1 penny direct debits?

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124

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  • mandySaver12
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    Charities usually have £2 minimum Direct debits which I found a bit too steep to benefit from the £5 a month account TSB have/Halifax had.

    Google found me http://www.onepounddd.com which I've been using for the last few months and has been working great for me
  • Ken68
    Ken68 Posts: 6,825 Forumite
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    My computer shows the site mentioned in post 32 is not secure.
    Run by Mayghal as mentioned in post 31.
  • Fan_Of_2018
    Fan_Of_2018 Posts: 27 Forumite
    edited 6 February 2020 at 2:48PM
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    Here's one for a pound a year, the equivalent of 8 and a half pennies a month..... Great for Santander 123 which doesn't require money coming out every month.

    https://smalldirectdebit.co.uk

    Here's a direct link for the direct debit £1 A YEAR DIRECT DEBIT

    Also great for account switching offers, because you can cancel it after the switch and you will have paid only once.

    And here is a very convenient one for £1 a month direct debit £1 A MONTH DIRECT DEBIT
  • polymaff
    polymaff Posts: 3,904 Forumite
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    Looks secure to me. But your basically wasting a pound a month :(

    And poor Ken86 had to wait a year for that nugget :)
  • Psyduck1980
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    Midland45 wrote: »
    I've set up a DD instruction from my Halifax Reward Current Account and have transferred £1 across to my PayPal Account. There is another monthly DD on the account, and it's funded by over £1000/month. This was completed in November, will I now get the £5 reward for December, can anyone please confirm?
    Many thanks:)
    thenudeone wrote: »
    Paypal and Tesco savings does the trick for me.

    You don't even need to buy anything with paypal, just add funds by DD You can then transfer the funds back into your back account once it's cleared.
    Midland45 wrote: »
    Thanks, that was exactly the plan to transfer £1 every month. Did notice it took an age to show on my Paypal balance though lol. Guess its a US bank though!
    Would anybody care to explain these PayPal tricks to me? I have a PayPal account but I use it for purchases only therefore I never have a "balance" with them. TIA.
  • Westie983
    Westie983 Posts: 5,213 Ambassador
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    Would anybody care to explain these PayPal tricks to me? I have a PayPal account but I use it for purchases only therefore I never have a "balance" with them. TIA.

    Use the add funds button on Paypal and chose your account. Money appears in your account straight away and then you can withdraw and put it back into the account you chose (it takes about three days to be withdrawn)

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • stevec59
    stevec59 Posts: 296 Forumite
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    Does the NHS allow small DD donations?
  • eskbanker
    eskbanker Posts: 31,034 Forumite
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    stevec59 wrote: »
    Does the NHS allow small DD donations?
    Not aware of any - if you want to donate something useful to the NHS then there are at least a couple of ways to do so....

    https://www.blood.co.uk/
    https://www.organdonation.nhs.uk/
  • EachPenny
    EachPenny Posts: 12,239 Forumite
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    Westie983 wrote: »
    Use the add funds button on Paypal and chose your account. Money appears in your account straight away and then you can withdraw and put it back into the account you chose (it takes about three days to be withdrawn)

    Does this still work as a DD Westie? I thought this was part of the functionality Paypal had withdrawn? (I'm very confused about exactly what does and doesn't work though).
    "In the future, everyone will be rich for 15 minutes"
  • Westie983
    Westie983 Posts: 5,213 Ambassador
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    EachPenny wrote: »
    Does this still work as a DD Westie? I thought this was part of the functionality Paypal had withdrawn? (I'm very confused about exactly what does and doesn't work though).

    Yes if you send money to someone else and they send the money back to you to withdraw, I send money to my sister each month and she sends it straight back and then I put it in the account the DD is coming from.

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
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