Hope is not an Effective Financial Strategy
Comments
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shangaijimmy wrote: »Mrsp - you can shuffle that way, or manually do it via after transfers which arrive within minutes. I favour the faster transfers approach and box them all off in a 10 min period. So...
FD to TSB1, TO TSB 2, TO Halifax 1, to Halifax 2, to Halifax 3, to coop/Yorkshire, then back to FD.
So it doesn't have to stay in there for more than a minute for it to count? I thought there'd be a minimum amount of time it would have to stay in there.
Thanks for the confirmation. I was accepted for the account but I think I have to go and show them proof of ID or something.0 -
I'd of thought the same, that they would not be happy with transfers in and out - good going SJ!DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)0 -
Thought you must be flagged up somewhere as a money launderer!! :rotfl:DFW (08/08) £64,346.53 Gone (02/19)
MFW (08/08) £118k Gone (09/23)0 -
For once the banks systems work in "our" favour :j
Same goes for d/d coming out of account - going under limit to get top interest on account, then monies credited to account same day - seems they take balance of account at end of day, so even if you go "under" - its not counted, if money goes in after - but same day :jAlways have 00.00 at the end of your mortgage and one day it will all be 0's :dance:MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_Now a Part Timer from 27.10.190 -
I'm not expecting halifax to keep paying the rewards, but each month they do is a bonus. I also use 2 tesco savings accounts to fulfil the direct debits, and with regards to halifax accounts they sweep on the £5's!
£6.37 weekly TT pot transferred to mortgage this morning. The weekly OP of the pot is proving very effective method and seems to between £4.50 and £6.50 each week.
This morning I return to officiating so will make £25 cash. Im taking DS1 and his friend to a trampolining place this afternoon so that cash will pay for it nicely with snacks/drinks too. It may also squeeze to a treat lunch in work this week!MFW: Was: £136,000.......Now: £61,892.24......
Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
1% Mortgage Challenge 2022 - £157.59 of £6500 -
A_Frayed_Knot wrote: »For once the banks systems work in "our" favour :j
Same goes for d/d coming out of account - going under limit to get top interest on account, then monies credited to account same day - seems they take balance of account at end of day, so even if you go "under" - its not counted, if money goes in after - but same day :j
Watch out on this one - twice now I've gotten hit with fees for being "overdrawn" even though by end of day the balance is positive.
Clyde$dale (and probably Y0rkshire, as they're linked) only counts it if the balance is positive by 2:30pm.0 -
Great warning. I'm ultra cautious that I don't get hit with any charges, probably why I favour the manual faster payments technique!MFW: Was: £136,000.......Now: £61,892.24......
Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
1% Mortgage Challenge 2022 - £157.59 of £6500 -
hiddenshadow wrote: »Watch out on this one - twice now I've gotten hit with fees for being "overdrawn" even though by end of day the balance is positive.
Clyde$dale (and probably Y0rkshire, as they're linked) only counts it if the balance is positive by 2:30pm.
I did "remark = moan" about this one to my mortgage advisor, since all d/d's came out before my salary appeared in account albeit paid in/out - all in same day. That's when he told me, they take balance at close of business of that day, so didn't count if I went "under" :rotfl:my limit to get top interest :rotfl:
Of course, don't need to worry about that now as i'm - well under till I get EF back up to scratch
Although it has to be said C1ydesd@1e would be one to watch - it took them 2 Months for them to "switch" my account that everybody knows takes 7 Days As soon as I have my bonus - I'm offAlways have 00.00 at the end of your mortgage and one day it will all be 0's :dance:MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_Now a Part Timer from 27.10.190 -
TSB were fab about getting me my £100 switch reward. However I am also supposed to be getting 5% on up to £100 of contactless payments each month and I don't think I've had that. I may have to go and pop in and ask.0
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So far I have to be hones I haven't hit any snags, although I've said it now haven't I!MFW: Was: £136,000.......Now: £61,892.24......
Mortgage Neutral Deficit: £43,082.90... Mortgage Neutral Savings: £18,809.34
MFiT-T6 #13 - £3,517 of £15,500 (22.69%)
1% Mortgage Challenge 2022 - £157.59 of £6500
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