Savings/investment DDs and debit card deposits- An updated list
Welcome to this thread. I have decided to create this thread to provide a regularly updated list of savings and investment accounts that can be paid into by direct debit and/or debit card for the purposes of satisfying the various bank switching offers and reward accounts that are available.
This thread is intended to be a continuation of the existing Savings accounts accepting DD's thread with the addition of savings accounts that let you make deposits by debit card.
Feel
free to use this thread to discuss any of the items on
this list and if there are any DDs/accounts that I have missed please
mention these in this thread and tag me @Bridlington1 or
send me a direct message so I can add them to the list.
I
have divided up the information here into 6 sections as follows:
Savings accounts DDs
Investment accounts DDs
Miscellaneous DDs
Savings accounts that let you deposit by debit card
Investment accounts that let you deposit by debit card
Miscellaneous accounts that let you deposit by debit card
I have included a brief summary of the terms and conditions of each account and where possible I have included links to each of the accounts on this list. I shall not be maintaining lists of items marked as "DYOR", such as charities, credit cards etc.
I have also made reference any refer a friend/sign up offers that any of the items on the list are offering as a remark. I have chosen to do this because I feel they may be of benefit to anyone who knows someone outside of this forum who could refer them/be referred by them. I must stress that this thread must NOT be used to request/exchange referral links or personal details. This also applies to private messages.
Note you can read the above paragraph to mean that I am NOT willing to refer anyone to any of the items mentioned on this thread via private message. Anyone who makes such a request is wasting their time.
Comments
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Savings accounts DDs:
Charity Bank Ethical 33-day Notice account:
Interest rate: Tiered: £250-£24999 pays 3%, balances over £25k pay 3.16% (all AER variable)
Monthly direct debit amount: £10 minimum
Multiple monthly DDs: Only 1 DD per account
Direct debit date: 10th
Account opening: By post or online
Management: By post
Sole/joint: Can be opened in sole or joint names
Remarks: Minimum deposit £250. Must fill in a direct debit mandate form. DDs must come from your nominated account. Multiple notice accounts may be opened however and you may set up a different nominated account for each.
Charity Bank Ethical 93-day Notice account:
Interest rate: Tiered: £250-£24999 pays 3.03%, balances over £25k pay 3.19% (all AER variable)
Monthly direct debit amount: £10 minimum
Multiple monthly DDs: Only 1 DD per account
Direct debit date: 10th
Account opening: Post or online
Management: Post
Sole/joint: Can be opened in sole or joint names
Remarks: Minimum deposit £250. Must fill in a direct debit mandate form. DDs must come from your nominated account. Multiple notice accounts may be opened however and you may set up a different nominated account for each.
Charity Bank Ethical 33-day Notice ISA:
Interest rate: 3.01% AER variable
Monthly direct debit amount: £10 minimum
Multiple monthly DDs: Only 1 DD per account
Direct debit date: 10th
Account opening: By post or online
Management: By post
Sole/joint: Can be opened in sole or joint names
Remarks: Minimum deposit £250. Must fill in a direct debit mandate form. DDs must come from your nominated account. Multiple notice accounts may be opened however and you may set up a different nominated account for each.
Hanley Economic BS:
Accounts: Any account
Monthly direct debit amount: No stated limits
Multiple monthly DDs: One per account per month.
Direct debit date: 1st, 7th, 14 or 21st
Sole/joint: Can be opened in sole or joint names
Remarks: In order to set up a direct debit you must fill in a direct debit mandate form.
M&S Cash ISA (variable rate option):
Interest rate: 2.8% AER (variable)
Minimum initial deposit: £1
Direct debit amount: £1 min
Multiple monthly DDs: No
Direct debit date: 4th of each month
Account opening: By post, telephone or online
Management: By post or telephone
Sole/joint: Can be opened in sole name only but deposits can be made from a joint account
Remarks: Must fill in direct debit mandate form, which must be sent to M&S bank along with a cheque for the first month's deposit. The cheque must be from the same account that you've set up the DD on. Minimum withdrawal amount £10. ISA is not flexible.
