Do any savings accounts allow deposits via debit card or Apple Pay?

sturgeon

YBS, Skipton, NS&I allow debit card payments and chip allows Apple Pay. Can you please share any more you’re aware of which accept debit card deposits or Apple Pay? Thanks in advance. 

Bigwheels1111

WHY ?.
You loose 2/3 days interest while the debit card payment clears.

surreysaver

Because some current accounts require so many or so much to be spent via debit card to obtain rewards 

wiseonesomeofthetime

Bigwheels1111 said:

WHY ?.
You loose 2/3 days interest while the debit card payment clears.

Well I do exactly this for the Halifax Rewards.

£500 at 5.2% would earn c.£2.60 pa, so about 22p pm

Do one debit card transaction a month and, subsequently, lose about 22p worth of interest, using 12*2/3 days, and gain £60 pa per account/reward.

Seems like good practise to me 🤷‍♂️

I do it twice, once for each account, so lose about 44p of interest, in return for £120pa.

Update: Just did a search of the forum, as have seen similar question asked many times here over recent years, and apparently many threads have been removed as spam as some forumites do not like this information being shared, for fear of banks and building societies removing the facility so as to avoid it being exploited. This thread may go the same way then, eventually.

trickydicky14

Bigwheels1111 said:

WHY ?.
You loose 2/3 days interest while the debit card payment clears.

You need to look at the bigger picture, lots of folks are always looking for ways to make debit card payments, for example I’m attempting to make lots to fulfil TSB’s requirement so I can get extra cash back for six months. Look back through the forums and you will find lots of people asking for ways to use debit cards.

And yes I also use my debit card for Halifax rewards, makes me £15 a month.

grumbler

wiseonesomeofthetime said:

Bigwheels1111 said:

WHY ?.
You loose 2/3 days interest while the debit card payment clears.

£500 at 5.2% would earn c.£2.60 pa,

Sure?

wiseonesomeofthetime said:

Update: ... apparently many threads have been removed as spam as some forumites do not like this information being shared, for fear of banks and building societies removing the facility so as to avoid it being exploited.

Is this a fact?

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

Stargunner

Family BS accept deposits by debit card and uou can also withdraw the money the same day.

wiseonesomeofthetime

grumbler said:

wiseonesomeofthetime said:

Bigwheels1111 said:

WHY ?.
You loose 2/3 days interest while the debit card payment clears.

£500 at 5.2% would earn c.£2.60 pa,

Sure?

wiseonesomeofthetime said:

Update: ... apparently many threads have been removed as spam as some forumites do not like this information being shared, for fear of banks and building societies removing the facility so as to avoid it being exploited.

Is this a fact?

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

It's based on several posts within existing threads I perused following a search.

So anecdotal, not necessarily fact 👍

And no. Shouldn't have done early morning maths 🤣 Multiply by 10 🤦‍♂️

Nardy

sturgeon said:

YBS, Skipton, NS&I allow debit card payments and chip allows Apple Pay. Can you please share any more you’re aware of which accept debit card deposits or Apple Pay? Thanks in advance. 

Why would any BS or other such organisations not allow it? How would they benefit?

LHW99

I think Close Bros allows debit cards. They certainly did for a fixed cash ISA I opened

Vortigern

Nardy said:

Why would any BS or other such organisations not allow it? How would they benefit?

I suppose most building societies would accept deposits by debit card over the counter in their branches, but I suspect the OP, like many of us, wants to make online payments.