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  • FIRST POST
    • waqasahmed
    • By waqasahmed 1st Dec 14, 8:28 PM
    • 1,031Posts
    • 284Thanks
    waqasahmed
    Savings accounts deposits by Direct Debit? UPDATED
    • #1
    • 1st Dec 14, 8:28 PM
    Savings accounts deposits by Direct Debit? UPDATED 1st Dec 14 at 8:28 PM
    This is basically a continuation of the thread here:

    http://forums.moneysavingexpert.com/showthread.php?t=4168667

    BUT Im happy to update it, if people notice a change, and then send me a PM

    ^ Thanks to the original poster, of the original thread - this is just a continuation)

    Any way:

    --------------------------------------------------------------------
    List of savings accounts providers that allow, and don't allow, deposits by Direct Debit (as opposed to by SOs, debit cards etc etc).

    Please add a reply if you have anything additional to report, or if you spot something incorrect. I will update this post as appropriate so we got the list all in one place.

    Providers with Direct Debit feed:
    • Aldermore (by posting filled-in form, printed from site)
    • AA (1st deposit by cheque) -minimum 1000 to open account (can fall below that later though, with lower interest)
    • Egg (Yorkshire BS; allowing multiple DDs on same account) - no longer available for new customers.
    • BM Savings (existing accounts only)
    • Britannia BS - no longer exists for new customers
    • First Save - no longer allows direct debits
    • ICICI
    • Intelligent Finance - no longer allows direct debits
    • Monmouthshire Building Society (must use paper forms) - - no longer allows direct debits
    • Nationwide Mysave (1 DD only) - Looks like for existing customers only.
    • Saga (if you are 50+; 1st deposit by cheque)
    • Scottish Widows
    • TESCO Bank (multiple DDs allowed, on both, their Internet Saver and their Instant Access Saver)
    • West Bromwich BS (selected accounts)
    • YBS offset savings if you have a mortgage there (allows multiple DDs)

    Minimum opening deposits apply in some cases.

    Offshore banks, such as Nationwide International, might allow DDs - - but beware, they have no FSCS protection.

    ZOPA, Paypal, Charities, National Lottery: not exactly savings accounts, but they allow Direct Debits. Also Ratesetter (http://www.ratesetter.com/blog/Regular_Lender_Blog.htm)

    See below for a list of charities accepting low-value DDs. More charities via http://www.justgiving.com/

    If you have regular investments with firms like H&L or Investdirect, you might be able to set up Direct Debits with them.


    Savings providers with no Direct Debit feed
    :
    - most high street banks
    - Barclays savings accounts
    - Barnsley BS
    - Cambridge BS
    - Chelsea BS
    - Coventry
    - Derbyshire
    - KRBS
    - LLoyds savings accounts
    - M&S Savings
    - N&P
    - National Counties
    - Northern Rock
    - Nottingham Building Society
    - Principality
    - Saffron BS
    - Sainsbury's Bank
    - Skipton
    - Yorkshire BS (except for old Egg accounts, it seems)


    Some charities that accept 1 (or less) DDs:
    (don't forget to tick Gift-Aid if you are a tax payer. Also, all companies pay about 50p to 1 per DD transaction, so please don't be mean!)
    https://www2.amnesty.org.uk/giving/donate/give-monthly

    http://www.unicef.org.uk/Donate/give-monthly/

    http://www.redcross.org.uk/Donate-No...Giving-Appeals (Min 2 - takes 10-15 days to set up)

    http://england.shelter.org.uk/donate

    http://www.oxfam.org.uk/donate

    https://donations.rspca.org.uk/directdebit.aspx

    http://www.wateraid.org/uk/

    http://www.christian.org.uk/support/index.htm (1p min)

    http://www.cancerresearchuk.org/

    https://www.payaquid.co.uk/

    Politics:
    https://www.edirectdebit.com/conservativeparty/step-1.aspx (min 1)

    http://www.womensaid.org.uk/page.asp...tle=Donate+now (min 3)
    Last edited by waqasahmed; 15-04-2017 at 11:01 PM. Reason: Update.
Page 19
    • adindas
    • By adindas 19th Oct 17, 11:30 PM
    • 3,571 Posts
    • 2,219 Thanks
    adindas
    I'd take it with a pinch of salt for now. A brand new poster and no-one else (not a single person) has confirmed receiving the same information.

