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

drphila

Not a savings account, but single or multiple 50p/£1 DDs (or any custom amount £2+) available here:

https://scrimpr.co.uk/beermoneyuk-cheap-direct-debit-for-bank-switch/

crumpet_man

drphila said:

Not a savings account, but single or multiple 50p/£1 DDs (or any custom amount £2+) available here:

https://scrimpr.co.uk/beermoneyuk-cheap-direct-debit-for-bank-switch/

Save your pennies and use this one:

https://www.30pence.co.uk/

HillStreetBlues

With the N&I DS  has anyone had issues withdrawing  soon after topping up via debt card?

Bridlington1

HillStreetBlues said:

With the N&I DS  has anyone had issues withdrawing  soon after topping up via debt card?

It takes payments 7 working days to clear IIRC so there may be a delay in funds being available to withdraw.

friolento

Bridlington1 said:

HillStreetBlues said:

With the N&I DS  has anyone had issues withdrawing  soon after topping up via debt card?

It takes payments 7 working days to clear IIRC so there may be a delay in funds being available to withdraw.

7 calendar days in my experience. You can put your withdrawal request in after around 22:30 on day 6, and receive your money on day 7, usually early afternoon, except if day 7 falls on a non-working day.

Bridlington1

friolento said:

Bridlington1 said:

HillStreetBlues said:

With the N&I DS  has anyone had issues withdrawing  soon after topping up via debt card?

It takes payments 7 working days to clear IIRC so there may be a delay in funds being available to withdraw.

7 calendar days in my experience. You can put your withdrawal request in after around 22:30 on day 6, and receive your money on day 7, usually early afternoon, except if day 7 falls on a non-working day.

Yes apologies, typo on my part, now amended. I'm so used to typing 7 working days due to the CASS so was probably on autopilot.

Regardless though the point stands in that debit card payments into NS&I's Direct Saver take a while to become available to withdraw so the funds can't be withdrawn too soon after depositing by debit card.

HillStreetBlues

Thanks both, is there any issue using different DC to top up?

s71hj

Bridlington1 said:

friolento said:

Bridlington1 said:

HillStreetBlues said:

With the N&I DS  has anyone had issues withdrawing  soon after topping up via debt card?

It takes payments 7 working days to clear IIRC so there may be a delay in funds being available to withdraw.

7 calendar days in my experience. You can put your withdrawal request in after around 22:30 on day 6, and receive your money on day 7, usually early afternoon, except if day 7 falls on a non-working day.

Yes apologies, typo on my part, now amended. I'm so used to typing 7 working days due to the CASS so was probably on autopilot.

Regardless though the point stands in that debit card payments into NS&I's Direct Saver take a while to become available to withdraw so the funds can't be withdrawn too soon after depositing by debit card.

For this reason I've switched to always using Revolut 

friolento

HillStreetBlues said:

Thanks both, is there any issue using different DC to top up?

Any debit card in your name will do

ForumUser7

Bridlington1 said:

For those who still have a Scottish Widows account:

I've received a letter to say my Instant Saver 2 account is getting closed on or around 10/9/25. I've just spoken to them and they've said they are going to be closing all of their savings accounts. 

If you are using Scottish Widows as a source of DDs it may therefore be worth getting replacement DDs lined up for when the accounts are closed.

Scottish Widows Bank no longer offers savings products. This section contains information for existing customers.

This page may be helpful for anyone affected:
https://www.scottishwidows.co.uk/bank/savings.html