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

Bridlington1

RG2015 said:

Bridlington1 said:

RG2015 said:

Flugelhorn said:

TheBanker said:

The actual round ups are posted a few days in arrears to the card transactions.

Obvious question but have you made a card payment that qualifies to be rounded up since you turned it on, and is the transaction still showing as pending or has it settled?

ah good point - yes have done a couple of transactions using the card and they are indeed still "pending" - sounds like that might be the problem. will be patient for a few days

Correct. Once they clear, the round up or double round up will show as a transfer to your savings account.

I did notice that two debit card payments made on the same day only generated a single round up transfer.

Also it may be worth noting that if, like me, you end up making around 30 £1.01 debit card deposits into NS&I before remembering that you had turned off round ups the previous day to be eligible to enter into a prize draw, turning double round ups on will result in the round ups for the 30 debit card deposits you'd made whilst round ups were off go through.

Essentially any payment that clears when round ups are switched on will be rounded up, regardless of whether round ups were on when you made the card payment.

That’s very interesting, but academic as I very rarely use my debit card. If I do need to use a debit card, I use Chase for the 1% cashback.

I also fear the bank may end up blocking my accounts, so I am not tempted to contrive transactions for a relatively small payback.

I very rarely use my debit card either and don't go anywhere near as far with the round ups as I did prior to LBG deciding to get rid of me for fear of losing access to the Natwest group as well. However for accounts that let me make deposits by debit card I still make my initial deposit using my Natwest/RBS debit card and ensure the deposit ends in 1p though and pay one of my credit cards by debit card to generate another.

RG2015

Bridlington1 said:

RG2015 said:

Bridlington1 said:

RG2015 said:

Flugelhorn said:

TheBanker said:

The actual round ups are posted a few days in arrears to the card transactions.

Obvious question but have you made a card payment that qualifies to be rounded up since you turned it on, and is the transaction still showing as pending or has it settled?

ah good point - yes have done a couple of transactions using the card and they are indeed still "pending" - sounds like that might be the problem. will be patient for a few days

Correct. Once they clear, the round up or double round up will show as a transfer to your savings account.

I did notice that two debit card payments made on the same day only generated a single round up transfer.

Also it may be worth noting that if, like me, you end up making around 30 £1.01 debit card deposits into NS&I before remembering that you had turned off round ups the previous day to be eligible to enter into a prize draw, turning double round ups on will result in the round ups for the 30 debit card deposits you'd made whilst round ups were off go through.

Essentially any payment that clears when round ups are switched on will be rounded up, regardless of whether round ups were on when you made the card payment.

That’s very interesting, but academic as I very rarely use my debit card. If I do need to use a debit card, I use Chase for the 1% cashback.

I also fear the bank may end up blocking my accounts, so I am not tempted to contrive transactions for a relatively small payback.

I very rarely use my debit card either and don't go anywhere near as far with the round ups as I did prior to LBG deciding to get rid of me for fear of losing access to the Natwest group as well. However for accounts that let me make deposits by debit card I still make my initial deposit using my Natwest/RBS debit card and ensure the deposit ends in 1p though and pay one of my credit cards by debit card to generate another.

I stopped making initial deposits by debit card when I realised they wouldn't make earn any interest until they had cleared two or more days later.