    Probably true, but I'd like a bit more confirmation before doing anything else.
    Originally posted by glider3560
    Only one post with such a sensational news. He might be chukling reading the response from people on the thread he has started.

    The clue is in his user name. Scarecrow.

    But you will never know it might be true.

    Same here I do not want to invst time before this message is confimerd by another person.
    • Chrisv
    • By Chrisv 20th Oct 17, 11:56 AM
    • 4,351 Posts
    • 78,231 Thanks
    Chrisv
    http://forums.moneysavingexpert.com/showpost.php?p=73289162&postcount=65

    https://www.flickr.com/photos/156166744@N05/
    Not wanting something is as good as possessing it Donald Horban
    • Ken68
    • By Ken68 20th Oct 17, 5:09 PM
    • 6,409 Posts
    • 4,090 Thanks
    Ken68
    Confirmed also by Yorkshire Pud on the other thread.
    • chockydavid1983
    • By chockydavid1983 23rd Oct 17, 4:09 PM
    • 594 Posts
    • 360 Thanks
    chockydavid1983
    Just wondering if it's worth updating the 1st post of this thread if possible to contain just the ones that now do accept this.
    As far as I can tell, this is just Tesco (but not for long), Scottish Widows and Post Office (maybe AA / ICICI as well but couldn't find mention of DD's on their pages)?
    • eskbanker
    • By eskbanker 23rd Oct 17, 5:17 PM
    • 7,862 Posts
    • 8,699 Thanks
    eskbanker
    Just wondering if it's worth updating the 1st post of this thread if possible to contain just the ones that now do accept this.
    As far as I can tell, this is just Tesco (but not for long), Scottish Widows and Post Office (maybe AA / ICICI as well but couldn't find mention of DD's on their pages)?
    Originally posted by chockydavid1983
    Trouble is, this can only be done by the poster who originally put it up, and they haven't updated it for six months - they have posted this month on another part of the forum but don't appear to be active on this one anymore.

    Maybe time for someone to volunteer to start and regularly maintain another one, especially when this has suddenly become rather more topical again in the wake of the most popular player pulling out....
    • NoodleDoodleMan
    • By NoodleDoodleMan 26th Oct 17, 1:41 PM
    • 530 Posts
    • 168 Thanks
    NoodleDoodleMan
    Aye - Tesco's new terms and conditions for online savings accounts have just dropped through the letter box.

    Direct Debits into them are history as of 22nd April 2018 - including existing ones.
    • NoodleDoodleMan
    • By NoodleDoodleMan 26th Oct 17, 7:10 PM
    • 530 Posts
    • 168 Thanks
    NoodleDoodleMan
    I've just posted to similar effect elsewhere - does anybody have Post Office Online Saver - and can it draw in DDs from more than one external bank current account on a monthly basis ?
    • glider3560
    • By glider3560 26th Oct 17, 7:15 PM
    • 3,629 Posts
    • 2,303 Thanks
    glider3560
    I've just posted to similar effect elsewhere - does anybody have Post Office Online Saver - and can it draw in DDs from more than one external bank current account on a monthly basis ?
    Originally posted by NoodleDoodleMan
    One direct debit per online saver. You can have multiple online savers with different nominated accounts.

    • NoodleDoodleMan
    • By NoodleDoodleMan 27th Oct 17, 10:29 AM
    • 530 Posts
    • 168 Thanks
    NoodleDoodleMan
    I've scanned the inside front page of the changes - for anybody who has still not received the booklet.

