Halifax Reward Account changes

aspiration_2

I understand the difference and that is why I made that query.

Alex92 wrote: »

Set up a DD to Santander E-Saver £1
Then Setup DD to Tescos Online Saver £1

Are not the above two standing orders ? Is that enough to satisfy a banks DD requirements for rewards? Will that be ok for santander as well?

Gromitt

aspiration wrote: »

Are not the above two standing orders ? Is that enough to satisfy a banks DD requirements for rewards? Will that be ok for santander as well?

I'd say they were DDs rather than SOs, considering it says "DD" in the post

innovate

aspiration wrote: »

Are not the above two standing orders ?

Not if you do as suggested and set up DDs

aspiration wrote: »

Is that enough to satisfy a banks DD requirements for rewards?

yes

aspiration wrote: »

Will that be ok for santander as well?

Technically yes but you are doing yourself a disservice if you don't use cashback-generating DDs there.

jackieblack

aspiration wrote: »

I understand the difference and that is why I made that query.

My post was aimed at Newbie2Saving

jackieblack

aspiration wrote: »

Are not the above two standing orders ? Is that enough to satisfy a banks DD requirements for rewards? Will that be ok for santander as well?

These two accounts are unusual in that they allow direct debits to be set up to fund the accounts.

aspiration_2

Thanks for trying to make this DD confusion clear.

How do you set up DD at halifax or any bank to pull money from another bank? There appears to be no such option. (I believe only utilities can set up a DD)

latecomer

Try reading the huge thread on this subject which was posted about earlier in the thread (with a link!)

Gromitt

aspiration wrote: »

How do you set up DD at halifax or any bank to pull money from another bank? There appears to be no such option. (I believe only utilities can set up a DD)

Have you tried to open either account as stated in the posts that you quoted this very afternoon at 1:35pm?

innovate

aspiration wrote: »

How do you set up DD at halifax or any bank to pull money from another bank? There appears to be no such option. (I believe only utilities can set up a DD)

Belief is such a dangerous thing sometimes, and makes you not see the wood for the trees. May be this one helps https://forums.moneysavingexpert.com/discussion/4168667

aspiration_2

Gromitt wrote: »

Have you tried to open either account as stated in the posts that you quoted this very afternoon at 1:35pm?

I will try to open a Tesco account and try. (I have tried other high street banks)