TSB Classic Plus Account

Yorkshire_Pud

I've got several DD's set up only drawing £1 each from various accounts and have had no issues but I do use the Internet Savers for larger deposits and withdrawals as its paying 1.6% with bonus at the moment.

Not saying what I'm doing is right just that's what I'm doing!:)

katies_mum

Thanks, hadn`t checked out the interest rates yet. Going to spend tomorrow afternoon opening the accounts.

System

If your daughter opened up an e-bay and PayPal account, this would provide her the requisite 2 active Direct Debit mandates to transfer.

katies_mum

Thank you, I have account with both and just use PayPal with my card details. I didn`t know about payments by Direct Debits. The only but is...she would have to make sure she buys something every month?

YorkshireBoy

katies_mum wrote: »

The only but is...she would have to make sure she buys something every month?

Do the TSB switching T&Cs state that the DDs need to pay out, or merely be "registered"?

katies_mum

It says active direct debits so think she will go with the Tesco or similar accounts.

YorkshireBoy

katies_mum wrote: »

It says active direct debits so think she will go with the Tesco or similar accounts.

"Active", in this context, means not "dormant", ie they're able to pay if called upon.

But I agree Tesco is a better option.

katies_mum

Thank you, will sort it tomorrow

ceredigion

Quote:
Originally Posted by katies mum
Wondering if we can please ask for a little more help, my daughter is currently filling out the TSB application form and it is asking details of income and employer. She knows what she will be paid but does not start until 3rd November. The question asks how long she has been with employer. There is no where to put she is due to start in 2 weeks and we are wondering if she puts 0 will they think she is unemployed, should she consider putting 1 month to show its a new job? thanks

Don't lie, fill the application in with correct information as of today.

katies_mum

Just spoken to local branch of TSB and they said to put 1 month otherwise account application would be aimed towards a student account.