    • chockydavid1983
    • By chockydavid1983 27th Oct 17, 11:30 AM
    • 594 Posts
    • 360 Thanks
    chockydavid1983
    What about you maintaining it ??
    Originally posted by adindas
    New thread started :-)
    • NoodleDoodleMan
    • By NoodleDoodleMan 27th Oct 17, 8:06 PM
    • 530 Posts
    • 168 Thanks
    NoodleDoodleMan
    I always read the summary - if nothing of critical importance, as you say, it goes straight into the filing cabinet Mk1.
    • NoodleDoodleMan
    • By NoodleDoodleMan 28th Oct 17, 7:17 PM
    • 530 Posts
    • 168 Thanks
    NoodleDoodleMan
    New thread started :-)
    Where ?

    Can you provide a link please.
    • adindas
    • By adindas 28th Oct 17, 7:52 PM
    • 3,571 Posts
    • 2,219 Thanks
    adindas
    Where ?

    Can you provide a link please.
    Originally posted by NoodleDoodleMan
    http://forums.moneysavingexpert.com/showthread.php?t=5734632
    • NoodleDoodleMan
    • By NoodleDoodleMan 28th Oct 17, 8:17 PM
    • 530 Posts
    • 168 Thanks
    NoodleDoodleMan
    Thanks Adindas
    • leeparsons
    • By leeparsons 12th Apr 18, 2:16 AM
    • 45 Posts
    • 14 Thanks
    leeparsons
    I'd take it with a pinch of salt for now. A brand new poster and no-one else (not a single person) has confirmed receiving the same information.

    Probably true, but I'd like a bit more confirmation before doing anything else.
    Originally posted by glider3560
    It's true. I got the same letter
    • Zanderman
    • By Zanderman 12th Apr 18, 8:29 AM
    • 1,764 Posts
    • 4,397 Thanks
    Zanderman
    It's true. I got the same letter
    Originally posted by leeparsons
    We know it's true.
    It's been known to be true for 6 months when the original letters came out.
    glider3560's doubt (and indeed the most recent posts on this whole thread) was posted in mid October last year, when there was room for a little doubt.

    The current thread on these issues is here: http://forums.moneysavingexpert.com/showthread.php?t=5734632
    Last edited by Zanderman; 12-04-2018 at 8:56 AM. Reason: clarifying recent pots and adding link to current thread.
    • leeparsons
    • By leeparsons 12th Apr 18, 2:55 PM
    • 45 Posts
    • 14 Thanks
    leeparsons
    We know it's true.
    It's been known to be true for 6 months when the original letters came out.
    glider3560's doubt (and indeed the most recent posts on this whole thread) was posted in mid October last year, when there was room for a little doubt.

    The current thread on these issues is here: http://forums.moneysavingexpert.com/showthread.php?t=5734632
    Originally posted by Zanderman
    So who else takes DD then? As I will need to move my DD, to get the benefits from the current account.
    Last edited by leeparsons; 12-04-2018 at 2:57 PM. Reason: added more. If that is ok with the mighty board?
    • eskbanker
    • By eskbanker 12th Apr 18, 2:59 PM
    • 7,862 Posts
    • 8,699 Thanks
    eskbanker
    So who else takes DD then? As I will need to move my DD, to get the benefits from the current account.
    Originally posted by leeparsons
    Did you consider following the link that Zanderman helpfully posted?
    • leeparsons
    • By leeparsons 12th Apr 18, 3:33 PM
    • 45 Posts
    • 14 Thanks
    leeparsons
    Did you consider following the link that Zanderman helpfully posted?
    Originally posted by eskbanker
    Which page was it on?
    • eskbanker
    • By eskbanker 12th Apr 18, 5:13 PM
    • 7,862 Posts
    • 8,699 Thanks
    eskbanker
    Did you consider following the link that Zanderman helpfully posted?
    Originally posted by eskbanker
    Which page was it on?
    Originally posted by leeparsons
    It's in post #376, which you quoted in post #377, immediately before I posted #378!
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