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BarGin

What's the advantage of allowing debit card deposits please?

k_man

BarGin said:

What's the advantage of allowing debit card deposits please?

The usual benefit is that a number of current accounts offer rewards based on number of (e.g. TSB) or value (e.g. Halifax) of debit card transactions.

flaneurs_lobster

BarGin said:

What's the advantage of allowing debit card deposits please?

Some current account reward schemes require a number of debit card transactions to be made each month. Funding a savings account with (say) several £1 deposits is one way to satisfy these requirements.

Winchmore_Hill_Shot

I'm showing my ignorance here, but does anyone know whather the Family Account will accept debit card transactions from someone other than the account holder.  So would my wife be able to open an account and fund it using one of my Halifax debit cards.

Band7

Winchmore_Hill_Shot said:

I'm showing my ignorance here, but does anyone know whather the Family Account will accept debit card transactions from someone other than the account holder.  So would my wife be able to open an account and fund it using one of my Halifax debit cards.

don’t know the answer - though why would she not use her own debit card(s), and why wouldn’t you have your own savings account?

aaj123

flaneurs_lobster said:

BarGin said:

What's the advantage of allowing debit card deposits please?

Some current account reward schemes require a number of debit card transactions to be made each month. Funding a savings account with (say) several £1 deposits is one way to satisfy these requirements.

Or topping up your Amazon gift card account with a bunch of £1 deposits.

2010

Yorkshire B/S loyalty 4% and six withdrawals allowed per year.

jaypers

2010 said:

Yorkshire B/S loyalty 4% and six withdrawals allowed per year.

Thanks but this should be in the ISA threads. 

Wheres_My_Cashback

2010 said:

Yorkshire B/S loyalty 4% and six withdrawals allowed per year.

That's an ISA (seperate thread - already posted) for members only and is 4% only on the first £20k

allegro120

Winchmore_Hill_Shot said:

I'm showing my ignorance here, but does anyone know whather the Family Account will accept debit card transactions from someone other than the account holder.  So would my wife be able to open an account and fund it using one of my Halifax debit cards.

I don't know, but in theory this shouldn't be a problem.  I would phone them and ask if you are allowed to fund your wife's account.