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Santander 123
ajbell
Posts: 1,151 Forumite
It's just occured to me that with no council tax payments in February and March that I will not have 2 direct debits going out so will I still get my 1.5% interest?.
4kWp, South facing, 16 x phono solar panels, Solis inverter, Lincolnshire.
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It's just occured to me that with no council tax payments in February and March that I will not have 2 direct debits going out so will I still get my 1.5% interest?.
You do need two Direct Debits being in place, not going out every single month.
I presume, you haven't cancelled the DD for Council Tax, so you will be alright for the interest.0 -
It's just occured to me that with no council tax payments in February and March that I will not have 2 direct debits going out so will I still get my 1.5% interest?.
Send money to a friend or family member using PayPal. PayPal recently stopped punters adding money to their account by direct debit, but it's still possible to use a direct debit to send funds.
Or open a Post Office savings account and make a deposit by direct debit.0 -
I have just moved my amazon prime DD to santander just in case.4kWp, South facing, 16 x phono solar panels, Solis inverter, Lincolnshire.0
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Send money to a friend or family member using PayPal. PayPal recently stopped punters adding money to their account by direct debit, but it's still possible to use a direct debit to send funds.
Or open a Post Office savings account and make a deposit by direct debit.I have just moved my amazon prime DD to santander just in case.
Unnecessary
Santander stipulates only '2 active Direct Debits'. There is no requirement for those DDs to pay out every month.0 -
Ok thanks, so should be OK.4kWp, South facing, 16 x phono solar panels, Solis inverter, Lincolnshire.0
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To avoid this issue in the future you can request by telephone to change your Direct Debit to 12
monthly payments. You can also do this with your water rate`s Direct Debit which we have changed from 8 monthly payments to 12 monthly payments. You can even choose the day of the month when the Direct Debit goes out eg. 26th not 1st. This means your cash earns a very small increase in interest:). Now is a good time to make these changes before the new annual payments start in April.0 -
You will still get the interest as the direct debit will still be registered even if not collected. The cashback for February and March will be lower though. So long as on your direct debits active screen at least two are showing you should be fine.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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