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Direct Debit requirements for bank accounts
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HardSpend
Posts: 216 Forumite

Hi,
Santander 123, Club Lloyds, Halifax Reward require direct debits to reap the rewards (interest or £5 payment). My understanding is:
1. Club Lloyds require 2 DD monthly payments
2. Halifax require require 2 DD monthly payments
3. Santander 123 requires 2 DD setup but not monthly payments. However they offer cashback on council tax, utilities and Santander mortgages so makes sense to keep these DD here.
My query is what are easy DDs to setup just to take advantage of these accounts?
I have heard Tesco Saver(?) mentioned, what makes this good? Is it because it is easy to open?
Also heard charity DD mentioned.
What other options are available to take advantage of these or any future accounts?
Please correct any mistakes I have made or are there any good accounts with similar requirements/benefits?:)
Santander 123, Club Lloyds, Halifax Reward require direct debits to reap the rewards (interest or £5 payment). My understanding is:
1. Club Lloyds require 2 DD monthly payments
2. Halifax require require 2 DD monthly payments
3. Santander 123 requires 2 DD setup but not monthly payments. However they offer cashback on council tax, utilities and Santander mortgages so makes sense to keep these DD here.
My query is what are easy DDs to setup just to take advantage of these accounts?
I have heard Tesco Saver(?) mentioned, what makes this good? Is it because it is easy to open?
Also heard charity DD mentioned.
What other options are available to take advantage of these or any future accounts?
Please correct any mistakes I have made or are there any good accounts with similar requirements/benefits?:)
0
Comments
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The Tesco Internet Saver and Instant Access Savings accounts are easy to open online and you can easily set up several DD's for £1 each to satisfy your requirements. I have 4 setup on each account to satisfy the requirement for DD's on 4 different current accounts.0
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The first post in this thread contains a wealth of options, both for transfers to accounts you control plus charities.0
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Excellent thank you.0
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