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  • FIRST POST
    • sgx.saint
    • By sgx.saint 26th Aug 06, 4:56 PM
    • 1,534Posts
    • 441Thanks
    sgx.saint
    Basic Bank Account & Debit Card Update
    • #1
    • 26th Aug 06, 4:56 PM
    Basic Bank Account & Debit Card Update 26th Aug 06 at 4:56 PM
    Hey All.

    Just thought I would share this information with you.

    I just opened a Yorkshire Bank - ReadyCash Account (Basic Bank Account) and I was told by the lady who opened my account that all new ReadyCash accounts now come supplied with a Dual Function Card, in this case a Switch/Maestro.

    Which to me is absolutely fantastic news as there are only a small handful of banks which offer basic banking facilities and supply a debit card. I hope this information helps people who are desperately after a debit card function and are unable to open accounts with other providers for whatever reasons.

    Thanks

    SGX
Page 1
  • Parky
    • #2
    • 26th Aug 06, 5:04 PM
    • #2
    • 26th Aug 06, 5:04 PM
    Thankyou. That is great news, so will check it out. (See my Nationwide post...)

    xxx
    • sgx.saint
    • By sgx.saint 26th Aug 06, 5:10 PM
    • 1,534 Posts
    • 441 Thanks
    sgx.saint
    • #3
    • 26th Aug 06, 5:10 PM
    • #3
    • 26th Aug 06, 5:10 PM
    No problem

    Its nice to see banks are becoming more open and flexible to the needs of all their customers, even those with poor credit ratings.
  • Turning_into_scrooge
    • #4
    • 26th Aug 06, 6:39 PM
    • #4
    • 26th Aug 06, 6:39 PM
    I got a debit card with the Co Op cash minder account, their cust serv. is quite good as well, well compared to Nationwide it is. I'm moving everything over to CO OP, thing is though I've been without a debit card for so long i keep drawing cash out and forgetting i can use the card.
    • M Thomson
    • By M Thomson 27th Aug 06, 3:06 PM
    • 1,568 Posts
    • 494 Thanks
    M Thomson
    • #5
    • 27th Aug 06, 3:06 PM
    • #5
    • 27th Aug 06, 3:06 PM
    Hey All.

    Just thought I would share this information with you.

    I just opened a Yorkshire Bank - ReadyCash Account (Basic Bank Account) and I was told by the lady who opened my account that all new ReadyCash accounts now come supplied with a Dual Function Card, in this case a Switch/Maestro.

    Which to me is absolutely fantastic news as there are only a small handful of banks which offer basic banking facilities and supply a debit card. I hope this information helps people who are desperately after a debit card function and are unable to open accounts with other providers for whatever reasons.

    Thanks

    SGX
    by sgx.saint
    Are you sure this is not Solo/Maestro? Normal Maestro cards will allow you to go overdrawn.

    Just looked at the Yorkshire bank website,
    The person you spoke to has made a mistake,

    Readycash

    If you do not require overdraft facilities and simply wish to operate your account in credit ask about our basic bank account, Yorkshire Bank Readycash.

    You will receive a Dual Function MiniBank card which will allow you to check your balance, withdraw up to £350† a day from thousands of cash machines or the Post Office and higher amounts from any Yorkshire Bank branch counter.
    Last edited by M Thomson; 27-08-2006 at 3:09 PM.
    • sgx.saint
    • By sgx.saint 27th Aug 06, 3:42 PM
    • 1,534 Posts
    • 441 Thanks
    sgx.saint
    • #6
    • 27th Aug 06, 3:42 PM
    • #6
    • 27th Aug 06, 3:42 PM
    Are you sure this is not Solo/Maestro? Normal Maestro cards will allow you to go overdrawn.

    Just looked at the Yorkshire bank website,
    The person you spoke to has made a mistake,

    Readycash

    If you do not require overdraft facilities and simply wish to operate your account in credit ask about our basic bank account, Yorkshire Bank Readycash.

