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  • FIRST POST
    • bioboybill
    • By bioboybill 1st Feb 18, 9:55 PM
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    bioboybill
    Using Direct Debits to Credit Cards
    • #1
    • 1st Feb 18, 9:55 PM
    Using Direct Debits to Credit Cards 1st Feb 18 at 9:55 PM
    Is it possible to have more than one direct debit for the same credit card? For instance could I spend 40 a month on petrol on my Tesco credit card every month and set up direct debits of 10 a month to the credit card from 4 different bank accounts to meet the requirements of those accounts?
Page 1
    • YorkshireBoy
    • By YorkshireBoy 1st Feb 18, 10:12 PM
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    YorkshireBoy
    • #2
    • 1st Feb 18, 10:12 PM
    • #2
    • 1st Feb 18, 10:12 PM
    In a word, no.
    • bioboybill
    • By bioboybill 1st Feb 18, 10:20 PM
    • 2,982 Posts
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    bioboybill
    • #3
    • 1st Feb 18, 10:20 PM
    • #3
    • 1st Feb 18, 10:20 PM
    Oh dear. Thought I had a cunning plan there. Not easy to get all these DDs to fund loads of accounts. Somebody on here the other day said they had 15 accounts. Must take some doing!
    • enthusiasticsaver
    • By enthusiasticsaver 1st Feb 18, 11:03 PM
    • 6,386 Posts
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    enthusiasticsaver
    • #4
    • 1st Feb 18, 11:03 PM
    • #4
    • 1st Feb 18, 11:03 PM
    You can only have one direct debit for each credit card.

    If you need direct debits to meet current account conditions you can use Tesco internet saver and I think you can set up more than one on the account. Paypal and charities are the other ones suggested. There is a thread on here somewhere.
    Debt free and mortgage free and early retiree. Living the dream

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    • bioboybill
    • By bioboybill 1st Feb 18, 11:06 PM
    • 2,982 Posts
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    bioboybill
    • #5
    • 1st Feb 18, 11:06 PM
    • #5
    • 1st Feb 18, 11:06 PM
    I believe the Tesco saver DDs are going in April and PayPal also stopping them. Shame. Charities still a decent option. I have a few credit cards I never use, so options there.
    • teddysmum
    • By teddysmum 1st Feb 18, 11:25 PM
    • 9,037 Posts
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    teddysmum
    • #6
    • 1st Feb 18, 11:25 PM
    • #6
    • 1st Feb 18, 11:25 PM
    I believe the Tesco saver DDs are going in April and PayPal also stopping them. Shame. Charities still a decent option. I have a few credit cards I never use, so options there.
    Originally posted by bioboybill


    To give a number of charities enough to make taking a DD worthwhile, you would probably have given away any interest you were aiming to earn. This has been discussed quite widely on here.
    • Katiehound
    • By Katiehound 2nd Feb 18, 3:06 PM
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    Katiehound
    • #7
    • 2nd Feb 18, 3:06 PM
    • #7
    • 2nd Feb 18, 3:06 PM
    It rather depends if you have householder expenses, but here are some of the possibities:

    Council tax can be paid in 12 installments-that facility was brought in a few years ago. By default councils seem to stick to the 10 payments!
    Now would be a good time to notify your council as they will be setting up payments for the new financial year.

    Having several CCs and using one each week in sequence each month- that has the possibility to create 4 xDDs

    Water should also be available as 12 payments
    other household bills monthly- telephony, gas/leccy, Sky

    Monthly savings a/cs if available:- Saga telephone (been a nightmare!) BM savings, PO, your local credit union

    Park Christmas club (not covered by FC-but mine is 1.50pm)

    Soulsaver 'advertised' a local charity lottery- money to a cardiac unit- 1 pm (http://forums.moneysavingexpert.com/showthread.php?p=73731894#post73731894- post #6)

    There are quite a few charities advertising 2 monthly DD
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    • bioboybill
    • By bioboybill 2nd Feb 18, 3:31 PM
    • 2,982 Posts
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    bioboybill
    • #8
    • 2nd Feb 18, 3:31 PM
    • #8
    • 2nd Feb 18, 3:31 PM
    To give a number of charities enough to make taking a DD worthwhile, you would probably have given away any interest you were aiming to earn. This has been discussed quite widely on here.
    Originally posted by teddysmum
    Well I already give 11 a month to Red Cross. Have been doing that for about 8 years, but have read some poor reports about how useless they are at using the money, and how their bosses get ridiculous salaries, so thinking of splitting 12 a month between 4 or 5 charities instead.
    • Katiehound
    • By Katiehound 2nd Feb 18, 3:41 PM
    • 4,393 Posts
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    Katiehound
    • #9
    • 2nd Feb 18, 3:41 PM
    • #9
    • 2nd Feb 18, 3:41 PM
    Well I already give 11 a month to Red Cross. Have been doing that for about 8 years, but have read some poor reports about how useless they are at using the money, and how their bosses get ridiculous salaries, so thinking of splitting 12 a month between 4 or 5 charities instead.
    Originally posted by bioboybill
    Several charities advertise for 2 per month- I think the following: Dog's Trust, Save the Children, WaterAid, Christian Aid for starters...
    Being polite and pleasant doesn't cost anything!
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    2018 Wombling : Entrant 8 ..2280 cc+.2205mm (2.20.5) + RK 5.21= 30.25.5
    • anna42hmr
    • By anna42hmr 2nd Feb 18, 4:25 PM
    • 2,463 Posts
    • 1,082 Thanks
    anna42hmr
    It rather depends if you have householder expenses, but here are some of the possibities:

