Tesco Savings DDs

clivep

Kim_13 wrote: »

Many posters opened a Tesco Internet Saver and a Tesco Instant Access Savings account. Being two different accounts, these would definitely count as two DD's unless excluded for both being to Tesco (I have not heard of any doing this.)

The only one I'm aware of that stipulates different DDs to different companies is TSB to get the £5 cashback for 2 Direct Debits:

3.£5 Cashback for 2 Direct Debits
3.1 You must make at least 2 Direct Debit payments from your account each calendar month to earn £5 cashback.
3.2 The 2 Direct Debit payments each month must be made to different companies.

Setting up 2 x DDs on a single Tesco savings account with different references creates 2 x mandates so should count as different DDs. However, I did find that when switched from TSB to Coop these were consolidated back into 1 DD mandate. (Coop requirement is now satisfied by 1 Post Office DD taken weekly).

eskbanker

ashnojutsu wrote: »

In my case the DD's CAN be of the same organization - there is no condition saying they must be from different companies. However, my original question is do they count as different DD's if the reference number is different for each DD - the originator can be identical in my case.

A good example of this is the Tesco Savings account, despite being from the same originator, multiple DD debiting from the same account DO in fact count as separate DD's.

I answered your original question, but to try another form of wording: there is no such (universal) thing as 'counting as different DDs', it all depends on exactly what they're counting for and who's deciding. So, Bank A's Ts & Cs may see multiple DDs paid to the same organisation (but with different reference numbers) as qualifying for interest or a switching bonus while Bank B's don't....

ashnojutsu

eskbanker wrote: »

I answered your original question, but to try another form of wording: there is no such (universal) thing as 'counting as different DDs', it all depends on exactly what they're counting for and who's deciding. So, Bank A's Ts & Cs may see multiple DDs paid to the same organisation (but with different reference numbers) as qualifying for interest or a switching bonus while Bank B's don't....

No you didn't - as you don't have a definitive answer, you simply stated "ask the bank, as bank A may treat them as separate DD's while bank B doesn't".

I never mentioned switching or interest conditions, so they have no relevance to my question - if I did, then I would indeed be party to the bank's T&C's, but I haven't, so this has no bearing on my query.

Based on my own research, I can indeed confirm, if you have multiple DD's from the same originator, but they have different DD reference numbers, they DO count as separate DD's.

When creating a Direct Debit Instruction, you cannot re-use the same payer reference for the same customer on a new DDI, AUDDIS would reject the DDI with an "I" error code.
Therefore a new DD mandate (DDI) would have to be created with a new payer reference, hence a brand new, separate DD. Hope that clarifies matters

soulsaver

Glad we cleared that up..

NoodleDoodleMan

Birmingham Midshires really are hard work.

I attempted to change the date of the monthly DD by using the Amend function on the Regular Payment link - no joy.

After several rejections I tried deleting the existing instruction and setting up a new one - worked immediately.

What a daft system.

Nationwide8

I am one of those who have had to find and move around quite a few DDs because Tesco is stopping its DD facility.....and before anyone asks I do have quite a lot of money invested with Tesco so it's not a case of using them just for DDs

So one of the DDs I had to move was British Gas.....been coming out of one bank for years no problem
Easy you think just change details on the BG website "My account" page...

Started this mid November 2017.
First payment due 1st Dec ...wasn't taken..

Que umpteen calls to BG ( one bloke was in South Africa !! And ultimately had no clue ) BGhelp ( which is a firefighting service as far as I can tell SO many unhappy customers ) Twitter conversations by DM etc and BG STILL cannot seem to take money from me to cover payments.
Up to now they have some excuse for failing to take 3 DD payments on various dates ( they don't tell you btw you have to check if DD have gone out ) since mid Nov from a bank account that already has other DD s set up and is a "normal" running bank account always in credit.

They promise faithfully they will take a DD payment on 18th Feb.....

Watch this space and I rue the day Tesco decided to pull their DD facility :wall:
At this rate ALL my money will be coming away from BOS ( keeping a £1 in one Current account for the Reg Saver ) and into saving/ regular savers elsewhere that I don't have to find DDs for.

AndyPK

So i'm late to the party.

Can I open 2 or more of these ?

Scottish Widows Internet Saver Account
Post Office Online Saver (can only DD in from one nominated account)
Chip and Plum (app based)
Birmingham Midshires Internet Saver Account (can only DD in from one )

I need 5 for BOS and would like to minimize the effort in opening accounts

Rich2808

AndyPK wrote: »

So i'm late to the party.

Can I open 2 or more of these ?

Scottish Widows Internet Saver Account
Post Office Online Saver (can only DD in from one nominated account)
Chip and Plum (app based)
Birmingham Midshires Internet Saver Account (can only DD in from one )

I need 5 for BOS and would like to minimize the effort in opening accounts

Yes - I believe you can have two of the SW/BM/PO accounts. Scottish widows allow weekly DDs - which works for some current accounts but not for BOS as they require two different Direct debits.

There is also the ecology regular saver - £25 via DD.

https://www.ecology.co.uk/savings/savings-accounts/regular-savings/

Other savings options are Christmas savings accounts with Park and others - and some local credit unions also do DDs.

https://www.getpark.co.uk

Speculator

Rich2808 wrote: »

Yes - I believe you can have two of the SW/BM/PO accounts. Scottish widows allow weekly DDs - which works for some current accounts but not for BOS as they require two different Direct debits.

There is also the ecology regular saver - £25 via DD.

https://www.ecology.co.uk/savings/savings-accounts/regular-savings/

Other savings options are Christmas savings accounts with Park and others - and some local credit unions also do DDs.

https://www.getpark.co.uk

Also if you have kids at school, there's the School Gateway

JamesRobinson48

After switching all of council tax, TV licence and National Trust from annual to monthly DD, I found myself just one DD short. So I applied for a new credit card (requesting a very low credit limit), set it up to pay the full balance by DD every month, and spend around £10 per month on it.

Also I bought myself a little time by adjusting each of my Tesco DDs so that, in the final month of April, they will all be taken some days before the cutoff which I think is around 21st(??).