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Advice - shuffling money round accounts

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  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Yes it could well work correctly but why take chances when you have 20-odd days where it's not risky? I have no idea what would happen if the 1st was the first working day of the month, for instance.

    It's not as if you would gain any advantage by making the monthly deposits on the first possible date in a month.
  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Noted, many thanks
  • B_G_B
    B_G_B Posts: 502 Forumite
    I quite often see threads along the lines of…. too much hassle faffing around with shuffling money, DDs blah blah blah etc etc. Which is fine, each to their own. I picked up on this thread this morning, and would have posted, but my typing is so slow, and others were doing a grand job. The upshot is that I have been able to sit back and watch the Zola story unfold. Few questions, a bit of effort, people chipping in = result. It’s been like a breath of fresh air.
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    B_G_B wrote: »
    It’s been like a breath of fresh air.

    Agree. It's mainly because Zola had an open mind and was happy to put a bit of effort into it.
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Zola -all looking pretty good now then. Just one point, remember that the Santander 123 current account month starts on the date that you opened the account, and not the 1st of the month. So if you opened it today then the monthly funding and the two dd mandates have to have come out before 21st of next month.
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    ricz_1 wrote: »
    OH! And don't forget to activate paperless correspondence on your TSB account or you won't get the 5% interest!

    And also paperless statements
  • missile
    missile Posts: 11,763 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You do not have to set up regular monthly DD. You only need set up two off £1 DD to two different Tesco accounts in month No1 then stop.
    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • B_G_B
    B_G_B Posts: 502 Forumite
    missile wrote: »
    You do not have to set up regular monthly DD. You only need set up two off £1 DD to two different Tesco accounts in month No1 then stop.
    You do for the Halifax Reward if you want the monthly fiver.
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    missile wrote: »
    You do not have to set up regular monthly DD. You only need set up two off £1 DD to two different Tesco accounts in month No1 then stop.

    Which account(s) are you talking about? What you are saying does not apply to any of the accounts that require DDs for the purposes of paying interest or rewards.
  • Steve_xx
    Steve_xx Posts: 6,979 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    missile wrote: »
    You do not have to set up regular monthly DD. You only need set up two off £1 DD to two different Tesco accounts in month No1 then stop.


    .....if only!
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