paid weekly when to do monthly direct debit?

tiger135

so can you have your wages sent to an instant saver? 
also as above you can have direct debits taken from a saver?
i always thought it had to be a current account.

gsmh

The alternative is to use Starling, where you can set up spaces, which are like mini accounts, within your main current account. You can have direct debits and standing orders set up on them and even have a separate (virtual) debit card. Maybe worth having a look? Opening a Starling account is done within their app and doesn't involve a credit search - someone please verify that is still the case.

wmb194

gsmh said:

The alternative is to use Starling, where you can set up spaces, which are like mini accounts, within your main current account. You can have direct debits and standing orders set up on them and even have a separate (virtual) debit card. Maybe worth having a look? Opening a Starling account is done within their app and doesn't involve a credit search - someone please verify that is still the case.

It's an idea but I cannot see that Starling pays any interest on its current account or within these, "spaces."

Vortigern

tiger135 said:

so can you have your wages sent to an instant saver? 
also as above you can have direct debits taken from a saver?
i always thought it had to be a current account.

Wages can be sent to many savers, as long as they have sortcode, account number and reference, and crucially that the saver does not need to be fed from a linked current account. Probably doesn't work for passbook accounts either.

Chase can pay direct debits from the savings account.

Rob5342

Whenever the date is you have to budget around it, so there isn't a specific date that will make things easier.

I'd have a separate account to be paid into, with a monthyl standing order to pay into my main one. That would let you budget around a monthly income and once every year or so you'd get a month's wages as a bonus.

gsmh

wmb194 said:

It's an idea but I cannot see that Starling pays any interest on its current account or within these, "spaces."

Sorry, I wasn't aware interest was a requirement. The OP didn't mention it in his/her initial question. 

wmb194

gsmh said:

wmb194 said:

It's an idea but I cannot see that Starling pays any interest on its current account or within these, "spaces."

Sorry, I wasn't aware interest was a requirement. The OP didn't mention it in his/her initial question. 

Apart from the default position of it making sense to try to earn some interest anyway, in a later post and a separate thread the OP showed interest in having their wages deposited to a savings account and having their DDs paid out of it - in this instance Chase's savings account would work.