Santander 123, Questions?

nickcc

2010 wrote: »

I have a current account with the Halifax, which for various reasons I don`t want to close. (good service not being one of them)

No problem then, we only had a joint acc with Santander. My main income is paid into the joint acc and our other income is paid into our Lloyd's joint acc with £500 transferred by SO into my Wife's 123 account then any monies over £20,000 transferred to our joint 123 acc.

the_worm

I have no problem with the 1 2 3 account..i eventually even got the bonus for joining thro quidco...had to keep on a bit!


the slight flaw I find is when I log in I frequently get a message saying technical problems..please try again later..but I click onto another account and then its ok

nickcc

the_worm wrote: »

I have no problem with the 1 2 3 account..i eventually even got the bonus for joining thro quidco...had to keep on a bit!


the slight flaw I find is when I log in I frequently get a message saying technical problems..please try again later..but I click onto another account and then its ok

Never had problems using the iPad app, shows all our accounts which we can both manage.

DrSyn

Thank You for your helpful replies to my questions.

2010

Quickie about the two DD.
Do they need to be "active" in other words does the company they are set up for need to draw money every month.

eskbanker

2010 wrote: »

Quickie about the two DD.
Do they need to be "active" in other words does the company they are set up for need to draw money every month.

The short answer is no, they don't have to pay monthly, the account Ts & Cs state:

A4 Earning cashback and credit interest using
your 123 Current Account
To earn cashback and credit interest on your
123 Current Account, you must:
a) pay the monthly account fee; and
b) pay in a minimum amount into your account each
month; and
c) have at least two Direct Debits set up on your account; and
d) for earning credit interest only, you also need a
minimum current account balance.
For information on minimum funding amount and
minimum and maximum account balance requirements,
interest rates and fees, please refer to the Interest Rates
and Fees Information leaflet.

matttye

1. No.
2. Good.
3. Not sure but I've had no difficulties understanding anyone I've spoken to.

2010

Quickie
When setting the SO for the 123 account, is it better to set it for every four weeks rather than say, the 2nd of every month?

[Deleted User]

2010 wrote: »

Quickie
When setting the SO for the 123 account, is it better to set it for every four weeks rather than say, the 2nd of every month?

does it really matter? aslong as it happens during the month. i was not aware you needed to set up an SO

Archi_Bald

Assuming you are talking about paying in the monthly £500 that you wish to make by SO: it would be best to do it on a specific day, about a week after your account opening day. That way you can be sure that the monthly payment happens within your account month.