Savings accounts accepting DD's

Ed-1

londoninvestor wrote: »

I notice from another thread that ICICI pulls from your linked account via a DD:
https://forums.moneysavingexpert.com/discussion/5956511/icici-bank#3

The poster there was unhappy with this, but I imagine for people on this thread it might be more up your street.

ICICI Bank stopped direct debits a few years ago.

PRAISETHESUN

Ed-1 wrote: »

ICICI Bank stopped direct debits a few years ago.

I had a quick look at the linked thread as well as their website and although it is buried a bit, it does potentially look like they might still offer a DD facility; at the very least for their HiSAVE account. I can't find it explicitly mentioned that they accept DDs but they mention that a nominated account must be able to accept a DD facility and some of their FAQs talk about what happens if your DD mandate expires which makes me think it might be possible

polymaff

PRAISETHESUN wrote: »

I had a quick look at the linked thread as well as their website and although it is buried a bit, it does potentially look like they might still offer a DD facility; at the very least for their HiSAVE account. I can't find it explicitly mentioned that they accept DDs but they mention that a nominated account must be able to accept a DD facility and some of their FAQs talk about what happens if your DD mandate expires which makes me think it might be possible

IIRC, as far as ICICI savings accounts are concerned, DDs pulling the linked account were abandoned some years ago. Here, when you attempt to do so, is ICICI's instruction:


"For receiving money into your HiSAVE Remittance Account, please place a fund transfer request at the bank that you hold your nominated linked account with. Please refer to the terms and conditions specified by your bank regarding payments from the account."

NoodleDoodleMan

Anyone know about a Santander DD form - when you put in the reference number/account number, if and how the account sort code goes in the box?

If you Google Santander Savings Direct Debit Form you should get the mandate you need.

Works for e-Saver, Cash ISA and Flexible saver - the last of these is now called Everyday Saver, but it works for Flexible Saver.

I have it bookmarked and it opens no problem, however when I try to cut and paste the link here it won't.

https://www.santander.co.uk/csgs/StaticBS?blobcol=urldata&blobheadername1=content-type&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobheadervalue2=inline%3Bfilename%3D84%5C508%5CSAVE0021NOV13HF_V2+FINAL_240414.pdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1314017202440&maxage=3600

Nick_C

That link works fine!

NoodleDoodleMan

It came up as error 404 yesterday - I have no idea why it did so, or why it is now working.

:huh:

Incidentally, now that my brain has caught up with the rest of me - a single person can have up to 3 direct debits with Santander savings products, whereas a couple can (or should be able to) maximise that up to 10 DDs - 5 per customer.

2 x DDs on single Cash ISAs.
2 x DDs on single Everday Savers (previously Flexible Saver).
2 x DDs on joint Everday Savers.
2 x DDs on single sSavers.
2 x DDs on joint eSavers.

Well, that's the theory at least !!!

r4vvm

NoodleDoodleMan wrote: »

It came up as error 404 yesterday - I have no idea why it did so, or why it is now working.

:huh:

Incidentally, now that my brain has caught up with the rest of me - a single person can have up to 3 direct debits with Santander savings products, whereas a couple can (or should be able to) maximise that up to 10 DDs - 5 per customer.

2 x DDs on single Cash ISAs.
2 x DDs on single Everday Savers (previously Flexible Saver).
2 x DDs on joint Everday Savers.
2 x DDs on single sSavers.
2 x DDs on joint eSavers.

Well, that's the theory at least !!!

So if i wanted 2 direct debits set up i can set up 2 everyday savers or esaver on my santander account.
How do i set this up and can i set it up online?

aj23_2

I just looked at PO Online Saver and it didn't mention Direct Debit as a method of deposit. Have you removed this feature?

YorkshireBoy

aj23 wrote: »

I just looked at PO Online Saver and it didn't mention Direct Debit as a method of deposit. Have you removed this feature?

Definitely there in the terms and conditions.

pafpcg

YorkshireBoy wrote: »

Definitely there in the terms and conditions.

And in the Important Information:
"A linked account is a current account that we link to your savings account. It must be a UK personal bank or building society account in your name(s) that accepts Direct Debits."