Natwest, can I pay bills using savings account?

dreamtruce

I'm moving out soon, I wondered if I could transfer money into a savings account and use that to take my bills out?

xylophone

It appears from previous posts that you are just about to move into a rented property.

You would normally pay your household bills ( Council Tax, gas/electricity/ telephone/water) from a current account, usually by Direct Debit - you will probably pay your rent by monthly Standing Order.

http://personal.natwest.com/personal/myrewards.html

But you might prefer to open a Santander 123?

http://www.santander.co.uk/uk/current-accounts/123-current-account

stclair

You can send bill payments from a savings account.

Archi_Bald

stclair wrote: »

You can send bill payments from a savings account.

Which Natwest savings accounts support Direct Debits?

stclair

Archi_Bald wrote: »

Which Natwest savings accounts support Direct Debits?

I apologise NatWest use the terminology online payment now a days.

However it is possible to send an online payment from a NatWest saving account.

System

Archi_Bald wrote: »

Which Natwest savings accounts support Direct Debits?

Bills can be paid by a Faster Payment with the appropriate reference.
If a savings account offers this, then it can 'be used to pay bills'.

Direct Debits are just an alternate method of paying bills!

Archi_Bald

stclair wrote: »

I apologise NatWest use the terminology online payment now a days.

I am sorry, Natwest are not calling Direct Debits "online payment". At least they didn't 2 minutes ago when I checked my Natwest account, and they never notified me of the T&C changes and any "online payment" guarantee.



My question stands: Which Natwest savings accounts support Direct Debits?

Heng_Leng wrote: »

Bills can be paid by a Faster Payment with the appropriate reference.
If a savings account offers this, then it can 'be used to pay bills'.

I know that. I'd still like to know which Natwest savings accounts support Direct Debits.

grumbler

Why do you insist on DD?
stclair said "send bill payments", the OP's "take my bills out" was very vague. I think bills, at least some, can be paid by a bank transfer.

stclair

Archi_Bald wrote: »

I am sorry, Natwest are not calling Direct Debits "online payment". At least they didn't 2 minutes ago when I checked my Natwest account, and they never notified me of the T&C changes and any "online payment" guarantee.



My question stands: Which Natwest savings accounts support Direct Debits?

I know that. I'd still like to know which Natwest savings accounts support Direct Debits.

I've not mentioned anything regarding direct debits. The Op ask about paying bills from a savings account and I've advised they can send a bill payment via a savings account as grumbler as also stated.

teddysmum

My understanding of a direct debit is that you give permission for your account to give the payee what they request (subject to their informing you of the amount) on an agreed basis (ie weekly, monthly, annually etc ).


Sending money from a savings account to pay a bill owed, would be just like a normal transfer out, but I doubt that a savings account, unlike a current account would allow withdrawals by dd. (There are savings accounts, notably Tesco's online saver, which will draw dds from elsewhere, though, but I believe the source has to be in the same name as the savings account).

Archi_Bald

grumbler wrote: »

Why do you insist on DD?

I am not insisting on anything - I simply asked the question which Natwest savings accounts support DDs. I wasn't aware that it is now not allowed to ask simple questions.