Transfering Money into Tesco Savings Account (1000 Clubcard Points)

dreamypuma

As recently detailed in the money saving expert email. I have recently opened a Tesco Savings account to bag myself the 1000 points.

The account itself is open and showing a credit of £1 as per the cheque that I sent through. I completed the direct debit mandate on application of the account and it is listed as being set up on my current account as a Variable direct debit.

This evening I attempted to transfer the said £1000 from the Tesco website from my linked account to the savings account and it wouldn't accept the transaction. It said that I had to wait 14 days. I by calculations it has be in excess of 14days.

As the online Tesco service gives me my account number and sort code, could I just do a standard one off money transfer from my current account to the Tesco Savings Account, like a BACS payment?

Any help would be appreciated.

bristolleedsfan

dreamypuma wrote: »

As the online Tesco service gives me my account number and sort code, could I just do a standard one off money transfer from my current account to the Tesco Savings Account, like a BACS payment?

Any help would be appreciated.

yes as a one off payment

dreamypuma

Has anyone else had this problem?

How ar eyou going to transfer your money in? You can do it in store, however I don't fancy taking huge socks full of 1p pieces in....:rotfl:

bristolleedsfan

dreamypuma wrote: »

Has anyone else had this problem?

How ar eyou going to transfer your money in? You can do it in store, however I don't fancy taking huge socks full of 1p pieces in....:rotfl:

im expecting to receive a withdrawal from a monthly saver by cheque on tuesday, i plan to take it into a store same day, hopefully will clear in time and then start of july move half it into yorkshire monthly saver and rest sit in my e-saver linked to current account till start of august ( yorkshire RS again) :cool:

i just started a new clubcard so have had another 1.25 added :j ( will cover the loss of interest involved in moving the money to tesco account)

whizzing

I opened an account and so did my hubby. I received a letter wanting to confirm my details and when I phoned and said my husband opened his account OK why did they need to confirm my details they said only one per household as on the small print in the leaflet. I did it all off the internet and don't remember seeing this on the site.

dreamypuma

whizzing wrote: »

I opened an account and so did my hubby. I received a letter wanting to confirm my details and when I phoned and said my husband opened his account OK why did they need to confirm my details they said only one per household as on the small print in the leaflet. I did it all off the internet and don't remember seeing this on the site.

I have to say that of all the online savings accounts I have opened, the Tesco's one seem to have been the most painful.

The online application isn't to bad but the rest is a complete pain. such as setting up online banking. If it wasn't for the points....

bristolleedsfan

dreamypuma wrote: »

I have to say that of all the online savings accounts I have opened, the Tesco's one seem to have been the most painful.

The online application isn't to bad but the rest is a complete pain. such as setting up online banking. If it wasn't for the points....

ive not managed to get a security code to set it up online, does it come by post or email ( account was opened 9th of may with 1.00)

dreamypuma

bristolleedsfan wrote: »

ive not managed to get a security code to set it up online, does it come by post or email ( account was opened 9th of may with 1.00)

It actually came by post. I really wasn't impressed as the secure measures taken to deliver my PIN number for the card either. I thought it was a piece of toilet paper that someone had put through my letter box.

Thankfully the security code came in an envelope. My account was open after 9th May, and I've had mine. It might be worth calling them. I called to set up phone banking in between so I'm not sure if this may have speeded things up a little. Did you provide a sample signature after they opened your account?

bristolleedsfan

after they opened the account i returned the activation confirmation they wanted returning which i assume was the signature of confirmation of their receipts, nope ive not called them for telephone banking and theve not called me.

im loathed to phone 0845 nos if possible cos cost detracts from gains made on the account, if nec ill withdraw 500.00 two days running from the cashpoint.

before i pay the cheque in to tesco ill check to see if the cashpoint lets me in or not just in case tescos didnt receive the activation confirmation back.

surfsister

does anyone have a link to this as it's gone off the tescos site and I can't remember when the £1k has to be apid in! thanks

Innys

£1k had to have been paid in and the funds cleared by 30 June.