Can I Have My Wages & Benefits Paid Directly Into My E-Savings Account?

SophieArnold92

colsten wrote: »

Could be because you already have an account with Santander, or your credit files look really bad. Have you recently checked what they say?

If you have bad credit records, you could always try a Basic Bank account. See the article at the top of the page

Not too sure about my credit record if i am honest but i will try a basic account... thank you

SophieArnold92

agrinnall wrote: »

It's not necessarily true, a sortcode check will establish what types of transaction are allowed. It's quite possible that the account owner may be able to pay into it from another account at the same bank, but other people may not be able to.
.

I will try the sortcode checker today

Westie983

some savings account dont accept external payments or BACS credits so need to check if your E saver is one of those, also if it does accept credits need to check that you can set up payments to the other debit account, as again some savings accounts dont let you set up DD or standing orders...


thats why there are bank accounts for this type of thing, so maybe worth opening a basic account to keep money separate, many people have a bills account and a current account so they can keep some money separate....

Paul_1977

My father has his paid into a passbook savings account.

SophieArnold92

Westie983 wrote: »

some savings account dont accept external payments or BACS credits so need to check if your E saver is one of those, also if it does accept credits need to check that you can set up payments to the other debit account, as again some savings accounts dont let you set up DD or standing orders...


thats why there are bank accounts for this type of thing, so maybe worth opening a basic account to keep money separate, many people have a bills account and a current account so they can keep some money separate....

Listened to everyone's advice and i managed to open a basic account, got all my DD Transferred to it and standing orders also set up!

Thank you everyone! :j

badger09

SophieArnold92 wrote: »

Listened to everyone's advice and i managed to open a basic account, got all my DD Transferred to it and standing orders also set up!

Thank you everyone! :j

If you manage your account properly, you might be allowed to upgrade to a better (interest paying) account in a while.

If you've never checked your credit files, you can do so for £6 (£2 to each of 3 Credit Reference Agencies). You will then be able to see, and correct any incorrect information.

Good luck with your savings:)

SophieArnold92

badger09 wrote: »

If you manage your account properly, you might be allowed to upgrade to a better (interest paying) account in a while.

If you've never checked your credit files, you can do so for £6 (£2 to each of 3 Credit Reference Agencies). You will then be able to see, and correct any incorrect information.

Good luck with your savings:)

That's my aim!

Thank You!