Tesco(?) Account for Direct Debits

badger09

Sea_Shell wrote: »

Can you not set up one DD for 1st of the Month for £1, and say another on the 10th of the month for £5 from the same Tesco saver to the same Lloyds account. Is that not treated as 2 DD's?? Or do they share the same DD 'code'.

Sorry if i'm being thick

Eco_Miser wrote: »

It's a reasonable question, and I can't recall anyone reporting that they tried it and succeeded.

Certainly, setting a DD to pull twice a month won't work (for qualifying for interest), and pulling DDs to two distinct Tesco Savings accounts does.

Who's going to be the one to risk losing a month's interest to find out whether two DD's for different amount to the same account will count, or indeed if Tesco will action two separate pulls from the same account.

Already answered here by eskbanker.

eskbanker wrote: »

No, you have to have two different DD mandates, not the same mandate used twice in the same month! http://www.lloydsbank.com/assets/media/pdfs/current-accounts/clublloyds_terms%20and%20conditions.pdf states:

Eco_Miser

badger09 wrote: »

Already answered here by eskbanker.

No, Sea Shell's question postulates two mandates each drawing a different amount, from and to the same accounts.

Aside from that, what was the purpose of your post, to discourage me from giving a different answer to one already given?

YorkshireBoy

skcollobcat10 wrote: »

I already have tesco internet saver/and tesco instant access accounts.

Does anybody know is there a limit as to how many direct debits you can hold on each account?

Not aware of a limit, but if there is it's at least 11.

colsten

YorkshireBoy wrote: »

Not aware of a limit, but if there is it's at least 11.

Make that at least 14.

robotrobo

colsten wrote: »

Make that at least 14.

Make that 14.5:rotfl:

colsten

skcollobcat10 wrote: »

I managed to set up 24, I did phone tesco but they were closed at 5pm so hopefully they will all go through.

What did you phone them for?

ColdIron

skcollobcat10 wrote: »

I managed to set up 24

Blimey I suspect they may need to confirm this many

YorkshireBoy

colsten wrote: »

What did you phone them for?

Possibly unaware that bringing their (and our) antics to Tesco's attention could mean the multi DD feature is withdrawn?

colsten

skcollobcat10 wrote: »

I phoned to check

You phoned to check what?

If the online system accepts what you request, it seems superfluous to ring up to ask whether the online system is working correctly.

Please don't question a perfectly good system. As a change to it would most likely be of no benefit to you or anyone else, but questions are likely to effect a change.