    You will receive a Dual Function MiniBank card which will allow you to check your balance, withdraw up to 350 a day from thousands of cash machines or the Post Office and higher amounts from any Yorkshire Bank branch counter.
    Yes, the dual function card is a Maestro Card, which means it is a debit card and can be accepted anywhere with the Maestro Logo, which I believe used to be called Switch.

    My point was that previously Yorkshire Bank had not offered a "debit card" with their basic account. Now they do offer a debit card in the form of a Maestro Card. Of course this card does not offer cheque guarantee and such like, but that goes without saying.

    There has been no mistake. The card now issued by YB for their ReadyCash account is a Debit Card. Information which I hope helps others who are unable to get a basic account with debit card elsewhere i.e. Nationwide/Co-Op etc.
    • sgx.saint
    • By sgx.saint 27th Aug 06, 3:44 PM
    • 1,534 Posts
    • 441 Thanks
    sgx.saint
    • #7
    • 27th Aug 06, 3:44 PM
    • #7
    • 27th Aug 06, 3:44 PM
    Oh, its not the "Maestro Card" that allows you to go overdrawn. Its all electroniclly communicated now-a-days. Its your account which will let you go overdrawn. So if you have an overdraft you can overdrawn using your Maestro, if you do not have an overdraft again the Maestro will not let you go overdrawn.
    • M Thomson
    • By M Thomson 27th Aug 06, 3:49 PM
    • 1,568 Posts
    • 494 Thanks
    M Thomson
    • #8
    • 27th Aug 06, 3:49 PM
    • #8
    • 27th Aug 06, 3:49 PM
    Oh, its not the "Maestro Card" that allows you to go overdrawn. Its all electroniclly communicated now-a-days. Its your account which will let you go overdrawn. So if you have an overdraft you can overdrawn using your Maestro, if you do not have an overdraft again the Maestro will not let you go overdrawn.
    by sgx.saint
    I think the card you get maybe a Solo Card with Maestro functionality. The maestro functionality bit means you can use it in ATM's worldwide and shops which take Maestro. It is not the same as the full facility Maestro card which will allow you to go overdrawn.
    • sgx.saint
    • By sgx.saint 27th Aug 06, 3:51 PM
    • 1,534 Posts
    • 441 Thanks
    sgx.saint
    • #9
    • 27th Aug 06, 3:51 PM
    • #9
    • 27th Aug 06, 3:51 PM
    Hmm. I am not 100% sure.

    I can tell you that the Solo Logo is no where to be seen on the card as I have just received mine

    Also, there is no mention of Solo anywhere in the documentation.

    Yes, the Maestro is the method/function which does make the card a debit card. This was my original point, YB now offer a Maestro Debit Card
    • sgx.saint
    • By sgx.saint 27th Aug 06, 3:53 PM
    • 1,534 Posts
    • 441 Thanks
    sgx.saint
    Just queried this with YB Telephone Banking ( I was on the phone to them whilst posting lol)

    The card is a 100% Maestro, with no link to Solo etc.

    The card is the same as the ones issued to other customers apart from it does not bear the "cheque guarantee" logo.

    The details on overdrafts etc are handled at an electronic level, so as I mentioned previously when you use the card, YB determines if you have an overdraft or not and will allow/or not allow you to go overdrawn.
  • Kilty
    Difference is (or so I am lead to believe) that Maestro can allow you to go overdrawn without an authorised overdraft.

    Maestro/Switch/Visa Debit cards are not always checked by the retailer to see if you have sufficient funds, until transactions reach a certain amount. This means that you can go overdrawn, authorised or not and would mean you'd incur bank charges.

    Solo/Electron cards require authorisation by the issuing bank for ANY transaction and are refused if there is not enough funds in the account.

