M&S Bank & HSBC Monthly Savers

Issy24

I currently have an account each with M&S Bank and HSBC, making me eligible for their 6% monthly savings accounts (up to £250 each per month by standing order).

I have opened the HSBC monthly saver today, asking for the £250 to be taken from my current account immediately. The account is still not showing up in online banking, and the £250 has not been taken from my current account. I understand it will automatically set up a standing order from my current account to the monthly saver.

I have called M&S Bank to open their monthly saver, however they have said that the £250 would be taken immediately and the standing order will then come out on the 8th of each month. I asked whether I could manually adjust this to the 1st of each month either on the phone or online, and I was told this was not possible, I must therefore call back on 1st August before I open the account.

1) How long does the HSBC monthly saver take to show up in online banking and deduct the first payment after opening it online?
2) Is it possible to adjust the RS standing order date online with HSBC?
3) Is it possible to adjust the RS standing order date online with M&S Bank?

Thanks:j

ceredigion

1) tomorrow (probably)
2) no
3) no

Yorkshire_Pud

I opened HSBC reg saver today and at the end it said two (working?) days to open the account. I presume that the first payment will be taken upon account opening in two days, its still in my current account.

planteria

sounds about right YP..
these are the best accounts on the market.
i remember the disappointment when HSBC dropped the rate from 8% though:D