Bank of Scotland Vantage needs 2 dds

badger09

jrm wrote: »

Is this DD requirement on Bank of Scotlsand website? Have looked but don't see it anywhere.

Yes - here

http://www.bankofscotland.co.uk/bankaccounts/vantage/

eskbanker

Radaday wrote: »

Hi can anyone tell me if BOS will except 2 dd from the same account.

Iv already set up 3 x 2 dd from Tesco online saver to my 3 BOS accounts, just wondered if i set up another 3 dd from the same Tesco online saver will this will meet the 2 dd's per BOS account or dose it have to be from a different Tesco account like the Instant saver.

Spoke to Tesco call center he said you can set up as meany DD to go out of the Tesco Internet saver so thats no problem. just wondered if the Bank of Scotland will accept it as 2 DD per account.

As per post #58 further up this thread, the key question is do they show as separate DD mandates in your BOS online banking?

timmy963

eskbanker wrote: »

As per post #58 further up this thread, the key question is do they show as separate DD mandates in your BOS online banking?

There are two DDs on each of my BOS account showing up as "TESCO BANK" with a different series of numbers under each one.

This is from a single Tesco Internet Saver.

Dobbibill

timmy963 wrote: »

There are two DDs on each of my BOS account showing up as "TESCO BANK" with a different series of numbers under each one.

This is from a single Tesco Internet Saver.

The series of numbers normally include your account number within it. This should show you if it's 2 different accounts or the same one.

Radaday

timmy963 wrote: »

There are two DDs on each of my BOS account showing up as "TESCO BANK" with a different series of numbers under each one.

This is from a single Tesco Internet Saver.

Suppose you will not know if this works till they change how the BOS accounts work in September.

Im trying to find out if what you have done will count as two different DD as they are both from the same Tesco Internet Saver, and are not different accounts.

If you find out let us know

glider3560

Radaday wrote: »

Suppose you will not know if this works till they change how the BOS accounts work in September.

Im trying to find out if what you have done will count as two different DD as they are both from the same Tesco Internet Saver, and are not different accounts.

If you find out let us know

The reference is your Tesco account number followed by a unique ID for the direct debit. Bank of Scotland won't know these are funding the same Tesco account - that's not how direct debits work. But they will know they are funding the same payee. There is nothing in the T&Cs to say the ssame payee cannot be funded.

FOREVER21

glider3560 wrote: »

The reference is your Tesco account number followed by a unique ID for the direct debit. Bank of Scotland won't know these are funding the same Tesco account - that's not how direct debits work. But they will know they are funding the same payee. There is nothing in the T&Cs to say the ssame payee cannot be funded.

I think it all depends how BOS interpret 2 " different" DDs as their new T & Cs require.

It could be argued that 2 DDs to the same payee ie Tesco do not meet the " different" criteria.

Ballard

glider3560 wrote: »

The reference is your Tesco account number followed by a unique ID for the direct debit. Bank of Scotland won't know these are funding the same Tesco account - that's not how direct debits work. But they will know they are funding the same payee. There is nothing in the T&Cs to say the ssame payee cannot be funded.

The originator's (in this case your Tesco account) sort code and account number form part of the record when the funds are claimed. If BoS did include a condition that two direct debits to separate accounts were required it wouldn't take much for them to get to the bottom of it.

glider3560

FOREVER21 wrote: »

I think it all depends how BOS interpret 2 " different" DDs as their new T & Cs require.

It could be argued that 2 DDs to the same payee ie Tesco do not meet the " different" criteria.

It meets the Lloyds Bank and Halifax conditions. As they are the same group and use the same computer systems, I'd safely say they would be accepted.

Radaday

Qualifying for Vantage

It is straightforward, simply:
pay at least £1000 into your account each month, and
stay in credit (above £0).
We are making some important changes to our Vantage qualifying criteria. From 1st September 2016, in addition to the current qualifying criteria, you’ll also need to pay at least two different Direct Debits from your Bank of Scotland Vantage account each calendar month to receive credit interest.

This is what it says in the BOS terms and conditions still confusing:huh:

If i set up another 3 dd from the same Tesco Internet saver account will this will meet the 2 dd's per BOS account or dose it have to be from a different Tesco account like 1 from Tesco Internet Saver and 1 from Tesco Instant Saver

If i have to open an Instant saver, not a problem only takes a quid to open