Interest rate: 3.75% AER (variable) (can earn 4.75% if you hold a Cash ISA, Stocks & Shares ISA, Lifetime ISA, Junior ISA, Personal Pension, or; have a Reward Savings Account that hasn’t been cancelled)
Weekly direct debit amount: £2 minimum
Multiple Weekly DDs: No
Direct debit date: First working day of each week
Account opening: App
Management: App
Sole/joint: Can be opened in sole name only but deposits can be made from a joint account
Remarks: Also offer a 32, 45, 90 and 120 notice account but you can only make 1 weekly DD into Moneybox which can be split between these accounts as you wish. Only 1 withdrawal permitted per calendar month. For those who have the Simple Saver powered by Shawbrook, the latest increase from 3% to 4% has not been automatically applied, in order to get the new rate of 4% you will need to switch to the Simple Saver powered by Santander International, which can be done in the app by going to Settings>Accounts>Simple Saver and choosing the version powered by Santander International (it took me about 20 seconds).
Plum:
Interest rate: 3.89% AER variable (plum basic)
Weekly direct debit amount: £1 minimum
Direct debit date: Wednesday
Multiple monthly DDs: Yes but only from one linked account
Account opening: App
Management: App
Sole/joint: Can be opened in sole name only and all DDs must come from a sole account
Remarks: Can link multiple accounts but you must select one account only for DDs to come out of. Currently offer a sign up offer in which you can get £15 for signing up and having £500 in the account for 90 days.
Post office Easy Access Cash ISA:
Interest rate: 3.65% gross variable (includes fixed 2.25% bonus for 12 months)
Monthly direct debit amount: £10 minimum
Multiple monthly DDs: No
Direct debit date: Your choice
Account opening: By post or branch
Management: By post or branch or telephone
Sole/joint: Can be opened in sole name only but DDs can be taken from a joint account.
Remarks: Account is not flexible. Minimum initial deposit £100
11 -
Investment DDs:
Direct debit: £25 minimum
Multiple monthly DDs: Only one DD may be paid into each dealing account per month but you may hold multiple dealing accounts simultaneously.
Direct debit date: 10th of each month
Account opening: Online
Management: Online
Sole/joint: Can be opened in sole or joint names
Remarks: All deposits must come from your nominated account and you may only hold one nominated account irrespective of how many dealing accounts you open. They also do a stocks and shares ISA with the same DD conditions.
Direct debit: £25 minimum
Multiple monthly DDs: Only one DD may be paid into each account per month, however you may open multiple GIAs and deposit into each once per month. All deposits must come from your nominated account and you may only hold one nominated account irrespective of how many accounts you open.
Direct debit date: 2nd
Account opening: Online
Management: Online
Sole/joint: Can be opened in sole name only and all DDs must come from a sole account.
Remarks: Have been known to offer a 2% cashback offer (NLA) if you transfer a GIA, ISA or JISA to them. Currently pays 3% (tracks BOE Base Rate) on uninvested cash.
Direct debit: £25 minimum
Multiple monthly DDs: One per account but you may open multiple GIAs and set up a DD to each.
Direct debit date: Your choice
Account opening: App
Management: App
Sole/joint: Can be opened in sole name, it is unclear whether joint accounts are allowed or if DDs can be linked to joint accounts. I shall update this post one I have further information.
Remarks: All DDs must come from your linked account and you may only have one linked account irrespective of how many GIAs you open. Currently offer a refer a friend offer in which both you and your friend will receive a free share between £10 and £100 for depositing £50+. Have previously offered a slightly more generous refer a friend offer in which both you and your friend received a free share between £10 and £100 for depositing £10+ (ended 2/8/23). Do NOT use this thread to request/exchange referral links.