    Council tax can be paid in 12 installments-that facility was brought in a few years ago. By default councils seem to stick to the 10 payments!
    Now would be a good time to notify your council as they will be setting up payments for the new financial year.

    Having several CCs and using one each week in sequence each month- that has the possibility to create 4 xDDs

    Water should also be available as 12 payments
    other household bills monthly- telephony, gas/leccy, Sky

    Monthly savings a/cs if available:- Saga telephone (been a nightmare!) BM savings, PO, your local credit union

    Park Christmas club (not covered by FC-but mine is 1.50pm)

    Soulsaver 'advertised' a local charity lottery- money to a cardiac unit- 1 pm (http://forums.moneysavingexpert.com/showthread.php?p=73731894#post73731894- post #6)

    There are quite a few charities advertising 2 monthly DD
    Originally posted by Katiehound
    good examples there, there are also other options, for example:

    regular payers of the national lottery can pay via direct debit (obviously false economy if set up as new player to get the incentives, but if already play on a weekly basis no different).

    Any one who has the NHS Pre Payment Certificate for prescriptions can also pay via direct debit (rather than card payment, and is also worth considering for those who don't have a PPC but have prescriptions for two or more medicines a month - https://www.nhsbsa.nhs.uk/help-nhs-prescription-costs/prescription-prepayment-certificates

    TV licence can be paid via monthly direct debit (but first dd licence purchased licence gets paid over 6 months so is more initially)

    postcode lottery also claims via direct debit (again if you already play can move to the account you need the dd for.
    MFW # 105
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    • Nationwide8
    • By Nationwide8 4th Feb 18, 12:53 PM
    • 335 Posts
    • 136 Thanks
    Nationwide8
    I use my DD PPC for one of my M&S DDs as they will only let you pay it in 10 monthly payments.

    Hadn't thought of the NL DD it's a pity they don't let you play once or twice a month ( which I do now ) by DD Like a lot of others will be DDs "short" for one account when Tesco withdraws them.Regular savers are the alternative for me.
    Last edited by Nationwide8; 04-02-2018 at 1:09 PM.
    • Mnd
    • By Mnd 4th Feb 18, 5:20 PM
    • 503 Posts
    • 607 Thanks
    Mnd
    We use our pension funds and credit cards for a lot of our dd requirements
    • Mnd
    • By Mnd 4th Feb 18, 5:24 PM
    • 503 Posts
    • 607 Thanks
    Mnd
    And also saga telephone and I agree it's a nightmare!
    • Kim_13
    • By Kim_13 4th Feb 18, 5:43 PM
    • 1,901 Posts
    • 2,035 Thanks
    Kim_13
    good examples there, there are also other options, for example:

    regular payers of the national lottery can pay via direct debit (obviously false economy if set up as new player to get the incentives, but if already play on a weekly basis no different).

    Any one who has the NHS Pre Payment Certificate for prescriptions can also pay via direct debit (rather than card payment, and is also worth considering for those who don't have a PPC but have prescriptions for two or more medicines a month - https://www.nhsbsa.nhs.uk/help-nhs-prescription-costs/prescription-prepayment-certificates

    TV licence can be paid via monthly direct debit (but first dd licence purchased licence gets paid over 6 months so is more initially)

    postcode lottery also claims via direct debit (again if you already play can move to the account you need the dd for.
    Originally posted by anna42hmr
    On the PPC, it's only the 12 month card with the DD option and not the three month one.

    At 104 it's worthwhile anyone with daily medication buying one, as 13 prescriptions in a year (given that they tend to only give 28 tablets on a prescription) would be 111.80.

