Halifax Reward

Daliah

k_man said:

Daliah said

I have long stopped doing it by SO, as I can do without the 'angst' about going into inadvertent overdrafts or about creating other issues. Specifically with Chase, I would not set up ping-pong SOs, as Chase process them 7 days a week whilst most banks only process them on working days.

Thanks, I thought I remembered that some banks process SOs on non-working days.

I am happy doing this with SOs, but have a few days between each.

There's no right or wrong way to do this - whatever works for you is fine.

I think that if you have just one or two accounts, it's probably not too difficult to organise SOs, and you won't lose too much interest by keeping money in accounts that pay no interest.

However, I have 9 accounts, requiring a total of £12,500 if done on the same day. Even assuming I have a spare £12.5K sitting there throughout the year. I am not happy having this sort of money earning no interest, not even for only a few days a month. I also wouldn't tie myself in knots trying to work out a schedule that would spread the payments throughout the month and thereby require at lot less than £12.5K at a time.

In addition, I need to log into all 9 accounts for other reasons at least once a month anyway, so cycling the required monthly deposit through the accounts manually at that stage is very little extra effort. I haven't timed it but I would say it doesn't take me much more than 5 minutes a month. The added benefit is that I know for certain that it's done, that it hasn't caused any unexpected problems, and that my monthly schedule is not affected by weekends and bank holidays.

trickydicky14

Daliah said:

Over62 said:

noh said:  All my existing YBS savings accounts allow payment in by debit card. 

I think YBS have given up receiving debit card payments for new accounts.  As grumbler said, there is nothing in the current Product Terms to suggest that it is possible.  

Never mind the product terms. 

For what its worth, I have four saver accounts with YBS, one is a very old legacy account and that is the only one that will allow me to use debit card payments in. The other three which are about two years old, will not take debit card payments. The facility does not exist on these accounts.

Daliah

trickydicky14 said:

Daliah said:

Over62 said:

noh said:  All my existing YBS savings accounts allow payment in by debit card. 

I think YBS have given up receiving debit card payments for new accounts.  As grumbler said, there is nothing in the current Product Terms to suggest that it is possible.  

Never mind the product terms. 

For what its worth, I have four saver accounts with YBS, one is a very old legacy account and that is the only one that will allow me to use debit card payments in. The other three which are about two years old, will not take debit card payments. The facility does not exist on these accounts.

The Internet Saver Plus Issue 10, which is my account, is one of their most recent accounts and can be applied for by everybody as of now.

I also have the Make Me A Saver account, which also allows debit card deposits and can still be applied for as of now, though it has a max £150 monthly deposit limit, i.e. not much use for the purposes of this thread

My ancient ex Egg-Saver account with YBS also offers debit card deposits but it can no longer be applied for so would obviously only be of use if you have it already. Uniquely, it also allows Direct Debit deposits, which none of their other savings accounts do. You aren't mixing up the DD and DC options?

I am sure that the debit card deposits into the above accounts are not specific to account holders. 

noh

Daliah said:

trickydicky14 said:

Daliah said:

Over62 said:

noh said:  All my existing YBS savings accounts allow payment in by debit card. 

I think YBS have given up receiving debit card payments for new accounts.  As grumbler said, there is nothing in the current Product Terms to suggest that it is possible.  

Never mind the product terms. 

For what its worth, I have four saver accounts with YBS, one is a very old legacy account and that is the only one that will allow me to use debit card payments in. The other three which are about two years old, will not take debit card payments. The facility does not exist on these accounts.

The Internet Saver Plus Issue 10, which is my account, is one of their most recent accounts and can be applied for by everybody as of now.

I also have the Make Me A Saver account, which also allows debit card deposits and can still be applied for as of now, though it has a max £150 monthly deposit limit, i.e. not much use for the purposes of this thread

My ancient ex Egg-Saver account with YBS also offers debit card deposits but it can no longer be applied for so would obviously only be of use if you have it already. Uniquely, it also allows Direct Debit deposits, which none of their other savings accounts do. You aren't mixing up the DD and DC options?

I am sure that the debit card deposits into the above accounts are not specific to account holders. 

Yes same here.
I have two legacy accounts that also allow direct debits no longer used as Halifax don't require DDs but used if I need DDs for a switching bonus. One was ex Egg saver can't remember what the other was.
I have four other YBS savings accounts the most recent being Make Me A e-Saver, opened in February this year, all of which offer debit card deposits.

