Savings accounts accepting DD's

adindas

My BMs saving are still pulling money from Various Accounts this December for various date until today. Would want to see what will happen in January 2023.

Jerry_Mander

adindas said:

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

Do you know this for sure, as in you've actually done it? Would be very useful if so as I've just opened a TSB account.

adindas

Jerry_Mander said:

adindas said:

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

Do you know this for sure, as in you've actually done it? Would be very useful if so as I've just opened a TSB account.

It is mentioned on their switching T&C. Look at also the other conditions to qualify the additional £55 cashback.

"To qualify for the additional £55 cashback, you need to do all of the following each month between 1 December 2022 and 31 May 2023:
6. make at least 5 debit card payments per month (excluding cash withdrawals and bill payments made in a TSB branch)
7.  pay at least £500 into your account each month
8.  have a minimum of 2 active Direct Debits on your new Spend & Save or Spend & Save Plus account
If you’ve done all these things we’ll pay £55 cashback into your new Spend & Save or Spend & Save Plus account by 30 June 2023"

The question whether I have personally done that, yes I have done that and completed the mission for this month. I will repeat that again next month until I get £55 cashback and then switch this account when another opportunity arise.

Jerry_Mander

adindas said:

6. make at least 5 debit card payments per month (excluding cash withdrawals and bill payments made in a TSB branch)

The question whether I have personally done that, yes I have done that and completed the mission for this month. I

What worries me is that the Paypal direct debits , although they show as DDs on the TSB account, may not count for the deal. For example, I have a Chase account and although Paypal DDs show as DDs on the account they don't count for the 1% cashback I should get. And I don't imagine TSB tell you you've met that month's spending tasks to get the £50 or £5, or do they?

AmityNeon

Jerry_Mander said:

adindas said:

6. make at least 5 debit card payments per month (excluding cash withdrawals and bill payments made in a TSB branch)

The question whether I have personally done that, yes I have done that and completed the mission for this month. I

What worries me is that the Paypal direct debits , although they show as DDs on the TSB account, may not count for the deal. For example, I have a Chase account and although Paypal DDs show as DDs on the account they don't count for the 1% cashback I should get. And I don't imagine TSB tell you you've met that month's spending tasks to get the £50 or £5, or do they?

Chase doesn't pay cashback on direct debits.

Bridlington1

Jerry_Mander said:

adindas said:

6. make at least 5 debit card payments per month (excluding cash withdrawals and bill payments made in a TSB branch)

The question whether I have personally done that, yes I have done that and completed the mission for this month. I

What worries me is that the Paypal direct debits , although they show as DDs on the TSB account, may not count for the deal. For example, I have a Chase account and although Paypal DDs show as DDs on the account they don't count for the 1% cashback I should get. And I don't imagine TSB tell you you've met that month's spending tasks to get the £50 or £5, or do they?

I've been getting the £5 for making 30 debit card payments for months and they've never told me if I'm eligible for the £5. They just pay up the following month.

k_man

Jerry_Mander said:

adindas said:

6. make at least 5 debit card payments per month (excluding cash withdrawals and bill payments made in a TSB branch)

The question whether I have personally done that, yes I have done that and completed the mission for this month. I

What worries me is that the Paypal direct debits , although they show as DDs on the TSB account, may not count for the deal. For example, I have a Chase account and although Paypal DDs show as DDs on the account they don't count for the 1% cashback I should get. And I don't imagine TSB tell you you've met that month's spending tasks to get the £50 or £5, or do they?

The Chase cashback is only for debit card payments, not direct debits.

TSB requires 2x DDs, one of which could be a PayPal DD (which could be PayPal purchase or a manual Paypal wallet top-up)
TSB also requires 5 debit card payments, which could be 5 purchases via PayPal if the payment is via a linked debit card, rather than bank account/DD (this is usually an option during PayPal purchase/checkout).

Whether the extra step of using PayPal for the debit card purchases (rather than direct) is debatable.

Jerry_Mander

k_man said:

The Chase cashback is only for debit card payments, not direct debits.

Yes indeed I wrote the wrong thing. I've tried it with Paypal debit card payments as well and they don't pay out the 1% cash back on that either.

Jerry_Mander

Bridlington1 said:

I've been getting the £5 for making 30 debit card payments for months and they've never told me if I'm eligible for the £5. They just pay up the following month.

That was sort of the point I was trying to make. You don't know until the £5 payment gets made (or not) whether the payment type you use is acceptable to TSB and by which time it's too late to try another payment method.

AmityNeon

Jerry_Mander said:

k_man said:

The Chase cashback is only for debit card payments, not direct debits.

Yes indeed I wrote the wrong thing. I've tried it with Paypal debit card payments as well and they don't pay out the 1% cash back on that either.

Chase has a long list of cashback exclusions, but simply paying through PayPal isn't one of them; it depends on the merchant category code.

I can't think of an instance where PayPal direct debits were deemed ineligible or rejected for switch offers or monthly rewards.