Active direct debits

rainbow143

Sorry if this question has been asked before.

I'm trying to set up 2 Direct Debits in a bank account so I can do a switch to another bank. One of the DD's I was going to use is to a credit card I don't often use, so there wouldn't always be a payment each month.

I'm presuming this would still be considered as a valid DD? Or shouldn't I presume!!

Thanks in advance for your advice.

enthusiasticsaver

Yes an active direct debit won't necessarily pay out every month. It still normally counts as active though.

PRAISETHESUN

You'll need to check the T&Cs for the bank your switching to - some require it to pay out monthly, some just want it to be "active".

An "active" DD is one that has paid out at any point in the preceding 13 months, so your CC DD should be good If you get stuck for more DD ideas, check out this thread

https://forums.moneysavingexpert.com/discussion/5734632

radoslaff

The term "active direct debit" makes me think that you want to switch to M&S Bank. A DD that's gone out at least once in the last 13 months will be considered active and you'll get the £125.00 gift card but if you want the £5.00 monthly bonus you'll need both DDs going out every months. You can just use the credit card to buy lunch once a month and this will keep the DD alive.

PRAISETHESUN

radoslaff wrote: »

The term "active direct debit" makes me think that you want to switch to M&S Bank. A DD that's gone out at least once in the last 13 months will be considered active and you'll get the £125.00 gift card but if you want the £5.00 monthly bonus you'll need both DDs going out every months. You can just use the credit card to buy lunch once a month and this will keep the DD alive.

I'm pretty sure the £5 monthly reward requires they they remain active, not that they have to actually pay out - same criteria as those needed to switch

beefturnmail

PRAISETHESUN wrote: »

I'm pretty sure the £5 monthly reward requires they they remain active, not that they have to actually pay out - same criteria as those needed to switch

I can confirm I have received the £5 monthly reward, without having any dds going out in a month (But do have 2 active ones, which pay out annually).

radoslaff

PRAISETHESUN wrote: »

I'm pretty sure the £5 monthly reward requires they they remain active, not that they have to actually pay out - same criteria as those needed to switch

You are actually right and I thank you for the eye opening. By the way, I've just noticed that M&S Bank have changed the DD requirement from 2 to 4.

alandaniel132

beefturnmail wrote: »

I can confirm I have received the £5 monthly reward, without having any dds going out in a month (But do have 2 active ones, which pay out annually).

Is this applied to M&S current account gift card top up every month?

spare_one

rainbow143 wrote: »

Sorry if this question has been asked before.

I'm trying to set up 2 Direct Debits in a bank account so I can do a switch to another bank. One of the DD's I was going to use is to a credit card I don't often use, so there wouldn't always be a payment each month.

I'm presuming this would still be considered as a valid DD? Or shouldn't I presume!!

Thanks in advance for your advice.

I did the nationwide switch with PAYPAL direct debit, which I had never used, and got the money.

PRAISETHESUN

alandaniel132 wrote: »

Is this applied to M&S current account gift card top up every month?

Yes - this applies to both the £125 switching gift card, as well as the £5 monthly top up.

ceredigion

M&S now want FOUR Direct Debits