Savings accounts deposits by Direct Debit? UPDATED

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Comments

  • ColdIron
    ColdIron Posts: 9,048 Forumite
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    PayPal would work for one of them but you'll need to do it manually
  • myth123
    myth123 Posts: 386 Forumite
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    tebthereb wrote: »
    Thank you. You are right of course but I thought the OP was maintained.

    I need to find three banks offering the facility to deposit by DD to meet the new Tesco current account requirements - what do people recommend?

    I would rather not lose money so am only looking to use bank accounts to meet the DD requirements.

    The Post Office online saver and Scottish Widows savings account still allow them.
  • Eco_Miser
    Eco_Miser Posts: 4,708 Forumite
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    tebthereb wrote: »
    I thought the OP was maintained.
    It is, sort of, but the OP won't be checking all the accounts regularly, just updating when the are informed of a change.
    waqasahmed wrote:
    Last edited by waqasahmed; 01-01-2017 at 1:44 AM.
    Eco Miser
    Saving money for well over half a century
  • tebthereb
    tebthereb Posts: 162 Forumite
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    myth123 wrote: »
    The Post Office online saver and Scottish Widows savings account still allow them.

    Thank you.

    I have emailed West Brom to see if they do it as it is not clear from what I could find. Hopefully that will give me a third account after Post Office and Scottish Widows.
  • Ed-1
    Ed-1 Posts: 3,891 Forumite
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    tebthereb wrote: »
    Thank you.

    I have emailed West Brom to see if they do it as it is not clear from what I could find. Hopefully that will give me a third account after Post Office and Scottish Widows.

    West Brom used to allow it on their WebSave accounts but no longer do.
  • tebthereb
    tebthereb Posts: 162 Forumite
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    Thanks.

    Can anyone suggest a third to go alongside Scottish Widows and Post Office?

    I would rather not use Paypal for one of the DDs if it is manual.
  • waqasahmed
    waqasahmed Posts: 1,926 Forumite
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    Removed West Brom/
  • tebthereb
    tebthereb Posts: 162 Forumite
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    West Brom confirmed to me in their email reply that the facility is not available any longer.

    By the way Christian Aid is now a £2 minimum.
  • TRBob
    TRBob Posts: 30 Forumite
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    I have the Tesco Current account with 2 charity DDs and one to a Tesco Internet Saver Account. I would like to open a 2nd Tesco Current account and for the DDs I was thinking about firstly paying into the internet saver account that I already have and setting up another 2 internet saver accounts and paying into them? Is this feasible? I have other current accounts where I have used my other DDs (phone/credit card etc...) so none are spare.
  • ColdIron
    ColdIron Posts: 9,048 Forumite
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    Is this feasible?
    Not if you want the interest, and if your existing account is a recent one that won't work either

    If you opened your account after 1 April 2017:
    We guarantee 3% AER credit interest on balances up to £3,000 until 1 April 2019. In order to benefit from this, you must pay in at least £750 and have at least three direct debits paid from your account per statement month (excluding direct debits to a Tesco Bank savings account).
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