TSB launches new 'Spend and Save' current account

pphillips

colsten said:

pphillips said:

Yorkshire_Pud said:

ischris85 said:

Yorkshire_Pud said:

  I’m assuming if you pay by direct debit they adjust the next DD accordingly?

"I do pay by DD, but the amount can be adjusted."

I normally pay my utility bill by DD. So making additonal payments manually by using my TSB Debit card to satisfy the 30 transaction condition just means £30 is paid off towards the bill and the DD will be less.

It also means constructing replies with multiple quotes is a PITA

I wanted a method that was quick and easy to repeat multiple times, and with saved card details I could do each transaction with a few mouse clicks. There was also only one "verified by visa" check (on the first transaction) and no intervention by fraud teams.

I decided on 30x deposits to NS&I DS to see if that satisfies for the November reward. It would be great if they had a reward tracker in the same way Halifax does.

Stand to be corrected but I thought it was clear that funding payments to you or another person don’t count? Only bill payments, goods and services etc. Unless you did it from with ns&i a large Halifax but that’s just once not 30 times for Chris sake!

Thanks, just checked the t&c's which indicates that cashback is paid on debit card payments for goods and services. I'll therefore need to forget NSI and make small debit card payments towards my utilities or credit cards bill instead.

Leaving aside whether such payments would be ridiculous or not, where does it say indicate that online transactions to NS&I would be excluded.?

It says "other cash withdrawals using you card" are excluded. My understanding is that this covers online withdrawals to a personal account such as an NS&I.

Yorkshire_Pud

EarthBoy said:

Yorkshire_Pud said:

So you can keep the plus in the hope it might start offering interest again ‘in about two years’ if things pick up. Or change a Plus to a standard S+S account with six months eligibility for cashback. So no going back if you change.

I would be surprised if TSB still existed in two years time.  Sabadell will have probably sold it to another bank, with Virgin Money being a likely buyer.
If TSB are still  around by then, I can't see them reintroducing interest on the Classic Plus account as it's a withdrawn brand, and they've already got those account holders as customers.   They are far more likely to launch a brand new account for "new customers only", in order to attract new business.

Tsb probably just want folks to keep their plus accounts open in the vain hope of some future nirvana that will never come. Not from tsb anyway. 

colsten

Yorkshire_Pud said:

ischris85 said:

pphillips said:

Yorkshire_Pud said:

ischris85 said:

Yorkshire_Pud said:

  I’m assuming if you pay by direct debit they adjust the next DD accordingly?

"I do pay by DD, but the amount can be adjusted."

I normally pay my utility bill by DD. So making additonal payments manually by using my TSB Debit card to satisfy the 30 transaction condition just means £30 is paid off towards the bill and the DD will be less.

It also means constructing replies with multiple quotes is a PITA

I wanted a method that was quick and easy to repeat multiple times, and with saved card details I could do each transaction with a few mouse clicks. There was also only one "verified by visa" check (on the first transaction) and no intervention by fraud teams.

I decided on 30x deposits to NS&I DS to see if that satisfies for the November reward. It would be great if they had a reward tracker in the same way Halifax does.

Stand to be corrected but I thought it was clear that funding payments to you or another person don’t count? Only bill payments, goods and services etc. Unless you did it from with ns&i a large Halifax but that’s just once not 30 times for Chris sake!

Thanks, just checked the t&c's which indicates that cashback is paid on debit card payments for goods and services. I'll therefore need to forget NSI and make small debit card payments towards my utilities or credit cards bill instead.

Spend & Save – you must make 30 or more payments using your debit card each calendar month to earn £5 cashback. You can earn cashback for the first six calendar months, which includes the month your Spend & Save account is opened.
Debit card payments include online and mail order purchases, as well as in-store purchases (including contactless, Apple Pay and Google Pay).

Interesting - if NS&I payments are exempt from cashback then in the same logic surely a credit card bill payment also would be since neither is for an online order.

