How do I set up direct debits into PayPal?

s71hj

PRAISETHESUN said:

@s71hj I'm not aware of any Ulster reward account, hence the clarification I requested. I'm very certain if one existed then the forums would know about it!

The 30pp DD is good for switching, but I still prefer options that don't actually cost money. Definately wouldn't use them for on-going requirements given it eats into your monthly rewards.

I linked the DD discussion thread earlier, which I believe you are aware of. Between a few Moneybox/Plum DDs, shuffling around household bill DDs (I've got small bills so the Santander Edge account would make make me a net loss each month so no cashback to worry about), and a few legacy savings products (NLA to new customers) I've got all my bases covered without costing me anything.

"The 30pp DD is good for switching, but I still prefer options that don't actually cost money. Definately wouldn't use them for on-going requirements given it eats into your monthly rewards."
Totally agree. I was doing like 5 or 6 x2 switches at once for us both and it just made this easier, especially given I was opening multiple additional Chase accounts for the switch.
I think for the joint RBS and Natwest I'll use 2 out of Wealthify, Freetrade or Hargreaves Lansdown for the DDs.

PRAISETHESUN

What_time_is_it said:

Thanks. 

My mistake re Ulster!! Getting confused with my multiple bank accounts! My third account is with The Co-op and they have a 2x DD a month requirement in order to avoid a monthly fee I think.

Might be worth double checking your Co-op account. The only account I can see on their website with a monthly fee is their packaged bank account. DDs are only required if you're trying to qualify for their switching incentive.

What_time_is_it

Thanks! Yes - Co-op is for their switching incentive only. So I was wrong again!

To clarify, as I’ve caused some confusion here, there is no Ulster Reward scheme!

s71hj

s71hj said:

PRAISETHESUN said:

@s71hj I'm not aware of any Ulster reward account, hence the clarification I requested. I'm very certain if one existed then the forums would know about it!

The 30pp DD is good for switching, but I still prefer options that don't actually cost money. Definately wouldn't use them for on-going requirements given it eats into your monthly rewards.

I linked the DD discussion thread earlier, which I believe you are aware of. Between a few Moneybox/Plum DDs, shuffling around household bill DDs (I've got small bills so the Santander Edge account would make make me a net loss each month so no cashback to worry about), and a few legacy savings products (NLA to new customers) I've got all my bases covered without costing me anything.

"The 30pp DD is good for switching, but I still prefer options that don't actually cost money. Definately wouldn't use them for on-going requirements given it eats into your monthly rewards."
Totally agree. I was doing like 5 or 6 x2 switches at once for us both and it just made this easier, especially given I was opening multiple additional Chase accounts for the switch.
I think for the joint RBS and Natwest I'll use 2 out of Wealthify, Freetrade or Hargreaves Lansdown for the DDs.

Having checked, Wealthify is only £2 min a month but this is an investment account not a General investment account so has a fee albeit a tiny less than 1% that amounts to 10p in the first year on a £2 a month investment. I'll use this for 2 of the 4 RBS/Natwest joint account monthly dds I'll need.