bob76
Posts: 103 
Likes: 22
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Post by bob76 on Sept 23, 2015 22:32:03 GMT
Hi,
Let's say I load some money several times on the same day: £100, then £200, then £300
My deficit would be £600.
Do I need to make 3 bank transfers for the very specific amounts, or can I do a single one for £600?
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
Likes: 1,212
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Post by sqh on Sept 23, 2015 22:38:04 GMT
Hi, Let's say I load some money several times on the same day: £100, then £200, then £300 My deficit would be £600. Do I need to make 3 bank transfers for the very specific amounts, or can I do a single one for £600? I used to xfer individual amounts, but now I amalgamate them and it works fine. Edit: I imagine it's easier for SS to process one transaction than three.
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webwiz
Posts: 1,133
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Post by webwiz on Sept 24, 2015 9:05:27 GMT
I have done multiple transfers to be on the safe side but as the reference on the BACS transfer is the account number I can see no reason why one should have to. Depends on SS's office procedures I suppose.
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scraggs
Member of DD Central
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Post by scraggs on Sept 24, 2015 9:49:09 GMT
Just do it in one.
I have done that several times and not had a problem
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Post by faraday815 on Sept 24, 2015 12:27:48 GMT
Like the others said, one transfer is fine. It adds the money to your SS account, which then calculates your balance based on your prior deficit.
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gt94sss2
Member of DD Central
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Post by gt94sss2 on Sept 24, 2015 19:24:49 GMT
It would be good if Saving Stream could give us a formal answer to this
I have been making multiple payments (as the instructions say) instead of lump sums on the basis this was probably easier for them.
If it makes no difference, I would of course, be happy to transfer the amount due in one payment..
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webwiz
Posts: 1,133
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Post by webwiz on Sept 24, 2015 20:19:12 GMT
It would be good if Saving Stream could give us a formal answer to this I have been making multiple payments (as the instructions say) instead of lump sums on the basis this was probably easier for them. If it makes no difference, I would of course, be happy to transfer the amount due in one payment.. We would, in fact, prefer to do it in one payment (less work for us) if it does not make any extra work for SS.
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jonah
Member of DD Central
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Post by jonah on Sept 24, 2015 21:20:21 GMT
Note to self: read instructions more.
To date I've always sent a single payment matching the deficit irrespective of how many chunks that deficit came from. No issues to far though.
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webwiz
Posts: 1,133
Likes: 210
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Post by webwiz on Sept 25, 2015 17:10:42 GMT
We know it works. The question is does it cause SS any extra admin. If not why do they ask for deposits to be registered in advance.
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