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Savings accounts deposits by Direct Debit? UPDATED

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Comments

  • ceredigion wrote: »
    I have had a posted deleted on this subject in the last 24hours and I have no intention of offending or upsetting anybody. So after this I shall bow out of the argument.
    However , I would like to say politely that my interpretations of the T&C's is the right one. How do I know this for certain, I have been receiving the £4 reward from co-op on the basis of 1 direct debit mandate that pays out once a week and have done so since month 3 of this incentive being released onto the market. Prior to that there was 4 direct debits set up on the account in order to qualify for the switching incentive . Which ive actually had 3 times out of co-op , which is what you get by being able to read , comprehend and understand what is not written in the published conditions.
    I don't care if you believe me or not , its no skin off my nose, I only engaged in this conversation in the first place to try and help others out and make their lives simpler. Shan't bother next time .
    It is not clear to me then why you glibly advised the poster to revisit the Ts&Cs, knowing they do not address the issue being discussed - and then go on to accuse him of spreading fake news.

    That said, I thank you for posting your experience with Co-op Bank which will be useful information. I would just add that what is acceptable to Co-op Bank may or may not, however, be acceptable to other banks.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • greenglide
    greenglide Posts: 3,301 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    There is always scope for differences between what is stated I the terms and conditions (and, of course, how it is interpreted) and how it is implemented in the IT.

    Just because the terms and conditions intended that they are four different direct debits (and it is open to debate how to interpret this) the IT may not check this - it may be difficult or effectively impossible to implement this. We cannot know what constraints are present on this IT solution.

    And it simply bug! It may never work or only in certain limited circumstances.
  • ceredigion wrote: »
    (...)How do I know this for certain, I have been receiving the £4 reward from co-op on the basis of 1 direct debit mandate that pays out once a week and have done so since month 3 of this incentive being released onto the market. Prior to that there was 4 direct debits set up on the account in order to qualify for the switching incentive(...)

    Thanks ceredigion, this is very helpful, although no need to be agressive saying things <3

    Does anyone have further exprerience about if this is valid with:
    - TSB
    - Halifax

    I know for instance Tesco Bank asks for direct debits to be from different providers! So this would not be valid.
  • Consumerist
    Consumerist Posts: 6,311 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Jimmmeh wrote: »
    . . . Does anyone have further exprerience about if this is valid with:
    - TSB
    - Halifax
    I think the best guide would probably be from the wording of the Ts&Cs for each bank. If the wording specifies a specific number of DDs (without further qualification) then it would probably be ok. If, however, the wording specifies a number of "different" DDs then I would think payments to a different account number would be required for each DD.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • tebthereb
    tebthereb Posts: 162 Forumite
    Eighth Anniversary 100 Posts Combo Breaker
    Which West Brom and AA accounts allow you to make deposits to them by Direct Debit, please?
  • tebthereb
    tebthereb Posts: 162 Forumite
    Eighth Anniversary 100 Posts Combo Breaker
    tebthereb wrote: »
    Which West Brom and AA accounts allow you to make deposits to them by Direct Debit, please?

    Can anyone point me in the right direction, please? I have looked and it was not clear to me.
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    It is quite possible they no longer provide this option. If you can't find it, they probably don't offer it any longer.
  • tebthereb
    tebthereb Posts: 162 Forumite
    Eighth Anniversary 100 Posts Combo Breaker
    Archi_Bald wrote: »
    It is quite possible they no longer provide this option. If you can't find it, they probably don't offer it any longer.

    Thank you. You are right of course but I thought the OP was maintained.

    I need to find three banks offering the facility to deposit by DD to meet the new Tesco current account requirements - what do people recommend?

    I would rather not lose money so am only looking to use bank accounts to meet the DD requirements.
  • ColdIron
    ColdIron Posts: 9,911 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    PayPal would work for one of them but you'll need to do it manually
  • myth123
    myth123 Posts: 397 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    tebthereb wrote: »
    Thank you. You are right of course but I thought the OP was maintained.

    I need to find three banks offering the facility to deposit by DD to meet the new Tesco current account requirements - what do people recommend?

    I would rather not lose money so am only looking to use bank accounts to meet the DD requirements.

    The Post Office online saver and Scottish Widows savings account still allow them.
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