Ecology Bank Regular Saver Question

harz99

Hi, is it possible when applying online to set up a direct debit as part of the process, or is it download a form complete and send back via post?...sorry to ask but I can't find the answer after searching.

TheMilkmansDad

you can set up a standing order from your nominated account. Took me about 2 minutes.

harz99

TheMilkmansDad said:

you can set up a standing order from your nominated account. Took me about 2 minutes.

Direct Debit...not SO

TheMilkmansDad

apologies, in that case, from their FAQ's

If you wish to set up a new Direct Debit, you'll need to print off our Direct Debit mandate and return a completed copy to Ecology. If you wish to amend the details of an existing Direct Debit (e.g. increase or decrease the amount, or suspend or cancel the payment), you can do so by sending us a secure message.

allegro120

harz99 said:

Hi, is it possible when applying online to set up a direct debit as part of the process, or is it download a form complete and send back via post?...sorry to ask but I can't find the answer after searching.

It was about 3 or 4 years ago when I opened it, can't remember exactly what the process was. If my memory doesn't fail me, I had to do bank transfer to open the account and then set up direct debit for consecutive deposits. It took very long time for direct debit to kick in. 

35har1old

TheMilkmansDad said:

you can set up a standing order from your nominated account. Took me about 2 minutes.

I assume he wants a direct debt

to qualify for a current account which requires having a direct debit as the regular saver has a poor rate of interest in the current climate