Moving savings from Santander to a new account

katies_mum

Great, thanks.

badger09

katies_mum wrote: »

Thats what I want them for `savings!`.

Silly question but would it just be a standing order I set up from each account (ie if we were able too open 3 Vantage do I just run a standing order from one account to the other every month or does it have to come from another bank?)

As innovate said yesterday, the monthly funding for the Santander 123 account has to be from an external source but the BoS & LTSB Vantage can all be internal.

You can set up SOs if you wish, or just spend a few minutes each month moving the funds yourself. Up to you really.

pqrdef

If shunting money between Lloyds and Santander you have to bear in mind that the Lloyds month is the calendar month and the Santander month is the statement month. Also payments out of Santander have been known not to go straight away or even the same day.

I reckon I know the ins and outs but I've still been known to mess up. (It helps if I know what day it is)

Three Vantages is easy though. Pick a date in the middle of the month and set up 3 standing orders on the same date, A to B, B to C, C to A. Avoid all complications.

katies_mum

Thank you all for your help.

This is my task for this week (spent yesterday working and taking my daughter to Lloyds to open up the under 19 account) that is a tick off the to do list.