Do you cycle your £1,000/£1,500 manually or Standing Order?

Dan83

I do all mine by standing order.

LXdaddy

I do all of ours with standing orders. In general the in and out is the same day - most have balances which are large enough tat if for some reason the "in" is delayed the "out" can still be paid. The exception is Halifax where the balance is kept small - for that the "out" is 5 days after the "in". Five days is probably longer than it needs to be but I'd rather be sure it was sufficient rather than risk going overdrawn.

msallen

I used to use SOs and leave a three day gap for those with minimal balances, but I do the whole lot manually on about the 2nd of the month now.

Yes this takes some of my time, but I have better control. It allows me to adjust the amounts each month to take account of decreasing stooze min payments or the occasional small debit card payments I make to ensure all accounts are "active" and also allows me to re-balance easily every time there is a regular saver maturing or stooze ending.

The only thing I now have on SO is payments from my main account with Santander to other accounts to cover regular saver payments. These are timed to be on the same day as the reg saver for accounts such as TSB which have an interest earning balance or 3 days before to accounts such as FD which don't.

vacheron

Mine are all done by standing order haven't had any problems so far..

• 23rd - Salary into HSBC to meet the £1750 Advance account requirement.

• 24th - £805 out of the HSBC to Santander 123 #1 to get the 3%

• 26th - Subtract £5 to cover the 123 Fee and send £800 from Santander to Barclays to get the Blue Reward £12

• 28th - Subtract £3 to cover the Blue Rewards Fee and send £797 from Barclays to Santander 123 #2 for its 3%

Dird

Manual because of paranoia of bank B pushing to C before A has pushed to B.
Leave a few £ in Halifax/Co-op at the start of the month then transfer into NatWest for DD, often on the day (get a text warning I'm overdrawn)

TomJ

molerat wrote: »

I started off using fairly "clean" accounts but things have moved on with the BOS changes. Looking at Lloyds now, are they happy with 2 Tesco DDs ?

Yes, it's how I set it up for my parents.

anotheruser

Transfers are automatic.

1st: £750
3rd: £700 back to current account
3rd: £1 to Account A
3rd: £1 to Account B

I always leave money in overnight.

edinburgher

Manually, it's a nuisance when you forget and miss a month of interest!

Brambleberry

I have a similar approach to teddysmum, I only have a small number of accounts compared to some on here, but I usually spend about 15 minutes setting up all the transfers monthly, dated for weekdays, then I just use the quick view on the apps to check that the balances have changed on the appropriate days.
It does help that some of my regular savers ended up with opening dates in the middle of the month so it's not all happening at once.

DragonQ

I have a couple of them set up via standing order but it relies on my "main" account actually having a few grand in it. Whether that is the case depends on where I am through my regular saver cycles.

On the 3rd of each month I do most of it manually. Takes maybe 15 minutes. The only frustrating ones are my Tesco current accounts since payments to/from them are the only ones that don't happen instantly in my experience. Might just close them, thinking about it, since I doubt I'll be able to fill my others any time soon.