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Do we need a thread on what type of savers accnt or basic or cash acnt needed for MP
 

Same as above ..So Savers accounts dont work right ?

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

it needs to be able to handle a direct debit mandate

I do not think most saver accounts are equipped for that

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

But how to you get multiple other accounts that are not savers do they let you have multiple current accnts

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

This is not true savers do work my accounts are using savings accounts no problem all they need is a sort code and account number to receive payments

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

Yes but what about the payouts?

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

The word 'saver' is pointless as each banking institution uses this word to describe a whole range of account types.

Some banks have satellite accounts to your main current account to encourage you to save. It's called a saver account but is effectively a basic current account. These will work. I have used them.

Some banks have savings accounts. These are accounts which are designed to keep your savings with them and access is deliberately restricted to encourage you to leave your monies intact. These wont work.

Folk need to start looking for banks with the first feature I describe. But be sure than once they see you using it for business purposes and not simple/normal savings they will question you - as many of us know.

Then there's the option of simply opening up a new current account and respecting it by making your stealth account a legitimate sales outlet so the need for countless accounts is gone.

If you're a seller of dodgy wares and are a burner account person then you either need to find a very accommodating bank or change your business model. There will be those dedicated to selling codes etc and they will put in a lot of effort to make it work. They will put in the hard yards and aren't the sort who frequent this forum. The chancer who simply comes here to have their hand held is doomed to failure, some would say rightly so.

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

There is no problem with payouts I have 2 ebay accounts with savings accounts and have been getting payout for over 6 months now

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

with savings accounts it is more like unreliable gambling , some people can use them , others don't , I would say you are on the bright side if you just take a current account

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

Yea current account are better but the bank need more information every time you open another one, saving accounts are easy to open I have 8 savings accounts with the one bank

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

I have used a natwest savers for managed payments, have not had a payment yet but hope it works fine as it is the one i have used with PP for years.

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

May i ask what bank you use cos iv got 3 banks im hoping iv got one like yours :)

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

So how do you know waht you got cos iv got about 9 savers accounts in 3 different banks ?

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

You mean specifically for UK accounts?

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

Hello Uavmods,

I have sent you a PM.

Thank you.

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

Which 3 banks?

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

If it was a different user asking i'd tell them exactly the process, but because its Bradd and he is a *** who needs spoon feeding with everything. I won't.

Re: Do we need a thread on what type of savers accnt or basic or cash acnt needed for
 

How is your Natwest Saver account getting along with Managed Payments?