Savings accounts deposits by Direct Debit?

A question about : Savings accounts deposits by Direct Debit?

As of April 1 2014, this post is no longer being updated. Please check latest postings in the thread for any possible updates.

List of savings accounts providers that allow, and don't allow, deposits by Direct Debit (as opposed to by SOs, debit cards etc etc).

Please add a reply if you have anything additional to report, or if you spot something incorrect. I will update this post as appropriate so we got the list all in one place.

Providers with Direct Debit feed:
Aldermore (by posting filled-in form, printed from site)
AA (1st deposit by cheque)
Egg (Yorkshire BS; allowing multiple DDs on same account)
Bank of Ireland Websave
BM Savings (existing accounts only)
Britannia BS
Cheshire BS https://www.thecheshire.co.uk/Custome...t-Debit-forms/. Might only be for mortgages and insurances
First Save
GE Capital
ICICI
Intelligent Finance
Monmouthshire Building Society (must use paper forms)
Nationwide Mysave (1 DD only)
Newcastle BS ( Multiple Newcastle accounts can each have their own DD but only to one nominated current account. Can also set up regular payments back to linked account but be careful, withdrawals might affect the interest rate you get paid at Newcastle.)being withdrawn mid 2014
Post Office (online set up)
Principality BS (can have more than one linked account; to set up, call 029-2038-2000, or send paper forms. As of 01/04/2012, apparently no new DDs can be set up)
Saga (if you are 50+; 1st deposit by cheque)

Scottish Widows
TESCO Bank (multiple DDs allowed, on both, their Internet Saver and their Instant Access Saver)
West Bromwich BS (selected accounts)
YBS offset savings if you have a mortgage there (allows multiple DDs)

Minimum opening deposits apply in some cases.

Offshore banks, such as Nationwide International, might allow DDs - - but beware, they have no FSCS protection.

ZOPA, Paypal, Charities, National Lottery: not exactly savings accounts, but they allow Direct Debits. Also Ratesetter (https://www.ratesetter.com/blog/Regular_Lender_Blog.htm)

See below for a list of charities accepting low-value DDs. More charities via https://www.justgiving.com/

If you have regular investments with firms like H&L or Investdirect, you might be able to set up Direct Debits with them.

Savings providers with no Direct Debit feed:
- most high street banks
- 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)

Some charities that accept Ј1 (or less) DDs:
(don't forget to tick Gift-Aid if you are a tax payer. Also, all companies pay about 50p to Ј1 per DD transaction, so please don't be mean!)
https://www2.amnesty.org.uk/giving/donate/give-monthly

https://www.unicef.org.uk/Donate/give-monthly/

https://www.redcross.org.uk/Donate-No...Giving-Appeals

https://england.shelter.org.uk/donate

https://www.oxfam.org.uk/donate

https://donations.rspca.org.uk/directdebit.aspx

https://www.wateraid.org/uk/

https://www.christian.org.uk/support/index.htm (1p min)

Politics:
https://www.edirectdebit.com/conserv...ty/step-1.aspx (min Ј1)

https://www.womensaid.org.uk/page.asp...tle=Donate+now (min 1p, apparently)

Best answers:

• I believe the AA use DD (at least they are set up on one of my LTSB Vantage accounts ).
• Saga.
  Do you qualify?
  I think Egg do too, although I've not used them for some time since they killed off their competitive position.
• Don't Nationwide International do one?
• If this thread is linked to today's Vantage 4% thread, many of these savings accounts accepting deposits by DD require the opening deposit to be via cheque from the linked account.
  Many Vantage customers using them purely for savings accounts are unlikely to have multiple cheque books. I know I don't.
  BTW, Egg is now Yorkshire BS, not Yorkshire Bank.
• Newcastle BS and West Bromwich BS require deposits by DD only on some of their accounts and don't allow Faster Payments in, which is why I am trying to avoid them!
  innovate - Do you have a special reason for wanting this information?
• I try to avoid accounts that require deposits by DD. Paying in by pushing from my current account goes by Faster Payments. DDs take a few banking days to arrive.
  ING Direct requires that a DD is set up though Faster Payments in are also permitted.
• Others NOT allowing DD deposits on some of their accounts at least
  Coventry
  Derbyshire
  Skipton
  Northern Rock
• Slightly off topic, but it baffles me that some institutions allow Direct Debit as a means for funding a savings account, let alone the few that insist upon it.
  It makes me doubt whether these institutions understand the risk they're exposing themselves to under the Direct Debit guarantee scheme
• Think they want to reward main current account customers, you have to ask yourself the question. Is it worth the hassle?
  Pity HSBC and First Direct don't accept DD's
• I seem to recall that tesco allow multiple linked accounts to a single savings account. So might be able to set up DD's from multiple vantage accounts from a single savings account. But I might have got that wrong.
  In fact, I vaguely recall another provider where different savings accounts could have separate linked accounts. Sorry, I can't remember who that was now, but if someone else can remember, and if they allow as many savings accounts as you want, that would saving having to apply to multiple institutions to get lots of DD links.
  While not a savings account, zopa also allows payments by DD. (But I don't think ratesetter do.)
• Could also use zopa and PayPal as they are easy dd,
  oh and Ge capital direct savings accounts
• Looks like Santander might allow DD's - can't set it up online but it says you can use telephone banking to request a form to nominate an account. And maybe you can have a different DD per savings account.