[Bank Switch] Monthly Income requirement

YorkshireBoy

Canonshooter55 wrote: »

I have a £500.00 qualifier set up by standing order from Halifax to TSB account. I then manually transfer INTERNALLY from one TSB account to the next and then return same back to the Halifax and this works perfectly.

Any reason why you don't simply fund the TSB accounts internally via SO? Would certainly minimise management time...

£500.00 from 1 to 2
£506.50 from 2 to 3
£513.00 from 3 to 4
£519.50 from 4 to 1
£ 26.00 from 1 to Halifax (or wherever)

Canonshooter55

An easier way of doing it for sure. Just that when I initially set it up I incorrectly presumed that the first £500.00 had to come from a different source so have always continued to do it from Halfax once the standing order had been set up.
I also run a similar set up from Halifax to Tesco Bank Current Account of £750.00 per month so Halifax stays as the central account. Also the amount of interest differs depending on the number of days in the month so a regular SO amount is not practical to set up.

badger09

Canonshooter55 wrote: »

An easier way of doing it for sure. Just that when I initially set it up I incorrectly presumed that the first £500.00 had to come from a different source so have always continued to do it from Halfax once the standing order had been set up.
I also run a similar set up from Halifax to Tesco Bank Current Account of £750.00 per month so Halifax stays as the central account. Also the amount of interest differs depending on the number of days in the month so a regular SO amount is not practical to set up.

You no longer have to fund Tesco current accounts with £750 each month;)