Coop bank everyday rewards

Archi_Bald

You are doing your best to make yourself look totally ridiculous.

ceredigion

# peterknows
There are several people on here who are extremely knowledgeable and I respect their opinions, that said , i'm always willing to learn. So, if I set up a dd to either one of my savings accounts or paypal and pulled money from my co-op account once a week , that would show up on my online banking as a single direct debit mandate. But on my statement it would show that I paid 4 dd's in one month. So do I need to pay nothing more than 4 dd's in one month as described above or do I need 4 separate mandates.

SnowTiger

Archi_Bald wrote: »

May be you should just accept that quite a few people on here might have a heck of a lot more experience and knowledge about Direct Debits than you have.

I'm not sure co-operative bank is worth the effort for £4 a month if Peterknows(nothing) is an example of the sort of person they employ.

However, everything he writes, edits and rewrites is quoted from published information or blatantly wrong, so I'd guess he doesn't work for them. :rotfl:

tg99

Yorkshire_Pud wrote: »

I'm glad that reality is much more simple than the theory of reality.

Am intrigued about setting up more than one direct debit on a single Tesco Internet saver though.

Presumably if each mandate has a different code then one could set up all 4 DD's to Co-op on one Tesco Internet Saver account?

Yep I'd have thought so as unlikely it wouldn't allow you to set up 4 if I was able to do 2 from one account. Or try the pay weekly option if you go on what Peter-knows is saying. Personally I'd say the former was 'safer' than the latter and only took 5 mins to set up.

dul50n

So you can't get a 5p debit card reward if you withdraw from an ATM, in branch or at a Post Office counter.

If I use my debit card online to pay £1 off my credit card balance every day will that get me my 5p reward every day up to £1.50 per month, in other words 5% cashback?

I know American Express will accept £1 by debit card. They might even accept less, 5p maybe (100% cashback), or am I being really tight now!?

Yorkshire_Pud

As far as I can be bothered to look it says you get 5p each time the card is used to pay for 'things'.

Don't know if paying of a credit card is a 'thing' but I do know that the 40p bread roll I bought from Waitrose to qualify for a complementary coffee from the bakery using my Co-op card counts as a 'thing' so 35p and a free coffee:) That's tight but satisfying. I think I would be unhappy paying 30x£1 seperate credit card payments to get £1.50!

YorkshireBoy

Yorkshire_Pud wrote: »

I think I would be unhappy paying 30x£1 seperate credit card payments to get £1.50!

Me too! But it does remind me of the Lloyds 'Save The Change' launch promotion a good few years ago.

Whatever you spent on the debit card, they rounded it up to the next pound and put the difference into a savings account. For the first two months they matched your savings, to a max of £50 (£40 after BR tax) per month.

A great many of us were making multiple £1.01 debit card deposits into Egg Savings accounts each day, making 99p with each one. The things we do for a few extra quid!

Nationwide8

Have two Tesco current accounts and just tried to apply for a Tesco Internet Saver ...it's to get the DDs set up in the future for as yet UN-applied for Current account.
Right off the bat it's saying if my application is accepted I'll need to set up a DD...if I don't want to I have to phone them up ?

So you can't set up a Tesco Savings acc on line without setting up a DD straight off ? Seems weird ?

Maximum_Saving

That seems quite a lot of effort to get £4.00 a month. Also the Co Op Bank asks for 4 direct debits. I think asking for 2 direct debits would be more reasonable. I prefer to have a Halifax Reward Account. It gives a £5.00 reward each month for paying in £750 a month, having 2 direct debits and staying with an above zero balance.

JWalker1995

Nationwide8 wrote: »

Have two Tesco current accounts and just tried to apply for a Tesco Internet Saver ...it's to get the DDs set up in the future for as yet UN-applied for Current account.
Right off the bat it's saying if my application is accepted I'll need to set up a DD...if I don't want to I have to phone them up ?

So you can't set up a Tesco Savings acc on line without setting up a DD straight off ? Seems weird ?

You have to set on up to link your saver to a bank account (doesn't have to be Tesco) but it won't actually pay any money, to set up a paying DD is a separate process. So on my account I have 2 DD's to Tesco