Hargreaves Lansdown (investment only):
Direct debit: £25 minimum, though can be set to £0 in order to temporarily suspend the DD.
Multiple DDs: Only one per product but you can have multiple products.
Direct debit date: 7th of the month
Account opening: Online, phone or post
Management: Online, phone or post
Sole/joint: Can be opened in sole or joint names, though joint accounts must be opened by post
Remarks: You may only hold one nominated account for DDs at any one time and all DDs must come from this nominated account. Your nominated account for DDs does not need to be the same account as your nominated account for withdrawals. You may change the total DD between 10th and 21st of the month and investment choices between 10th and 7th.
Direct debit: £25 minimum
Multiple monthly DDs: Only one per account but you can open multiple trading accounts.
Direct debit date: 12th of the month
Account opening: Online
Management: Online or app
Sole/joint: Can be opened in sole name, it is unclear whether joint accounts are allowed or if DDs can be linked to joint accounts. I shall update this post one I have further information.
Remarks: Available in their trading account, S&S ISA, JISA and SIPP. Comes with monthly fee of £4.99+ (depending on which plan you have) to have these accounts so probably best not to open this account solely for the direct debit. All DDs must come from the same nominated account irrespective of how many trading accounts you open.
Direct debit: £50 minimum
Multiple monthly DDs: Only 1 DD may be paid into each general account per month but you may open multiple general accounts and deposit into each once per month.
Direct debit date: Any of your choice.
Account opening: Online
Management: Online
Sole/joint: Can be opened in sole name, it is unclear whether joint accounts are allowed or if DDs can be linked to joint accounts. I shall update this post one I have further information.
Remarks: All DD deposits must be made from your nominated account and you may only have one nominated account irrespective of how many general accounts you hold. Also have a stocks and shares ISA option. Have been known to do sign up offers in which you get £30 for investing £100. Currently offering a refer a friend offer in which you receive a free investment valued between £10 and £50 if both you and your referrer invest the free investment plus £100 or more for 12 months. Do NOT use this thread to exchange/request referral links.
Direct debit: £100 minimum
Multiple monthly DDs: One monthly DD can be set up on each GIA but you can also make one off deposits by DD. .
Direct debit date: Your choice
Account opening: Online
Management: Online
Sole/joint: Can be opened in sole name, it is unclear whether joint accounts are allowed or if DDs can be linked to joint accounts. I shall update this post one I have further information.
Remarks: All DDs must come from your nominated account. You may only have one nominated account.
NuWealth Standard GIA/Standard ISA:
Direct debit: £10 minimum
Multiple monthly DDs: 2 per account (1 monthly auto deposit and one round up). You may only hold one standard GIA and/or one ISA.
Direct debit date: 7th, 14th, 21st or 28th of month
Account opening: App
Management: App
Sole/joint: Can be opened in sole name, it is unclear whether joint accounts are allowed or if DDs can be linked to joint accounts. I shall update this post one I have further information.
Remarks: Standard GIA and ISA both charge a £1 monthly fee. All DDs must be taken from your nominated account and you may only hold one nominated account irrespective of how many accounts you hold. Round ups and auto invest are taken as two separate DDs, but if the round ups total is less than £10 the round up will not be taken that month and the total accumulated will instead be added to the following month's round up total until £10 is reached. Have been known to offer a £10 welcome bonus for opening an account with them (no initial deposit was required, £10 does count towards your ISA allowance if you choose the ISA option). Currently have a refer-a-friend offer in which both you and your referred friend both get £10 with can be claimed instead of the welcome bonus. Note both of these offers are available with their Instant plan (free) and the bonus must be invested for 90 days before you can withdraw the money. Do NOT use this thread to request/exchange referral links.
