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best savings account that accepts direct debits
greenery
Posts: 1,007 Forumite
I need another direct debit in order to take advantage of bank switching offers. I have run out out. I have a moneybox account which has a small direct debit and I would like to open another small savings account just for the direct debit. Any suggestions for for where?
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It's a struggle now with Birmingham Midshires closing accountsSee here for ideas https://becleverwithyourcash.com/cheap-direct-debits-for-bank-switching-and-rewards/The Ecology BS 2.1% regular saver is a minimum £25 per month DDI am also using Plum (AI auto-saving app) and Wealthify (£2 a month investment - P.S. sometimes new Wealthify customer bonus offers crop up on this site)
Retired 1st July 2021.
This is not investment advice.
Your money may go "down and up and down and up and down and up and down ... down and up and down and up and down and up and down ... I got all tricked up and came up to this thing, lookin' so fire hot, a twenty out of ten..."3 -
Scottish widows, plum, moneybox, ecology regular saver, ecology easy access, ecology notice account and charity bank all take DD. Wealthify's a good one, though it's investing and not saving. Many credit unions allow DD deposits too.
Also credit cards are quite useful. You can just open a credit card and buy a 10p amazon voucher once a month for an easy direct debit.3 -
Credit card, 10p Amazon voucher, easy direct debit. How does that all work?Bridlington1 said:Scottish widows, plum, moneybox, ecology regular saver, ecology easy access, ecology notice account and charity bank all take DD. Wealthify's a good one, though it's investing and not saving. Many credit unions allow DD deposits too.
Also credit cards are quite useful. You can just open a credit card and buy a 10p amazon voucher once a month for an easy direct debit.
Thanks1 -
Apparently the Santander eSaver might also allow DDs but I can't see how to set it up online (I'm not ton the app) - can anyone help?
Similarly for the Ecology easy access and notice accounts - how do you set them up? The account information does not say DDs are allowed.0 -
I haven't yet seen anyone confirming it works or fails. I have set up a DD mandate against my Santander esaver but I don't yet know whether it will actually be executed. Will be a few more days before I know.granta said:Apparently the Santander eSaver might also allow DDs but I can't see how to set it up online (I'm not ton the app) - can anyone help?
Similarly for the Ecology easy access and notice accounts - how do you set them up? The account information does not say DDs are allowed.1 -
Thanks. I want to try the same but can't see how to do it when I login to my account. Maybe it's only possible on the app?Daliah said:
I haven't yet seen anyone confirming it works or fails. I have set up a DD mandate against my Santander esaver but I don't yet know whether it will actually be executed. Will be a few more days before I know.granta said:Apparently the Santander eSaver might also allow DDs but I can't see how to set it up online (I'm not ton the app) - can anyone help?
Similarly for the Ecology easy access and notice accounts - how do you set them up? The account information does not say DDs are allowed.0 -
Are people saying you can pay into the Santander esaver with direct debit, or pay out of it by direct debit?Daliah said:
I haven't yet seen anyone confirming it works or fails. I have set up a DD mandate against my Santander esaver but I don't yet know whether it will actually be executed. Will be a few more days before I know.granta said:Apparently the Santander eSaver might also allow DDs but I can't see how to set it up online (I'm not ton the app) - can anyone help?
Similarly for the Ecology easy access and notice accounts - how do you set them up? The account information does not say DDs are allowed.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
You can't set it up in Santander. A DD needs to be set up with the recipient of the money - e.g. a savings or investment account in your name that accepts DD, a credit card, a charity etc etc.granta said:
Thanks. I want to try the same but can't see how to do it when I login to my account. Maybe it's only possible on the app?Daliah said:
I haven't yet seen anyone confirming it works or fails. I have set up a DD mandate against my Santander esaver but I don't yet know whether it will actually be executed. Will be a few more days before I know.granta said:Apparently the Santander eSaver might also allow DDs but I can't see how to set it up online (I'm not ton the app) - can anyone help?
Similarly for the Ecology easy access and notice accounts - how do you set them up? The account information does not say DDs are allowed.2 -
Ok, thanks. I've misunderstood and thought this could be another source of direct debit like the ecology regular saver. Need to find a replacement for a DD I had to cancel recentlyDaliah said:
You can't set it up in Santander. A DD needs to be set up with the recipient of the money - e.g. a savings or investment account in your name that accepts DD, a credit card, a charity etc etc.granta said:
Thanks. I want to try the same but can't see how to do it when I login to my account. Maybe it's only possible on the app?Daliah said:
I haven't yet seen anyone confirming it works or fails. I have set up a DD mandate against my Santander esaver but I don't yet know whether it will actually be executed. Will be a few more days before I know.granta said:Apparently the Santander eSaver might also allow DDs but I can't see how to set it up online (I'm not ton the app) - can anyone help?
Similarly for the Ecology easy access and notice accounts - how do you set them up? The account information does not say DDs are allowed.1 -
Open a new credit card and set up a direct debit to pay the card in full each month. Then simply buy a 10p amazon gift card using your new credit card once a month. Voila, you now have a 10p direct debit each month.binao said:
Credit card, 10p Amazon voucher, easy direct debit. How does that all work?Bridlington1 said:Scottish widows, plum, moneybox, ecology regular saver, ecology easy access, ecology notice account and charity bank all take DD. Wealthify's a good one, though it's investing and not saving. Many credit unions allow DD deposits too.
Also credit cards are quite useful. You can just open a credit card and buy a 10p amazon voucher once a month for an easy direct debit.
Thanks3
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