New Lloyds Club current account

kar999

Wheres_My_Cashback wrote: »

No It's a DD.

Another easy DD to set up and have control of is one to Paypal.

Another good DD to set up is the National Lottery for those that play it.

Richchad

I note the terms say "pay at least 2 different direct debits from your account each calendar month"

Does this mean I can't use my old Tesco DD that I used last time for the Vantage 4% as they have to be different?

Blakestar

Does anyone know if the same account will be launched at the Bank of Scotland?

bsms1147

Richchad wrote: »

I note the terms say "pay at least 2 different direct debits from your account each calendar month"

Does this mean I can't use my old Tesco DD that I used last time for the Vantage 4% as they have to be different?

It applies per account, so reusing a DD like Tesco from another account will be fine. It's just on the account they can't both be Tesco.

Blakestar wrote: »

Does anyone know if the same account will be launched at the Bank of Scotland?

Nothing yet.

Richchad

bsms1147 wrote: »

It applies per account, so reusing a DD like Tesco from another account will be fine. It's just on the account they can't both be Tesco.

Ah okay, that is what I thought, so not two Tesco DD on any one account, need to sort another one then.. thanks.

ColdIron

bsms1147 wrote: »

It applies per account, so reusing a DD like Tesco from another account will be fine. It's just on the account they can't both be Tesco.

I presume one from the Internet Saver and another from the Instant Access Savings would be OK?

Wheres_My_Cashback

kar999 wrote: »

Be careful you don't lose that Free Gold account. It's days are numbered!!

http://www.thesundaytimes.co.uk/sto/business/money/Consumer/article1192491.ece

Specifically asked about this as was concerned that changing one of my other accounts to Club may impact the free Gold, but that's not the case.

As this was the first day live for Club I spoke to a supervisor who sounded very competent about the products. Was told that Lloyds have no plans to remove the free accounts even though Gold/Plat accounts are no longer available and those that were changed last year were because the accounts were not being used as they wanted. I assume you were affected?
I'm sure it won't last forever, nothing does, but until then they confirmed I'll continue to get it free.

The above article is an OLD article and not particularly valid now.

ColdIron

castle96 wrote: »

"No it's a DD"

Is it then, or not ? I don't have any other DDs knocking about (they all earn cashback in 123), so ...
CAN I just set up 2 x £1 to come out of the new Club and these WILL ? satisfy ?

It depends upon whether you are setting up a real Direct Debit from the e-saver account or just an ordinary Standing Order. Go and see what you would set up to do it and see what it's called

kar999

Wheres_My_Cashback wrote: »

Specifically asked about this as was concerned that changing one of my other accounts to Club may impact the free Gold, but that's not the case.

As this was the first day live for Club I spoke to a supervisor who sounded very competent about the products. Was told that Lloyds have no plans to remove the free accounts even though Gold/Plat accounts are no longer available and those that were changed last year were because the accounts were not being used as they wanted. I assume you were affected?
I'm sure it won't last forever, nothing does, but until then they confirmed I'll continue to get it free.

The above article is an OLD article and not particularly valid now.

I know its an old article but the photo is me and I complained to the CEO. His executive complaints department said a select few would continue to have their fee waived but it would eventually be withdrawn for all. Enjoy yours while it lasts!

Archi_Bald

I added the Club account to my Vantages, no problems. 1 DD to YBS (ex Egg) and 1 DD to Tesco, and £5K deposited.

I also opened the Monthly Saver since it is one of the best in the market. Going to feed that one with an SO from the Club current account, starting Tuesday (hopefully). I was positively surprised they let me set up an SO to be actioned in just 2 days time.