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  • FIRST POST
    • MissG80
    • By MissG80 15th Apr 18, 1:52 AM
    • 25Posts
    • 5Thanks
    MissG80
    No charges for bounced DDs
    • #1
    • 15th Apr 18, 1:52 AM
    No charges for bounced DDs 15th Apr 18 at 1:52 AM
    Hi I'm looking for a bank account that doesn't charge for failed Direct Debits - any ideas?
Page 1
    • jonesMUFCforever
    • By jonesMUFCforever 15th Apr 18, 7:03 AM
    • 24,752 Posts
    • 11,967 Thanks
    jonesMUFCforever
    • #2
    • 15th Apr 18, 7:03 AM
    • #2
    • 15th Apr 18, 7:03 AM
    Lloyds, BoS (and presumably Halifax).

    However why pay by D/D if you don't have the money - have you investigated alternative methods of payment?
    Whilst the bank will not charge you for the returned D/D the beneficiary company well might.
    What goes around - comes around
    give lots and you will always receive lots
    • PeacefulWaters
    • By PeacefulWaters 15th Apr 18, 9:58 AM
    • 8,320 Posts
    • 10,636 Thanks
    PeacefulWaters
    • #3
    • 15th Apr 18, 9:58 AM
    • #3
    • 15th Apr 18, 9:58 AM
    Managing your finances well avoids charges.
    • Dobbibill
    • By Dobbibill 15th Apr 18, 4:47 PM
    • 3,050 Posts
    • 3,971 Thanks
    Dobbibill
    • #4
    • 15th Apr 18, 4:47 PM
    • #4
    • 15th Apr 18, 4:47 PM
    If you open an account for DDs (so you won't get charged if they fail) it may help you to budget better and ensure the funds are available for the DDs.

    As Jones said, LBG don't charge and are the first I thought of too.
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    It's not about being the best -
    It's about being better than you were yesterday.
    • spotify95
    • By spotify95 16th Apr 18, 10:58 AM
    • 6 Posts
    • 2 Thanks
    spotify95
    • #5
    • 16th Apr 18, 10:58 AM
    • #5
    • 16th Apr 18, 10:58 AM
    I've had a few failed direct debits yet on my current account with Halifax, they never charged me for it.
    • davethorp
    • By davethorp 16th Apr 18, 4:54 PM
    • 1,453 Posts
    • 1,075 Thanks
    davethorp
    • #6
    • 16th Apr 18, 4:54 PM
    • #6
    • 16th Apr 18, 4:54 PM
    Santander don!!!8217;t either on their 123 or 123 lite account. 123 lite could be worth a look depending what direct debits are being set up as cash back may offset the 1 a month fee. Cash back is only earned when direct debits are actually paid though

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