santender123 and direct debits

steveo3002

whats the lowest spend "direct debit" i can do to allow me to join santender 123?

im not working at the moment but could transfer £500 to myself and back again to get around that bit, as i really could use their intrest rate

i dont have direct debits that i want to use with that account , can a debit be set up to myself at another bank or another family member etc?

edit...and do you always have to have 2 dd signed up or can they be canceld once you have the account

Stompa

https://forums.moneysavingexpert.com/discussion/4168667

Tesco & PayPal work for me.

AndyPK

I doubt you can cancel them.

Don't forget cash back on phones Internet etc so worth using the DD's usefully.

wiseshark

steveo3002 wrote: »

im not working at the moment but could transfer £500 to myself and back again to get around that bit, as i really could use their intrest rate

i dont have direct debits that i want to use with that account

Interest is only paid provided you maintain a balance of at least £1000. The account will cost you £2 a month, so it may be best to hold off for now until you find employment.

innovate

wiseshark wrote: »

...... so it may be best to hold off for now until you find employment.

You do not have to be employed to qualify for interest on a Santander 123 account. All you have to do is pay in £500 a month from a non-Santander account, have 2 DDs on the account and you will get interest if you have more than £1K in your account.

Hominu

steveo3002 wrote: »

whats the lowest spend "direct debit" i can do to allow me to join santender 123?

£0.

The DDs only have to be setup, they don't have to be paid, but it makes sense to move any qualifying DDs to them.

steveo3002

Hominu wrote: »

£0.

The DDs only have to be setup, they don't have to be paid, but it makes sense to move any qualifying DDs to them.

what can i set up and pay £0 as im out of work i doubt i will get any store cards

im lucky enough to have a good bit of savings and the 3% rate would help me out

AndyPK

You don't pay for a mobile contract then

Stompa

steveo3002 wrote: »

what can i set up and pay £0 as im out of work i doubt i will get any store cards

The Tesco & PayPal DDs that I mentioned seem to work fine. I just have them set up, I've never actually used them.

steveo3002

no mobile contract

when you say tesco...what service have you signed up to

paypal i can do...already use it funded straight from my bank

innovate

steveo3002 wrote: »

.....as im out of work ......

So you are luckily enough to have a lot more time on your hands than those of us in work. If you search the board, or do your own research on the web, you will soon find places that are perfect for Direct Debits.