The Top Easy Access Savings Discussion Area

G_M

gilly56 wrote: »

Glad to learn from this thread that Paypal qualifies as a DD! I can see it listed under my DDs in my 1-2-3 account. So if I only purchase say 4 or 5 items on Ebay per annum and always pay with Paypal, that will keep me covered?

No need to buy anything. Or ever use the Paypal DD.

Just set it up.

Steve_xx

G_M wrote: »

No need to buy anything. Or ever use the Paypal DD.

Just set it up.

Could be wrong here but I'm almost sure that a DD mandate will lapse if unused for around 13 months?

Archi_Bald

Steve_xx wrote: »

Could be wrong here but I'm almost sure that a DD mandate will lapse if unused for around 13 months?

Not all banks seem to delete unused ones after 13 months, but it's prudent to assume they will if you need the DDs to meet T&Cs.

Harveys_2

Santander 123

Hi can I just ask, if I don't want to move my current account but use this just as a savings account, what kind of direct debits can I set up?

I understand one could be to paypal, which I don't really need to use. Any others please where the outgoing is minimal?

Could a direct debit to pay a credit card be another?


The reason why I ask if I do have to ever close this account it won't be a major headache moving important direct debits.

Thank you in advance...

H

Ps my first post..so hey!:beer:

Steve_xx

Yes a dd set up o a credit card will be fine.

2010

Harveys wrote: »

Santander 123

Hi can I just ask, if I don't want to move my current account but use this just as a savings account, what kind of direct debits can I set up?

http://www.santander.co.uk/csgs/Satellite?appID=abbey.internet.Abbeycom&canal=CABBEYCOM&cid=1237892266671&empr=Abbeycom&launch=NO&leng=en_GB&pagename=Abbeycom%2FPage%2FWC_ACOM_ViewSelector


Pay a monthly account fee of £2, fund the account with £500 a month (a minimum balance of £1,000 is required to receive interest); and set up a minimum of two Direct Debits. For cashback household bills must be paid by Direct Debit.

gilly56

Welcome Harveys ;-) Just suggestions for you, take out a magazine subscription and pay via DD or send a couple quid per month via DD to a charity?

mihaid

2010 wrote: »

Pay a monthly account fee of £2, fund the account with £500 a month (a minimum balance of £1,000 is required to receive interest); and set up a minimum of two Direct Debits. For cashback household bills must be paid by Direct Debit.

Presumably if your balance drops under £1000 the funding 500 is not needed anymore. You still receive the cashback on DD's?

innovate

mihaid wrote: »

Presumably if your balance drops under £1000 the funding 500 is not needed anymore. You still receive the cashback on DD's?

Don't think you get any cashback if you don't pay in at least £500 a month. And you need at least 2 DDs. No cashback if there's only one

mihaid

innovate wrote: »

Don't think you get any cashback if you don't pay in at least £500 a month. And you need at least 2 DDs. No cashback if there's only one

Does anyone know for sure?