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  • FIRST POST
    • Scarecrow25
    • By Scarecrow25 19th Oct 17, 12:57 PM
    • 7Posts
    • 49Thanks
    Scarecrow25
    Tesco Savings DDs
    • #1
    • 19th Oct 17, 12:57 PM
    Tesco Savings DDs 19th Oct 17 at 12:57 PM
    I can't see that this has been picked up yet, and with my first post I really hate to be the breaker of bad news !
    However, last week I opened a new Tesco Internet saver and just got the paperwork through today. In it, was a booklet, 'Changes to our Tesco Bank Internet Saver & Instant Access T&Cs'
    Summary of key changes - I quote: 'We are making changes to the way in which you can fund your Account. In particular, as of 22 April 2018 you will not be able to fund your Account by way of Direct Debits. On this date all Direct Debits set up on your Account will be cancelled. No further Direct Debits can be set up from this date.'

    I know many use Tesco DDs to meet terms for interest on current accounts, at least we've a few months to come up with a new plan...
Page 40
    • sully1311
    • By sully1311 30th Apr 18, 5:10 PM
    • 56 Posts
    • 13 Thanks
    sully1311
    Thank you the

    If i had left the station without a purchase i would have had a 1 hold on my card? for an unspecified time ?

    Also we use post Office savers for Santander 123 direct debits.
    Originally posted by 2e0arr
    Are you sure you don't want to sue Tesco for only taking 1 and not the full amount of fuel straight away?
    • 2e0arr
    • By 2e0arr 30th Apr 18, 7:55 PM
    • 570 Posts
    • 325 Thanks
    2e0arr
    Are you sure you don't want to sue Tesco for only taking 1 and not the full amount of fuel straight away?
    Originally posted by sully1311
    Thank you now theres a thought. it was 2 transaction and one was made without a pin entered correctly. The question is the 1 was notified but never taken. The complaint to Tesco has been in about 4 working days no response yet
    • AirlieBird
    • By AirlieBird 30th Apr 18, 8:04 PM
    • 1,022 Posts
    • 834 Thanks
    AirlieBird
    Ello Miss, I wish to register a complaint

    Now that the DD facility has gone I've noticed that my list of payees on my savings accounts now only include the ones I had DDs set up for and all the others (that continue to be listed on my current accounts) are missing. I don't think this has anything to do with changes to named linked accounts as they were all in my name and I can add them back again, but it's going to be a pain as I have 21 of them. One of the nice things about Tesco was that there was a common list of payees shared across accounts

    /Grumble over
    Originally posted by ColdIron
    Had you set them up as a linked account or just as a payee? If they didn't have a DD authorisation in place they wouldn't have been a linked account and will have been removed whether in your name or not.
    Did you really mean to put loose?
    Lose: no longer possess, not to retain, unable to find
    Loose: not firmly or tightly fixed in place
    • masonic
    • By masonic 30th Apr 18, 9:08 PM
    • 9,247 Posts
    • 6,379 Thanks
    masonic
    Thank you now theres a thought. it was 2 transaction and one was made without a pin entered correctly. The question is the 1 was notified but never taken. The complaint to Tesco has been in about 4 working days no response yet
    Originally posted by 2e0arr
    A hold is not a transaction. It is also not Tesco who you should be complaining to, but the petrol station and/or Visa/Mastercard. Temporary holds are a feature of all credit/debit cards, including prepaid cards.
    • jevoudrais
    • By jevoudrais 30th Apr 18, 9:11 PM
    • 42 Posts
    • 11 Thanks
    jevoudrais
    can you use a prepaid debit card on self service petrol now please ?
    • 2e0arr
    • By 2e0arr 1st May 18, 1:28 AM
    • 570 Posts
    • 325 Thanks
    2e0arr
    can you use a prepaid debit card on self service petrol now please ?
    Originally posted by jevoudrais
    I think on the visa debit cards for sale in morrisons it says you cannot use them for petrol. So i think the answer is no
    • AirlieBird
    • By AirlieBird 1st May 18, 5:15 AM
    • 1,022 Posts
    • 834 Thanks
    AirlieBird
    What KTF said.

    What has that got to do with Tesco withdrawing the DD function from their savings accounts?
    Originally posted by KTF
    Did you really mean to put loose?
    Lose: no longer possess, not to retain, unable to find
    Loose: not firmly or tightly fixed in place
    • Vortigern
    • By Vortigern 1st May 18, 9:27 AM
    • 2,432 Posts
    • 1,634 Thanks
    Vortigern
    I've checked the bank accounts from which my Tesco direct debits used to extract funds to see whether the DDs were still active.

    Santander123 accounts no longer list the Tesco DDs...
    Originally posted by pafpcg
    This may cause the loss of the current statement month's interest for those who needed the Tesco DD and have no alternative in place.

    I believe Santander's method is to check the number of active DDs present on the account on the statement date. It doesn't matter that you used a Tesco DD in the current month; if it's no longer on the list it doesn't qualify.
    • LankyMoneySaver
    • By LankyMoneySaver 1st May 18, 11:05 AM
    • 81 Posts
    • 16 Thanks
    LankyMoneySaver
    First I'd heard of this when I stumbled here via Google.

    Has everyone been notified by letter? If so was it hidden in a general changing T&Cs that I've missed, or a letter that clearly stated they're withdrawing the DD facility? Either way I don't remember having anything about the change.

