Santander 123 "Active Direct Debits"

uk1 wrote: »

Thanks, that is exactly what we plan to do ....

Jeff

Yes you can do this. I am a Select customer through my wife and they advised me that my friend could. They broached the subject without me asking them.
Paying the money internally stops the risk of one bank making a mistake or computer crashing and doing the transfer on the first of the month allows you to correct any problems within the month if something did go wrong.
If you can become a Select customer then it is worth it as they appear to have employed staff who try and help you. 10 years ago discussing issues with Steve from downtown New Delhi was never fruitful.

Gandalf133 wrote: »

Apart from tesco where does the 42k at 3% come from thought I'd already exhausted them all

How many Bank of Scotland Vantage accounts do you have?

I have just found this thread after realising that the interest on my 123 Current Account had ceased 12 months ago ! After trying to find out why I realised that I had deleted very old DD's out of my 123 account which were dormant 12 months ago and didn't realise that this contributed to the conditions of the interest payable on the account.

My mistake has cost me £300 !! Though I have to say that they were all dormant DD's but obviously must have still registered as active on my account.

How can I rectify this by setting up DD's when there is nothing I am paying by DD at the moment ??

IanSt wrote: »

There is a thread on this site on possible means to generate monthly DDs. You're lucky in that yours only need to pay out on a yearly basis, so are you sure there's nothing available you could use. E.g. for santander we've setup our TV licence and car road tax to pay by direct debit.

The thread is here: http://forums.moneysavingexpert.com/showthread.php?t=5734632

When I checked I had left a BT direct debit set up although not active and I have set up a DD for Paypal so hopefully these may reinstate our interest payments