TSB Classic Plus Current Account Switch Incentive - £100

badger09

YorkshireBoy wrote: »

You can disagree all you like...but you'd still be wrong!

The TSB interest period runs from the 2nd working day of the month to the 1st working day of the next month...just like Club Lloyds...just like Lloyds Vantage...just like BoS Vantage...just like TSB Enhance (is that still running?). It's paid at the end of the 1st working day of the month...in effect, the early hours of the morning of the 2nd working day of the month. Due to this, the number of days in each interest earning period can range from 28 to 34 days, with the latter being possible if weekends and Bank Holidays get in the way.

It is for those of us who still hold Enhance accounts;)

YorkshireBoy

badger09 wrote: »

It is for those of us who still hold Enhance accounts;)

What's the benefit though?...bearing in mind you can get 1.5% AER in a savings account without having to fund with £1K each month, and on a larger balance too.

badger09

YorkshireBoy wrote: »

What's the benefit though?...bearing in mind you can get 1.5% AER in a savings account without having to fund with £1K each month, and on a larger balance too.

Minimal balance and I include in my monthly shuffle, so no effort involved.

But the main reason is that I've run out of switching offers :rotfl:

Hippyer

Are TSB honouring those that signed up when they only needed 2 direct debits? I switched on 26/06 and am still awaiting to receive my incentive.

I have two DD's and have had more than £500 in.

fuzzgun19

Hippyer wrote: »

Are TSB honouring those that signed up when they only needed 2 direct debits? I switched on 26/06 and am still awaiting to receive my incentive.

I have two DD's and have had more than £500 in.

Don't know. My switch was 19th still not had any incentive.

eskbanker

derrick wrote: »

01st June to 30th June inc, (30 days), interest paid into acc 01st July; £7.24. Surely this should be £8.04 even using your dates.

....which is why I told you it should be £8.04 back in post #172 above, rather than the higher figure you thought it should be!

derrick wrote: »

I disagree about the interest period being from the 2nd to the 1st, I cannot find reference to this but there is reference to the monthly deposit requirement where it say £500 monthly deposit, therefore it seems logical that the interest is paid per calendar month, although mute because the total days will be the same.

YB has already answered this point, I'd just add that the word you're looking for here is 'moot' not 'mute'!

Hippyer

fuzzgun19 wrote: »

Don't know. My switch was 19th still not had any incentive.

Isn't it supposed to be paid within 30 days? Perhaps query it with them.

phil7445

spingoblin wrote: »

In my experience you have to wait a few days before the new account shows up on the right hand side "PayPal moves money from your bank account" bit.

You're right! It is now showing. I thought I was setting up a direct debit but it seems to be a one off direct debit... how do I arrange it automatically each month from my TSB account to Paypal?

YorkshireBoy

phil7445 wrote: »

how do I arrange it automatically each month from my TSB account to Paypal?

I understand, from posts on here, that you can't!...so it's good for Santander 1-2-3 and this TSB switching offer, but involves 'manual labour' each month for servicing accounts such as Club Lloyds and Halifax Reward.

Archi_Bald

YorkshireBoy wrote: »

What's the benefit though?...bearing in mind you can get 1.5% AER in a savings account without having to fund with £1K each month, and on a larger balance too.

If

• BM: do they offer Faster Payments?
• RCI: same Q, and do they offer full FSCS protection?
• other: who are they?