Standing orders to cover minmum monthly payments

YorkshireBoy

vixen1500 wrote: »

Any help would be appreciated

Got to tsb.co.uk
See the search box top right?
Type in it "Plus terms and conditions" (without the quotes)
First hit returned is the one you want
It's one page long so not too onerous

Come back in 30 seconds (flat! ) and let us know if the account requires external funding or not.

Repeat the above for your other TSB (Enhance) account.

YorkshireBoy

vixen1500 wrote: »

Just gets so complicated with each account having different rules about DD, monthly minimums etc.

The problem is that the 'rules' may change, so any anecdotal advice given here may not be correct.


If you're playing the current account game you really need to get into the habit of reading the respective T&Cs. It's not difficult when you get into the swing of things. For example, any of the accounts requiring DDs will say so...very prominently in the key features document, along with minimum funding requirements, so you don't often need to delve deep into the small print to find this out (that's not to say you shouldn't still read them at some point!).


As to your internal vs external funding question, it's just as important to see what's not stated in the T&Cs as it is to see what is stated, ie if it doesn't explicitly state that external funding is required, then it isn't!

anoncol

YorkshireBoy wrote: »

The problem is that the 'rules' may change, so any anecdotal advice given here may not be correct.


If you're playing the current account game you really need to get into the habit of reading the respective T&Cs. It's not difficult when you get into the swing of things. For example, any of the accounts requiring DDs will say so...very prominently in the key features document, along with minimum funding requirements, so you don't often need to delve deep into the small print to find this out (that's not to say you shouldn't still read them at some point!).


As to your internal vs external funding question, it's just as important to see what's not stated in the T&Cs as it is to see what is stated, ie if it doesn't explicitly state that external funding is required, then it isn't!

Similiarly it likely won't say "internal" funding, but just say deposited.

vixen1500

YorkshireBoy wrote: »

Got to tsb.co.uk
See the search box top right?
Type in it "Plus terms and conditions" (without the quotes)
First hit returned is the one you want
It's one page long so not too onerous

Come back in 30 seconds (flat! ) and let us know if the account requires external funding or not.

Repeat the above for your other TSB (Enhance) account.

Thanks for the link - both just say 'deposited'

vixen1500

Thanks so much for everyones help. I am trying to sort out simple explanatory notes for O.H.
50 accounts with 9 different banks it makes my head spin at times - and I'm the one that set them all up