I was trying to do multiple faster payments to my credit card and tsb kept blocking me after one payment and a message said in order to stop you making the same payment twice you need to wait an hour. Adjusted the amount but still the same message. Talked to tsb and he assured me that the credit card ‘bill ‘ faster payments DONT count! So maybe it has to be back to utilities although that’s still a faster payment of a bill as are many transactions buying goods and services online!? Thought paying a credit card debt was ‘purchasing credit’?

Two sure fire ways to qualify are using at the shops and using the debit card within say ns&i a la Halifax reward.

No ones received the £5 yet so won’t know until around 20th November what works and what doesn’t.

Do you really mean you made Faster Payments? Of course these wouldn't count for cashback. 

bristolleedsfan

pphillips said:

colsten said:

pphillips said:

Yorkshire_Pud said:

ischris85 said:

Yorkshire_Pud said:

  I’m assuming if you pay by direct debit they adjust the next DD accordingly?

"I do pay by DD, but the amount can be adjusted."

I normally pay my utility bill by DD. So making additonal payments manually by using my TSB Debit card to satisfy the 30 transaction condition just means £30 is paid off towards the bill and the DD will be less.

It also means constructing replies with multiple quotes is a PITA

I wanted a method that was quick and easy to repeat multiple times, and with saved card details I could do each transaction with a few mouse clicks. There was also only one "verified by visa" check (on the first transaction) and no intervention by fraud teams.

I decided on 30x deposits to NS&I DS to see if that satisfies for the November reward. It would be great if they had a reward tracker in the same way Halifax does.

Stand to be corrected but I thought it was clear that funding payments to you or another person don’t count? Only bill payments, goods and services etc. Unless you did it from with ns&i a large Halifax but that’s just once not 30 times for Chris sake!

Thanks, just checked the t&c's which indicates that cashback is paid on debit card payments for goods and services. I'll therefore need to forget NSI and make small debit card payments towards my utilities or credit cards bill instead.

Leaving aside whether such payments would be ridiculous or not, where does it say indicate that online transactions to NS&I would be excluded.?

It says "other cash withdrawals using you card" are excluded. My understanding is that this covers online withdrawals to a personal account such as an NS&I.

Debit Card payments made to NS&I account are.not classed as online withdrawals

Yorkshire_Pud

colsten said:

Yorkshire_Pud said:

ischris85 said:

pphillips said:

Yorkshire_Pud said:

ischris85 said:

Yorkshire_Pud said:

  I’m assuming if you pay by direct debit they adjust the next DD accordingly?

"I do pay by DD, but the amount can be adjusted."

I normally pay my utility bill by DD. So making additonal payments manually by using my TSB Debit card to satisfy the 30 transaction condition just means £30 is paid off towards the bill and the DD will be less.

It also means constructing replies with multiple quotes is a PITA

I wanted a method that was quick and easy to repeat multiple times, and with saved card details I could do each transaction with a few mouse clicks. There was also only one "verified by visa" check (on the first transaction) and no intervention by fraud teams.

I decided on 30x deposits to NS&I DS to see if that satisfies for the November reward. It would be great if they had a reward tracker in the same way Halifax does.

Stand to be corrected but I thought it was clear that funding payments to you or another person don’t count? Only bill payments, goods and services etc. Unless you did it from with ns&i a large Halifax but that’s just once not 30 times for Chris sake!

Thanks, just checked the t&c's which indicates that cashback is paid on debit card payments for goods and services. I'll therefore need to forget NSI and make small debit card payments towards my utilities or credit cards bill instead.

Spend & Save – you must make 30 or more payments using your debit card each calendar month to earn £5 cashback. You can earn cashback for the first six calendar months, which includes the month your Spend & Save account is opened.
Debit card payments include online and mail order purchases, as well as in-store purchases (including contactless, Apple Pay and Google Pay).

Interesting - if NS&I payments are exempt from cashback then in the same logic surely a credit card bill payment also would be since neither is for an online order.

I was trying to do multiple faster payments to my credit card and tsb kept blocking me after one payment and a message said in order to stop you making the same payment twice you need to wait an hour. Adjusted the amount but still the same message. Talked to tsb and he assured me that the credit card ‘bill ‘ faster payments DONT count! So maybe it has to be back to utilities although that’s still a faster payment of a bill as are many transactions buying goods and services online!? Thought paying a credit card debt was ‘purchasing credit’?

