Transfer between current accounts

colsten

I believe you can as the Lloyds and the TSB T&Cs, afaik, do not say payment must come from an external source. However, you should verify this yourself as the word of a forumite doesn't overwrite T&Cs.

YorkshireBoy

susanann wrote: »

Part way into opening these current accounts at Lloyds, TSB, Nationwide, Tesco (16 accounts in total when done). Can I just confirm with someone that with LLoyds Club A/C i can circulate monies around the Lloyds accounts and back to the first one three in total and that will meet their requirements for money paid in, including the one you start the transfer with. I believe I can do the same with the 6 TSB accounts as well. Nationwide and Tesco have to be funded from outside sources I believe. Just wanted to check with someone doing this as I will be pig sick after doing this I get it wrong and lose my interest for a month.

Why not read the reply (again?) I gave you in post #9 on Monday?

Unless you want a second opinion?...in which case the best place to get that is the T&Cs themselves.

susanann_2

YorkshireBoy wrote: »

Why not read the reply (again?) I gave you in post #9 on Monday?

Unless you want a second opinion?...in which case the best place to get that is the T&Cs themselves.

Apologies about that, so bogged down with opening all these accounts I had forgotten that post, and it does answer my question thanks for that. My thanks to all on here everyone is so helpful, its quite mind boggling at first setting up all these accounts but worth it in the end.

YorkshireBoy

susanann wrote: »

its quite mind boggling at first setting up all these accounts but worth it in the end.

Maybe slow down a little, and let it sink in?

Someone today was setting up their monthly TSB Plus SOs for the 31st, until I pointed out that when the 31st fell on a weekend or Bank Holiday the payment wouldn't go until the next working day...with the result being the loss of ~£8 interest.

And something as simple as forgetting to go paperless (for both statements and correspondence) on TSB Plus would generate the same outcome.

Slowly slowly catchy monkey!