Santander 123 - paying in £500 question

fionasmith14

Hi,

I was just wondering if anybody could help me with a query about Santanders 123 account?

I don't have a salary to pay into it each month so i was just wondering if anyone knew if the £500 has to be a lump sum each month or is simply that £500 in total needs to be paid into the account each month regardless of how many transactions this takes.

Also, do it count if i transfer the £500 from a santander easy saver account?

Thanks
Fiona

jem16

fionasmith14 wrote: »

I don't have a salary to pay into it each month so i was just wondering if anyone knew if the £500 has to be a lump sum each month or is simply that £500 in total needs to be paid into the account each month regardless of how many transactions this takes.

It can take as many transactions as you like as long as a total of £500 gets paid in.

Also, do it count if i transfer the £500 from a santander easy saver account?

Thanks
Fiona

No - it has to be an external account.

saintalan

fionasmith14 wrote: »

...
Also, do it count if i transfer the £500 from a santander easy saver account?

Thanks
Fiona

Yes - providing its not yours. External doesn't mean non Santander it just means not your Santander accounts(s).

fionasmith14

Brilliant. Thanks for info.

Fiona

Jonbvn

OP,

Note that you have to pay in £500 per month to qualify for the 3% interest. However once paid in, the £500 can be moved back to where it came from. Rinse & repeat every month.

banksofthe_mersey

asked on another thread does money from betting accounts count towards the 500?

colsten

answered in the other thread.

banksofthe_mersey

ok il try and find it ta.