RBS Premier Rewards - Ended up with 2 accounts

TheMod1

Hi All

I applied for the RBS premier reward account and when applying the website glitched so I applied account. Long story short ive now been given 2 premier reward accounts.

I was just wondering if you are only allowed max 1 account, or seeing as I now have 2 will I get the £8 a month reward for each account (£10 rewards - £2 account fee)?

Also any recommendations on DD to use preferably to savings accounts where I can withdraw the cash if needed. I already use Plum and Moneybox, so wondering any others?

Thanks

clairec666

Tembo's ISA and Lifetime ISA allow payment in by direct debit; however their ISA isn't flexible so you might not want to withdraw from it (depending on your circumstances, i.e. whether you're likely to use the full £20000 ISA limit)

Nasqueron

Why not keep it simple - mobile phone bill, pet insurance, energy bill etc. No need to overcomplicate things with third party services to route money around 

There is a thread on here as well about firms that allow payments into savers by DD

TheMod1

clairec666 said:

Tembo's ISA and Lifetime ISA allow payment in by direct debit; however their ISA isn't flexible so you might not want to withdraw from it (depending on your circumstances, i.e. whether you're likely to use the full £20000 ISA limit)

Thanks for the suggestions, however I've already maxed my isa this year so can't open any more

TheMod1

Nasqueron said:

Why not keep it simple - mobile phone bill, pet insurance, energy bill etc. No need to overcomplicate things with third party services to route money around 

There is a thread on here as well about firms that allow payments into savers by DD

I have another bank account I use for all outgoings, that's why I was just looking for a savings account outside of moneybox and plum

Nasqueron

bumbaclart1 said:

Nasqueron said:

Why not keep it simple - mobile phone bill, pet insurance, energy bill etc. No need to overcomplicate things with third party services to route money around 

There is a thread on here as well about firms that allow payments into savers by DD

I have another bank account I use for all outgoings, that's why I was just looking for a savings account outside of moneybox and plum

Just a suggestion, it's how I get switch bonuses, old credit card and mobile phone, 2 DD, easy money. I know the RBS / NatWest need a minimum amount though hence these suggestions - depends if you want to get the reward with a bit of work sending funds once or twice a month

PRAISETHESUN

For DD ideas, see below. My recommendations are usually Moneybox, Plum, PayPal and Currensea. Failing those, either open accounts at some of the few building societies who still seem to offer the ability to pay into your accounts by DD, otherwise shuffle around some stable long-term household bill DDs to use to qualify for the rewards and set up a few SOs from your bills current account to ensure they get funded.

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

As for if they'll let you keep both premier accounts, I'd be betting money that if you don't bring attention to it they probably won't do anything about it.

TheMod1

Thanks for the feedback, for CurrentSea can you withdraw money and set it back to your bank account as I'm not planning to go abroad anytime soon and I already have fee free cards I would use?

grumpy_codger

Couple of spare spending credit cards with small purchases every month.
0% BT cards with minimum monthly payments.

PRAISETHESUN

TheMod1 said:

Thanks for the feedback, for CurrentSea can you withdraw money and set it back to your bank account as I'm not planning to go abroad anytime soon and I already have fee free cards I would use?

It's not really an account you can top up - you link your bank account to your Currensea account, and each time you make a payment using your Currensea debit card, it will pull a payment from your account by direct debit. You can use it to pay for things in GBP, so it's not just exclusively for overseas spending. I just make a few manual overpayments towards my energy bill when I need to use it, or failing that, buy a few individual things through the self serve checkout at Tesco.