Savings accounts accepting DD's

PRAISETHESUN

adindas said:

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.

Some banks that require multiple DD payments each month don't actually require multiple DD mandate. NatWest/RBS/Co-Op/Barclays for example can all be satisfied with a single mandate pulling multiple times (eg. weekly, or just 2-4x manual PayPal DDs).

adindas said:

Band7 said:

If memory serves me right, there has only been one bank (COOP?) which stipulated a minimum DD amount, and that was £2. All my DDs are for £1.0x, where x is 1,2,3,4 etc so I can distinguish them when they get debited. I have also taken to make mine annual DDs unless they must be monthly.

No minimum DD amount for Coop but they require 4x DDs (not necessarily different DDs source) . Nowadays it is quite hard to find a saving account that allow weekly DDs (if any).

Does anyone know which saving account that could still do weekly DD ? BM,PO used to be good for this but no longer available in Nov/Dec 2022 ? Any other suggestion ?

This PayPal might  do the work, by pulling them one after another 4x.

Also PP is good for TSB switching to get additional £55 which provide condition make at least 5 debit card payments per month.

Plum/Moneybox can both be used to fund a single account weekly.

martinm1

adindas said:

Band7 said:

If memory serves me right, there has only been one bank (COOP?) which stipulated a minimum DD amount, and that was £2. All my DDs are for £1.0x, where x is 1,2,3,4 etc so I can distinguish them when they get debited. I have also taken to make mine annual DDs unless they must be monthly.

No minimum DD amount for Coop but they require 4x DDs (not necessarily different DDs source) . Nowadays it is quite hard to find a saving account that allow weekly DDs (if any).

Does anyone know which saving account that could still do weekly DD ? BM,PO used to be good for this but no longer available in Nov/Dec 2022 ? Any other suggestion ?

This PayPal might  do the work, by pulling them one after another 4x.

Also PP is good for TSB switching to get additional £55 which provide condition make at least 5 debit card payments per month.

Plum do DD's as often as you want and you can set them weekly, monthly plus pause at any time.  I have a referral link that I dont think can be shared on here.

Steve_xx

martinm1 said:

adindas said:

Band7 said:

If memory serves me right, there has only been one bank (COOP?) which stipulated a minimum DD amount, and that was £2. All my DDs are for £1.0x, where x is 1,2,3,4 etc so I can distinguish them when they get debited. I have also taken to make mine annual DDs unless they must be monthly.

No minimum DD amount for Coop but they require 4x DDs (not necessarily different DDs source) . Nowadays it is quite hard to find a saving account that allow weekly DDs (if any).

Does anyone know which saving account that could still do weekly DD ? BM,PO used to be good for this but no longer available in Nov/Dec 2022 ? Any other suggestion ?

This PayPal might  do the work, by pulling them one after another 4x.

Also PP is good for TSB switching to get additional £55 which provide condition make at least 5 debit card payments per month.

Plum do DD's as often as you want and you can set them weekly, monthly plus pause at any time.  I have a referral link that I dont think can be shared on here.

And can you pull monies to Plum via DD from multiple bank accounts?

adindas

Steve_xx said:

martinm1 said:

adindas said:

Band7 said:

If memory serves me right, there has only been one bank (COOP?) which stipulated a minimum DD amount, and that was £2. All my DDs are for £1.0x, where x is 1,2,3,4 etc so I can distinguish them when they get debited. I have also taken to make mine annual DDs unless they must be monthly.

No minimum DD amount for Coop but they require 4x DDs (not necessarily different DDs source) . Nowadays it is quite hard to find a saving account that allow weekly DDs (if any).

Does anyone know which saving account that could still do weekly DD ? BM,PO used to be good for this but no longer available in Nov/Dec 2022 ? Any other suggestion ?

This PayPal might  do the work, by pulling them one after another 4x.

Also PP is good for TSB switching to get additional £55 which provide condition make at least 5 debit card payments per month.

Plum do DD's as often as you want and you can set them weekly, monthly plus pause at any time.  I have a referral link that I dont think can be shared on here.

And can you pull monies to Plum via DD from multiple bank accounts?

You can set up link to multiple current accounts on Plum but there is only one will be active as your primary account, which is the one Plum  use to sets up a DD mandate.

Once you change primary account to the second one on you linked account in Plum then will cancel the existing DD mandate and set up a new one using your NEW primary account.

So the answer to your  question is: No.

But there might  be possibility to install two Plum account on two different Mobile Devices. This will open possibility to have two DD active. I have not tried it though. those who have tried it please share your experience.

Mosler

PRAISETHESUN said:

adindas said:

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.

Some banks that require multiple DD payments each month don't actually require multiple DD mandate. NatWest/RBS/Co-Op/Barclays for example can all be satisfied with a single mandate pulling multiple times (eg. weekly, or just 2-4x manual PayPal DDs).

adindas said:

Band7 said:

If memory serves me right, there has only been one bank (COOP?) which stipulated a minimum DD amount, and that was £2. All my DDs are for £1.0x, where x is 1,2,3,4 etc so I can distinguish them when they get debited. I have also taken to make mine annual DDs unless they must be monthly.