Direct debit: £10 minimum (monthly)
Multiple monthly DDs: Yes, though you can only have one monthly DD of £10. You can however make one off DD deposits of £100+
Direct debit date: Your choice
Account opening: Online
Management: Online
Sole/joint: Can be opened in sole names, joint TBC
Remarks: Have previously offered a welcome gift (see below)
Initial deposit: £500
Direct debit amount: 1p minimum
Multiple monthly DDs: Yes
Direct debit date: Your choice
Account opening: Online
Management: Online
Sole/joint: Can be opened in sole name only. It is unclear whether joint accounts are allowed or if DDs can be linked to joint accounts. I shall update this post one I have further information.
Remarks: Money can be held as cash do doesn't need to be invested. Vanguard have been known to combine DDs that are due to go out on the same day so make sure the DDs are spread out sufficiently if using this to satisfy reward account DDs. All deposits must be made from your nominated account and you may only hold one nominated account. There have been reports of people not needing to make a £500 initial deposit.
Direct debit: £1 minimum
Multiple monthly DDs: Only 1 DD may be paid into each GIA per month but you may open multiple GIAs and deposit into each once per month.
Direct debit date: Your choice
Account opening: Online or app
Management: Online or app
Sole/joint: Can be opened in sole name only. It is unclear whether joint accounts are allowed or if DDs can be linked to joint accounts. I shall update this post one I have further information.
Remarks: They have been known to do sign up offers (NLA) in which you will receive £75 for investing £75 or more for a year and other offers in which you will receive £50 for investing £50 for a year. Currently have a refer a friend offer in which both the referrer and referee will receive a free £50 investment if the referee invests £1k for 6+ months. All deposits must be made from your nominated account and you may only hold one nominated account irrespective of how many GIAs you open. Also do a stocks and shares ISA with same DD conditions. Do NOT use this thread to exchange/request referral links.
7 -
Miscellaneous DDs:
Charities (DYOR)
Credit cards (DYOR)
Credit unions (DYOR)
Direct debit: No stated minimum
Multiple monthly DDs: Yes but only from one account
Direct debit date: 2 working days after purchase.
Management: Online or app
Sole/joint: Can be opened in sole or joint names
Remarks: Have been known to offer £10 cashback through Topcashback (NLA) so if you do plan to go for this DD it may be worth waiting for a sign up offer to emerge. You can link two accounts to Currensea but direct debits can only be taken from one active account.
Direct debit: £1 minimum
Multiple monthly DDs: Yes
Direct debit date: Your choice
Management: Online or app
Sole/joint: Can be set up on sole accounts, it is unclear if DDs on joint accounts are permitted. I shall update this thread once I have further information.
Remarks: You may link multiple accounts to HMRC and set up one off DDs too.
Direct debit: Varies depending on voucher choice
Multiple monthly DDs: TBC
Direct debit date: TBC
Management: Online
Sole/joint: TBC
Remarks: Currently offer a £10 refer a friend offer. Do NOT use this thread to request/exchange referral links.
Some lotteries (DYOR)
Direct debit: £5 minimum
Multiple DDs: No
Direct Debit Date: 10th of the month
Management: Online
Sole/joint: Can be set up on sole accounts, it is unclear if DDs on joint accounts are permitted. I shall update this thread once I have further information.
Remarks: Can be used to repay some of your student loan early, but it is worth checking your individual circumstances before setting this one up as for many there is little or no benefit for doing this.
Paypal
6 -
Savings accounts that let you pay in by debit card:
Cambridge BS:
Accounts: Any online/branch account
Debit card deposit amount: £1 minimum
Remarks: Deposits may be made made in branch or online
Interest rate: 4.01% AER variable
Debit card deposit amount: £1 minimum
Account opening: App
Management: App
Remarks: Currently offer a refer a friend offer in which the referrer and referee will receive a 0.26% bonus on the account (taking it to 4.27%) for 12 months. They have previously offered cash bonuses too. Chip have also previously offered a prize draw in which one person received a bonus equal to their September deposits above the total balance of their account on 1/9/23 (min £1, max £85k). Also offer between £10-£50 for opening an account via top cashback.
