Savings accounts deposits by Direct Debit? UPDATED

Kernel_Sanders

Kumnaa wrote: »

I know this thread isn't really about charities but the list here is pretty useful and I've also found Alzheimers Research also accept £1 DDs.

http://www.alzheimersresearchuk.org/

What you fail to mention is that they only arrange DDs for the 1st or the 16th, so far too late for this month. Does anyone know of another one who'll collect this month (apart from one I've been asked not to mention; please PM me or olbas_oil before publicly giving it out, unless it's a charity or Tesco).

ColdIron

PayPal might be handy for an emergency DD if you have an account

clivep

Kernel_Sanders wrote: »

What you fail to mention is that they only arrange DDs for the 1st or the 16th, so far too late for this month. Does anyone know of another one who'll collect this month (apart from one I've been asked not to mention; please PM me or olbas_oil before publicly giving it out, unless it's a charity or Tesco).

All the DD mandates I've used come with the guarantee that for any changes they will notify you 10 working days in advance of your account being debited. Consequently I've never been able to set any such DDs up for a first payment within the initial 2 weeks.[FONT=&quot][/FONT]

Wheres_My_Cashback

Looks like Paypal are stopping/have stopped already the facility to manually move money by DD.
When selecting add funds on a Paypal it used to give the option of either via FP or via DD. The DD option has now been removed.
Obviously this won't affect DD's that are set up in Bank accounts to pull to Paypal,

NoodleDoodleMan

What exactly have you done to create DDs on your Tesco current accounts?

Would a paper mandate form do the business ?

http://www.tescobank.com/assets/sections/onlinebanking/pdf/online_savings_ddi.pdf

Just a thought.

gdreyer

I've just setup a post office internet saver to fulfill a few DDs and I'm trying to add a second nominated account to generate a secondary DD - anyone know if this is possible or is it just 1x DD per post office internet saver? Thanks in advance.

Zanderman

NoodleDoodleMan wrote: »

Would a paper mandate form do the business ?

http://www.tescobank.com/assets/sections/onlinebanking/pdf/online_savings_ddi.pdf

Just a thought.

How does that help? A DD needs to be pulled by an institution of some sort - and they will have online forms of their own. A form by itself does nothing unless there is a mechanism to pull the DD..

Zanderman

gdreyer wrote: »

I've just setup a post office internet saver to fulfill a few DDs and I'm trying to add a second nominated account to generate a secondary DD - anyone know if this is possible or is it just 1x DD per post office internet saver? Thanks in advance.

I doubt it. I think the PO, like the vast majority of savings acounts that allow pay-ins by DDs (and those are diminishing rapidly) only allow 1 DD per account.

You could, of course, just set up another PO internet saver, if they will let you do that.

gdreyer

Zanderman wrote: »

I doubt it. I think the PO, like the vast majority of savings acounts that allow pay-ins by DDs (and those are diminishing rapidly) only allow 1 DD per account.

You could, of course, just set up another PO internet saver, if they will let you do that.

Thought so, thanks for confirming!

colsten

Zanderman wrote: »

You could, of course, just set up another PO internet saver, if they will let you do that.

I seem to remember that the 1 nominated account from which you can pull money by DD applies to all the savings accounts. So multiple PO savings accounts won't help.