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These are the best savings accounts to use in the U.K.
 

Hi everyone,

A very quick post to help members on the forum the best savings accounts to use for eBay managed payments missmatch names in the U.K. :)

1) Santander everyday saver and esavers
2) Halifax savers
3) Lloyds savers
4) bank of Scotland savers
5) TSB savers

I’ve tried nationwide but nationwide wasn’t working didn’t allow micro deposits to go through. Had really bad experiences in the passed with NatWest where they shut my account down years ago. Amazingly I have a NatWest account again but don’t use it for eBay.

I also bank with HSBC but it’s a basic account and they won’t allow me to open savings accounts. I’ve also heard bad reviews on HSBC savings account for eBay.

Anyway that’s my top 5 accounts I use for eBay. Receiving payouts without any issues :)

Re: These are the best savings accounts to use in the U.K.
 

when you say halifax savers, do you mean current accounts?

Re: These are the best savings accounts to use in the U.K.
 

you can just do current accounts , there are various options in the UK , even more than one current at same bank

Re: These are the best savings accounts to use in the U.K.
 

No I don’t use current accounts for eBay. I use savings accounts so Halifax everyday saver accounts. I have current accounts/basic accounts but will open savings accounts with the banks and use them for eBay.

Re: These are the best savings accounts to use in the U.K.
 

Banks have different criterias all the time some will work today, others wont.

A decade ago when I tried opening a HSBC account at the branch they insisted I close all my other accounts to bank with them. But in recent years it took 5 minutes to open one online.

Re: These are the best savings accounts to use in the U.K.
 

HSBC did not want dual banking in the past but nowdays all UK banks accept people who have accounts elsewhere , I know of only one bank that does not , that is the bank of ireland

Re: These are the best savings accounts to use in the U.K.
 

HSBC has indeed relaxed its rules in the past 4 years

Re: These are the best savings accounts to use in the U.K.
 

Sam can you confirm Santander Everyday Saver receives micro deposits fine? It's been a few days but nothing showing yet.

Thanks

Re: These are the best savings accounts to use in the U.K.
 

Yes Santander everyday saver accounts are great to use. They normally send deposits to your bank 3 days after your first sale has been made. It’s like this with all savings accounts I use.

Re: These are the best savings accounts to use in the U.K.
 

Some weekend delays can be expected, normal

Re: These are the best savings accounts to use in the U.K.
 

Thanks for confirming Sam, it's been around 4-5 days so hopefully will come through soon.

Re: These are the best savings accounts to use in the U.K.
 

Have you sold an item? If you havnt sold an item it will take longer to come through but if you sold an item should be 3 days after first sale.

Re: These are the best savings accounts to use in the U.K.
 

Not had an issue with Natiowide personally

Smaller online banks like Starling can also easily be used so long as the PayPal or eBay is set up in the right way

Re: These are the best savings accounts to use in the U.K.
 

I've just had this message come through after confirming the micro deposits earlier today. They are still in the account so it looks like Santander doesn't support DD so the account is refused for fee payments?

We require sellers to maintain a payment method on file to pay for fees and other selling costs. Your payouts are on hold because eBay has determined that your current payment method is not valid. This can happen if attempts to debit your bank account or charge your card have been declined, returned, or eBay could not confirm microdeposits to your account. Learn more

To get paid, please add a payment method to your eBay account.

Re: These are the best savings accounts to use in the U.K.
 

Add a VCC to your account and you should be good to go

Re: These are the best savings accounts to use in the U.K.
 

Okay but I'd really like to try and avoid VCC's if possible. I think it should work fine with the bank but I'm not sure why it's failed?

Thanks

Re: These are the best savings accounts to use in the U.K.
 

Just create a revolut account in your name it’s really easy to do and use a disposable card it works perfectly.

The purpose of having a VCC is if you need to refund someone they will use the card but you can top up the card using your bank it’s really easy to do and get paid into your Santander savings account.

Re: These are the best savings accounts to use in the U.K.
 

It won't work fine. You have only 2 choices, add a Credit Card/VCC or find a bank which will accept Direct Debits.

Re: These are the best savings accounts to use in the U.K.
 

Thanks for the help again Sam. The Revolut card is registered in my real name and address. So when I use the VCC on the ebay account it doesn't matter that name + add don't match with Ebay? Do I have to ensure the card is never debited so the mismatch isn't revealed?

Thanks again

Re: These are the best savings accounts to use in the U.K.
 

No it doesn’t matter as you top up the card up. I’ve not refunded anyone using the card but I have added a little money to test with fees and not had any issues with it.

Sometimes when you print a label through PayPal check out as a guest sometimes it might take 2/3 attempts to work other times it will work instantly and other times it won’t work but I just use another disposable card and works all the time.

Re: These are the best savings accounts to use in the U.K.
 

Thanks again Sam, I'll get the card linked up.

Please can anyone else confirm if allowing a refund though the card, or paying fees long term is known to cause issues if name and address is mismatched?

Thanks

Re: These are the best savings accounts to use in the U.K.
 

I honestly wouldn’t worry about it eBay take fees off your sale it’s not like it was with PayPal where you have to pay fees manually. my accounts have been running for about 4 to 5 months now and I’ve still got the same VCC on most of my accounts.

Only if I change an account over I will change bank and VCC to match name on eBay account.