Savings accounts accepting DD's

veryintrigued

Southcoast01 said:

Email from post office today advising direct debit deposits will no longer be accepted from 1st march 2022 while all existing direct debits will be cancelled.

This thread title needs to be changed to ' Companies which will be ditching DDs in the near future'

castle96

Set up an Ecology Reg Saver for direct debits x 2, but they will only allow 1 x  (duh)

dcs34

castle96 said:

Set up an Ecology Reg Saver for direct debits x 2, but they will only allow 1 x  (duh)

Remember each account adds two direct debits though

Chadsman

dcs34 said:

castle96 said:

Set up an Ecology Reg Saver for direct debits x 2, but they will only allow 1 x  (duh)

Remember each account adds two direct debits though

Are you saying savers can get two direct debit mandates from each Ecology account - how does that work?

milton1970

QQ on Moneybox 

Moneybox restricts individual to a single linked bank account but allows multiple savings accounts (Simple, 90 day & 120 day). 

Given the financial institution behind these savings accounts differ do they appear / count as separate different DDs or the same (i.e. originate from Moneybox)?

TIA

Ghostcrawler

milton1970 said:

QQ on Moneybox 

Moneybox restricts individual to a single linked bank account but allows multiple savings accounts (Simple, 90 day & 120 day). 

Given the financial institution behind these savings accounts differ do they appear / count as separate different DDs or the same (i.e. originate from Moneybox)?

TIA

DD taken only from one bank. You cannot connect different banks to your DDs connected to different accounts in Moneybox

milton1970

Thanks @Ghostcrawler

For clarity, I mean .. if I linked to a single current account but opened a Simple & a 90 Day account would they be 2 separate DDs as they appear to be through different financial institutions via Moneybox 

2 separate DDs that count towards any requirement 

TIA

castle96

Ecology - u can only have one RS and (they tell me), 1 x DD on that. I did send in 2 x

crumpet_man

Moneybox is one DD mandate  All deposits (weekly, monthly, one offs) are taken on the same day in one go and then distributed to the different moneybox pots/accounts.

You can have a DD paid weekly which works for co op rewards, Barclays blue, RBS/NatWest rewards as they require a number of DDs to be paid each month but do not stipulate they need to be different DD mandates.

anna42hmr

Southcoast01 said:

Email from post office today advising direct debit deposits will no longer be accepted from 1st march 2022 while all existing direct debits will be cancelled.

I've had mine today, good whilst it lasted.  at least they've given a decent timeline for warning customers.