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Savings/investment DDs and debit card deposits- An updated list

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  • flaneurs_lobster
    flaneurs_lobster Posts: 4,471 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    Thanks for this @Bridlington1

    I suspect that a list of all charities that accept donations by DD would be pretty much most charities but fwiw I have DD's for a couple of quid paying

    The Trussell Trust
    British Red Cross
    RNLI

  • PRAISETHESUN
    PRAISETHESUN Posts: 4,136 Forumite
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    Good thread thanks :) There's also Revolut which allows top ups by debit card, although they have horrible customer service and I have seen a few threads in the past where people have had big issues trying to get their money out after using them. Caveat emptor!
  • Bridlington1
    Bridlington1 Posts: 2,976 Forumite
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    Good thread thanks :) There's also Revolut which allows top ups by debit card, although they have horrible customer service and I have seen a few threads in the past where people have had big issues trying to get their money out after using them. Caveat emptor!
    Thanks for the information, this has now been added to the list.
  • Hattie627
    Hattie627 Posts: 194 Forumite
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    edited 12 May 2023 at 9:48AM
    Miscellaneous accounts that let you pay in by debit card:- If you have an Amazon account online, you get an online gift card account which you can manually top up by debit card (minimum £1) as often as you like. You can also set up an automatic debit card top up of as little as £1, which can be taken daily (or less often, as you choose). This is useful if you need to clock up a certain amount of individual debit card transactions in a month. The gift card balance can be used for Amazon purchases made on your account.
  • redux
    redux Posts: 22,976 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Most investment platforms and credit cards accept one or both methods

    One investment platform I'm on, with a SIPP pension and ISA there, allows payments into a separate cash account aside from SIPP or ISA contributions, and the monthly charge can be taken from that rather than rely on the change from reinvestment of dividends and maybe occasional single share sales, so I sometimes add a couple of quid.
  • Katiehound
    Katiehound Posts: 7,826 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 12 May 2023 at 10:56AM
    Other charities that accept £2 pm DDs are:
    Water Aid
    Christian Aid
    RSPCA
    AgeUK

    Dogs Trust- minimum £4

    and if you pay tax please remember to add Gift Aid
    Being polite and pleasant doesn't cost anything! --
    Many thanks
    -Stash bust:in 2022:337
    Stash bust :2023. 120duvets, 24 bags, 43 dog coats, 2 scrunchies, 10 mitts, 6 bootees, 8spec. cases, 2 A6 notebooks, 59 cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82

    2024:37Doggy duvets,30pyramids, 6 hottie covers, 4 knit hats,37crochet angels,10bags,10 mitts,6 spec cases 160cards=300 £128 spent!!!
  • ircE
    ircE Posts: 219 Forumite
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    edited 21 May 2023 at 12:31PM
    Thank you for making this post!
    My small contribution: 
    Cruse, a charity which offers support to the bereaved, takes DDs from £1 and they set mine up within 1 week.
    As per usual - please donate more if you can, cover the processing payments if you can, add Gift Aid if you can, etc...
    There are usually various offers that are easily findable with a quick search for newspaper/magazine subscriptions, including cashback offers, for people who want to do something different. Though some of these can be difficult to cancel!
    I remember other forumites have also mentioned lottery subscriptions which might be fun, though I have no idea about that kind of thing...
    Anyone mind explaining why the saving/investment accounts taking payments by debit card are so notable?

    Edit: removed charities that I thought took £1 DDs but do not.
  • ForumUser7
    ForumUser7 Posts: 2,247 Forumite
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    edited 14 May 2023 at 12:21PM
    ircE said:
    Anyone mind explaining why the saving/investment accounts taking payments by debit card are so notable?
    Halifax Rewards Account has an option to spend £500 each month on debit card (and stay in credit and pay in £1500) to get £5 credit each month
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • datz
    datz Posts: 165 Forumite
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    edited 14 May 2023 at 2:48PM

    Vanguard:

    Initial deposit: £500

    Direct debit amount: Unknown

    Multiple monthly DDs: Unknown

    Direct debit date: Unknown

    Account opening: Online

    Management: Online

    Remarks: n/a

    It's been a little while since I took advantage of them, but from memory...
    • £500 initial deposit is not necessary - you can side-step that and open an account with zero - use the regular deposit option to open and then cancel that regular deposit (aka direct debit) once opened.
    • Minimum direct debit amount can be set at £0.01 (this is the same minimum for debit card payments)
    • You can avoid investing and just buy the "cash" option - it will just sit as uninvested cash in your account.
    • You can only link one nominated account, so only one direct debit mandate, but you can set up multiple payment plans under it.
    • Iirc, vanguard will bundle any direct debits due on the same day together (also applies if any payments are delayed by non-working days), so space them out sufficiently (i'm sure someone will confirm if this is still the case)


  • datz
    datz Posts: 165 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    edited 14 May 2023 at 3:10PM

    Miscelanious DDs:


    Charities (please be nice)

    Credit cards

    Credit unions

    Paypal


    I had mentioned this in the old thread, but using HMRC for direct debits has advantages (for example, via self assessment).
    • You can set up an unlimited number of direct debit mandates.
    • You can set them up with an unlimited number of current accounts.
    • You can customize the payment plans under each direct debit mandate (one-off / regular).
    • Once a DD mandate has been set up, you can then delete the payment plan(s) under it and just leave an empty direct debit mandate sitting on your account (but remember that inactive mandates eventually get removed).
    • The minimum payment amount if £1
    If you are someone that has to pay tax, for example via self assessment, then this is an easy way of meeting all direct debit requirements. Also worth noting that the vast majority (I won't risk saying all) of switching incentives require an active direct debit mandate - pulling a payment through the mandate is not necessary, so the empty mandate option above works well (I most recently used it with the TSB switch and stay offer).

    This, of course, assumes you can tolerate the terrible experience that using HMRC's website is...

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