We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
RBS reg Saver monthly limit

B0bbyEwing
Posts: 1,479 Forumite

https://www.rbs.co.uk/savings.html
£150/month limit.
This month for example £3.99 has gone in already, but that was an interest payment.
So can I send over £150 or only £146.01?
£150/month limit.
This month for example £3.99 has gone in already, but that was an interest payment.
So can I send over £150 or only £146.01?
0
Comments
-
£150, which is the monthly deposit limit, interest doesn't count towards this.3
-
You can transfer/deposit £150 per month, the interest and round ups credited to the account don't count towards the £150.2
-
You can pay in £150. You can pay in more by using roundups.
The interest added by RBS does not count as paying in.3 -
Vortigern said:You can pay in £150. You can pay in more by using roundups.
The interest added by RBS does not count as paying in.
In case it makes a difference to anything, with RBOS I literally have a current account & this reg saver. The current account just has £1 in it & the whole thing exists just because of the interest rate on the reg saver.
Only roundups I know of are with Chase when I spend £0.80 they chuck the other £0.20 in to a roundup account.0 -
Only roundups I know of are with Chase when I spend £0.80 they chuck the other £0.20 in to a roundup account.
So if you pay £1.01 using your debit card it will transfer 0.99 to the digital saver (if you have it in your current account).
Some people have been making repeated £1.01 debit card payments to a savings account, but I think you are limited to 99 debit card payments a month. They have also received letters asking them to stop doing it, or their savings account will be closed. In any event, the return is less than minimum wage.
3 -
phillw said:Only roundups I know of are with Chase when I spend £0.80 they chuck the other £0.20 in to a roundup account.
So if you pay £1.01 using your debit card it will transfer 0.99 to the digital saver (if you have it in your current account).
Some people have been making repeated £1.01 debit card payments to a savings account, but I think you are limited to 99 debit card payments a month. They have also received letters asking them to stop doing it, or their savings account will be closed. In any event, the return is less than minimum wage.0 -
phillw said:Only roundups I know of are with Chase when I spend £0.80 they chuck the other £0.20 in to a roundup account.
So if you pay £1.01 using your debit card it will transfer 0.99 to the digital saver (if you have it in your current account).
Some people have been making repeated £1.01 debit card payments to a savings account, but I think you are limited to 99 debit card payments a month. They have also received letters asking them to stop doing it, or their savings account will be closed. In any event, the return is less than minimum wage.
There's an existing thread about the account here (from relevant post)
https://forums.moneysavingexpert.com/discussion/comment/79733726/#Comment_79733726
0 -
There's anecdotal hear say about people running into problems by utilising systems like this, but I've yet to see ANY evidence of this and as someone who has utilised round ups to the max with Chase/NW and others before I've never encountered ANY issue.0
-
I have a RBS digital regular saver and was wanting to start using roundups but don't seem to be able to turn this function on. I have looked in digital banking but there is no toggle button to turn this feature on or off?
I was going to download the RBS app onto my ipod touch but it is iOS 12.5.7 and cannot be updated any higher and the RBS mobile app requires iOS 13 or higher.
What would be the cheapest device that I could buy to download the RBS mobile app onto to get it working? I think for the RBS mobile app it has to be iOS 13 or Android 7?
I don't understand why I cannot just turn on roundups through my digital banking. Is there some technical reason why this is not possible?0 -
Sumselkb said:I have a RBS digital regular saver and was wanting to start using roundups but don't seem to be able to turn this function on. I have looked in digital banking but there is no toggle button to turn this feature on or off?
I was going to download the RBS app onto my ipod touch but it is iOS 12.5.7 and cannot be updated any higher and the RBS mobile app requires iOS 13 or higher.
What would be the cheapest device that I could buy to download the RBS mobile app onto to get it working? I think for the RBS mobile app it has to be iOS 13 or Android 7?
I don't understand why I cannot just turn on roundups through my digital banking. Is there some technical reason why this is not possible?0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.3K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.2K Work, Benefits & Business
- 597.8K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards