The Top Regular Savers Discussion Thread

RG2015

Virgin Money RS Closure again.

I have just received a very curious email from Virgin Money. I will post in full just to share the bizarre content.

From hellob@cygb.com

Good morning RG2015,

We recently received an online request to close your savings account, unfortunately we are unable to action this request at the moment due to the account having a credit balance.

Please transfer all the money in your account to bring the balance to 0.

Once the funds have been removed you can request the closure in store, in writing or over the phone.

Kind Regards

Virgin Money Admin Team

Even if I transferred the balance, there would still be the £26 interest to transfer. And why else would they ask for an account to transfer the balance to?

PS I only had a nominal amount left in the account, not the full £3,138.32

ForumUser7

RG2015 said:

Virgin Money RS Closure again.

I have just received a very curious email from Virgin Money. I will post in full just to share the bizarre content.

From hellob@cygb.com

Good morning RG2015,

We recently received an online request to close your savings account, unfortunately we are unable to action this request at the moment due to the account having a credit balance.

Please transfer all the money in your account to bring the balance to 0.

Once the funds have been removed you can request the closure in store, in writing or over the phone.

Kind Regards

[AGENT NAME REMOVED]

Virgin Money Admin Team

Even if I transferred the balance, there would still be the £26 interest to transfer. And why else would they ask for an account to transfer the balance to?

Looks to be a duplicate post - I’ve replied here https://forums.moneysavingexpert.com/discussion/comment/81587376/#Comment_81587376

Ch1ll1Phlakes

s71hj said:

Malchester said:

Bridlington1 said:

Bobblehat said:

Bridlington1 said:

castle96 said:

But not bigger than mine - SO THERE!!!

Now don't, it's wicked to mock the afflicted.

The Colonel has noticed things are getting a bit too silly ..... Monty Python

Well nobody likes a good laugh more than I do. Well except my wife and some of her friends. And Captain Johnson. Come to think of it most people like a good laugh more than I do, but that's beside the point.

Sorry.... and now for something completely different.......

Sorry, this to much. Spam, spam, spam, spam

I'm currently doing about 200 to 300 £1.01 debit card transactions per week from RBS/Natwest into my Skipton savings account to get regular saver round ups. So my question is, should I be expecting the Skipton Building Society inquisition any day soon? 

1. As someone else has mentioned Skipton may contact you about this. Though I note @gt94sss2 mention direct debits and you said debit card payments.

2. If you're using the RBS/Natwest roundups feature, just as a heads up in case you hadn't noticed you can add a multiplier to your roundups to speed up this process. Though again you are gaming the system slightly, but maybe by using the multiplier you can reduce the number of debit card transactions to more manageable levels. a nice £4.95 going in per payment instead of 99p might be useful.

s71hj

Ch1ll1Phlakes said:

s71hj said:

Malchester said:

Bridlington1 said:

Bobblehat said:

Bridlington1 said:

castle96 said:

But not bigger than mine - SO THERE!!!

Now don't, it's wicked to mock the afflicted.

The Colonel has noticed things are getting a bit too silly ..... Monty Python

Well nobody likes a good laugh more than I do. Well except my wife and some of her friends. And Captain Johnson. Come to think of it most people like a good laugh more than I do, but that's beside the point.

Sorry.... and now for something completely different.......

Sorry, this to much. Spam, spam, spam, spam

I'm currently doing about 200 to 300 £1.01 debit card transactions per week from RBS/Natwest into my Skipton savings account to get regular saver round ups. So my question is, should I be expecting the Skipton Building Society inquisition any day soon? 

1. As someone else has mentioned Skipton may contact you about this. Though I note @gt94sss2 mention direct debits and you said debit card payments.

2. If you're using the RBS/Natwest roundups feature, just as a heads up in case you hadn't noticed you can add a multiplier to your roundups to speed up this process. Though again you are gaming the system slightly, but maybe by using the multiplier you can reduce the number of debit card transactions to more manageable levels. a nice £4.95 going in per payment instead of 99p might be useful.

Yes, I have the multiplier on, but worthwhile to have drawn attention to it. I can't help but feel gaming the system is a bit of a mute point on this forum. Institutions have every opportunity to create terms and conditions that prevent any particular approach to their offers. I tend to think that money is made FROM "typical cuatomers" and all we can do is avoid being typical customers with the aim of being the ones to make the money FROM the institutions. 

Ch1ll1Phlakes

s71hj said:

Ch1ll1Phlakes said:

s71hj said:

Malchester said:

Bridlington1 said:

Bobblehat said:

Bridlington1 said:

castle96 said:

But not bigger than mine - SO THERE!!!