No minimum DD amount for Coop but they require 4x DDs (not necessarily different DDs source) . Nowadays it is quite hard to find a saving account that allow weekly DDs (if any).

Does anyone know which saving account that could still do weekly DD ? BM,PO used to be good for this but no longer available in Nov/Dec 2022 ? Any other suggestion ?

This PayPal might  do the work, by pulling them one after another 4x.

Also PP is good for TSB switching to get additional £55 which provide condition make at least 5 debit card payments per month.

Plum/Moneybox can both be used to fund a single account weekly.

When you say "2-4x manual PayPal DDs", do you mean use 2 Paypal accounts to send from one to the other?
To clarify do the RBS and Natwest Reward accounts still pay £4 a month per account for a single weekly £2 DD?

Thanks

Mosler

adindas said:

Steve_xx said:

martinm1 said:

adindas said:

Band7 said:

If memory serves me right, there has only been one bank (COOP?) which stipulated a minimum DD amount, and that was £2. All my DDs are for £1.0x, where x is 1,2,3,4 etc so I can distinguish them when they get debited. I have also taken to make mine annual DDs unless they must be monthly.

No minimum DD amount for Coop but they require 4x DDs (not necessarily different DDs source) . Nowadays it is quite hard to find a saving account that allow weekly DDs (if any).

Does anyone know which saving account that could still do weekly DD ? BM,PO used to be good for this but no longer available in Nov/Dec 2022 ? Any other suggestion ?

This PayPal might  do the work, by pulling them one after another 4x.

Also PP is good for TSB switching to get additional £55 which provide condition make at least 5 debit card payments per month.

Plum do DD's as often as you want and you can set them weekly, monthly plus pause at any time.  I have a referral link that I dont think can be shared on here.

And can you pull monies to Plum via DD from multiple bank accounts?

You can set up link to multiple current accounts on Plum but there is only one will be active as your primary account, which is the one Plum  use to sets up a DD mandate.

Once you change primary account to the second one on you linked account in Plum then will cancel the existing DD mandate and set up a new one using your NEW primary account.

So the answer to your  question is: No.

But there might  be possibility to install two Plum account on two different Mobile Devices. This will open possibility to have two DD active. I have not tried it though. those who have tried it please share your experience.

A 2nd Plum account can be opened on a 2nd device, it can't be done with Moneybox.

adindas

Mosler said:

PRAISETHESUN said:

adindas said:

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.

Some banks that require multiple DD payments each month don't actually require multiple DD mandate. NatWest/RBS/Co-Op/Barclays for example can all be satisfied with a single mandate pulling multiple times (eg. weekly, or just 2-4x manual PayPal DDs).

adindas said:

Band7 said:

If memory serves me right, there has only been one bank (COOP?) which stipulated a minimum DD amount, and that was £2. All my DDs are for £1.0x, where x is 1,2,3,4 etc so I can distinguish them when they get debited. I have also taken to make mine annual DDs unless they must be monthly.

No minimum DD amount for Coop but they require 4x DDs (not necessarily different DDs source) . Nowadays it is quite hard to find a saving account that allow weekly DDs (if any).

Does anyone know which saving account that could still do weekly DD ? BM,PO used to be good for this but no longer available in Nov/Dec 2022 ? Any other suggestion ?

This PayPal might  do the work, by pulling them one after another 4x.

Also PP is good for TSB switching to get additional £55 which provide condition make at least 5 debit card payments per month.

Plum/Moneybox can both be used to fund a single account weekly.

When you say "2-4x manual PayPal DDs", do you mean use 2 Paypal accounts to send from one to the other?
To clarify do the RBS and Natwest Reward accounts still pay £4 a month per account for a single weekly £2 DD?

Thanks

Mosler I have linked four current accounts, but I myself have not tried, 4+4.  I read someone said they could link 8 accounts and it does not need two accounts to do this. This will need to be done twice e.g 4+4.  in two separate occasions. e.g four at a time.

Jerry_Mander

adindas said:You could even buy penny items on eBay using PP

Is there a way to find such items for a penny?

adindas

Jerry_Mander said:

adindas said:You could even buy penny items on eBay using PP

Is there a way to find such items for a penny?

You could use free eBAy acutioner tools such as Goofbay. As I said before it is now incredibly difficult to find 1p item as items such as images, recepies have been banned on Ebay. But you  could still find penny items.

Bridlington1

adindas said:

Jerry_Mander said:

adindas said:You could even buy penny items on eBay using PP

Is there a way to find such items for a penny?

You could use free eBAy acutioner tools such as Goofbay. As I said before it is now incredibly difficult to find 1p item as items such as images, recepies have been banned on Ebay. But you  could still find penny items.

I believe you can buy 1p stamps at the post office though. I have not tried this one myself but I see no reason why they will not let you buy them as individual stamps. I can imagine trying to use them could get eventful though.