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UK eBay & Paypal General discussions about eBay.co.uk Suspensions and Paypal.co.uk limited accounts. This forum is geared towards UK eBay & Paypal sellers.

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  #1  
Old 08-14-2017
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Default Saver accounts

What are some good banks where you are able to open multiple saver accounts that are compatible with PP withdrawals?
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  #2  
Old 08-14-2017
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Default Re: Saver accounts

Bank of Scotland, Halifax, Cooperative bank, santander.
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Old 08-14-2017
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Default Re: Saver accounts

HSBC, Natwest and Barclays (savings and current accounts) work a treat too.

The only ones I would avoid are Lloyds, TSB (and possibly Halifax as it falls under the same branch) - they are more likely to cause a fuss with mismatched names.
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Old 08-15-2017
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Default Re: Saver accounts

Barclays is quite good.

I have Barclays current account and can open multiple savers instantly from the online banking.

Hsbc is the same.
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  #5  
Old 08-16-2017
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Default Re: Saver accounts

Hi, which is best for barclays? The everyday saver or Instant Cash ISA?
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Old 08-16-2017
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Default Re: Saver accounts

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Originally Posted by simmessi View Post
Hi, which is best for barclays? The everyday saver or Instant Cash ISA?
Stick to everyday saver. You really don't want to be eating into your yearly ISA allowance for the sake of a bank account.

P.S. take advantage of your yearly ISA allowance
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Old 08-17-2017
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Default Re: Saver accounts

Is it bad that I'm 20 and I have no idea what an ISA allowance is lol?
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Old 08-22-2017
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Default Re: Saver accounts

HI. Do you know Is it okay to withdraw from paypal every month 4k-5k with barclays everyday saver account?
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Old 08-31-2017
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Default Re: Saver accounts

barclays lloyds halifax
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Old 08-31-2017
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Default Re: Saver accounts

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Originally Posted by simmessi View Post
Is it bad that I'm 20 and I have no idea what an ISA allowance is lol?
Not bad. But if you are saving money, you want to be using an ISA account.

If you reinvest all your money back into your business, then dont worry about ISA.

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Originally Posted by amonasra View Post
HI. Do you know Is it okay to withdraw from paypal every month 4k-5k with barclays everyday saver account?
That question lacks context. So hard to answer.
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Old 08-31-2017
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Default Re: Saver accounts

I have about 4 Lloyds saver accounts that are good to verify and withdraw to. But cannot be used to send payments.
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Old 09-01-2017
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Default Re: Saver accounts

Do saver accounts definitely not run credit checks?
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Old 09-01-2017
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Default Re: Saver accounts

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Originally Posted by meloncoly View Post
I have about 4 Lloyds saver accounts that are good to verify and withdraw to. But cannot be used to send payments.
just transfer the money to your main lloyds account, then send it.
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Old 09-01-2017
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Default Re: Saver accounts

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Originally Posted by ebayproblems2012 View Post
Do saver accounts definitely not run credit checks?
you need a current account first. then you make the savings accounts off that main one. you will be credit checked for a current account with any new bank
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  #15  
Old 09-01-2017
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Default Re: Saver accounts

Quote:
Originally Posted by meloncoly View Post
I have about 4 Lloyds saver accounts that are good to verify and withdraw to. But cannot be used to send payments.
Send to another bank? You should be able to, unless its an internal savings account, usually common with nationwide, where you can only transfer between your own accounts, rather than pay a friend.

Quote:
Originally Posted by ebayproblems2012 View Post
Do saver accounts definitely not run credit checks?
Correct. The only credit check carried out is when you first open a current account (as per usual). The impact it has on your score usually rectifies within a few months anyway.
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