Savings accounts accepting DD's

aj23_2

bristolleedsfan wrote: »

No need to wait can set up more than 1 separate DD instruction.

I did same thing set up one off DD. I then tested to see what happened if I set up weekly instruction , turned out both instructions were active. I cancelled one off DD

Oh right. It says I can't set up a DD yet, have to wait 8 days. The DD one off won't be taken until 13th March.

soulsaver

aj23 wrote: »

I think the OP needs updating. Tesco Bank and Scottish Widows need to be removed.

Why remove Scottish Widows? My SW DDs are working. Have they stopped them for new applicants? I've not seen that anywhere?

castle96

nor me. mine still working

latinaid

soulsaver wrote: »

Why remove Scottish Widows? My SW DDs are working. Have they stopped them for new applicants? I've not seen that anywhere?

The SW website still has the Instant Saver 2 account, which accepts direct debits. The Internet Saver is currently unavailable.

soulsaver

latinaid wrote: »

The SW website still has the Instant Saver 2 account, which accepts direct debits. The Internet Saver is currently unavailable.

Ah, useful info. The Instant Saver 2 is phone banking?

latinaid

soulsaver wrote: »

Ah, useful info. The Instant Saver 2 is phone banking?

Yes, though it says 'internet banking available'. You can only make deposits by cheque or by DD from a nominated account (not by bank transfer). Withdrawals can be made by phone or online.

soulsaver

latinaid wrote: »

Yes, though it says 'internet banking available'. You can only make deposits by cheque or by DD from a nominated account (not by bank transfer). Withdrawals can be made by phone or online.

It's a savings account accepting DDs.. so it needs reinstating/including. And on line visibility is a bonus :thumb:

latinaid

soulsaver wrote: »

It's a savings account accepting DDs.. so it needs reinstating. And on line visibility is a bonus :thumb:

Minimum balance is £100, by the way, and it pays 0.35% interest. Looks as if it has to be opened by post and with a cheque from the linked account, though the instructions below also mention making initial deposit by DD, so it's a bit confusing. I don't know whether you can change the linked bank account once the SW account is open.

To open an account simply download and print out the application form, complete it and send it to us with the following:

A cheque (this must be in the same name of the account you will hold with Scottish Widows Bank) from your main bank/building society current account.
A completed and signed Direct Debit mandate if you would like us to collect payments by Direct debit.

Please note, if you're making your initial deposit by Direct Debit, we require identification in the form of an original bank statement, cancelled cheque or pre-printed pay-in slip from a UK bank or building society current account on which you are named (this will be returned without delay).

aj23_2

When I looked it said closed on Scottish Widows. Maybe another account accepts DD instead now.

May be fine for existing customers but not for new?

soulsaver

aj23 wrote: »

When I looked it said closed on Scottish Widows. Maybe another account accepts DD instead now.

May be fine for existing customers but not for new?

A recent post or two already clarified the position.. maybe worth a read.