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TSB Dream Fund Prize Draw (September 2025)
Comments
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flaneurs_lobster said:Earning interest twice on the same money in two different accounts is fraud. In this example however the TSB account may not be interest bearing or be earning less than leaving it where it was, and anyways the amounts involved are pennies.
Try this with proper amounts of money and you'll be flagged for de-banking soonest.0 -
Tempting to empty my flexible ISA for 24 hours, then pay it straight back in.1
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I imagine it's not a coincidence that this promotion has been launched at the same time as the end of Halifax's Reward account, which was the reason some people (though probably not Forumites) kept £5k in a current account.On the postcard thing, the Ts & Cs do specifically state:Please use a sealed envelope to ensure the confidentiality of your information.
The same Ts & Cs list the postal route as an "alternative" route of entry. Does that mean I can't, for example, deposit the £5k and enter by post for 2 entries? It has to be one or the other?
I no longer check the forums as regularly as I used to. If you wish to catch my attention please remember to tag me (@ircE) so I get a notification.0 -
ircE said:I imagine it's not a coincidence that this promotion has been launched at the same time as the end of Halifax's Reward account, which was the reason some people (though probably not Forumites) kept £5k in a current account.On the postcard thing, the Ts & Cs do specifically state:Please use a sealed envelope to ensure the confidentiality of your information.
The same Ts & Cs list the postal route as an "alternative" route of entry. Does that mean I can't, for example, deposit the £5k and enter by post for 2 entries? It has to be one or the other?
I used a postcard and have no problems with doing this. If you want to use an envelope use one.
As for the "alternative" route of entry, I think you can enter once by post but you can also do the £5,000 entry route as well, you get 1 entry for every multiple of £5,000 you deposit and leave in the TSB account until after the end of the promotion. I can't see anything that states it has to be one entry route or the other.0 -
friolento said:flaneurs_lobster said:Earning interest twice on the same money in two different accounts is fraud.By which law?Aside from this, if you move the money into a TSB current account, it will earn zilch interest in that account.0
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My biggest concern with this would be triggering some type of fraud alert, meaning I struggle to get the money in and/or out !
edit: maybe I just deposit the amount I can afford to risk, rather than the total amount I could hypothetically deposit?0 -
Gosh, the scaremongering!
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winkowinko said:Tempting to empty my flexible ISA for 24 hours, then pay it straight back in.
It's not clear to me whether multiple separate deposits of £5000 would qualify as multiple entries to the draw, or if all entries have to be made as a single lump sum. I *assume* each £5000 deposit would qualify as an entry, but none of their examples cover this.0 -
Fingerbobs said:winkowinko said:Tempting to empty my flexible ISA for 24 hours, then pay it straight back in.
It's not clear to me whether multiple separate deposits of £5000 would qualify as multiple entries to the draw, or if all entries have to be made as a single lump sum. I *assume* each £5000 deposit would qualify as an entry, but none of their examples cover this.
£10,000 x 1 = 2 entries
£9,999 x 1 = 1 entry.
I think with any cash you deposit (e.g. £9,999) it has to be left in the TSB account and not withdrawn until after the promotion so I don't think you could take out the £4,999 and deposit £5,000 to get another entry. Not sure, need to reread the conditions. Easier to just to deposit exact multiples of £5,000.
Divide the amount you're depositing by 5,000 and round down to get the number of entries.orange-juice said:My biggest concern with this would be triggering some type of fraud alert, meaning I struggle to get the money in and/or out !
edit: maybe I just deposit the amount I can afford to risk, rather than the total amount I could hypothetically deposit?0 -
danny13579 said:£5,000 x 2 = 2 entries.
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