Monzo and Starling onepounddd DDs

571 Posts

Hi
Is it OK to set up 2 identical OPDD DDs to satisfy the 2 DD switching requirement for switching?
A Onepounddd DD appears to quickly become active. Days rather then several weeks for MSF UNICEF DDs.
In the longer term I aim to do DDs directly to my preferred charities for amounts that more then cover any admin cost's.
Is it OK to set up 2 identical OPDD DDs to satisfy the 2 DD switching requirement for switching?
A Onepounddd DD appears to quickly become active. Days rather then several weeks for MSF UNICEF DDs.
In the longer term I aim to do DDs directly to my preferred charities for amounts that more then cover any admin cost's.
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Create a Plum account for a small weekly DD as an alternative, that's done in a few hours too
Checked out link by Daliah, appeared over complicated for simple DDs.
Quick DDs is attractive.
Anything else I need to know about Plum besides turning off auto-saving?
Thanks to everyone.
You can leave auto saving on it's just their easy access saver is pretty poor and I found the robo thing just assessed your bank account total (you link them in the process) and took amounts on top of the regular weekly DD until I turned it all off except the weekly one. As soon as the switch bonus was paid I took the cash back out of the savings pot into the central pot, then moved it back to the bank account and turned it off, kept the account for the moment though.
Think I'm getting it all now.
Like riding a bike.
Anymore switching tips. New bank accounts for switching order etc. Seems so
many at the moment.
Thanks
Keep track of dates and when you switched / who to and go from there. The offers can sometimes be time limited so if you did say First Direct in January 2020 and they have an offer next year saying no bonus if you transferred since January, fine, but maybe the next year you can try and it avoids wasting time
I have done it periodically, had a Virgin account as a safety net as it paid 2% on £1000 for ages, but switched it to First Direct for the bonus and keeping it going for the regular saver until that expires then I will look again. I got paid for Nationwide and started the process of moving to Lloyds, that one might be worth keeping and cycling £1500 through for the free cinema tickets
Beyond that, just do the order in which the offers come up to ensure they complete and switch out, assuming you are eligible. I'm sure there will be offers in the future for Halifax, RBS etc that I might get