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Are there any £1 Direct Debits?

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  • I doubt some of those pushing charity as reasoning will want to answer that .
  • Homeserve are currently offering Electrical Emergency cover for £1 per month via DD, also Plumbing cover for 75p per month, each for the first 12 months
  • Ashen
    Ashen Posts: 593 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 23 September 2018 at 1:26AM
    colsten wrote: »
    Are they being independently audited, and where do those audits get published, do you know?
    I would have thought that would be obvious by the very next sentence in my post!
    Ideally there would be a little bit more background, but to take them at their word, better to use them.
    I was just highlighting what they say they donate, and that, if you choose to believe them, one says they aim to donate more than the other.
  • robatwork
    robatwork Posts: 7,266 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    das1969 wrote: »
    Homeserve are currently offering Electrical Emergency cover for £1 per month via DD, also Plumbing cover for 75p per month, each for the first 12 months

    Not a bad shout but only if you're disciplined enough to note a diary date and cancel it after a year:

    The price will be different for existing and returning customers. The price will increase at renewal. Currently customers in their second year are paying £8.56 a month, £102.72 for the year for this policy, provided they have made no claims.
  • Ashen wrote: »
    Just to clarify - 50% of it does according toOnePoundDD's website.

    Whereas Little Debits say this:
    100% of any profits will then go to the high impact charities shown below. We aim for this to be at least 75p from every £1, and it will increase as more people use the service.

    Ideally there would be a little bit more background, but to take them at their word, better to use them.
    If you want to give to charity there are charities which take £1 dd's, then you know its going to charity. These are for people who just want a short convenient cheap DD.
  • Ashen
    Ashen Posts: 593 Forumite
    Part of the Furniture 500 Posts Name Dropper
    If you want to give to charity there are charities which take £1 dd's, then you know its going to charity. These are for people who just want a short convenient cheap DD.
    I'm aware of this - my post was made in reply to someone saying "at least the DDs go to charities", I pointed out it was only 50% to avoid anyone reading that and thinking it all went to charity.

    I also highlighted that the other service says they aim to give more than that (whether we believe them or not), for anyone that does have a need to use one or the other.
  • tryin
    tryin Posts: 377 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    https://smalldirectdebit.co.uk has direct debits for £1 a year. That is good for all bank switches. It also qualifies for the Santander 123 account requirements. They have a list of different banks and whether you need money going out each month to qualify, or you can use the yearly direct debit here
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