 1st May.

However, the point I was trying to make was should we now fund these current accounts (I now have 10 within LBG) from outside their respective entities?...from outside LBG even?

I have enough current accounts (another 6 on top of the 10 mentioned above!) plus a few other savings accounts which would enable me to do that, but is it/will it be really necessary?

Hominu

LittleVoice wrote: »

Self-service tills at supermarkets are a non-embarrassing way to spend smallish amounts on a card.

I bought a Yorkie bar today on my 3% cashback Aqua card. Total 59p. Assistant noticed and said "That machine doesn't accept cash", to which I replied "Thats fine, I can pay with card". He gave a confused look and left me alone.

YorkshireBoy wrote: »

However, the point I was trying to make was should we now fund these current accounts (I now have 10 within LBG) from outside their respective entities?...from outside LBG even?

There's nothing in the T&Cs that says you need to, so why introduce extra hassle? TSB 1->TSB 2->TSB 3->Halifax->BOS

Steve_xx

YorkshireBoy wrote: »

My £1,000 figure related to the period up to 1st May.

However, the point I was trying to make was should we now fund these current accounts (I now have 10 within LBG) from outside their respective entities?...from outside LBG even?

I have enough current accounts (another 6 on top of the 10 mentioned above!) plus a few other savings accounts which would enable me to do that, but is it/will it be really necessary?

I reckon we're ok to continue as is with the monthly transfers.

innovate

I'm not touching my carefully architected (lol) £1K cycling scheme until I have to (by some T&C saying I must fund from an external source).

Doc_N

I have a carefully crafted recycling scheme too, but it does involve external accounts.

Thank goodness for Faster Payments!

myth123

May I ask, do you all set your cycling up with SO or by just doing it manually?

anna42hmr

myth123 wrote: »

May I ask, do you all set your cycling up with SO or by just doing it manually?

I just do mine manually as only takes a minute plus I pay the £5s into a different account so transfer the £5s and the £1k in the same log on time.

phred

anna42hmr wrote: »

I just do mine manually as only takes a minute plus I pay the £5s into a different account so transfer the £5s and the £1k in the same log on time.

Why not have a standing order, e.g. from LLoyds on the 3rd of the month to your reward account for £1000 and just fast transfer it back on the same day?
It saves 15 seconds a month.

noh

Do you think they will mind if I continue to fund my 3 Reward accounts with their money?
I use the overdraft facility they provide on an ordinary current account (not reward) as the source of the the £1000+ transfer.
None of the accounts have any purpose except to provide the source of funding and to collect £15 a month.
I will set up the DDs to old egg accounts and Tesco.

YorkshireBoy

noh wrote: »

Do you think they will mind if I continue to fund my 3 Reward accounts with their money?

I wouldn't do it personally, and especially not after 1/5/13.

I use the overdraft facility they provide on an ordinary current account (not reward) as the source of the the £1000+ transfer.
None of the accounts have any purpose except to provide the source of funding and to collect £15 a month.

Just out of interest noh, what 'reference' have they put on the notice of variation letters for these accounts?...RCACust5 or RCACust6?

I will set up the DDs to old egg accounts and Tesco.

That's what I've done, and mine start next month.