Savings accounts accepting DD's

karlie88

Uh oh.....

derrick

bluehydrangeas wrote: »

In the past few days I've been trying to open another account,

Are you allowed more than one?


I have one O/Saver 9 Ann account used for one DD via the linked account. Is it therefore possible for me to open a second account without compromising the first account and set up a DD from second account via a different linked account?




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Iceweasel

I've been busy this morning and think I have a solution.

Forget the Post Office - their website is pants - and it looks like they are pulling the plug on those of us with multiple accounts set up principally or solely to satisfy the DD requirements of other banks.

A Santander eSaver, Cash ISA, or a Flexible Saver account allows you to set up as many DD feeds as you require - no limit the cashier at my local branch said.

They printed off a whole load of the Savings Direct Debit forms to do it, and even gave me an envelope to send them to Head Office in Bradford.

It can be downloaded as mentioned in the post by Ed-1

But don't use the one in the link that KTF posted as it has been replaced with a new version with slightly different wording.

Mchambers

derrick wrote: »

Are you allowed more than one?


I have one O/Saver 9 Ann account used for one DD via the linked account. Is it therefore possible for me to open a second account without compromising the first account and set up a DD from second account via a different linked account?




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Yes you will have no problems.

karlie88

Iceweasel wrote: »

I've been busy this morning and think I have a solution.

Forget the Post Office - their website is pants - and it looks like they are pulling the plug on those of us with multiple accounts set up principally or solely to satisfy the DD requirements of other banks.

A Santander eSaver, Cash ISA, or a Flexible Saver account allows you to set up as many DD feeds as you require - no limit the cashier at my local branch said.

They printed off a whole load of the Savings Direct Debit forms to do it, and even gave me an envelope to send them to Head Office in Bradford.

It can be downloaded as mentioned in the post by Ed-1

But don't use the one in the link that KTF posted as it has been replaced with a new version with slightly different wording.

You'll need to send paper statements of the current accounts that you are creating a DD for. Despite no mention of this on the form, all of my forms were returned with a note stating this. Same happened with 2 other family members.

derrick

Mchambers wrote: »

Yes you will have no problems.

Just filled out an application, (but not submitted), as on reading Terms & Conditions it says under Section 2 General Conditions:- "12) You may not open more than one Account in your sole name and one Account jointly in your name and that of someone else."






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KTF

Well they are not enforcing their T&C very well then are they

Sea_Shell

I give it until about August before Santander pull this facility too, if they get inundated with forms now!

derrick

KTF wrote: »

Well they are not enforcing their T&C very well then are they

I have just spoken to PO savings and am informed that the only way to open more than one is to open a sole account plus a joint account, so someone is telling porkies.




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KTF

Last week (or whenever it was), I went here:


https://www.postoffice.co.uk/savings-accounts/online-saver


Started an application, filled in the details and waited for the confirmation email.


Then I checked the online banking to see if it appeared and did the same again.



As of today it looks like this (accounts renamed):


https://ibb.co/h0spRT