Barclays Blue Rewards

Swoosh84

Evening All,

Looking to get the Barclays Blue Rewards savings account. Got a current account setup and just noticed I need to pay in £800pm for Blue Rewards. Does anyone know if I can just set up a SO for £800pm to Barclays on say the 1st of each month, pay a couple of DDs with it then another setup another SO back to my main account?

Thanks,
J

Band7

That should work ok. 

I do my £800ish in/out manually on the 3rd working day of a month.

Swoosh84

Band7 said:

That should work ok. 

I do my £800ish in/out manually on the 3rd working day of a month.

Thanks Band - So do you just pay it in straight away on the 3rd and then remove same day? Was thinking of just transferring on say the 1st, then out on say the 5th.

kaMelo

Swoosh84 said:

Band7 said:

That should work ok. 

I do my £800ish in/out manually on the 3rd working day of a month.

Thanks Band - So do you just pay it in straight away on the 3rd and then remove same day? Was thinking of just transferring on say the 1st, then out on say the 5th.

It just has to be paid in at some point within the month, there is no requirement on how long it has to remain there. I pay £800 in and out again within a couple of minutes at the beginning of the month, no point leaving money in a non interest bearing account for a few days. 

Swoosh84

Thanks Both - Follow up question with regards to the DDs. I have one specific DD for my daughters gymnastics. It appears on my list of direct debits as one DD. But its actually for two seperate classes. They are both collected under the same DD on the same day but appear as two seperate transactions. Will that count as two DDs?

J

surreysaver

Does it come out as two transactions? If so, it will count. Note that this doesn't apply to all banks that have direct debit requirements, but it does work with Barclays 

Band7

Swoosh84 said:

Thanks Both - Follow up question with regards to the DDs. I have one specific DD for my daughters gymnastics. It appears on my list of direct debits as one DD. But its actually for two seperate classes. They are both collected under the same DD on the same day but appear as two seperate transactions. Will that count as two DDs?

J

Most probably, yes.

I have 2 DDs going from my Blue Rewards to the same payee, on the same day, but two different amounts. All working fine.

Swoosh84

Amazing insight, thank you to all that responded. Im off to hunt for other accounts I can do this with

adindas

Swoosh84 said:

Band7 said:

That should work ok. 

I do my £800ish in/out manually on the 3rd working day of a month.

Thanks Band - So do you just pay it in straight away on the 3rd and then remove same day? Was thinking of just transferring on say the 1st, then out on say the 5th.

Yes, not just the same day but could be in the same minutes. As soon as you see your £800 in Barclay you could easily move it back. Do not forget you also need to pay £5 while you will still need 2DDs to get £5

James_Mass

Hi, does anyone know if the £800 has to be in one go. I've just setup a rainy day saver's account for my Dad. He has at least 2 DDs coming out from his current account but his pension is paid weekly into the same current account.

If yes, could he then also shift the some of the pension money to the rainy savers account as soon as he gets it deposited.

I looked up the T&C and can't find anything to help.

ColdIron

James_Mass said:

Hi, does anyone know if the £800 has to be in one go

No it doesn't