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Cycling funds via SO. Will it make me overdrawn on accounts with £0 balance?

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  • Vortigern
    Vortigern Posts: 3,312 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    colsten wrote: »
    What's the advantage?

    Saves spending 5 minutes per month doing manual transfers?
  • I have had a Halifax Reward Account for about a year that only has about £40 in it. I set up a standing order paying in from a BoS account and one paying out to Tesco on the same day. Looking at my online statement the payment always comes in first and then pays out.
    I dont know if I have just been lucky, I had never considered the SO paying out first!
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