    I even set up two new DDs to my Tesco savings a few weeks ago, had letters confirming they had both been set up, and they were showing on the respective accounts. However checking today they have been cancelled (which is why I was googling Tesco DDs to see if it was a known issue). It's one thing to remove the facility but I'm a bit miffed they didn't warn me when setting new ones up, within days of the facility being removed, and meaning they'd never take a single payment on them.

    I also had lots already set up on different accounts so I'm going to have to go through them all today and try and make sure I still meet any DD requirements.

    I've not had a chance to read the whole way through this thread yet so apologies if it's already covered earlier but has anyone found any good alternatives to Tesco for this?
    Obviously I could move actual bill DDs across to the accounts but for simplicity I prefer having them all on my main current account (where lots of them then earn cashback).
    Charity DDs are another which I already have for some but for some reward accounts it's no longer worth it once you take off the 2/month (2*1 DDs) to charity, unless your're particularly altruistic.
    Chris
    • masonic
    • By masonic 1st May 18, 11:11 AM
    • 9,247 Posts
    • 6,379 Thanks
    masonic
    First I'd heard of this when I stumbled here via Google.

    Has everyone been notified by letter? If so was it hidden in a general changing T&Cs that I've missed, or a letter that clearly stated they're withdrawing the DD facility? Either way I don't remember having anything about the change.
    Originally posted by LankyMoneySaver
    It was part of a general set of changes. I was notified by post and the change was clear enough if you read through the summary of the changes. I didn't spot it initially and was alerted about it from here.

    Personally I had a couple of dormant credit cards that I am now making a small purchase on each month. That and the use of Paypal for a monthly subscription have seen me through.
    • eskbanker
    • By eskbanker 1st May 18, 11:35 AM
    • 7,167 Posts
    • 7,617 Thanks
    eskbanker
    I've not had a chance to read the whole way through this thread yet so apologies if it's already covered earlier but has anyone found any good alternatives to Tesco for this?
    Originally posted by LankyMoneySaver
    When the Tesco decision was announced last October, many folk were asking exactly the same question, and so this thread was created to answer it: https://forums.moneysavingexpert.com/showthread.php?t=5734632
    • LankyMoneySaver
    • By LankyMoneySaver 1st May 18, 3:06 PM
    • 81 Posts
    • 16 Thanks
    LankyMoneySaver
    It was part of a general set of changes. I was notified by post and the change was clear enough if you read through the summary of the changes. I didn't spot it initially and was alerted about it from here.

    Personally I had a couple of dormant credit cards that I am now making a small purchase on each month. That and the use of Paypal for a monthly subscription have seen me through.
    Originally posted by masonic
    I'm looking at the PayPal DD option but have seen this post saying they stopped offering it:https://www.hotukdeals.com/discussions/has-paypal-stopped-allowing-direct-debit-top-ups-2781027
    , and some others on here saying it might still work through the app but I couldn't see an option.

    How did you set yours up?
    Chris
    • 18cc
    • By 18cc 1st May 18, 3:26 PM
    • 468 Posts
    • 284 Thanks
    18cc
    You can still link a bank account to you paypal account

    As I understand it, you can't then use that direct debit to pull money into your paypal account - you used to be able to, but no more

    What you can do, however, is make a purchase (eg from ebay), pay with paypal, and paypal will use that direct debit to get the payment from your bank account.
    • jevoudrais
    • By jevoudrais 1st May 18, 4:35 PM
    • 42 Posts
    • 11 Thanks
    jevoudrais
    I have some not used CC I think ill buy a pint of milk each month to create a direct debit
    • masonic
    • By masonic 15th May 18, 8:35 PM
    • 9,247 Posts
    • 6,379 Thanks
    masonic
    I'm looking at the PayPal DD option but have seen this post saying they stopped offering it:https://www.hotukdeals.com/discussions/has-paypal-stopped-allowing-direct-debit-top-ups-2781027
    , and some others on here saying it might still work through the app but I couldn't see an option.

    How did you set yours up?
    Originally posted by LankyMoneySaver
    Sorry for the delay, I've been away. It's true the option to add money to your paypal account by DD has been removed, but you can still use the "Instant bank transfer" funding option when paying for goods and services. This is a bank-funded payment (not via debit card) that is (still) collected by direct debit. To have it available as a payment option, you need to add and verify a bank account and have a card on account to serve as a backup payment option.
    • Mchambers
    • By Mchambers 15th May 18, 9:23 PM
    • 924 Posts
    • 276 Thanks
    Mchambers
    I am using PO online saver. Multiple accounts.
    • surreysaver
    • By surreysaver 15th May 18, 9:42 PM
    • 2,463 Posts
    • 1,371 Thanks
    surreysaver
    I can still add money to my PayPal balance by direct debit. You do it via the app.
    I consider myself to be a male feminist. Is that allowed?
    • whiggy2016
    • By whiggy2016 15th May 18, 10:49 PM
    • 14 Posts
    • 1 Thanks
    whiggy2016
    How many PO Savings accounts do you have?
    I am using PO online saver. Multiple accounts.
    Originally posted by Mchambers

    Hey,

    How many PO Savings accounts have they allowed you so far? I'm guessing you're talking about the Post Office Money Online Saver
    • KTF
    • By KTF 16th May 18, 5:59 AM
    • 4,644 Posts
    • 1,899 Thanks
    KTF
    I have 6 of the P.O. savings accounts, each with its own DD.
    • veryintrigued
    • By veryintrigued 16th May 18, 7:18 AM
    • 2,380 Posts
    • 1,796 Thanks
    veryintrigued
    Anyone else have a plan B for when the inevitable occurs with the PO?
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