MSE News: Halifax axes £5 monthly payments to overdrawn current account holders

innovate

pqrdef wrote: »

Go to Move Money In. You get a form where you select the account to suck from, the amount, the date, and one-off versus regular.

Set the payment date 2 working days ahead. If it says it wants 10 days, it's not ready yet, may as well skip it and try later.

This is how you do it.

Don't anybody let get themselves confused by people who say otherwise.

innovate

Consumerist wrote: »

I'm not sure that an individual can "set up" a direct debit.

Rest assured, they can.

I am talking as one of the individuals who have funded some of their savings accounts with ("self set-up") Direct Debits for years. And my Tesco one for about 5 months now.

Before anyone is going to split hairs about whether it is indeed yourself who sets up a DD, or the receiving bank - - - we've had that debate the other day in another thread that I cba finding now because it's just splitting hairs. For Tesco, just do as pqrdef said. For some (not all) others, it can be figured out by those who want to figure it out.

Consumerist

innovate wrote: »

Rest assured, they can.

Well, people will just have to wait and see what Halifax regards as a direct debit. You may be right but I don't think so.

Unless you are correct, there will be carping on the forums soon after May.

KTF

A direct debit is a direct debit. They have not made any stipulation as to who it should be to.

Consumerist

My understanding of the direct debit process is that the recipient organisation forwards a copy of the direct-debit authority to the bank who then sets up the direct debit on the appropriate account.

Since innovate "cba" to post a link to where this has been discussed I can't really comment beyond that.

JimmyTheWig

Consumerist wrote: »

Well, people will just have to wait and see what Halifax regards as a direct debit. You may be right but I don't think so.

It sounds to me like people are instructing Tesco to set up a direct debit to take money from their Halifax account to their Tesco account.
I've never banked with Tesco, but I know that this is how Egg used to do it, for example.

KTF

JimmyTheWig wrote: »

It sounds to me like people are instructing Tesco to set up a direct debit to take money from their Halifax account to their Tesco account.
I've never banked with Tesco, but I know that this is how Egg used to do it, for example.

Thats right as Tesco allow you to set up multiple direct debits on the same account.

innovate

Consumerist wrote: »

My understanding of the direct debit process is that the recipient organisation forwards a copy of the direct-debit authority to the bank who then sets up the direct debit on the appropriate account.

Since innovate "cba" to post a link to where this has been discussed I can't really comment beyond that.

If you cba'd, you could look for that post yourself.

You are the (first) one who claims DDs to savings accounts can't be done and/or wouldn't be acceptable to Halifax. I can only repeat that DDs to savings accounts can be done. I also cannot see any reason why these would not be acceptable to Halifax because, if set up in accordance with the requirements stipulated by the T&Cs, they will fulfill the T&Cs..... (chor, this is giving me a headache.....why do people question things they have no real information about?)

Consumerist

innovate wrote: »

.....why do people question things they have no real information about?

That's how people find things out. As opposed to those who think they know something they don't.

Edit
Err . . isn't that the point of MSE?

Consumerist

innovate wrote: »

You are the (first) one who claims DDs to savings accounts can't be done and/or wouldn't be acceptable to Halifax.

I've made no such claim. If you think so, please tell me where.

The question, as I understand it, is can an individual set up a direct debit. All I am saying is that I haven't heard of it - I haven't said it's not possible - and I do doubt it.

I hope you are absolutely correct, however, because otherwise you are are misleading people.

In May we will find out.