Two sure fire ways to qualify are using at the shops and using the debit card within say ns&i a la Halifax reward.

No ones received the £5 yet so won’t know until around 20th November what works and what doesn’t.

Do you really mean you made Faster Payments? Of course these wouldn't count for cashback. 

Just checked and the payments to my credit card all show as Faster Payments. Which means yes they don’t count as you say.  Didn’t think when I sent the funds that it mattered if FP or Bacs but I guess a bill payment would normally be by Bacs hence could qualify and that would mean utilities for instance and NOT credit cards (unless I go into the bank branch or the card companies telephone banking).

looks like it’s back to the supermarket for me, only 9 to go.

bristolleedsfan

16 Sep 2020

WATER COMPANY CD 3597

DEB

0.01

TSB ( I have changed name of water company)

Yorkshire_Pud

ischris85 said:

pphillips said:

Yorkshire_Pud said:

ischris85 said:

Yorkshire_Pud said:

  I’m assuming if you pay by direct debit they adjust the next DD accordingly?

"I do pay by DD, but the amount can be adjusted."

I normally pay my utility bill by DD. So making additonal payments manually by using my TSB Debit card to satisfy the 30 transaction condition just means £30 is paid off towards the bill and the DD will be less.

It also means constructing replies with multiple quotes is a PITA

I wanted a method that was quick and easy to repeat multiple times, and with saved card details I could do each transaction with a few mouse clicks. There was also only one "verified by visa" check (on the first transaction) and no intervention by fraud teams.

I decided on 30x deposits to NS&I DS to see if that satisfies for the November reward. It would be great if they had a reward tracker in the same way Halifax does.

Stand to be corrected but I thought it was clear that funding payments to you or another person don’t count? Only bill payments, goods and services etc. Unless you did it from with ns&i a large Halifax but that’s just once not 30 times for Chris sake!

Thanks, just checked the t&c's which indicates that cashback is paid on debit card payments for goods and services. I'll therefore need to forget NSI and make small debit card payments towards my utilities or credit cards bill instead.

Spend & Save – you must make 30 or more payments using your debit card each calendar month to earn £5 cashback. You can earn cashback for the first six calendar months, which includes the month your Spend & Save account is opened.
Debit card payments include online and mail order purchases, as well as in-store purchases (including contactless, Apple Pay and Google Pay).

Interesting - if NS&I payments are exempt from cashback then in the same logic surely a credit card bill payment also would be since neither is for an online order.

So to be clear you made 30 tsb Debit Card payments  from the ns&i website?

I thought you meant you sent funds TO ns&i but you didn’t.

How long did that take?! That should definitely count as it’s a true debit card payment if done from ns&i.

movingon

This is the email I received after depositing via debit card to NS&I, specifically referring to it as a debit card transaction:

Thank you for your deposit. 

Your application was received for processing at 09:01:49 10 OCT 2020 - this will be your date of investment. At the end of this message is a detailed receipt for your debit card transaction.

colsten

Yorkshire_Pud said:

colsten said:

Yorkshire_Pud said:

ischris85 said:

pphillips said:

Yorkshire_Pud said:

ischris85 said:

Yorkshire_Pud said:

  I’m assuming if you pay by direct debit they adjust the next DD accordingly?

"I do pay by DD, but the amount can be adjusted."

I normally pay my utility bill by DD. So making additonal payments manually by using my TSB Debit card to satisfy the 30 transaction condition just means £30 is paid off towards the bill and the DD will be less.

It also means constructing replies with multiple quotes is a PITA

I wanted a method that was quick and easy to repeat multiple times, and with saved card details I could do each transaction with a few mouse clicks. There was also only one "verified by visa" check (on the first transaction) and no intervention by fraud teams.

I decided on 30x deposits to NS&I DS to see if that satisfies for the November reward. It would be great if they had a reward tracker in the same way Halifax does.

