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    • mrrobinson88
    • By mrrobinson88 11th Jan 18, 9:05 PM
    • 2Posts
    • 0Thanks
    Cashplus account
    • #1
    • 11th Jan 18, 9:05 PM
    Cashplus account 11th Jan 18 at 9:05 PM

    I noticed an envelope which had Cashplus on it, addressed to my stepson. He is 18 and is currently looking for work. I asked him what it was (as I donít want him getting into debt - he has no income, meaning potential trouble arriving at my door!) but he told me it was just rubbish and put it in his pocket.

    I have done some research on Cashplus and I have a feeling heís opened a Cashplus account as itís instantly approved. My question is, why would someone open an account like this, if they are out of work and already have a current account on the high st??
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    • john1002
    • By john1002 12th Jan 18, 8:41 AM
    • 889 Posts
    • 371 Thanks
    • #2
    • 12th Jan 18, 8:41 AM
    • #2
    • 12th Jan 18, 8:41 AM
    Could be just a flyer looking to get him to open an account or he might want to build a credit history which this card can do for a small monthly charge. He might want flexibility or thinks it might be easier to get an overdraft or direct debit protection they offer after a qualifying time.

    • eDicky
    • By eDicky 12th Jan 18, 10:25 AM
    • 3,053 Posts
    • 1,391 Thanks
    • #3
    • 12th Jan 18, 10:25 AM
    • #3
    • 12th Jan 18, 10:25 AM
    A prepaid Cashplus account costs at least a fiver per month, with dubious benefits. I think they also offer credit at high interest and even a credit card.

    You could suggest to him the Loot prepaid account instead to avoid the fees, and he may then tell you what he's using Cashplus for that Loot doesn't do.
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