Cash Incentives & Direct Debits

YorkshireBoy

escapee wrote: »

Am I right in stating that the First Direct incentive doesn't require the transfer of Direct Debits??

Here are the T&Cs. Just 3 paragraphs, and probably the shortest of all the banks' switching incentive T&Cs...

FD wrote:

If you open a 1st Account, switch your everyday banking to us using the Current Account Switch Service and pay in at least £1,000 within three months of opening the account, we'll top it up with £100 - it's the least we can do to welcome you on board...

This offer is limited to one payment per customer or joint account, and you'll get the money within 28 days of all criteria being met.

Sorry, we can only offer this to people who haven't previously held an account with us, and we reserve the right to refuse your application and extend or withdraw this offer at any time. Credit is subject to status.

If they wanted "direct debits" they would say so.

YorkshireBoy

ceredigion wrote: »

It is a long time since I went through this and it was a long difficult process. But having read in two threads that it was no longer possible I went to look and you still get the message I posted.

I seem to remember some of those managing to DD into Everyday Savings managed to get the form via their ISA team and used that instead, just entering their savings account details.


It's going back a few years though, so may be documented on the original "savings account deposits by DD" thread started by innovate (and referenced in the current thread mentioned above?).

soulsaver

ceredigion wrote: »

Login to Santander. top menu "payments & transfers". left side "pull money in from an external account". select everyday saver from the drop down menu (assuming you already have one) and you get."To link an external account to your Santander account, please call us on the number shown above."

Exactly - and then their CS say it can't be done - admittedly without much confidence... but he did check with a colleague.. twice! Still I hope I (they) are proved wrong. Waiting Zanderman's enquiry with baited....

Vortigern

YorkshireBoy wrote: »

I seem to remember some of those managing to DD into Everyday Savings managed to get the form via their ISA team and used that instead, just entering their savings account details.

Santander used to call the form a "funding mandate" rather than a direct debit form. Would it be worth asking for one of those?

mt99

I used littledebits (http://www.littledebits.org/) I had no problems with them.

Zanderman

mt99 wrote: »

I used littledebits (http://www.littledebits.org/) I had no problems with them.

An interesting website and service - £1 DDs with 25p cashback.

I'd be a little wary of a site so young (the company was founded in May 2016 apparently) and so small (a one-man band apparently) and with a slightly amateurish website very light on information (no info on who it is - you have to look that up via other means) or on what it does (arguably self-explanatory but it does need to say quite a lot more before I'd trust it).

But a good concept. If the business owner sorts the presentation out better he could be onto something.

The DD provider (https://gocardless.com/) he's using is worthy of attention too - as it suggest an interesting new approach to outfits wanting to get money by DD.

Zanderman

Got a reply via secure message today:

Upon review, I am able to see that you are not able to link an external account to your Everyday Saver.
As per the Key Facts Document which can be found at the following link:
http://www.santander.co.uk/uk/savings/everyday-saver
It states that the account is able to be linked to an existing Santander card which would be an Internal account, if this is what you are referring to and you would like a form sent to your registered address, please reply to this message confirming this.
I apologise for any potential confusion caused by this matter.

Which is, I think, what I expected - they seem to have no facility for setting up external DDs to the Everyday Saver anymore. Which is what the Everyday Saver info says but not what their info on external funding says. At least they acknowledge the confusion!