£1 Direct Debits for Bank Accounts

Sensory

adindas said:

PRAISETHESUN said:

With Plum, you can link multiple current accounts but only one of them can be set as your primary account. This account is the one that a DD is set up on. If you change your primary account then the DD mandate on the previous account gets cancelled and a new one is set up on your new primary account - meaning only one DD at a time.

There doesn't seem to be anything stopping you registering for multiple Plum accounts however with different email address, which you can then link to multiple current accounts to generate multiple DDs. You just need to log in/out of the app each time you need to switch between them.

I have not done that so it is also interesting know, whether it is just a matter of Login/Logoff and selecting a different current account to target from where the money will need to be pulled into plum.

The potential problem here that I could see is the confusion from the system as cancelling direct debit, it will need to be set up again. Both parties Plum and The Banks might get annoyed.

There’s nothing to suggest having multiple Plum accounts will cause conflicts or confuse the direct debit system.

stevec59

So, I've opened a Plumb account on my iPad and linked it with my Barclays account, set up £1, I think that's once a week, bit more often than I'd like, but I can transfer back. I opened a second Pocket thinking that I could have a second bank for the other pocket, but that doesn't seem to be the case, it looks like it's tied to Barclays, is that correct? I don't really want to open a different one on a different device, I might look at monzo as I ned a few DD's, I had 4 post office on line savers, so I need to replace those.
I recently bought a new Epson Printer and went for the Epsom ReadyPrint subscription, 10 pages a month, I think it's 99p, so that's another DD out of the way

quirkydeptless

stevec59 said:

I recently bought a new Epson Printer and went for the Epsom ReadyPrint subscription, 10 pages a month, I think it's 99p, so that's another DD out of the way

Nice tip for the Epson printer, I have one too.

Jami74

I set up a regular amazon gift card top-up of £1 on a credit card that I hadn't used since its promotion ended and used that to set up a direct debit for payment in full.

qsk

Jami74 said:

I set up a regular amazon gift card top-up of £1 on a credit card that I hadn't used since its promotion ended and used that to set up a direct debit for payment in full.

That's good way around, but are you sure your CC provider collect the £1 payment every month? Some providers only collect when a certain minimum credit is reached.

k_man

qsk said:

Jami74 said:

I set up a regular amazon gift card top-up of £1 on a credit card that I hadn't used since its promotion ended and used that to set up a direct debit for payment in full.

That's good way around, but are you sure your CC provider collect the £1 payment every month? Some providers only collect when a certain minimum credit is reached.

Some (RBS, NatWest) don't just not collect low amounts, they actually credit the £1 back to you!

PRAISETHESUN

stevec59 said:

So, I've opened a Plumb account on my iPad and linked it with my Barclays account, set up £1, I think that's once a week, bit more often than I'd like, but I can transfer back. I opened a second Pocket thinking that I could have a second bank for the other pocket, but that doesn't seem to be the case, it looks like it's tied to Barclays, is that correct? I don't really want to open a different one on a different device, I might look at monzo as I ned a few DD's, I had 4 post office on line savers, so I need to replace those.
I recently bought a new Epson Printer and went for the Epsom ReadyPrint subscription, 10 pages a month, I think it's 99p, so that's another DD out of the way

PRAISETHESUN said:

With Plum, you can link multiple current accounts but only one of them can be set as your primary account. This account is the one that a DD is set up on. If you change your primary account then the DD mandate on the previous account gets cancelled and a new one is set up on your new primary account - meaning only one DD at a time.

There doesn't seem to be anything stopping you registering for multiple Plum accounts however with different email address, which you can then link to multiple current accounts to generate multiple DDs. You just need to log in/out of the app each time you need to switch between them.

As I mentioned previously, you can only link 1 bank account to your Plum account as your "primary" account - in this case Barclays. Secondary pockets can't be set up as additional DDs. You can have multiple Plum accounts on the same device, as it's tied to an email address, not your device. You just need to log in/out of the app each time you want to switch between them.

phillw

k_man said:
Some (RBS, NatWest) don't just not collect low amounts, they actually credit the £1 back to you!

Wait, what? If you spend £1 on an RBS or NatWest card, they just write it off?

k_man

phillw said:

k_man said:
Some (RBS, NatWest) don't just not collect low amounts, they actually credit the £1 back to you!

Wait, what? If you spend £1 on an RBS or NatWest card, they just write it off?

I am not sure on the exact conditions, but sometimes, yes.
Was quite confused when it first happened.
It even appears as

SMALL BALANCE WRITE OFF

in the transaction list.

How often they will do this, rather than just close the account is a different matter.

https://forums.moneysavingexpert.com/discussion/6205240/natwest-credit-card-small-balance-write-off-query

https://forums.moneysavingexpert.com/discussion/6114295/credit-card-small-balance-write-off

Jami74

qsk said:

Jami74 said:

I set up a regular amazon gift card top-up of £1 on a credit card that I hadn't used since its promotion ended and used that to set up a direct debit for payment in full.

That's good way around, but are you sure your CC provider collect the £1 payment every month? Some providers only collect when a certain minimum credit is reached.

Ah that's interesting. They've taken it this month but if it appears to be a problem I could always up it to £2.