Current account R85?

bryanb

Anyone know if Santander will accept an R85 in respect of a 123 current account?

Archi_Bald

No reason why they shouldn't. In fact, you would have reason to complain if they didn't.

karlie88

bryanb wrote: »

Anyone know if Santander will accept an R85 in respect of a 123 current account?

If you're wanting gross interest then you can DIY online (not sure via their app but certainly with online banking/web browser).

Go to 'my details and settings', then click on 'change personal details' followed by 'change tax status'.

bryanb

Thanks both, I wasn't sure if R85 is only for savings accounts

karlie88

bryanb wrote: »

Thanks both, I wasn't sure if R85 is only for savings accounts

Nope, it's for current accounts too that earn interest.

Archi_Bald

karlie88 wrote: »

Go to 'my details and settings', then click on 'change personal details' followed by 'change tax status'.

Thanks, I never knew that. Seems they do it for all your accounts in one go, too. Perfick.

karlie88

Archi_Bald wrote: »

Thanks, I never knew that. Seems they do it for all your accounts in one go, too. Perfick.

No problem.

But they don't do it for all your accounts (well at least for my mum). If you look at the top there should be a selection bar with various accounts eligible for gross interest. If you 'register for gross interest' with one account and then select another account you'll notice that it's default is 'deregistered for gross interest' and so, they have to be updated individually.

matty_544

got to give plaudits to Santander for doing this. So much easier for the customer, and the environment lol