For the sake of research I have just applied for an Internet Saver Plus Issue 10
will let you know tomorrow when it is set up if it offers deposit by DC.
As part of the application process there was the option to make the initial deposit by DC.

grumbler

noh said:

Daliah said:

trickydicky14 said:

Daliah said:

Over62 said:

noh said:  All my existing YBS savings accounts allow payment in by debit card. 

I think YBS have given up receiving debit card payments for new accounts.  As grumbler said, there is nothing in the current Product Terms to suggest that it is possible.  

Never mind the product terms. 

For what its worth, I have four saver accounts with YBS, one is a very old legacy account and that is the only one that will allow me to use debit card payments in. The other three which are about two years old, will not take debit card payments. The facility does not exist on these accounts.

The Internet Saver Plus Issue 10, which is my account, is one of their most recent accounts and can be applied for by everybody as of now.

I also have the Make Me A Saver account, which also allows debit card deposits and can still be applied for as of now, though it has a max £150 monthly deposit limit, i.e. not much use for the purposes of this thread

My ancient ex Egg-Saver account with YBS also offers debit card deposits but it can no longer be applied for so would obviously only be of use if you have it already. Uniquely, it also allows Direct Debit deposits, which none of their other savings accounts do. You aren't mixing up the DD and DC options?

I am sure that the debit card deposits into the above accounts are not specific to account holders. 

For the sake of research I have just applied for an Internet Saver Plus Issue 10
will let you know tomorrow when it is set up if it offers deposit by DC.
As part of the application process there was the option to make the initial deposit by DC.

Have you not received the welcome e-mail?

You can pay into your account in two ways:

• Debit card - as soon as you've received your customer number in the post you can then log in and make a deposit by debit card. When logging in please remember that your customer number and account number are different.
• Transfer from existing bank or building society - you can do this now by using the bank transfer details within the green box above.

This doesn't sound like about only the initial deposit.

noh

grumbler said:

noh said:

Daliah said:

trickydicky14 said:

Daliah said:

Over62 said:

noh said:  All my existing YBS savings accounts allow payment in by debit card. 

I think YBS have given up receiving debit card payments for new accounts.  As grumbler said, there is nothing in the current Product Terms to suggest that it is possible.  

Never mind the product terms. 

For what its worth, I have four saver accounts with YBS, one is a very old legacy account and that is the only one that will allow me to use debit card payments in. The other three which are about two years old, will not take debit card payments. The facility does not exist on these accounts.

The Internet Saver Plus Issue 10, which is my account, is one of their most recent accounts and can be applied for by everybody as of now.

I also have the Make Me A Saver account, which also allows debit card deposits and can still be applied for as of now, though it has a max £150 monthly deposit limit, i.e. not much use for the purposes of this thread

My ancient ex Egg-Saver account with YBS also offers debit card deposits but it can no longer be applied for so would obviously only be of use if you have it already. Uniquely, it also allows Direct Debit deposits, which none of their other savings accounts do. You aren't mixing up the DD and DC options?

I am sure that the debit card deposits into the above accounts are not specific to account holders. 

For the sake of research I have just applied for an Internet Saver Plus Issue 10
will let you know tomorrow when it is set up if it offers deposit by DC.
As part of the application process there was the option to make the initial deposit by DC.

Have you not received the welcome e-mail?

You can pay into your account in two ways:

• Debit card - as soon as you've received your customer number in the post you can then log in and make a deposit by debit card. When logging in please remember that your customer number and account number are different.
• Transfer from existing bank or building society - you can do this now by using the bank transfer details within the green box above.

This doesn't sound like about only the initial deposit.

No I didn’t receive a welcome email.
I don’t doubt that debit card deposits are permitted.
I only opened the account to prove definitively that they are available with new accounts opened now.

grumbler

The e-mail I quoted was from the 7th of May.

noh

I can confirm that the YBS Internet Saver Plus Issue 10 that I opened on Saturday does accept deposits by DD.

Typo sorry should be DC Debit Card

Sensory

noh said:

I can confirm that the YBS Internet Saver Plus Issue 10 that I opened on Saturday does accept deposits by DD.

DD?

Do you mean debit card or direct debit?

Daliah

Definitely debit card, and definitely  not DD