Natwest digital regular saver - what to do after saving £1000

artyboy

surreysaver said:

wmb194 said:

artyboy said:

Just realised I can gradually top up my II trading account with £1.01 increments. Seems like a pretty simple way to get my balance up quickly with double round ups, although doubt I have the patience to do 100 a day so will let others claim the prize for being first to £5000!

I'd be judicious. Someone in another thread reported doing similar with their stockbroker - IIRC AJ Bell - and it closed his account because of it.

Someone else reported Skipton Building Society getting the hump too - although sending a warning letter rather than closing the account 

Hmm, well I could be topping up my II ISA £5.01 at a time and that's perfectly legitimate... but noted, will be judicious. Not like I'm in this particular race to win...

wmb194

artyboy said:

wmb194 said:

artyboy said:

Just realised I can gradually top up my II trading account with £1.01 increments. Seems like a pretty simple way to get my balance up quickly with double round ups, although doubt I have the patience to do 100 a day so will let others claim the prize for being first to £5000!

I'd be judicious. Someone in another thread reported doing similar with their stockbroker - IIRC AJ Bell - and it closed his account because of it.

Sorry, the stockbroker closed the account, or Natwest?

Point noted, thanks, although II are going to have a lot of my money invested with them (SIPP/ISA) so if they do get jumpy over a handful of £1.01 deposits then that would make me reevaluate wanting to be with them anyway...

The stockbroker.

myth123

I use a debit card to make additional card payments of 2p to my water bill. I'd be more than happy if they close my water account down so I no longer have to pay it.

flaneurs_lobster

Do the credit parties to all these penny transactions not get charged transaction fees per credit by the card processors? 

Can't imagine it's too much of a worry to NS&I but a smaller building society? 

phillw

surreysaver 
Someone else reported Skipton Building Society getting the hump too - although sending a warning letter rather than closing the account 

I wonder what the threshold is and why they don't just block them.

kaMelo

phillw said:

surreysaver 
Someone else reported Skipton Building Society getting the hump too - although sending a warning letter rather than closing the account 

I wonder what the threshold is and why they don't just block them.

If I remember correctly the poster who received a narky letter from Skipton was making 17 or 18 deposits a month by debit card.

Stargunner

Does anyone know what savings accounts you can use to make small deposits by debit card.

flaneurs_lobster

Stargunner said:

Does anyone know what savings accounts you can use to make small deposits by debit card.

This list is from https://becleverwithyourcash.com/

• Yorkshire Building Society savings account
• Skipton Building Society savings account
• NS&I savings or Premium Bonds
• Chip savings app
• Vanguard investments

Reports elsewhere on the forum of Skipton having a huffy about serial depositors. 

housebuyer143

Thanks for the heads up on roundups. Got double roundup's going into the regular saver now 😁

Zaul22

I thought I had found a new way to create roundups without using a non bank fintech app: using your own Starling Settleup or Monzo.me link to pay by card. The transaction failed but it didn't say why so it may still be possible.