Now don't, it's wicked to mock the afflicted.

The Colonel has noticed things are getting a bit too silly ..... Monty Python

Well nobody likes a good laugh more than I do. Well except my wife and some of her friends. And Captain Johnson. Come to think of it most people like a good laugh more than I do, but that's beside the point.

Sorry.... and now for something completely different.......

Sorry, this to much. Spam, spam, spam, spam

I'm currently doing about 200 to 300 £1.01 debit card transactions per week from RBS/Natwest into my Skipton savings account to get regular saver round ups. So my question is, should I be expecting the Skipton Building Society inquisition any day soon? 

1. As someone else has mentioned Skipton may contact you about this. Though I note @gt94sss2 mention direct debits and you said debit card payments.

2. If you're using the RBS/Natwest roundups feature, just as a heads up in case you hadn't noticed you can add a multiplier to your roundups to speed up this process. Though again you are gaming the system slightly, but maybe by using the multiplier you can reduce the number of debit card transactions to more manageable levels. a nice £4.95 going in per payment instead of 99p might be useful.

Yes, I have the multiplier on, but worthwhile to have drawn attention to it. I can't help but feel gaming the system is a bit of a mute point on this forum. Institutions have every opportunity to create terms and conditions that prevent any particular approach to their offers. I tend to think that money is made FROM "typical customers" and all we can do is avoid being typical customers with the aim of being the ones to make the money FROM the institutions. 

That's a fair comment.

gt94sss2

Ch1ll1Phlakes said:

s71hj said:

Malchester said:

Bridlington1 said:

Bobblehat said:

Bridlington1 said:

castle96 said:

But not bigger than mine - SO THERE!!!

Now don't, it's wicked to mock the afflicted.

The Colonel has noticed things are getting a bit too silly ..... Monty Python

Well nobody likes a good laugh more than I do. Well except my wife and some of her friends. And Captain Johnson. Come to think of it most people like a good laugh more than I do, but that's beside the point.

Sorry.... and now for something completely different.......

Sorry, this to much. Spam, spam, spam, spam

I'm currently doing about 200 to 300 £1.01 debit card transactions per week from RBS/Natwest into my Skipton savings account to get regular saver round ups. So my question is, should I be expecting the Skipton Building Society inquisition any day soon? 

1. As someone else has mentioned Skipton may contact you about this. Though I note @gt94sss2 mention direct debits and you said debit card payments.

A typo (now corrected), I did indeed mean debit card payments.

Middle_of_the_Road

s71hj said:

Ch1ll1Phlakes said:

s71hj said:

Malchester said:

Bridlington1 said:

Bobblehat said:

Bridlington1 said:

castle96 said:

But not bigger than mine - SO THERE!!!

Now don't, it's wicked to mock the afflicted.

The Colonel has noticed things are getting a bit too silly ..... Monty Python

Well nobody likes a good laugh more than I do. Well except my wife and some of her friends. And Captain Johnson. Come to think of it most people like a good laugh more than I do, but that's beside the point.

Sorry.... and now for something completely different.......

Sorry, this to much. Spam, spam, spam, spam

I'm currently doing about 200 to 300 £1.01 debit card transactions per week from RBS/Natwest into my Skipton savings account to get regular saver round ups. So my question is, should I be expecting the Skipton Building Society inquisition any day soon? 

1. As someone else has mentioned Skipton may contact you about this. Though I note @gt94sss2 mention direct debits and you said debit card payments.

2. If you're using the RBS/Natwest roundups feature, just as a heads up in case you hadn't noticed you can add a multiplier to your roundups to speed up this process. Though again you are gaming the system slightly, but maybe by using the multiplier you can reduce the number of debit card transactions to more manageable levels. a nice £4.95 going in per payment instead of 99p might be useful.

Yes, I have the multiplier on, but worthwhile to have drawn attention to it. I can't help but feel gaming the system is a bit of a mute point on this forum. Institutions have every opportunity to create terms and conditions that prevent any particular approach to their offers. I tend to think that money is made FROM "typical cuatomers" and all we can do is avoid being typical customers with the aim of being the ones to make the money FROM the institutions. 

The lengths some go to leaves me temporarily speechless.

s71hj

Middle_of_the_Road said:

s71hj said:

Ch1ll1Phlakes said:

s71hj said:

Malchester said:

Bridlington1 said:

Bobblehat said:

Bridlington1 said:

castle96 said:

But not bigger than mine - SO THERE!!!

