"Dummy" Direct Debits

Psyduck1980

I see some bank accounts are now stipulating that a certain number of direct debits must be included in the switch process in order to qualify for their incentive payments (e.g. M&S). Does anyone know if you can meet this condition using "dummy" direct debits? By that I mean low value charity donations, lottery payments etc. (which, presumably, you can cancel once the switch is complete) rather than things like utility bills.

eskbanker

As ever, check the Ts & Cs of any specific offer you have in mind but yes, a direct debit is a direct debit, regardless of destination, value or duration....

surreysaver

Tesco savings accounts can be funded by direct debits :rotfl::rotfl::rotfl:

ValiantSon

surreysaver wrote: »

Tesco savings accounts can be funded by direct debits :rotfl::rotfl::rotfl:

No they can't.

Please note: From 22 April 2018, you will no longer be able to make deposits into your account by Direct Debit.

https://www.tescobank.com/savings/flexible/instant-access/index.html

anotheruser

That reminds me of the Santander account that could also be funded using a direct debit.
Someone from Santander tried to tell me it didn't exist. I gave up telling them it did.

teddysmum

surreysaver wrote: »

Tesco savings accounts can be funded by direct debits :rotfl::rotfl::rotfl:

Notice that this facility would stop, later this month, was given way back, before Christmas.

soulsaver

But they can in the short term.. ?

Zanderman

soulsaver wrote: »

But they can in the short term.. ?

Not unless you set them up months ago. I think the facility to make new DDs was withdrawn?

EachPenny

Zanderman wrote: »

Not unless you set them up months ago. I think the facility to make new DDs was withdrawn?

I'm not sure about that. I opened a new account recently (for the interest not the DD's) and ended up with half a rainforest of DD mandates coming through the post - one for each linked account.

eskbanker

Zanderman wrote: »

Not unless you set them up months ago. I think the facility to make new DDs was withdrawn?

On the contrary, the Ts & Cs for the Internet Saver product still practically encourage new DDs to be set up right up to the wire:

Prior to 22 April 2018 regular or one off payments can be made by setting up a Direct Debit within Online Banking. You'll need your Tesco Bank security details to do this.

From 22 April 2018 you'll be unable to set up new, regular or one off Direct Debit payments. All existing Direct Debits set up on your Account will be cancelled.

EachPenny

eskbanker wrote: »

On the contrary, the Ts & Cs for the Internet Saver product still practically encourage new DDs to be set up right up to the wire:

In which case it is tempting to set one up at 23:59 on the 21st just to see what happens