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    • waqasahmed
    • By waqasahmed 1st Dec 14, 8:28 PM
    • 1,033Posts
    • 284Thanks
    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:

    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 (

    See below for a list of charities accepting low-value DDs. More charities via

    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!) (Min 2 - takes 10-15 days to set up) (1p min)

    Politics: (min 1) (min 3)
    Last edited by waqasahmed; 15-04-2017 at 11:01 PM. Reason: Update.
Page 20
    • leeparsons
    • By leeparsons 12th Apr 18, 6:36 PM
    • 47 Posts
    • 16 Thanks
    It's in post #376, which you quoted in post #377, immediately before I posted #378!
    Originally posted by eskbanker
    Have you used any?
    • Zanderman
    • By Zanderman 12th Apr 18, 8:48 PM
    • 1,934 Posts
    • 4,672 Thanks
    Have you used any?
    Originally posted by leeparsons
    Hi leeparsons,

    You'll get better responses if you read the info in, and ask your questions in, the thread where this is being actively discussed - which is not in this thread!

    It is, as I said earlier,here:
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