Darlington BS:
Accounts: All accounts
Debit card deposit amount: £1 minimum
Remarks: Deposits can be made online or in branch.
Dudley BS:
Accounts: All accounts
Debit card deposit amount: £10 minimum for online deposits. No stated minimum for phone/branch deposits.
Remarks: Deposits can be made online, in branch or by phone.
Family BS
Accounts: Any that can be opened/managed online.
Debit card deposit amount: £1 minimum
Remarks: n/a
Hanley Economic BS:
Accounts: All accounts
Debit card deposit amount: 1p minimum. Maximum deposit of £10k by phone, £20k in branch.
Remarks: Can make deposits in branch, over the phone or using online banking (online accounts only).
Leeds BS:
Accounts: Any that can be opened/managed online or in branch.
Debit card deposit amount: £1 minimum
Remarks: Additional deposits to savings accounts can be made in branch only. Debit card deposits can be made online for initial deposits only.
Accounts: Any that can be opened online via active savings.
Debit card deposit amount: £1 minimum
Remarks: n/a
Mansfield BS:
Accounts: Any account that can be managed in branch.
Debit card deposit amount: No stated minimum
Remarks: Debit card deposits can be made in branch only. Currently offer a Loyalty rewards scheme in which both you and the person you are referring will get a £10 love2shop voucher if the person you refer opens a savings account and £100 if they take out and complete a mortgage with them. There is a form which can be filled out by the referrer including their name & account number and the referee's name & account number to be able to get the reward, which can be obtained in branch or by requesting they post a form out to you. In practice I've found this isn't necessary if the person being referred includes a note with their application form saying that they're being referred and including the referrer's full name and account number. Note do NOT use this thread to request/exchange referral links/personal details.
M&S Cash ISA (variable rate option):
Interest rate: 2.8% AER (variable)
Debit card amount: £1 minimum
Account opening: By post, telephone or online
Management: By post or telephone
Remarks: ISA is not flexible. Deposits can be made online or by telephone. Debit card deposits are processed manually and online deposits may take up to 5 working days to be debited from your debit card (my £1 test deposit was debited from my current account the next day though). Each deposit will result in you being sent a paper certificate of deposit, a copy of the summary boxes for both the fixed and variable rate ISA options and a FSCS sheet so unless you wish to receive rather a lot of post, M&S isn't very good to use for lots of small repetitive debit card deposits IMHO.
Marsden BS:
Accounts: Any that can be managed in branch or online
Debit card deposit amount: No stated minimum, maximum of £1k
Remarks: n/a
Monmouthshire BS:
Accounts: Any account that can be managed in branch.
Debit card deposit amount: No stated minimum
Remarks: Debit card deposits can not be made online. They are currently doing a competition where those who fill in a form on their website can win £250.
Newcastle BS (branch only):
Accounts: Any that can be opened/managed in branch
Debit card deposit amount: No stated minimum
Remarks: n/a
Interest rate: 4% AER variable (3.75% from 20/11/24)
Debit card deposit amount: £1 minimum
Account opening: Online
Management: Online or by phone
Remarks: Can also buy premium bonds with debit card (£25 minimum, whole pounds only).
Penrith BS:
Accounts: Any account
Debit card deposit amount: £10+
Remarks: Debit card deposits can not be made online.
Post office Easy Access Cash ISA:
Interest rate: 3.65% AER variable (includes fixed 2.2% bonus for 12 months)
Debit card deposit amount: £1 minimum
Account opening: By post or branch
Management: By post or branch or telephone
Remarks: Account is not flexible, debit card deposits may be made in branch or by telephone only. Minimum initial deposit is £100.
Post Office Easy Access Online Cash ISA Issue 43:
Interest rate: 4.3% AER variable (includes 2.85% fixed bonus for 12 months)
Debit card deposit amount: £10 minimum
Account opening: Online
Management: Online
Remarks: Account is not flexible, debit card deposits can be made online only. Minimum initial deposit is £100. You can also pay into their fixed rate cash ISA by debit card.
