Tesco Savings DDs

EachPenny

Steve_xx wrote: »

I wonder if the poster means that Tesco are planning to withdraw the ability to setup DD mandates on 13 January, with those already setup by that date being allowed to continue until 22 April?

Wouldn't that need to have been covered by the T&C's change though?

The same applies to the other possible interpretaion of withdrawing the DD option for new accounts opened after 13 Jan. Unless they are going to issue another new version of the T&C's....

Steve_xx

EachPenny wrote: »

Wouldn't that need to have been covered by the T&C's change though?

The same applies to the other possible interpretaion of withdrawing the DD option for new accounts opened after 13 Jan. Unless they are going to issue another new version of the T&C's....

It's a bit of guesswork. The poster may have heard/interpreted incorrectly. Bank staff of course are never guilty of giving out incorrect information!

polymaff

Steve_xx wrote: »

Bank staff of course are never guilty of giving out incorrect information!

Perish the thought :rotfl:

"Prior to 22 April 2018 regular or one off payments can be made by setting up a Direct Debit via Online Banking."

Seems to settle the issue, though.

Katiehound

and think I have just managed to replace all those DDs I needed! (turned out I could cancel a couple without me realising that fact)
Small headache solved.
Now even more a/cs open- with savings- so it hasn't streamlined the process !! That would be far tooooo easy.

Mikkelzzz3

Maybe I heard wrong about the exact day, but I am 100% sure the Tesco Rep said i Could not make new DD's, at some point in January.

Steve_xx

Mikkelzzz3 wrote: »

Maybe I heard wrong about the exact day, but I am 100% sure the Tesco Rep said i Could not make new DD's, at some point in January.

The problem is that if you were to phone them again, you'd likely get somebody else, and a different tale to go with it!

badger09

Mikkelzzz3 wrote: »

Maybe I heard wrong about the exact day, but I am 100% sure the Tesco Rep said i Could not make new DD's, at some point in January.

You might be 100% sure about what the Tesco rep said, but they were 100% wrong.

The revised Internet Saver & Instant Access Savings Accounts T&Cs state (amongst other things)

'We are making changes to the way in which you can fund your Account. In particular, as of 22nd April 2018 you will not be able to fund your Account by way of Direct Debit. On this date all Direct Debits set up on your Account will be cancelled. No further Direct Debits can be set up from this date.'

Which is crystal clear.

polymaff

Mikkelzzz3 wrote: »

Maybe I heard wrong about the exact day, but I am 100% sure the Tesco Rep said i Could not make new DD's, at some point in January.

badger09 wrote: »

You might be 100% sure about what the Tesco rep said, but they were 100% wrong.

The revised Internet Saver & Instant Access Savings Accounts T&Cs state (amongst other things)

'We are making changes to the way in which you can fund your Account. In particular, as of 22nd April 2018 you will not be able to fund your Account by way of Direct Debit. On this date all Direct Debits set up on your Account will be cancelled. No further Direct Debits can be set up from this date.'

Which is crystal clear.

Not on the highlighted issue - but

http://forums.moneysavingexpert.com/showpost.php?p=73484948&postcount=533

is

soulsaver

I believe the source of confusion re 13th January date is because that is the date the new T&Cs are effective - ie the end of the notice period changing the existing T&Cs.

In the 'new' T&Cs it is ending the facility to set up DDs and is cancelling existing DDs at 22nd April.

https://forums.moneysavingexpert.com/discussion/5730177 2nd line on page in picture post #68

JustAnotherSaver

Well after just discovering this while I wait on my Xmas dinner I've been having a browse as I try to see what other people are doing to try and work around all this and then I got to the following post....

adindas wrote: »

It is not April 1, yet is not it ??
The clue is: first time poster with user name. Scarecrow.
He might be chuckling after reading the response he has got from the thread he has started. For first time poster, it does not really matter even if you get banned on MSE for spreading a hoax.

But I will not rule out, it might be true as it is expected that it will happen at some point in the future anyway.

But to me start investing time before at least another person a non-first time posters confirm it, NOPE.

And thought how very typical of the MSE community

Everyone always thinks something is going on, someone is up to no good.

Makes me wonder whether most of you are management where I work!!