Nationwide Quidco offer

DeanMB

Sorry to be a pain, I've made way too many threads about this already but I want to check one last thing.

I've got the £2500 sat in a current account at barclays, waiting to be transferred.

I've now set up two direct debits, both for 1p each, from this current account. These don't show up on the account yet and the donation isn't taken until the 15th of next month. When will this be displayed on my online banking?

Once the DD's are displayed, am I ready to go ahead and transfer the account via the Quidco offer? Will I qualify?

Thanks and sorry again.

innovate

Donation? 1p? Two of these? Are you serious?

DeanMB

innovate wrote: »

Donation? 1p? Two of these? Are you serious?

Yeah I'm serious..

innovate

OK, you may not have known that it costs a charity upwards of at least 50p, and in some cases a lot more, every time they call in a DD. You do now.

Surely you wouldn't want to cash in at the expense of a charity, and therefore you would urgently want to cancel those two DDs and replace them with some that will not rob a charity for your personal benefit.

JuicyJesus

innovate wrote: »

OK, you may not know that it costs a charity upwards of at least 50p, and in some cases a lot more, every time they call in a DD.

Surely you wouldn't want to cash in at the expense of a charity, and therefore you would urgently want to cancel those two DDs and replace them with some that will not rob a charity for your personal benefit.

But this is MSE and you're supposed to be a brave consumer revolutionary making as much money as you can with as little cost as possible and at the expense of whoever :money::money::money::money::money::money::money::money:

chambta

Which charities let you set such low donations anyway?

innovate

chambta wrote: »

Which charities let you set such low donations anyway?

A huge number of them. They all probably use a cheap DD payment provider which hasn't thought of / couldn't care about the costs to their customers, and the charity most likely doesn't have many financially savvy people.

Gromitt

The daft thing is, this isn't MSE. You are giving away at least 2p every month!

Open a savings account and you keep that 2p/month for 24p/year !

Over ten years that's probably enough for a packet of crisps (considering inflation).

innovate

Gromitt wrote: »

The daft thing is, this isn't MSE. You are giving away at least 2p every month!

Open a savings account and you keep that 2p/month for 24p/year !

Over ten years that's probably enough for a packet of crisps (considering inflation).

And all the compounded interest from the 2p a month!

May be enough for two packets of crisps in ten years time. Or drop 50p into a charity box now and then. All a lot more rewarding than cheating a charity out of money.

pqrdef

Charities can be very slow at setting up DDs. I've had 3 that never got round to it at all.

The conditions for the Quidco are unclear, but if you want to have the DDs in place, there's nothing for it but to wait until they appear in your online banking.

innovate

I sincerely hope the charities won't bother setting up those 1p DDs.