    There's also car tax, which doesn't add any more to the cost provided it is a single 12 month payment by direct debit. Could be useful for Santander and M&S who only require an active DD and not one paying out each month. Alternatively, it could fill one of the gaps left by a 10 instalment DD such as the PPC.
    Last edited by Kim_13; 04-02-2018 at 5:52 PM.
    Sealed Pot 11 #520 ~ /100
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    • keiran
    • By keiran 4th Feb 18, 8:40 PM
    • 425 Posts
    • 217 Thanks
    keiran
    ""Monthly savings a/cs if available:- Saga telephone (been a nightmare!) BM savings, PO""

    Presumably these accounts only give us one direct debit for each account?
    Or do they work like the Tesco D/Ds?

    Now that I've done my tax return, acquiring D/Ds for my numerous current accounts will be the next big job of work!
    • Katiehound
    • By Katiehound 4th Feb 18, 9:06 PM
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    • 38,779 Thanks
    Katiehound
    ""Monthly savings a/cs if available:- Saga telephone (been a nightmare!) BM savings, PO""

    Presumably these accounts only give us one direct debit for each account?
    Or do they work like the Tesco D/Ds?
    Originally posted by keiran
    As far as I know just the one for both Saga & BM as you have to nominate a linked account. If you want one or either of these get started now- takes at least a month- to actually present the initial cheque!!!! I applied for each late Nov / early Dec and 1st DD went out last month. Speed is not essential here.
    Don't know about PO so can't comment.
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    2018 Wombling : Entrant 8 ..2280 cc+.2205mm (2.20.5) + RK 5.21= 30.25.5
    • YorkshireBoy
    • By YorkshireBoy 4th Feb 18, 9:30 PM
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    YorkshireBoy
    Don't know about PO so can't comment.
    Originally posted by Katiehound
    Only one nominated account, but you can apparently change it...so could pull from two accounts per month potentially.

    Up and running quite quickly in our case. Applied 9/1 and first DD pulled 19/1, just 10 days later.
    • Katiehound
    • By Katiehound 4th Feb 18, 9:44 PM
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    Katiehound

    Up and running quite quickly in our case. Applied 9/1 and first DD pulled 19/1, just 10 days later.
    Originally posted by YorkshireBoy
    Clearly not from the same stable as BM / Saga!! Saga is an on-going saga(!)- expecting a phone call from them in the next couple of days to explain exactly what they want- and why! Not impressed at all.

    You can change the nominated account with these as well. Don't think I'd like to attempt 2 different DDs 'though as they can't cope with straightforward.........
    Being polite and pleasant doesn't cost anything!
    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling : Entrant 8 ..2280 cc+.2205mm (2.20.5) + RK 5.21= 30.25.5
    • keiran
    • By keiran 5th Feb 18, 1:27 PM
    • 425 Posts
    • 217 Thanks
    keiran
    Tesco Bank stopping their D/Ds from their savings accounts is the biggest pain in the ***. It allowed all the main banking to occur from a high interest current account (Santander123 in my case) where most of the money could be kept, while reaping the incentive/rewards/interest offered by other banks' current accounts using the minimum cash holding and requiring minimal maintenance. This will no longer be the case!


    I need 27 D/Ds to continue my present bank incentive/rewards/interest arrangements (or prioritise and lose some benefits)

    The suggestions on the MSE boards have been very helpful. I'll have to rely on existing D/Ds, changing my long-standing charity donations from standing orders to D/Ds (I'd have preferred to keep control via the standing order route though), increasing the number of credit cards carrying a balance transfer (even if for a small amount), and opening other accounts including National Lottery, Park, BM, PO and Saga.

    I attempted to open PO last night and after completing the entire application process got a screen saying "technical difficulties". I tried again this morning and it was opened in minutes.

    I looked at BM and Saga and saw that they needed a cheque as part of account opening - none of the bank accounts I allocated D/Ds to has a cheque book and so I've had to order a cheque book specially today. The Saga webpage additionally stated earlier that the account was unavailable, but I now see that the application page is available.

    I further see that PO, BM and Saga are accounts for a year only and so there's uncertainty after that and also the tension between opening them now in view of the account opening slowness described by others and waiting more until the April cut off for Tesco D/Ds
    Last edited by keiran; 05-02-2018 at 2:17 PM.
    • Hoogle
    • By Hoogle 5th Feb 18, 1:42 PM
    • 192 Posts
    • 173 Thanks
    Hoogle
    But you can schedule a standing order or faster payments from multiple accounts to go to your credit card. I have a direct debit set up for minimum payment monthly and then I have a weekly faster payment go to my credit card as I use it to do my shopping pay bills etc but it is pretty much cleared each week with my standing order.
    most credit cards will have a sort code and account number and you usually use your credit card number as the reference.
    So yes you can get around the direct debit by setting up multiple standing orders/faster payments just make sure you tick the box make this a regular payment. As long as you have their sort code, account number and your credit card number as the reference then you can make the payment from any account or multiple accounts doesnt even have to be in your name
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