Savings accounts deposits by Direct Debit? UPDATED

Eco_Miser

tebthereb wrote: »

I thought the OP was maintained.

It is, sort of, but the OP won't be checking all the accounts regularly, just updating when the are informed of a change.

waqasahmed wrote:

Last edited by waqasahmed; 01-01-2017 at 1:44 AM.

tebthereb

myth123 wrote: »

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

Thank you.

I have emailed West Brom to see if they do it as it is not clear from what I could find. Hopefully that will give me a third account after Post Office and Scottish Widows.

Ed-1

tebthereb wrote: »

Thank you.

I have emailed West Brom to see if they do it as it is not clear from what I could find. Hopefully that will give me a third account after Post Office and Scottish Widows.

West Brom used to allow it on their WebSave accounts but no longer do.

tebthereb

Thanks.

Can anyone suggest a third to go alongside Scottish Widows and Post Office?

I would rather not use Paypal for one of the DDs if it is manual.

anon_ymous

Removed West Brom/

tebthereb

West Brom confirmed to me in their email reply that the facility is not available any longer.

By the way Christian Aid is now a £2 minimum.

TRBob

I have the Tesco Current account with 2 charity DDs and one to a Tesco Internet Saver Account. I would like to open a 2nd Tesco Current account and for the DDs I was thinking about firstly paying into the internet saver account that I already have and setting up another 2 internet saver accounts and paying into them? Is this feasible? I have other current accounts where I have used my other DDs (phone/credit card etc...) so none are spare.

ColdIron

Is this feasible?

Not if you want the interest, and if your existing account is a recent one that won't work either

If you opened your account after 1 April 2017:
We guarantee 3% AER credit interest on balances up to £3,000 until 1 April 2019. In order to benefit from this, you must pay in at least £750 and have at least three direct debits paid from your account per statement month (excluding direct debits to a Tesco Bank savings account).

EachPenny

TRBob wrote: »

I have the Tesco Current account with 2 charity DDs and one to a Tesco Internet Saver Account.

DD's to the Tesco savings accounts don't count (as per the T&C's) you'll need to use external DD's if you want to get interest on an account opened after the change in T&C's.

greenglide

To meet the new requirement for DDs for the Tesco current account they must be DDs for other than tesco - you cannot use the Internet saver for this.

What you can do is shift "real" DDs to be paid from tesco and use the Internet saver to replace them?

So move telephone, water etc to Tesco and set up DDs from Internet saver for the account where they were paid. Of course if you were using the cash back from Santander 123 account this doesn't work.