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

arfster

ircE said:

Email from Zing today to indicate the debit card payment option will be withdrawn. However, Apple and Google Pay will remain options.

Debit card never worked for me anyway.

Speaking of which, google pay doesn't seem to either.

s71hj

arfster said:

ircE said:

Email from Zing today to indicate the debit card payment option will be withdrawn. However, Apple and Google Pay will remain options.

Debit card never worked for me anyway.

Speaking of which, google pay doesn't seem to either.

I can't even find the bit on their App menus where you can pay by debit card currently 

chris_o

Vanguard has just announced a shake-up of their fee structure. From 31/01/25 there will be a minimum fee of £4 a month. Which means that, unless you have a sizeable pot there anyway, they will be pretty useless for cheap DDs.

crumpet_man

chris_o said:

Vanguard has just announced a shake-up of their fee structure. From 31/01/25 there will be a minimum fee of £4 a month. Which means that, unless you have a sizeable pot there anyway, they will be pretty useless for cheap DDs.

There may be a workaround if you only have uninvested cash held there as there no charge for that.

s71hj

I'm really struggling to work out how to open a Wealthify GIA. I want to set up a 1 off direct debit for £1500 from my Zopa current account to secure the max £30 direct debit cashback Zopa offer but when I look at setting it up on Wealthify it looks like there is a fee for any money invested. Any advice or better ideas to achieve this gladly welcomed!

friolento

s71hj said:

I'm really struggling to work out how to open a Wealthify GIA. I want to set up a 1 off direct debit for £1500 from my Zopa current account to secure the max £30 direct debit cashback Zopa offer but when I look at setting it up on Wealthify it looks like there is a fee for any money invested. Any advice or better ideas to achieve this gladly welcomed!

All investment platforms usually have a charge.

If you want a free-of-charge DD, you are looking at things like the various savings accounts listed on page 1, credit card payments and utilities bills. You have an entire year to pay your £1,500 for the Zopa cashback

s71hj

friolento said:

s71hj said:

I'm really struggling to work out how to open a Wealthify GIA. I want to set up a 1 off direct debit for £1500 from my Zopa current account to secure the max £30 direct debit cashback Zopa offer but when I look at setting it up on Wealthify it looks like there is a fee for any money invested. Any advice or better ideas to achieve this gladly welcomed!

All investment platforms usually have a charge.

If you want a free-of-charge DD, you are looking at things like the various savings accounts listed on page 1, credit card payments and utilities bills. You have an entire year to pay your £1,500 for the Zopa cashback

That is fair enough I know. I just thought there was a way round it with the Wealthify GIA but I'm probably getting it mixed up with something else.

PRAISETHESUN

s71hj said:

friolento said:

s71hj said:

I'm really struggling to work out how to open a Wealthify GIA. I want to set up a 1 off direct debit for £1500 from my Zopa current account to secure the max £30 direct debit cashback Zopa offer but when I look at setting it up on Wealthify it looks like there is a fee for any money invested. Any advice or better ideas to achieve this gladly welcomed!

All investment platforms usually have a charge.

If you want a free-of-charge DD, you are looking at things like the various savings accounts listed on page 1, credit card payments and utilities bills. You have an entire year to pay your £1,500 for the Zopa cashback

That is fair enough I know. I just thought there was a way round it with the Wealthify GIA but I'm probably getting it mixed up with something else.

I've never used them myself, but I thought the trick was that you just keep the cash uninvested and then you don't get charged the investment fees?

winkowinko

Not sure if this is the best thread to ask this in, but when trying to satisfy the requirements of a switching incentive, do direct debits have to be recurring monthly ones, or could they also be annual? Or anywhere in between for that matter?

Bridlington1

winkowinko said:

Not sure if this is the best thread to ask this in, but when trying to satisfy the requirements of a switching incentive, do direct debits have to be recurring monthly ones, or could they also be annual? Or anywhere in between for that matter?

Always best to consult the Ts&Cs of the individual switching offer but generally an annual DD shall suffice so long as it's an ``active" DD.