Savings accounts accepting DD's

Speculator

EarthBoy said:

Mosler said:

Received a letter saying all Birmingham Midshires easy access savings account will be closed between 24.11.22 and 24.12.22. 

According to their website they're closing all accounts, not just easy access ones. It sounds like they're closing the brand down.

https://www.birminghammidshires.co.uk/about/news/96/receiving-a-closing-account-letter.aspx

Received a letter today. They are closing all my Birmingham Mids accounts between 24/11 and 24/12.

anna42hmr

Speculator said:

EarthBoy said:

Mosler said:

Received a letter saying all Birmingham Midshires easy access savings account will be closed between 24.11.22 and 24.12.22. 

According to their website they're closing all accounts, not just easy access ones. It sounds like they're closing the brand down.

https://www.birminghammidshires.co.uk/about/news/96/receiving-a-closing-account-letter.aspx

Received a letter today. They are closing all my Birmingham Mids accounts between 24/11 and 24/12.

yes i've received the letter this morning, same dates for me too, looks like birmingham midshires brand will be disapearing from the savings market altogether 

AndyPK

Birmingham midshires are closing savings accounts from 24 nov 2022

Nick_C

The news about BM has been posted five times now.  The latest posts add nothing.  

koenig

Daliah said:

Over62 said:

Mosler said:

Received a letter saying all Birmingham Midshires easy access savings account will be closed between 24.11.22 and 24.12.22. 

Bad news.  Mr Over62 and I have eight between us, generating direct debits to enable rewards on other accounts to be paid.  Major rethink needed.

Investigate Credit Unions. Many of them support DDs into accounts in your own name

Any suggestions for credit unions that use DD's?

martinm1

koenig said:

Daliah said:

Over62 said:

Mosler said:

Received a letter saying all Birmingham Midshires easy access savings account will be closed between 24.11.22 and 24.12.22. 

Bad news.  Mr Over62 and I have eight between us, generating direct debits to enable rewards on other accounts to be paid.  Major rethink needed.

Investigate Credit Unions. Many of them support DDs into accounts in your own name

Any suggestions for credit unions that use DD's?

Yes Basildon credit union.  

Daliah

koenig said:

Daliah said:

Over62 said:

Mosler said:

Received a letter saying all Birmingham Midshires easy access savings account will be closed between 24.11.22 and 24.12.22. 

Bad news.  Mr Over62 and I have eight between us, generating direct debits to enable rewards on other accounts to be paid.  Major rethink needed.

Investigate Credit Unions. Many of them support DDs into accounts in your own name

Any suggestions for credit unions that use DD's?

Loads do. You should start by looking at those CUs which will take you as a member. Their websites will tell you whether you can be a member, and whether deposits can be made by DD.

 https://www.findyourcreditunion.co.uk/ might help, though it is not totally comprehensive.

adindas

The account such as Coop require 4DD each month. 
To pull money from COOP into PayPal Account by DD. Could you do that one after another pressing 4 times in the same day.
I remember someone was saying you could pull as low as 1p (instead of £1), is that correct ?

crumpet_man

adindas said:

martinm1 said:

adindas said:

The account such as Coop require 4DD each month. 
To pull money from COOP into PayPal Account by DD. Could you do that one after another pressing 4 times in the same day.
I remember someone was saying you could pull as low as 1p (instead of £1), is that correct ?

Plum also allow many DDS per month plus they set you up really quickly. I have a referral code if anyone's interested in opening.

I already have plum, so not interested currently. What I could see is that they only allow a minimum of £10.
What I have not tried is that to link several accounts pull the money and pull by Direct Debit .
Is it possible to pull money by DD from several current accounts from a single Plum acccount similar to what PayPal do ?.

Minimum DD with Plum is £1.

Only one current account can be linked by DD.

koenig

adindas said:

martinm1 said:

adindas said:

The account such as Coop require 4DD each month. 
To pull money from COOP into PayPal Account by DD. Could you do that one after another pressing 4 times in the same day.
I remember someone was saying you could pull as low as 1p (instead of £1), is that correct ?

Plum also allow many DDS per month plus they set you up really quickly. I have a referral code if anyone's interested in opening.

I already have plum, so not interested currently. What I could see is that they only allow a minimum of £10.
What I have not tried is that to link several accounts pull the money and pull by Direct Debit .
Is it possible to pull money by DD from several current accounts from a single Plum acccount similar to what PayPal do ?.

Can 2 Paypal accounts, with direct debits on separate current accounts, be used to send money to each other, to count as 2 DD's?