Now don't, it's wicked to mock the afflicted.

The Colonel has noticed things are getting a bit too silly ..... Monty Python

Well nobody likes a good laugh more than I do. Well except my wife and some of her friends. And Captain Johnson. Come to think of it most people like a good laugh more than I do, but that's beside the point.

Sorry.... and now for something completely different.......

Sorry, this to much. Spam, spam, spam, spam

I'm currently doing about 200 to 300 £1.01 debit card transactions per week from RBS/Natwest into my Skipton savings account to get regular saver round ups. So my question is, should I be expecting the Skipton Building Society inquisition any day soon? 

1. As someone else has mentioned Skipton may contact you about this. Though I note @gt94sss2 mention direct debits and you said debit card payments.

2. If you're using the RBS/Natwest roundups feature, just as a heads up in case you hadn't noticed you can add a multiplier to your roundups to speed up this process. Though again you are gaming the system slightly, but maybe by using the multiplier you can reduce the number of debit card transactions to more manageable levels. a nice £4.95 going in per payment instead of 99p might be useful.

Yes, I have the multiplier on, but worthwhile to have drawn attention to it. I can't help but feel gaming the system is a bit of a mute point on this forum. Institutions have every opportunity to create terms and conditions that prevent any particular approach to their offers. I tend to think that money is made FROM "typical cuatomers" and all we can do is avoid being typical customers with the aim of being the ones to make the money FROM the institutions. 

The lengths some go to leaves me temporarily speechless.

Each transaction takes literally seconds and is something I can do whilst watching telly or being driven in the car somewhere and the money will then sit in an account that I'm reasonably confident will be a market leading account rate wise for some years going forward. 

friolento

s71hj said:

Middle_of_the_Road said:

s71hj said:

Ch1ll1Phlakes said:

s71hj said:

Malchester said:

Bridlington1 said:

Bobblehat said:

Bridlington1 said:

castle96 said:

But not bigger than mine - SO THERE!!!

Now don't, it's wicked to mock the afflicted.

The Colonel has noticed things are getting a bit too silly ..... Monty Python

Well nobody likes a good laugh more than I do. Well except my wife and some of her friends. And Captain Johnson. Come to think of it most people like a good laugh more than I do, but that's beside the point.

Sorry.... and now for something completely different.......

Sorry, this to much. Spam, spam, spam, spam

I'm currently doing about 200 to 300 £1.01 debit card transactions per week from RBS/Natwest into my Skipton savings account to get regular saver round ups. So my question is, should I be expecting the Skipton Building Society inquisition any day soon? 

1. As someone else has mentioned Skipton may contact you about this. Though I note @gt94sss2 mention direct debits and you said debit card payments.

2. If you're using the RBS/Natwest roundups feature, just as a heads up in case you hadn't noticed you can add a multiplier to your roundups to speed up this process. Though again you are gaming the system slightly, but maybe by using the multiplier you can reduce the number of debit card transactions to more manageable levels. a nice £4.95 going in per payment instead of 99p might be useful.

Yes, I have the multiplier on, but worthwhile to have drawn attention to it. I can't help but feel gaming the system is a bit of a mute point on this forum. Institutions have every opportunity to create terms and conditions that prevent any particular approach to their offers. I tend to think that money is made FROM "typical cuatomers" and all we can do is avoid being typical customers with the aim of being the ones to make the money FROM the institutions. 

The lengths some go to leaves me temporarily speechless.

Each transaction takes literally seconds and is something I can do whilst watching telly or being driven in the car somewhere and the money will then sit in an account that I'm reasonably confident will be a market leading account rate wise for some years going forward. 

I wish I could share your confidence that the Natwest/RBS Digital Savers will have a market leading rate for some years going forward. As the holder of two full ones of these accounts, I would naturally be delighted if you were right but I am ready to move my funds at a moment’s notice if necessary.

shirley999

It is tedious loading the NatWest RS up to £5k using roundup x5, but only took me a couple of months (not from scratch), making daily single debit card payment per account for credit cards, skipton, ybs, energy bill, sumup.  I found Halifax CC limit the number of times you can do this in a month, none of the others did.  Tesco CC didn’t allow the same amount to be paid across the weekend so I would pay an extra 1p or an extra £1 Saturday and Sunday.  Also paying in stores that allow it majority by gift card and pennies by debit card, ie Sainsbury’s, Morrisons.  No complaints received.  I did frequently have to approve transactions in the NatWest app.