One payment type on the savings plan is Variable Recurring Payment (VRP).
The Variable Recurring Payment (VRP) method is not yet supported by all banks. VRP is currently supported by the below UK banks:
- AIB Group UK (trading as First Trust Bank in Northern Ireland)
- Bank of Ireland (UK)
- NatWest Group (including NatWest, Royal Bank of Scotland & Ulster Bank NI)
- Northern Bank Limited (trading as Danske Bank)
- Santander UK
- Monzo
If your bank does not yet support VRPs, we will default your payment method to Direct Debits.
Keep an eye out on our Community Forum for our latest updates, including any updates we will make to our Savings Plan and when new banks adopt the technology.
See also: What are Variable Recurring Payments and how can I start using them?