Savings accounts that allow debit card deposits?

Wammer

Ditto what YB and innovate have said about the Nationwide online banking. I have been using it since it started and find it a breeze to use. I do get a little annoyed when it asks me to use the card reader to pay someone I have paid previously. However that was because I found it a faff having to go and get the debit card for my main account. Now I keep a debit card for one of my other accounts next to the computer and it isn't such a hassle.

ManAtHome

Wouldn't you be better off with a NW Loyalty Saver? (just login, move from NW acc1 to NW acc2, no reader thingy needed).

ManAtHome

Doh! minimum £1,000 on loyalty saver...

NW Limited Access saver - same rate as YBS (still 'easier' to fund)
ISA?

Gizmo247

Also Nationwide has the simplest smartphone login (3 characters), as the app is locked to the phone, so transfers between accounts are simple, secure, instant, fast and verifiable.

agrinnall

The NS&I Direct Saver (1.1%) allows deposit by debit card. I did consider using it when I had to move over £100K from Nationwide but in the end I thought it was quite likely that Nationwide would block the transaction so I did 12 Faster Payments.

mardiemare2008

I have a YBS internet Saver- and they allow you to deposit using debit card

x

Mr_Goodkat

As far as I am aware YBS don't have any intention of stopping debit card deposits (I certainly haven't had notification). Like others have said faster payments are a better way of depositing funds.


I do share the OPs opinion on Nationwides' internet banking, out of all my accounts it is the one I find the most clunky to use. Happy to only have the Flex Plus and Select Credit Card now in active use as my Flex Directs 5% interest have all expired.

agrinnall

The YBS Internet Saver does indeed allow deposit by debit card, I've just logged into my account and at the top it says:

Add to your savings at any time using your debit card.

However, the T&Cs are not very helpful in that they just say Additional deposits must be transfers, but the only example given is by Standing Order.

http://www.ybs.co.uk/pdf/savings/product-terms/internet-saver-issue-3.pdf

And for those complaining about Nationwide's online banking, you must be avoiding such poor offerings as First Direct and (indeed) YBS. In fact, of the 10 financial institutions that I conduct business with I'd rank Nationwide in the top 3.

Gromitt

ManAtHome wrote: »

Doh! minimum £1,000 on loyalty saver...

Only to open it, once it's open you can withdraw £999 of that. It stays open as long as the balance is at least £1.