New Posts For Thread: Why do modern current accounts value Direct Debits so highly?https://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highlyAll new versions require at least two regular D/Ds be set up in order for them to receive interest.Yet regular payments that arnt DDs don't count, like Spotify subs or frequent debits etc.So what do the banks get out of it?They even allow you to setYeah balls to the banks ffs.I have the answer now if anyone cares for it.You setup a tesco online saver account and if needed the regular saver too.They both accept direct debits into them and each allow three.You can therefor satisfy 6 DDs and not lhttps://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552183793#552183793Yeah balls to the banks ffs.I have the answer now if anyone cares for it.You setup a tesco online saver account and if needed the regular saver too.They both accept direct debits into them and each allow three.You can therefor satisfy 6 DDs and not lMon, 19 Jun 2017 16:19:38 -0500I see nothing wrong with people taking 'free munny' from banks, I don't bother, but that's my choice, like Foinaven I bother if being ripped off by insurance parasites.https://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552179553#552179553I see nothing wrong with people taking 'free munny' from banks, I don't bother, but that's my choice, like Foinaven I bother if being ripped off by insurance parasites.Mon, 19 Jun 2017 05:58:21 -0500Ovalman, you have to play by the bank's rules for a year to claim a small amount, which I accept is valuable to those on a tight budget like students. After 12 months inflation only you can judge if the gain is really worth the time and trouble.I'm shttps://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552179509#552179509Ovalman, you have to play by the bank's rules for a year to claim a small amount, which I accept is valuable to those on a tight budget like students. After 12 months inflation only you can judge if the gain is really worth the time and trouble.I'm sMon, 19 Jun 2017 05:41:38 -0500I kept Santander also.Running out of DDshttps://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552178847#552178847I kept Santander also.Running out of DDsSun, 18 Jun 2017 22:49:50 -0500I left mine in santander .. now that's no effort in answer to the Question they probably 'sell' your money off about a year in advance of actually recieving it , few grand per year off every household on their books , this time next year son .... luvhttps://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552178709#552178709I left mine in santander .. now that's no effort in answer to the Question they probably 'sell' your money off about a year in advance of actually recieving it , few grand per year off every household on their books , this time next year son .... luvSun, 18 Jun 2017 21:19:22 -0500BoS is 5k eachhttps://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552177551#552177551BoS is 5k eachSun, 18 Jun 2017 16:22:30 -0500Actually I'm just finishing off making up for Santander slashing their 3% on 20k by putting another 21k into five linked accounts, they just feed into one another, there are three BoS that pay 2% on 4K each and two tesco bank that pay 3% on 3K eachThhttps://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552177539#552177539Actually I'm just finishing off making up for Santander slashing their 3% on 20k by putting another 21k into five linked accounts, they just feed into one another, there are three BoS that pay 2% on 4K each and two tesco bank that pay 3% on 3K eachThSun, 18 Jun 2017 16:21:45 -0500I think your waiting on the asteroid strike Zorrohttps://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552177343#552177343I think your waiting on the asteroid strike ZorroSun, 18 Jun 2017 15:49:30 -0500When you deposit money into a bank account, it's no longer your money. It's their money. It's convenient for now, very friendly now. but if that bank collapses you are up a greasy pole. Recap 2008 - Try and buy assets. that can be liquidized later.https://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552177335#552177335When you deposit money into a bank account, it's no longer your money. It's their money. It's convenient for now, very friendly now. but if that bank collapses you are up a greasy pole. Recap 2008 - Try and buy assets. that can be liquidized later.Sun, 18 Jun 2017 15:47:18 -0500Spot on donny, better in your pocket than theirs.https://community.betfair.com/chit_chat/go/thread/view/94038/30891787/why-do-modern-current-accounts-value-direct-debits-so-highly?post_id=552176663#552176663Spot on donny, better in your pocket than theirs.Sun, 18 Jun 2017 14:31:28 -0500