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MSE News: Overdraft interest rates at record high
This is the discussion thread for the following MSE News Story: "The average rate banks and building societies charged customers who went into the red rose to 19.1% during the month ..." Read the full story: Overdraft interest rates at record high
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When exactly do Santander pay the £100 switching bonus?
Do they follow their T&C's on this, i.e. as per:- "£100 will be paid into your new account within 3 months of account opening providing you have at least one active direct debit (paid at least once) set up on the account within 11 weeks and have paid in at least £1,000 each month. If you do not have any direct debits to…
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How much do you live on per year?
What is your annual expenditure? I'm not asking what your income is ....someone earning £50k might be only spending £15k per annum therefore managing to save £35k a year or someone earning £15k might be spending £25k per annum and getting more and more into debt. I was just wondering how much (or how little) MSEers and…
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Reduction in overdraft - unable to pay back - advice please
Hi, I'm new to the forum but was hoping that somebody would be able to answer a couple of questions. My husband has no income and Nationwide have just reduced his overdraft by £120 effective from the end of this month. The account is in his name only. Can anybody advise me on what course of action Nationwide may take…
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Direct Debits
Hi, I have had a current account with HSBC for 17 years and have gone over my overdraft by accident resulting in 2 DD's being returned to sender. The bank have charged me £25 each and the companies have charged me too. After this the bank have now cancelled all of my direct debits without informing me. Meaning more…
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Minimum Balance?
Hey, I have all my savings with either Halifax or Santander and with both I have a Current Account. At the moment I keep £50 in each as the minimum balance. I don't use these accounts for any DD, just purely for savings, but I'm wondering would it be alright if I keep at balance of just £1 in each? Thanks.
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LloydsTSB Charges for Arranged Overdraft
Hi Guys I have all my accounts (Current, Savings, Joint etc but no loans or Credit cards). I now hear from them that they are going to start charging £5 every month i use my overdraft. I try not to use my overdraft of course and usually just about manage it and so just pay about £1 or so interest. This is increase in…
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which account not from LBG or first direct
Any accounts not from LBG or First direct that anyone would recommend. Requirements are simple. Apply solely online and have faster payments
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Switch Current Account (A&L to Halifax)
Good Evening! Over a year ago I switched my account using the switching service from Barclays to A&L. I got the 5% interest and the £100 for switching so all good. Now my interest rate on the current account has plummeted so I am very tempted in moving to Halifax to get the £50 switching fee and £5 a month (I earn over…
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Transferring money between bank accounts?
Hi, This is a trivial question, but one I'm not sure about. I have 2 bank accounts (2 seperate banks) and was wondering if I can transfer money (over £1k) from one bank account to the other using a cheque from one of them and writing that cheque to myself for the other bank? Or is it better to just call the bank and…
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Metro Bank
Hi Does anyone know if there are minimum/regular funding requirements for the Metro Bank current account? The debit card looks like a good one to have for travelling so I'm considering opening one (if I don't have to do this!) Thanks
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Is there any real disadvantage of a basic account?
I have had a current account with Alliance and Leicester for 6 years, all was fine until Santander got involved and its now gone t*ts up. So applied for a First Direct account got turned down, Applied for Ulster Bank and they offered me a Basic account. At the min I don't have an overdraft, A&L would never give me one, I…
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Euro Bank Account in UK?
Hi, A friend of mine has a property in Cyprus which she hopes to sell soon. She has just asked me if she can open a Euro currency bank account here so that she can put the proceeds in that account and transfer it to a sterling A/C at her leisure. I said I'm not sure. Anyone know? She banks at HSBC but any bank would do.…
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Switching to Santander high interest current account...
If you open this account, is there any requirement to use it as your 'proper' current account, other than paying in the £1000/month? i.e., could I open it but keep my salary being paid into my existing account and immediately pay £1000 of it into the Santander account? Would that satisfy the requirements for 'switching' my…
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Nationwide - CashCard+ Visa Debit - 4659 Online/Offline?
Got a Visa Debit CashCard+ with Nationwide, now, I know some Cards are being badged as Visa Debit but still being a Electron underneath, but this card does not act in this way. The card starts 4659... The AID on receipts is 31010... I have used it at Holland & Barrat where Electrons are not accepted and some Visa cards…
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Eurocheques abroad?
Hello, I wonder if someone could advise me. At the begining of August, myself and partner went to Northern Cyprus for a weeks holiday. Not having been abroad for circa 10 years, I took with me both my credit cards and also my book of Eurocheques which I had been given by the bank when I last travelled abroad. As they still…
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Why do I never get charged for arranged overdraft (natwest)?
Hi, on my Natwest bank account (CURRENT PLUS) I have £1500 arranged overdraft (which I never wanted in the first place), but now that my workplace is bust it's coming in handy, Here's the thing I'm moving away from UK (thank god!) and I have plenty of money on my offshore bankaccount, but my UK account is -£500 right now…
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late direct debits
bit off topic but im hopeing someone can help me. My son goes to nursery. His fees are ment to come out of my account on the 1st of each month. Today is the 9th and the money still hasnt come out of my account. Where do i stand with the nursery on this? Have they broken there contract by not taking the money? The money is…
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Bank Accounts and CCJ's
I have a CCJ that has been satisfied but will continue to be on my credit file for 2 more years, I have a Basic Bank Account with HSBC and have just spoken to them about upgrading it to a Debit Card Account along with a Savings account. I explained that I will have £2000 per month paid into the current account and that I…
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Halifax reward accounts
Hello, I have three reward accounts all running well for the last year. Just one question: I remember reading that the minimum balance was £100 but recently reading through as many terms as I can find It says you can go overdrawn just as long as 1K enters the account then the reward is paid ! Can someone just confirm if…
