Bank of Scotland Vantage needs 2 dds

veryintrigued

Dobbibill wrote: »

I just had a quick scout about and found it on their website here http://www.bankofscotland.co.uk/bankaccounts/vantage/

Aye - that's right but that wasn't my point as these changes should be communicated to us - not scrabbling through websites.

Thanks anyway though.

Dobbibill

Ah - my bad.......no letter here yet and this was the first I'd heard of it too.

Letters will probably start being sent out late next month, early July to make sure they give 60 days notice. (I think that's the amount they normally give on variations)

YorkshireBoy

Dobbibill wrote: »

Letters will probably start being sent out late next month, early July to make sure they give 60 days notice. (I think that's the amount they normally give on variations)

For a change such as this it's "at least 2 months before", and will be via personal communication (as opposed to simply being published on their website/branch/press, as they'd do for a change that favours the customer).

http://www.bankofscotland.co.uk/bankaccounts/pdf/bank-account-conditions.pdf (condition 13.1)

timmy963

"From 1 September 2016 you’ll need to pay at least two different Direct Debits from
your Bank of Scotland Vantage account(s)"

If I for example open 2 Tesco Internet Saver accounts and setup 2 direct debits for each of my 3 BOS accounts, would that only count as 1 direct debit per account? Or will it count as 2 because they are from 2 different accounts?

fun4everyone

Ballard wrote: »

Quote
Credit interest with Vantage
From 1 September 2016 you’ll need to pay at least two different Direct Debits from your Bank of Scotland Vantage account(s) each calendar month to receive credit interest. This is in addition to your existing requirement to pay in at least £1000 each calendar month and stay in credit for the monthly billing period.
Unquote

Thanks for the heads up, appreciated. Looks like I will have to get to work investigating DD's.

Ballard

veryintrigued wrote: »

Thanks for the information.

Did you find out by HBOS sending out (by post) these new T&Cs?

No. I opened a new account and a pop up advised me.

fun4everyone

YorkshireBoy wrote: »

Job done.

1 Hour after notification I am impressed!

Has taken me a while to get even 1 DD set up so far

bristolleedsfan

timmy963 wrote: »

If I for example open 2 Tesco Internet Saver accounts and setup 2 direct debits for each of my 3 BOS accounts, would that only count as 1 direct debit per account? Or will it count as 2 because they are from 2 different accounts?

Can be done from 1 T. I.S, different mandates, e.g Mr J Bloggs and J Bloggs x 3

timmy963

bristolleedsfan wrote: »

Can be done from 1 T. I.S, different mandates, e.g Mr J Bloggs and J Bloggs x 3

I see. Well that makes things a little bit more simple.

YorkshireBoy

fun4everyone wrote: »

1 Hour after notification I am impressed!

The 'job' itself took less than 10 minutes. It could even have been done in under 2 minutes, but I chose a non-standard configuration for my DDs.