    Looks like a bad idea for a basic account to me, but its just what Clydesdale/Yorkshire Bank is doing. I've been told my Clydesdale Bank account's card is being changed to Maestro, where I'd have previously been inelegible for one since I'm under 18. (although they still say that their student account does not come with a a dual function card if the applicant is under 18, and they are now making me change my account to a student/current account :confused

    Summary of my rant: Maestro is good because of wide acceptance, but always ensure you have enough in your account to cover purchases as there's a chance the money will be taken anyway, leaving you in the red, overdraft facility or not!.
    • sgx.saint
    • By sgx.saint 27th Aug 06, 5:30 PM
    • 1,534 Posts
    • 441 Thanks
    sgx.saint
    Summary of my rant: Maestro is good because of wide acceptance, but always ensure you have enough in your account to cover purchases as there's a chance the money will be taken anyway, leaving you in the red, overdraft facility or not!.
    Well said. I always keep an eye on my balance daily so the Maestro Card is a welcome upgrade
    • max2002ad
    • By max2002ad 27th Aug 06, 5:46 PM
    • 288 Posts
    • 402 Thanks
    max2002ad
    What do you need to open this basic bank account ?
    My Motto in Life:

    Make Every Penny Count !!!!
  • Lucymiss
    I too have the Yorkshire Bank's Readycash account and it's certainly a Maestro card!! Can now use it on the Trainline and have used it on National Express (who don't accept Electron) I've used in in Morrison's Supermarket and it comes up as Switch. What a great idea of YB to issue Maestro cards on their basic accounts, I had problems with the Electron card.

    Lucy

    A REFORMED Credit Addict*
  • Penny-Pincher!!
    We dont have one near us:confused: This would be ideal for my sister and SIL.

    PP
    xx
    To repeat what others have said, requires education, to challenge it,
    requires brains!

    FEB GC/DIESEL 200/4 WEEKS
    • sgx.saint
    • By sgx.saint 27th Aug 06, 9:48 PM
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    • 441 Thanks
    sgx.saint
    What do you need to open this basic bank account ?
    A form of photographic ID, i.e. Passport or Driving Licence and proof of address i.e. Council Tax Bill. A basic credit check is then carried out on yourself just basically to confirm who you are and hey presto the account is opened

    We dont have one near us This would be ideal for my sister and SIL.
    Is their a Clydesdale Bank near you? If so they are a sister bank to YB and they offer the same account (different name) and probably offer therefore the Maestro Card too.
  • Turning_into_scrooge
    Hey All.

    Just thought I would share this information with you.

    I just opened a Yorkshire Bank - ReadyCash Account (Basic Bank Account) and I was told by the lady who opened my account that all new ReadyCash accounts now come supplied with a Dual Function Card, in this case a Switch/Maestro.

    Which to me is absolutely fantastic news as there are only a small handful of banks which offer basic banking facilities and supply a debit card. I hope this information helps people who are desperately after a debit card function and are unable to open accounts with other providers for whatever reasons.

    Thanks


    SGX
    by sgx.saint
    I didn't actually know Yorkshire Bank did a visa electron card, Do they actually advertise this or is it a new area for them? When i was changing banks recently i chose CO OP because they have a debit card, but not many do. Natwest was out of the question but i do know they have a debit card account for poor credit ratings. I found no advertising for Yorkshire bank and a debit card, obviously looking in the wrong place again:confused: .
    • sgx.saint
    • By sgx.saint 28th Aug 06, 2:56 PM
    • 1,534 Posts
    • 441 Thanks
    sgx.saint
    I didn't actually know Yorkshire Bank did a visa electron card, Do they actually advertise this or is it a new area for them? When i was changing banks recently i chose CO OP because they have a debit card, but not many do. Natwest was out of the question but i do know they have a debit card account for poor credit ratings. I found no advertising for Yorkshire bank and a debit card, obviously looking in the wrong place again .

    They dont offer a Visa Electron, they now offer a full blown Maestro (i.e. Switch) Debit Card.

    • msaquib
    • By msaquib 28th Aug 06, 6:26 PM
    • 712 Posts
    • 61 Thanks
    msaquib
    Can you apply for an Readycash account over the phone or by post?

    SM
    • sgx.saint
    • By sgx.saint 28th Aug 06, 6:33 PM
    • 1,534 Posts
    • 441 Thanks
    sgx.saint
    Can you apply for an Readycash account over the phone or by post?
    As far as I am aware, you can only apply in Branch. But as I said before, if there is no YB near you, try looking for your nearest Clydesdale as they will most likely offer the same card on their version of the account.
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