Progressive BS:
Accounts: Specific accounts only, see individual product Ts&Cs (DYOR).
Debit card deposit amount: No stated minimum
Remarks: Deposits can be made online or in branch. Accounts are currently only available to existing customers and new customers living in Northern Ireland.
Skipton BS:
Accounts: Any online/app account
Debit card deposit amount: £1 minimum
Remarks: Deposits may be made made online or by app. Have been known to get a tad irritated by overly frequent use of their debit card facility so it may be worth going easy on this one.
Stafford Railway BS:
Accounts: Most accounts (check individual Ts&Cs).
Debit card deposit amount: No stated minimum.
Remarks: Deposits may be made in branch or over the phone. Rather annoyingly their regular saver can not be funded by debit card.
Virgin Money (initial deposit only):
Accounts: Most savings account that can be opened online (DYOR)
Debit card deposit amount: £100 minimum
Remarks: Deposits can only be made online.
YBS:
Accounts: Any account that can be viewed online
Debit card deposit amount: £1 minimum
Remarks: Deposits can only be made online.
.
14 -
Investment accounts that let you pay in by debit card:
Debit card deposit amount: £100 minimum
Account opening: Online
Management: Online
Remarks: Have been known to offer a 2% cashback offer (NLA) if you transfer a GIA, ISA or JISA to them. Currently pays 3.2% on uninvested cash.
Debit card deposit amount: £10 minimum
Account opening: App
Management: App
Remarks: Money can be held as cash so doesn't need to be invested. They currently pay 2.02% AER (paid monthly) for any uninvested funds. Have been known to offer a sign up offer (NLA) in which you get £50 for depositing £50 for 90 days so if you are thinking of using this it may be worth waiting for a sign up offer to appear first.
Debit card amount: £1 minimum, £99,999.99 maximum
Account opening: Online
Management: Online or app
Remarks: Can make debit card deposits their trading account, S&S ISA, JISA and SIPP. Comes with monthly fee of £4.99+ (depending on which plan you have) to have these accounts so probably best not to open this account solely for the debit card deposits. All debit card deposits must come from the same nominated account irrespective of how many trading accounts you open and you can only change your registered debit card once every 30 days.
Debit card deposit amount: £1 minimum
Account opening: Online
Management: Online
Remarks: Can pay into their investment account or the Trading 212 card using a debit card. Often offer a refer-a-friend offer in which you get a free share valued between £10 and £100 for depositing £1 or more so if you are thinking of using this it may be worth waiting until you know someone who can refer you. Note do NOT use this thread to request/exchange referral links. Money can be held as cash do doesn't need to be invested. Currently their card offers 1.5% cashback on payments made on the card (up until 1st November, then 0.5% thereafter). Currently up to £2k of debit card deposits can be made without a fee, after that a 0.7% fee is imposed.
Initial deposit: £500
Debit card deposit amount: 1p minimum
Account opening: Online
Management: Online
Remarks: Money can be held as cash do doesn't need to be invested. There have been reports of people not needing to make a £500 initial deposit.
Initial deposit: £50
Debit card deposit amount: £50 minimum
Account opening: Online or app
Management: Online or app
Remarks: n/a
Miscellaneous accounts that let you pay in by debit card:
Debit card deposit amount: £10 minimum, £3k maximum per month. There is a limit of 2 top ups per day, 5 per week and 10 per month.
Account opening: App
Management: App
Remarks: Currently charge a 1% fee on debit card deposits. Currently offer a refer a friend offer. Do NOT use this thread to exchange/request referral links. You can link up to 3 debit cards in your name to Monese at any one time.
Debit card deposit amount: Max £500 per deposit, £1k per month.
