Zopa Current account

flaneurs_lobster

winkowinko said:

Besides Moneybox, is there any other way of paying yourself the cashback?

I don't have Moneybox, and I'm not sure I CBA to open one for the sake of £30. Are there any other simple alternatives?

Also, if I do decide to go down the Moneybox route, what type of account would I need. Would a Simple Saver suffice?

Yep, Moneybox Simple Saver will do it.

Only reason that MB is used here is the ability to request £1500 in a oner, there are other savings accounts that will accept deposits by DD, discussed here

https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1

but may not allow such a large amount as a one-off.

Or, of course, pay proper bills like utilities etc, just takes a little longer to max out the cashback.

winkowinko

flaneurs_lobster said:

winkowinko said:

Besides Moneybox, is there any other way of paying yourself the cashback?

I don't have Moneybox, and I'm not sure I CBA to open one for the sake of £30. Are there any other simple alternatives?

Also, if I do decide to go down the Moneybox route, what type of account would I need. Would a Simple Saver suffice?

Yep, Moneybox Simple Saver will do it.

Only reason that MB is used here is the ability to request £1500 in a oner, there are other savings accounts that will accept deposits by DD, discussed here

https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1

but may not allow such a large amount as a one-off.

Or, of course, pay proper bills like utilities etc, just takes a little longer to max out the cashback.

Cheers for that.

Also, did I read correctly in your previous post, that once the money is taken from Zopa by the direct debit, it can take another week for it to show in your Moneybox account? Is this kind of delay normal? I was (perhaps wrongly) assuming it would be fairly instant.

flaneurs_lobster

winkowinko said:

flaneurs_lobster said:

winkowinko said:

Besides Moneybox, is there any other way of paying yourself the cashback?

I don't have Moneybox, and I'm not sure I CBA to open one for the sake of £30. Are there any other simple alternatives?

Also, if I do decide to go down the Moneybox route, what type of account would I need. Would a Simple Saver suffice?

Yep, Moneybox Simple Saver will do it.

Only reason that MB is used here is the ability to request £1500 in a oner, there are other savings accounts that will accept deposits by DD, discussed here

https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1

but may not allow such a large amount as a one-off.

Or, of course, pay proper bills like utilities etc, just takes a little longer to max out the cashback.

Cheers for that.

Also, did I read correctly in your previous post, that once the money is taken from Zopa by the direct debit, it can take another week for it to show in your Moneybox account? Is this kind of delay normal? I was (perhaps wrongly) assuming it would be fairly instant.

Pretty similar from memory for this type of non-bank, auto-save provider (think Plum, Chip er, the other one).

It "shows" in Moneybox the next day, but it's not available to withdraw to somewhere more %%% for about 5 working days.

s71hj

Another query on this, can the Moneybox dd be set up in addition to other Moneybox dds as I use Moneybox for  my Natwest reward ones

flaneurs_lobster

s71hj said:

Another query on this, can the Moneybox dd be set up in addition to other Moneybox dds as I use Moneybox for  my Natwest reward ones

Don't think so, deposits/withdrawals (including by DD) all need to be via a single linked "proper" current account.

Just my reading round the app, might be best to check with them.

10_66

winkowinko said:

Besides Moneybox, is there any other way of paying yourself the cashback?

I don't have Moneybox, and I'm not sure I CBA to open one for the sake of £30. Are there any other simple alternatives?

Also, if I do decide to go down the Moneybox route, what type of account would I need. Would a Simple Saver suffice?

If you have a PayPal account you can use that for the DD.

flaneurs_lobster

10_66 said:

winkowinko said:

Besides Moneybox, is there any other way of paying yourself the cashback?

I don't have Moneybox, and I'm not sure I CBA to open one for the sake of £30. Are there any other simple alternatives?

Also, if I do decide to go down the Moneybox route, what type of account would I need. Would a Simple Saver suffice?

If you have a PayPal account you can use that for the DD.

That's useful, just set that up (JIC). Wish I'd known before beggaring about with Moneybox.

friolento

10_66 said:

winkowinko said:

Besides Moneybox, is there any other way of paying yourself the cashback?

I don't have Moneybox, and I'm not sure I CBA to open one for the sake of £30. Are there any other simple alternatives?

Also, if I do decide to go down the Moneybox route, what type of account would I need. Would a Simple Saver suffice?

If you have a PayPal account you can use that for the DD.

How do you get your money out of Paypal? Can you just withdraw it? I haven't used Paypal in years so am not familiar with it

s71hj

flaneurs_lobster said:

10_66 said:

winkowinko said:

Besides Moneybox, is there any other way of paying yourself the cashback?

I don't have Moneybox, and I'm not sure I CBA to open one for the sake of £30. Are there any other simple alternatives?

Also, if I do decide to go down the Moneybox route, what type of account would I need. Would a Simple Saver suffice?

If you have a PayPal account you can use that for the DD.

That's useful, just set that up (JIC). Wish I'd known before beggaring about with Moneybox.

How do you set dd up in PayPal? I thought I remembered it was easy but now I can't work it out!