Chase UK discussion

phillw

miller said:
I didn't realise Chase was instant clearing? Are they not just hiding the fact they're pending?

What is the difference?

If they subtract any pre-authorisation amounts from your balance, show them as actual transactions & reject them for insufficient funds immediately, then they aren't pending. They've already gone. I guess it's because they don't offer any kind of overdraft.

It was a paypal transaction & I don't think they settle the transactions immediately.

wiseonesomeofthetime

Daliah said:

Have you tried making the payment through Curve? I have just made an online purchase, went through without a hitch. 

This is what I do with a local train app as, despite approving it in Chase, the approval is not recognised by the train app.

Curve does not prompt verification so skips that process.

Works fine, and still get the cashback

miller

phillw said:

miller said:
I didn't realise Chase was instant clearing? Are they not just hiding the fact they're pending?

What is the difference?

If they subtract any pre-authorisation amounts from your balance, show them as actual transactions & reject them for insufficient funds immediately, then they aren't pending. They've already gone. I guess it's because they don't offer any kind of overdraft.

It was a paypal transaction & I don't think they settle the transactions immediately.

Sorry philw, I probably quoted too much of your specific scenario. I was thinking more of transactions that do go through and show as debited immediately.

I've had customers where I work with Monzo complaining that we've taken money (so presumably it shows as "gone through" on their app straightaway) which subsequently have dropped off after 7 days (so were in fact pending, but that was hidden from them).

keiran

Paying annual TV licence does get you the 1% cashback I've discovered

mrsmsebastian

I have just open a chase current account and wants to know if there is a direct debit facility for it as Im planning to move my bills to them if I can get cashback on them.
Im thinking to move gas&electricity, tv license, phone/broadband bills.
Thanks for those who will answer

k_man

mrsmsebastian said:

I have just open a chase current account and wants to know if there is a direct debit facility for it as Im planning to move my bills to them if I can get cashback on them.
Im thinking to move gas&electricity, tv license, phone/broadband bills.
Thanks for those who will answer

Direct debits are supported.

However cashback is only for debit card payments, not direct debits

Daliah

mrsmsebastian said:

I have just open a chase current account and wants to know if there is a direct debit facility for it as Im planning to move my bills to them if I can get cashback on them.
Im thinking to move gas&electricity, tv license, phone/broadband bills.
Thanks for those who will answer

Yes, Chase UK do offer DDs. But you will not get any cashback for DDs. only for debit card payments.

The only UK bank currently offering cashback on DDs are Santander, whilst the only UK bank currently offering cashback on debit card payments [for one year] are Chase UK. To maximise your returns, you can hold accounts at both. Although it might be tedious, and you might only earn small amounts - it all depends on your personal circumstances.

mrsmsebastian

Daliah said:

mrsmsebastian said:

I have just open a chase current account and wants to know if there is a direct debit facility for it as Im planning to move my bills to them if I can get cashback on them.
Im thinking to move gas&electricity, tv license, phone/broadband bills.
Thanks for those who will answer

Yes, Chase UK do offer DDs. But you will not get any cashback for DDs. only for debit card payments.

The only UK bank currently offering cashback on DDs are Santander, whilst the only UK bank currently offering cashback on debit card payments [for one year] are Chase UK. To maximise your returns, you can hold accounts at both. Although it might be tedious, and you might only earn small amounts - it all depends on your personal circumstances.

just to make it clear for myself, I won't get cashback if I set-up direct debit but will I get cash back if I pay my tv license, gas and electric, water bill by debit card?

Daliah

mrsmsebastian said:

Daliah said:

mrsmsebastian said:

I have just open a chase current account and wants to know if there is a direct debit facility for it as Im planning to move my bills to them if I can get cashback on them.
Im thinking to move gas&electricity, tv license, phone/broadband bills.
Thanks for those who will answer

Yes, Chase UK do offer DDs. But you will not get any cashback for DDs. only for debit card payments.

The only UK bank currently offering cashback on DDs are Santander, whilst the only UK bank currently offering cashback on debit card payments [for one year] are Chase UK. To maximise your returns, you can hold accounts at both. Although it might be tedious, and you might only earn small amounts - it all depends on your personal circumstances.

just to make it clear for myself, I won't get cashback if I set-up direct debit but will I get cash back if I pay my tv license, gas and electric, water bill by debit card?

Yes that sounds correct - you get cashback [for 1 year] for debit card payments on all items not on the excluded list  TV Licence cashback definitely works at Chase, and utilities should too - though as per above, you might get better cashback for utilities at Santander.

paul235

Daliah said:

mrsmsebastian said:

Daliah said:

mrsmsebastian said:

I have just open a chase current account and wants to know if there is a direct debit facility for it as Im planning to move my bills to them if I can get cashback on them.
Im thinking to move gas&electricity, tv license, phone/broadband bills.
Thanks for those who will answer

Yes, Chase UK do offer DDs. But you will not get any cashback for DDs. only for debit card payments.

The only UK bank currently offering cashback on DDs are Santander, whilst the only UK bank currently offering cashback on debit card payments [for one year] are Chase UK. To maximise your returns, you can hold accounts at both. Although it might be tedious, and you might only earn small amounts - it all depends on your personal circumstances.

just to make it clear for myself, I won't get cashback if I set-up direct debit but will I get cash back if I pay my tv license, gas and electric, water bill by debit card?

Yes that sounds correct - you get cashback [for 1 year] for debit card payments on all items not on the excluded list  TV Licence cashback definitely works at Chase, and utilities should too - though as per above, you might get better cashback for utilities at Santander.

Does council tax payment made by debit card qualify for cashback?