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  #1  
Old 09-22-2022
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Default 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

Iíve tried nationwide but nationwide wasnít working didnít 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 donít use it for eBay.

I also bank with HSBC but itís a basic account and they wonít allow me to open savings accounts. Iíve also heard bad reviews on HSBC savings account for eBay.

Anyway thatís my top 5 accounts I use for eBay. Receiving payouts without any issues
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Old 09-24-2022
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Default Re: These are the best savings accounts to use in the U.K.

Quote:
Originally Posted by samspalace View Post
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

Iíve tried nationwide but nationwide wasnít working didnít 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 donít use it for eBay.

I also bank with HSBC but itís a basic account and they wonít allow me to open savings accounts. Iíve also heard bad reviews on HSBC savings account for eBay.

Anyway thatís my top 5 accounts I use for eBay. Receiving payouts without any issues

when you say halifax savers, do you mean current accounts?
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  #3  
Old 09-25-2022
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Default 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
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Old 09-25-2022
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Default Re: These are the best savings accounts to use in the U.K.

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Originally Posted by kalel12 View Post
when you say halifax savers, do you mean current accounts?
No I donít 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.
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  #5  
Old 09-25-2022
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Default Re: These are the best savings accounts to use in the U.K.

Quote:
Originally Posted by samspalace View Post
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

Iíve tried nationwide but nationwide wasnít working didnít 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 donít use it for eBay.

I also bank with HSBC but itís a basic account and they wonít allow me to open savings accounts. Iíve also heard bad reviews on HSBC savings account for eBay.

Anyway thatís my top 5 accounts I use for eBay. Receiving payouts without any issues
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.
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Old 09-25-2022
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Default 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
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Old 09-25-2022
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Default Re: These are the best savings accounts to use in the U.K.

HSBC has indeed relaxed its rules in the past 4 years
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Default 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
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Old 10-29-2022
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Default Re: These are the best savings accounts to use in the U.K.

Quote:
Originally Posted by sam999 View Post
Sam can you confirm Santander Everyday Saver receives micro deposits fine? It's been a few days but nothing showing yet.

Thanks
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. Itís like this with all savings accounts I use.
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Old 4 Weeks Ago
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Default Re: These are the best savings accounts to use in the U.K.

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Originally Posted by samspalace View Post
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. Itís like this with all savings accounts I use.
Some weekend delays can be expected, normal
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Default 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.
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Default Re: These are the best savings accounts to use in the U.K.

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Originally Posted by sam999 View Post
Thanks for confirming Sam, it's been around 4-5 days so hopefully will come through soon.
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.
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Old 4 Weeks Ago
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Default 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
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Default 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.

Last edited by sam999; 4 Weeks Ago at 10:40 PM.
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Default Re: These are the best savings accounts to use in the U.K.

Quote:
Originally Posted by sam999 View Post
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.
Add a VCC to your account and you should be good to go
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Default 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
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Default Re: These are the best savings accounts to use in the U.K.

Quote:
Originally Posted by sam999 View Post
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.
Just create a revolut account in your name itís 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 itís really easy to do and get paid into your Santander savings account.
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Old 4 Weeks Ago
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Default Re: These are the best savings accounts to use in the U.K.

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Originally Posted by sam999 View Post
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
It won't work fine. You have only 2 choices, add a Credit Card/VCC or find a bank which will accept Direct Debits.
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Default Re: These are the best savings accounts to use in the U.K.

Quote:
Originally Posted by samspalace View Post
Just create a revolut account in your name itís 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 itís really easy to do and get paid into your Santander savings account.
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
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Old 4 Weeks Ago
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Default Re: These are the best savings accounts to use in the U.K.

Quote:
Originally Posted by sam999 View Post
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
No it doesnít matter as you top up the card up. Iíve 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 wonít work but I just use another disposable card and works all the time.
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Default 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
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Default Re: These are the best savings accounts to use in the U.K.

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Originally Posted by sam999 View Post
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
I honestly wouldnít worry about it eBay take fees off your sale itís 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 Iíve 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.
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