Stand to be corrected but I thought it was clear that funding payments to you or another person don’t count? Only bill payments, goods and services etc. Unless you did it from with ns&i a large Halifax but that’s just once not 30 times for Chris sake!

Thanks, just checked the t&c's which indicates that cashback is paid on debit card payments for goods and services. I'll therefore need to forget NSI and make small debit card payments towards my utilities or credit cards bill instead.

Spend & Save – you must make 30 or more payments using your debit card each calendar month to earn £5 cashback. You can earn cashback for the first six calendar months, which includes the month your Spend & Save account is opened.
Debit card payments include online and mail order purchases, as well as in-store purchases (including contactless, Apple Pay and Google Pay).

Interesting - if NS&I payments are exempt from cashback then in the same logic surely a credit card bill payment also would be since neither is for an online order.

I was trying to do multiple faster payments to my credit card and tsb kept blocking me after one payment and a message said in order to stop you making the same payment twice you need to wait an hour. Adjusted the amount but still the same message. Talked to tsb and he assured me that the credit card ‘bill ‘ faster payments DONT count! So maybe it has to be back to utilities although that’s still a faster payment of a bill as are many transactions buying goods and services online!? Thought paying a credit card debt was ‘purchasing credit’?

Two sure fire ways to qualify are using at the shops and using the debit card within say ns&i a la Halifax reward.

No ones received the £5 yet so won’t know until around 20th November what works and what doesn’t.

Do you really mean you made Faster Payments? Of course these wouldn't count for cashback. 

Just checked and the payments to my credit card all show as Faster Payments. Which means yes they don’t count as you say.  Didn’t think when I sent the funds that it mattered if FP or Bacs but I guess a bill payment would normally be by Bacs hence could qualify and that would mean utilities for instance and NOT credit cards (unless I go into the bank branch or the card companies telephone banking).

looks like it’s back to the supermarket for me, only 9 to go.

But what made you think in the first instance that Faster Payments, or BACS, would count for the cashback? It's payments made by Debit Card only, with some minor exclusions.

ischris85

Yorkshire_Pud said:

ischris85 said:

pphillips said:

Yorkshire_Pud said:

ischris85 said:

Yorkshire_Pud said:

  I’m assuming if you pay by direct debit they adjust the next DD accordingly?

"I do pay by DD, but the amount can be adjusted."

I normally pay my utility bill by DD. So making additonal payments manually by using my TSB Debit card to satisfy the 30 transaction condition just means £30 is paid off towards the bill and the DD will be less.

It also means constructing replies with multiple quotes is a PITA

I wanted a method that was quick and easy to repeat multiple times, and with saved card details I could do each transaction with a few mouse clicks. There was also only one "verified by visa" check (on the first transaction) and no intervention by fraud teams.

I decided on 30x deposits to NS&I DS to see if that satisfies for the November reward. It would be great if they had a reward tracker in the same way Halifax does.

Stand to be corrected but I thought it was clear that funding payments to you or another person don’t count? Only bill payments, goods and services etc. Unless you did it from with ns&i a large Halifax but that’s just once not 30 times for Chris sake!

Thanks, just checked the t&c's which indicates that cashback is paid on debit card payments for goods and services. I'll therefore need to forget NSI and make small debit card payments towards my utilities or credit cards bill instead.

Spend & Save – you must make 30 or more payments using your debit card each calendar month to earn £5 cashback. You can earn cashback for the first six calendar months, which includes the month your Spend & Save account is opened.
Debit card payments include online and mail order purchases, as well as in-store purchases (including contactless, Apple Pay and Google Pay).

Interesting - if NS&I payments are exempt from cashback then in the same logic surely a credit card bill payment also would be since neither is for an online order.

So to be clear you made 30 tsb Debit Card payments  from the ns&i website?

I thought you meant you sent funds TO ns&i but you didn’t.

How long did that take?! That should definitely count as it’s a true debit card payment if done from ns&i.

I've done 20 so far - just copy your debit card to notepad, £1 debit card transaction, copy paste rinse repeat