Savings accounts accepting DD's

pecunianonolet

Lol, why are folk not using Paypal F&F? Register your card, make a F&F DD to a friend, partner, etc. for 1p. Using this method at the moment to fill up my RBS Digital Saver with round ups but it will work with other stuff too. My new TSB card will be used in the same way to cash in the monthly 5er cash back. 

ColdIron

You don't need to involve a 3rd party, just take a DD from one of your accounts

tg99

I did an individual loose carrot the other day to trigger direct debit…..cost 2p.

Descrabled

tg99 said:

I did an individual loose carrot the other day to trigger direct debit…..cost 2p.

Couldn't you have found a smaller carrot?

If you had use RBS debt card you could have added £1.96 to your digital regular saver at 5% interest giving a 10p uplift in your annual income.

adindas

Jerry_Mander said:

Anyone got any ideas for the cheapest item available at common shops and supermarkets? I found a Swizzels Mega Drumstick for 35p in Sainsburys. There has to be cheaper individual sweets or the like around somewhere.

Actually I just thought of a cheaper individual item. Loose onions are 65p a kilo which makes one onion about 10p! So that'll be 5 individual onions bought on my TSB card each month lol!

I am fully aware  that this thread is about Savings accounts accepting DD's and not small multiple spending via Debit-card. But anyway just want to pass my opinion.

In my personal opinion people take it spending multiple times by Debit card too far, forgetting the time you need to spend.to get the reward. You could buy one piece of lose items such as onions, potatoes, carrot, chillies, wall nuts, cashew nuts, etc. However  keep in mind you will still to weight and pay for each item individually in the self check in. You might be attracting suspicion or getting involved in argument with the self check in counter assistants as they could see that you still have item on your basket. Another one you might be missing is the benefit of bulk purchasing.

Similarly, buying 1p stamp in the post office might annoy the post office staffs. Also you have not counted your time to go to the post office and queue. Everyone is different and this is just my personal opinion.

In my personal opinion buying 10p amazon gift cards, then add them to your own amazon account is more doable. Alternatively might be with 1p send to  friend using PayPal, have not tried this one myself though.

crumpet_man

Descrabled said:

tg99 said:

I did an individual loose carrot the other day to trigger direct debit…..cost 2p.

Couldn't you have found a smaller carrot?

If you had use RBS debt card you could have added £1.96 to your digital regular saver at 5% interest giving a 10p uplift in your annual income.

Easy access savings accounts are close to 3%, plus there are several regular savers offering 4.5 to 5% so you're really getting nothing/next to nothing extra by using round ups on purchases.  Even more so if you are making extra purchases just for the round up to 5% savings as it must be time consuming.

Jerry_Mander

eskbanker said:

Individual loose carrots?

Yes, thought about that just after posting the onions. Should be able to get it down to a few pence per carrot by choosing wisely.

Jerry_Mander

Bridlington1 said:

You can buy 1p stamps at my local post office. Failing that you could buy a 10p amazon gift card online.

I saw the 1p stamps idea earlier in the thread but I'm not sure I've got the cheek to pay for a 1p stamp with a debit card. Not when I have to deal with a real person anyway, unlike the self-serve carrot swindle. But I never knew about the 10p Amazon gift cards. That's a great idea, thank you. Now all I have to do is choose which of my beloved family are getting a 10p Amazon voucher for Christmas.

Jerry_Mander

tg99 said:

I did an individual loose carrot the other day to trigger direct debit…..cost 2p.

How do you turn a purchase like that into a DD?

Jerry_Mander

pecunianonolet said:why are folk not using Paypal F&F?

You lost me. F&F?