New Lloyds Club current account

YorkshireBoy

camperdown9 wrote: »

Do you think there is any sort of grace period with regards to the £1500?

The T&C state that we need to pay £1500 into the account each calendar month. Well today is the 30th do I need to pay £1500 into the account before the end of this month (so today or tomorrow) and then do the same again from Tuesday. To avoid a £5 charge?

Alex

Answered in the T&Cs...

If you open your Club Lloyds account, or add the Club Lloyds benefits package to your account, part way through a billing period no Club Lloyds fee will be charged in relation to that monthly billing period.


http://www.lloydsbank.com/assets/media/pdfs/current-accounts/clublloyds_terms%20and%20conditions.pdf

You must have missed it when you read them.

tightfisteddave

camperdown9 wrote: »

Do you think there is any sort of grace period with regards to the £1500?

The T&C state that we need to pay £1500 into the account each calendar month. Well today is the 30th do I need to pay £1500 into the account before the end of this month (so today or tomorrow) and then do the same again from Tuesday. To avoid a £5 charge?

Alex

I popped 1500 in today just to be on the safe side.

Hats off to anyone who manages to get 2xDD out today or tomorrow to qualify for the March interest. :T

masonic

tsb wrote: »

Just read the "provided you pay two different Direct Debits from your Club Lloyds current account each calendar month." again and thought what if the two Tesco DD's as well as different accounts, we make them different amounts. Say one for £1, the other £2. That is definitely two different DD's then ?

That would be one DD used twice. For it to be two different DDs with the same originator, they would need to be collected under different reference numbers (i.e. different accounts).

anna42hmr

anna42hmr wrote: »

I have just opened the new one, clearly states that interest will be paid only if two dd's that month. I Am wondering if it's worth paying the money in yet as I won't be asking the two co's that I am moving the dd to this account, until they have taken Aprils payment, therefore the first dd will not be claimed until early may (as the dd's are around 4-7 of the month. Unless they will still be paying the interest in the first month knowing will take people time to move dd's across.

Just remembered may not need to move these two over after all, as my tesco account and santander account are only servicing one halifax acc each, and both allow more than one account to claim payments via dd. have submitted the details for tesco online and done the form for santander to stick in the post, so may be ok after all!

tsb

masonic wrote: »

That would be one DD used twice. For it to be two different DDs with the same originator, they would need to be collected under different reference numbers (i.e. different accounts).

But they are from different Tesco accounts.

masonic

tsb wrote: »

But they are from different Tesco accounts.

If you are talking about different accounts AND different amounts, then I don't see the benefit in making them different amounts, but you can if you wish.

kar999

Application went through as sweet as a nut except I now have two different internet banking USER ID's and log-ons even though I applied whilst logged on to my normal account ... argggghh.

It's being looked at.

zerog

tightfisteddave wrote: »

I popped 1500 in today just to be on the safe side.

Hats off to anyone who manages to get 2xDD out today or tomorrow to qualify for the March interest. :T

Today is Monday as far as Lloyds is concerned.

anna42hmr

as have seen a couple questions about it on the post, the thread in the other board section about direct debits from savings accounts is here:

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

innovate

This is the Club Lloyds thread. There is a separate thread for the TSB Plus