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BoS Vantage - pay in question

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Hello!

Had a hard time fighting with BoS but eventually managed to open 3 vantage accounts to take advantage of the 3% rate. I wonder how long this rate will last ...

Could someone with these accounts confirm if each account needs to receive £1000 from an external source or if you can cycle £1000 between the BoS accounts to meet the pay-in criteria?

Thanks in advance!

Comments

  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 8 November 2016 at 10:04PM
    Internal between them is fine.

    Indeed if you have a Halifax Reward you could fund this with the £1000 (externally) and then cycle through the 3 BOS Vantage to satisfy all four.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Short answer: Yes, internals are OK.

    Long answer: Yes, internals are OK because the T&Cs don't say they are not OK. For example...

    Nationwide FlexDirect say...
    you'll need to pay in a minimum of £1,000 per calendar month (excluding transfers from any Nationwide account held by you or anyone else).
    Santander say...
    Pay at least £500 into your account each month. Any interest paid, and payments between Santander personal accounts you're named on won't count towards this
    But BoS simply say...
    pay at least £1000 into your account each calendar month
  • Thanks guys!

    Indeed most accounts are explicit that it has to be an external transfer so just wanted to make sure that in this case an internal worked.

    It's so much easier to just set up a SO to cycle £1000 internally between the accounts than moving the money in and out externally.
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