New Lloyds Club current account

YorkshireBoy

ceredigion wrote: »

Struggling with my grammar here, but shouldn't that be.
Yes it is incorrect?

If something is "not incorrect" it must be correct. And it isn't. That's why I said no.

ceredigion

teddysmum wrote: »

But yours is a bank to Tesco savings account, rather than bank to a Tesco current account, only the latter being what I thought possible.


.:)

In fairness read below and think what it says

teddysmum wrote: »

2) While speaking to Tesco Bank's customer service today, I mentioned that I had read that it is possible to have certain Tesco accounts draw a direct debit from another bank and asked if this applied to the current account and was told that it did.

ceredigion

YorkshireBoy wrote: »

If something is "not incorrect" it must be correct. And it isn't. That's why I said no.

But it is correct.
You could set up a DD to pull in to a savings account from a current account, all in house.
Though I suspect that is not what was meant.

YorkshireBoy

ceredigion wrote: »

But it is correct.
You could set up a DD to pull in to a savings account from a current account, all in house.
Though I suspect that is not what was meant.

They didn't say "a" current account. They said "the" current account, clearly referencing Tesco current accounts (at least that's how it read to me).


At the end of the day though, there was no need to ask Tesco...there's enough information already on this board to render the question unnecessary.

colsten

I wonder how anyone ever figured out how to do 'clandestine' DDs without asking both the receiving and the sending bank whether it was possible and how to do it. Sigh.

badger09

20aday wrote: »

1. Looking at the Monthly Saver page for Lloyds Bank it states the following:

have one Monthly Saver account in either your sole name, or held in a joint savings account.

So it appears you'd be unable to have more than one Regular Saver a/c with a joint Club Lloyds account (your OH and yourself would have to contribute to one savings account).

2. I set up a Direct Debit for my Tesco Savings account from Yorkshire Bank so I can't see why it wouldn't be possible to do the same for a Tesco Bank current account.

Why do you interpret it that way?

You can have one Monthly Saver account in either your sole name, or held in a joint savings account.

So, either:

OP can have a Monthly Saver in her sole name and her husband can have one in his sole name.

or

They can have one Monthly Saver held in joint names;)

teddysmum wrote: »

It is clear that if you have a joint saving account, one holder has to have a Club current account. However, if there was a joint current account, Iwould only have one savings account, as the other would be that of my husband, who would also be a Club account holder, though joint.


I don't expect this to be possible, though.

I think you'll find it is:)

I haven't gone through the online application process from a joint account with Lloyds but if you have only a joint Club Lloyds account with them it might default to an application for a joint Monthly Saver:cool:

If it does, just abort the application and apply by phone 0345 300 0000.