Re: Paypal UK - HSBC Saving Account
James is absolutely right, by default MOST high street saving accounts cannot accept a Direct Debit Mandate. They are not originally designed too. They are however some saver type accounts which are now beginning to accept direct debit payments (often online). Some of these providers are listed below:
TESCO Bank (multiple DDs allowed)
West Bromwich BS (selected accounts)
Egg (Yorkshire BS; allowing multiple DDs on same account)
Bank of Ireland Websave
BM Savings (existing accounts only)
GE Capital
The Savings providers below (which are most high street banks) dont have a Direct Debit feed:
- Barclays savings accounts
- Barnsley BS
- Cambridge BS
- Chelsea BS
- Coventry
- Derbyshire
- KRBS
- LLoyds savings accounts
- M&S Savings
- N&P
- National Counties
- Northern Rock
- Nottingham Building Society
- Saffron BS
- Sainsbury's Bank
- Skipton
- Yorkshire BS (except for old Egg accounts, it seems)
For best stealth results, pretty much everyone on here would recommend opening a basic current account. Afterall Its not any harder than opening a savers account so why go for cotton when you can have silk as the saying goes
Last edited by GreenBean; 01-15-2014 at 02:55 AM.
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