Account opening: App
Management: App
Remarks: Monthly payment limits are not based on a calendar month, i.e. if you made £1k's worth of deposits on 10th, you would be unable to make further deposits until 10th of the following month. Currently offer a £5 refer a friend offer so if you are thinking of using this it may be worth waiting until you know someone who can refer you. Do NOT use this thread to request/exchange referral links. You can pay yourself through the following link:
Monzo.me/**USER**
Debit card deposit amount: £10+
Account opening: App
Management: App
Remarks: Have been known to offer refer-a-friend offers so if you are thinking of using this it may be worth waiting until you know someone who can refer you. Note so NOT use this thread to request/exchange referral links. Have been known to get a tad irritated by overly frequent use of their debit card facility so it may be worth going easy on this one.
Debit card deposit amount: £1 minimum
Account opening: App
Management: App
Remarks: Starling have a refer a friend offer (free National Trust pass). Do NOT use this thread to exchange/request referral links. You may only make £250 worth of debit card payments per day to each person. You can pay yourself though by editing the following link:
https://settleup.starlingbank.com/**USER**/pay
Debit card deposit amount: £10-£5k
Max number of debit card deposits: 3 per day, 15 per month
Account opening: App
Management: App
Remarks: Currently have a refer a friend offer in which both you and your friend will receive £30 if your friend signs up and spends £5+ on the card. Do NOT use this forum to exchange/request referral links. Deposits made into Zing by debit card can be withdrawn immediately after deposit.
Debit card deposit amount: £5 minimum
Remarks: One off debit card deposits can be made as often as you like online. You may also set up monthly recurring card payments of £5 minimum. Can be used to repay some of your student loan early but it is worth checking your individual circumstances before setting this one up as for many there is little or no benefit for doing this.
7 -
Reserved for future use.
4 -
Reserved for future use.4
-
I seem to remember the minimum DD for Charity Bank being £10, although to be honest I've just searched for it in their assorted terms and cannot find any mention of a minimum, it doesn't say a minimum on their DD form either.
Despite that I can say I've been happily depositing only £10 a month via DD to the 33 day notice account for some time, maybe it could be set for a smaller amount but as it's a savings account I'm happy to leave it at that.
Charity bank direct debit date is fixed at 10th of the month. From the DD form:
Charity Bank offers a claim date of the 10th of each month only. If you require a different date, please set up a standing order from your nominated account
https://ca1-chr.edcdn.com/files/DIRECT-DEBIT-MANDATE-v240522-FINAL.pdf
Just a heads up to anyone thinking of using Scottish Widows Internet Saver.
Whilst it is a DD to a savings account and will work for rewards/etc, it is painfully slow to set up and about as basic online functionality as you can get. Think of this as a long term direct debit on an account you're not going to change.
Oh, and thanks a lot @Bridlington1 for taking this on, the old one was now somewhat out of date.
Good to see the addition of debit card deposits to the list too.3 -
Thanks for this, will be very useful.
Can you add Family Building Society to your list of Savings Accounts that let you pay in by debit card. I've found them to be useful for spreading debit card deposits around rather than just using Skipton and potentially annoying them.3 -
kaMelo said:I seem to remember the minimum DD for Charity Bank being £10, although to be honest I've just searched for it in their assorted terms and cannot find any mention of a minimum, it doesn't say a minimum on their DD form either.
Despite that I can say I've been happily depositing only £10 a month via DD to the 33 day notice account for some time, maybe it could be set for a smaller amount but as it's a savings account I'm happy to leave it at that.
Charity bank direct debit date is fixed at 10th of the month. From the DD form:
Charity Bank offers a claim date of the 10th of each month only. If you require a different date, please set up a standing order from your nominated account
https://ca1-chr.edcdn.com/files/DIRECT-DEBIT-MANDATE-v240522-FINAL.pdfOver62 said:Can you add Family Building Society to your list of Savings Accounts that let you pay in by debit card. I've found them to be useful for spreading debit card deposits around rather than just using Skipton and potentially annoying them.0
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