TSB Classic current account

2010

DAK how long you need to leave in the £500 monthly payment, to meet the condition of the account, before you can transfer it back again?

binaryuniverse

About 0.00000001 seconds.

ColdIron

Less than a shake of a nanny goat's tail

Or to look at it another way, you could transfer out and then back in so the 'waiting' period could be minus several days

The conditions are that it is paid in and nothing else

surreysaver

You can even take the money out before you've paid it in

(which is basically what Coldron's just said)

EarthBoy

Make sure you've got the right account because TSB's Classic current account doesn't pay any interest. You need the Classic Plus account to earn interest, so if it doesn't say Plus on it, you won't get anything.

talexuser

I pay in and withdraw the same day by direct debit with no effect on the interest.

TheShape

talexuser wrote: »

I pay in and withdraw the same day by direct debit with no effect on the interest.

You mean Standing Order;)

binaryuniverse

TheShape wrote: »

You mean Standing Order;)

Quite possibly means faster payment.

jimjames

2010 wrote: »

DAK how long you need to leave in the £500 monthly payment, to meet the condition of the account, before you can transfer it back again?

I'd suggest you check the terms and conditions of the account. For example do they specify how long you need to leave your salary in there before you can spend it? If it's not mentioned then there is no time you need to comply with.

talexuser

Yes to shape and binary. Just been rearranging DDs for Santander and BoS and had them on the brain.

Nebulous2

Just to reinforce what has been said already.



I transfer in from another account, close that app, log into the TSB one and transfer the money out again. So about the length of time it takes me to open the app, probably less than 10 seconds.