We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Direct debit
tezmac
Posts: 16 Forumite
My father does not have a current account,he only has a savings account can you set up a direct debit from just a savings account.Sorry if this a stupid question to sum but i have to deal with a few problems concerning my dad so any help will me much appreacated.Thanks for the replys.
Cheers
Terry.
Cheers
Terry.
0
Comments
-
It is very unlikely you can set up a DD from a savings account xGone ... or have I?0
-
Depending on who the account is with look at
Standing Order (much safer than DD as payer is in control)
Open a Credit Card and give continuous authority (even more dangerous than a DD, but handy.)
Best of luck0 -
You can't normally set up an external DD on a Savings account .... only an internal one to within your Bank group.
Whatever you do (above) ... don't set up a recurring payment on a Credit Card. They're a nightmare if they go wrong .... there's no protection for you other than opening a formal 'dispute'. And you're likely not to succeed with one of those.
As here :-
http://www.moneysavingexpert.com/banking/direct-debit#stealIf you want to test the depth of the water .........don't use both feet !0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards