Coop bank everyday rewards

SnowTiger

I have a co-operative bank account sat doing nothing, so I've just opted in. I was surprised to be immediately put through to a customer service representative because I thought they might be busy.

FOUR direct debits a month is a big ask. The T&Cs don't say they must be to different organisations, so I'd guess four PayPal/Tesco direct debits would be good enough. But they have to pay out every month to qualify for the direct debit:

6.3.5 at least four Direct Debits must be paid from the Nominated Account during that Calendar Month:

7_week_wonder

Thanks for this OP. I've added 2 DDs from my co-op current account to my Tesco savings accounts to take me up to 4 DDs and that's me sorted.
It took me 7 minutes on the phone, but at least a couple of minutes was me failing to navigate the automated phone menu

littlej0hn

Thanks. All registered

Dird

!!!!, I have to add a 4th Tesco saver!

benjus

Thanks for the heads-up! I was meeting all the criteria anyway, so might as well get paid a little for it (or rather, get a discount on the monthly fee, as it's a Privilege Premier account).

parker1982

I currently have the Tesco Internet Saver and Tesco Instant Access Savings accounts so would need another 2 Direct Debits to make this work.

Can someone just explain how the paypal direct debits work to make a total of 4 direct debits.
My current paypal setup is for all transactions to go onto the credit card, which is then paid in full each month by a direct debit with Santander.

tg99

Anyone tried setting up more than one monthly pull into same Tesco savings account?

EarthBoy

tg99 wrote: »

Anyone tried setting up more than one monthly pull into same Tesco savings account?

I doubt that the Co-op would count that as a separate DD. Rather, it would be the same DD, just paying more frequently than monthly.

I don't think there's anything to stop you having four different Tesco savings accounts though, all taking a DD once a month.

tg99

EarthBoy wrote: »

I doubt that the Co-op would count that as a separate DD. Rather, it would be the same DD, just paying more frequently than monthly.

I don't think there's anything to stop you having four different Tesco savings accounts though, all taking a DD once a month.

Yep sorry I meant to add whether anyone had managed to do this as two separate mandates.

Dan83

Good find! I shall be opening yet another current account, my wallets is busting st the seems, shame it's because all of my cards and not all my money!