Savings accounts accepting DD's

Mosler

Has anyone opened a notice account with Charity Bank for DD's?  I asked them what the minimum amount was for the DD, they said £10 was preferred as it costs them money to setup the DD, is that correct? It doesn't say in the T+C's that there is a minimum though. You have to deposit £250 to open the account too.

adindas

From my note it says that Chip also allow deposit to saving account by DDs. Could anyone who has tried it could shed the light if deposit by DDs is still working, what is the minimum amount for DDs ??

Also they pay a good interest of 2.55% for its instant access saving

https://moneyfacts.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

Ghostcrawler

adindas said:

From my note it says that Chip also allow deposit to saving account by DDs. Could anyone who has tried it could shed the light if deposit by DDs is still working, what is the minimum amount for DDs ??

Also they pay a good interest of 2.55% for its instant access saving

https://moneyfacts.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false

No they dont accept deposits through Direct Debit, only through bank transfer or debit card

https://intercom.help/get-chip/en/articles/6541702-deposits-explained

PRAISETHESUN

crumpet_man said:

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.

You can link multiple accounts to Plum but only one can be your primary account, which is the one Plum sets up a DD to. If you change primary account then Plum will cancel the existing DD mandate and set up a new one on the new primary account. Minimum deposit appears to be £1 as mentioned above.

Something else I've noticed is that initially you need to link your current account to Plum via Open Banking, however there is no obligation to keep your account linked once the DD mandate is set up. Manual/scheduled DD deposits will continue to work after you cancel the Open Banking link. Useful to know if you're not keen on continuing to share your data with Plum.

adindas

PRAISETHESUN said:

crumpet_man said:

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.

You can link multiple accounts to Plum but only one can be your primary account, which is the one Plum sets up a DD to. If you change primary account then Plum will cancel the existing DD mandate and set up a new one on the new primary account. Minimum deposit appears to be £1 as mentioned above.

Something else I've noticed is that initially you need to link your current account to Plum via Open Banking, however there is no obligation to keep your account linked once the DD mandate is set up. Manual/scheduled DD deposits will continue to work after you cancel the Open Banking link. Useful to know if you're not keen on continuing to share your data with Plum.

Could you have two Plum accounts on two different mobile devices ? E.g you install a new one on the second mobile device but with different email/phone number. As the same person, the applicant detail must he same though ??

Have  anyone tried this ?? If this is working than you could get an additional DD source.from Plum.

PRAISETHESUN

adindas said:

PRAISETHESUN said:

crumpet_man said:

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.

You can link multiple accounts to Plum but only one can be your primary account, which is the one Plum sets up a DD to. If you change primary account then Plum will cancel the existing DD mandate and set up a new one on the new primary account. Minimum deposit appears to be £1 as mentioned above.

Something else I've noticed is that initially you need to link your current account to Plum via Open Banking, however there is no obligation to keep your account linked once the DD mandate is set up. Manual/scheduled DD deposits will continue to work after you cancel the Open Banking link. Useful to know if you're not keen on continuing to share your data with Plum.

Could you have two Plum accounts on two different mobile devices ? E.g you install a new one on the second mobile device but with different email/phone number. As the same person, the applicant detail must he same though ??

Have  anyone tried this ?? If this is working than you could get an additional DD source.from Plum.

I had a Plum account in the past which I asked to close. I tried to reopen it earlier in the year and although they could find my old profile on their systems, they weren't able to reopen it for some reason. I eventually just opened a new account using a new email address which worked fine - all the other details were the same as my old account. Because of this I think that you'll probably be okay to do as you suggest. I'd be keen to hear how it goes if you do try it.

adindas

PayPal is one of the most prolific DD generators as you could attach several current accounts  with one PP account, although unfortunately will need to be done manually. If my memory serves well someone was saying you could link 4+4 current (e.g four at a time). I have only four current AC linked to PP at the moment so can not confirm this 4+4 though.

I also remember i read posting someone is saying that the same person could have multiple PayPal accounts.

If you do not mind sharing your experience, How do you do that is it using a different email address with the same applicant detail ?? I reckon you will not be able to link it two PayPal account to Ebay (or you could?). Thank you for sharing..

adindas

PRAISETHESUN said:

adindas said:

PRAISETHESUN said:

crumpet_man said:

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.

You can link multiple accounts to Plum but only one can be your primary account, which is the one Plum sets up a DD to. If you change primary account then Plum will cancel the existing DD mandate and set up a new one on the new primary account. Minimum deposit appears to be £1 as mentioned above.

Something else I've noticed is that initially you need to link your current account to Plum via Open Banking, however there is no obligation to keep your account linked once the DD mandate is set up. Manual/scheduled DD deposits will continue to work after you cancel the Open Banking link. Useful to know if you're not keen on continuing to share your data with Plum.

Could you have two Plum accounts on two different mobile devices ? E.g you install a new one on the second mobile device but with different email/phone number. As the same person, the applicant detail must he same though ??

Have  anyone tried this ?? If this is working than you could get an additional DD source.from Plum.

I had a Plum account in the past which I asked to close. I tried to reopen it earlier in the year and although they could find my old profile on their systems, they weren't able to reopen it for some reason. I eventually just opened a new account using a new email address which worked fine - all the other details were the same as my old account. Because of this I think that you'll probably be okay to do as you suggest. I'd be keen to hear how it goes if you do try it.

Will share it if I decide to go ahead with this plan.

ForumUser7

adindas said:

PayPal is one of the most prolific DD generators as you could attach several current accounts  with one PP account, although unfortunately will need to be done manually. If my memory serves well someone was saying you could link 4+4 current (e.g four at a time). I have only four current AC linked to PP at the moment so can not confirm this 4+4 though.

I also remember i read posting someone is saying that the same person could have multiple PayPal accounts.

If you do not mind sharing your experience, How do you do that is it using a different email address with the same applicant detail ?? I reckon you will not be able to link it two PayPal account to Ebay (or you could?). Thank you for sharing..

@adindas So hypothetically, if I was to open an account that required 2 monthly direct debits, I could link said account to PayPal and do the 'add money' feature for the minimum direct debit amount as required by the account 2 times, then just send the money back to my bank account after, and that'd count?

adindas

ForumUser7 said:

adindas said:

PayPal is one of the most prolific DD generators as you could attach several current accounts  with one PP account, although unfortunately will need to be done manually. If my memory serves well someone was saying you could link 4+4 current (e.g four at a time). I have only four current AC linked to PP at the moment so can not confirm this 4+4 though.

I also remember i read posting someone is saying that the same person could have multiple PayPal accounts.

If you do not mind sharing your experience, How do you do that is it using a different email address with the same applicant detail ?? I reckon you will not be able to link it two PayPal account to Ebay (or you could?). Thank you for sharing..

@adindas So hypothetically, if I was to open an account that required 2 monthly direct debits, I could link said account to PayPal and do the 'add money' feature for the minimum direct debit amount as required by the account 2 times, then just send the money back to my bank account after, and that'd count?

@ForumUser7 At the moment I only have one PP AC. I primary used PP DD on different current accounts that need DD.

So say you have four different current accounts need DDs, you link these four accounts to the PP.

So you could get 1DD from PP from these four different account.

If one account need two different source of DDs, I do not think you could use the same PP account, you might need to find another one other than PP such as from charities, Saving accounts, Fintech, etc

It might work with PP if you use two different PayPal Accounts.