Need a few more direct debits

ossie48

Ive taken advice on here and we currently have three Santander 123 accounts as well as Nationwide / TSB accounts ( maxed out on the 5%)

The Santander accounts have used up my usual household direct debits but we fancy opening Club Lloyds accounts for the 4% interest.

Am I right in thinking the Tesco current account at 3% is capable of paying in funds using a direct debit facility ?

If not, I also have a paypal account..would two manual payments into Club Lloyds work or would it just count as one.

bsms1147

Open two Tesco savings accounts (Internet Saver and/or Instant Access Savings) and use a direct debit for a trivial amount from each (£1) to satisfy current accounts that need two direct debits.

YorkshireBoy

You can use 2 Tesco SAVINGS accounts for Club Lloyd's.

Or just one and PayPal.

Remember...you need 2 different DD mandates. In your example PayPal would use the same mandate for each DD pull.

ossie48

Gotcha..its Tesco savings accounts, also noted about paypal

many thanks

colsten

ossie48 wrote: »

Am I right in thinking the Tesco current account at 3% is capable of paying in funds using a direct debit facility ?

No this is incorrect. No personal current account offers Direct Debit payments to another personal current account.

You need the Tesco savings accounts mentioned already.

emma396

DD £1 to charity each month..

colsten

emma396 wrote: »

DD £1 to charity each month..

Charity begins at home.

traineepensioner

DD to a charity, or two....it's nice to share :-)

"Charity begins at home."....OK, a UK charity then :-)

soulsaver

"..would two manual payments into Club Lloyds work... "

You need DDs on set up in your Tesco ac (or others) to take money OUT of your Club LLoyds ac to satisfy the requirements - not to pay in.