Moving DD’s

fly-catchers

I was thinking of moving a couple of DD to my new Zopa bank account to benefit from their 2% offer. But everytime I do move DD in the past there is always a delay in paying them and hassle to get it sorted out. And the monthly payouts get out of sync. As the 2% for DD is just for a year not sure if it’s worth the hassle! 

surreysaver

Open an account with Moneybox and get a direct debit set up that way 

grumpy_codger

surreysaver said:

Open an account with Moneybox and get a direct debit set up that way 

Will they pay 2% on DD deposits to Moneybox?
ETA: I see now - they will:"This applies to any Direct Debit payment you make from your account, up to a yearly cap".

fly-catchers said:

... everytime I do move DD in the past there is always a delay in paying them and hassle to get it sorted out. And the monthly payouts get out of sync. As the 2% for DD is just for a year not sure if it’s worth the hassle! 

I swithced DDs and don't recall any problems with the dates. Yes, there is some uncertainty where the next DD will come from, but it's not a real problem.

born_again

fly-catchers said:

I was thinking of moving a couple of DD to my new Zopa bank account to benefit from their 2% offer. But everytime I do move DD in the past there is always a delay in paying them and hassle to get it sorted out. And the monthly payouts get out of sync. As the 2% for DD is just for a year not sure if it’s worth the hassle! 

Make sure that there is at least 10 days between infirming company you want to change details & when the DD is due to go out.
This makes sure that they have time to update details & that DD system is also updated @ banks end.