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Can I close my bank account when it's in an overdraft and make an arrangement?
Ok, so I've been with Santander for quite some time. I've got an account that has a £200 overdraft and it is always in it. I was happy paying the interest on it as at the time I was unemployed and couldn't pay it back. Then when I got a job they increased the charge from interest charges to a flat rate of £10. I was…
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New Nat West Unarranged Overdraft Fee
Just got an automatic email from Nat West saying they've changed the rules (yet again) so that now any time anyone is over their agreed overdraft amount they will charge £6 PER DAY Can someone explain to me how a bank is allowed to change the rules of a bank service without my consent?
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Halifax £100 switch incentive query
Didn't want to tag this into someone elses post. I've successfully switched and opened a Halifax Current account on top of already have 3 x Reward accounts (£5). I've received the £100 incentive, basically done and dusted. My query is, can I also open a joint account with my other half and receive a further incentive? Just…
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Halifax Savings and Faster Payments (again)
I've just hit the issue with Halifax Savings and Faster Payments and need some help please. I bank with smile (Co-op) who have just introduced Faster Payments. I have two Children's Saver accounts with the Halifax (6%). We pay in money by standing order to each one every month. This month the payment to my daughter's…
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Child Trust Fund/Saving
My nephew (aged 13) is a beneficiary from my late mother's will. However, nephew will not be able to claim inheritance until he is 21. I and my sister are executors and will need to "look after" nephew's inheritance (around £2.5K). Suggestions on best way to get a good return and whose name should account be in - mine or…
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How is interest calculated by banks?
I have £1001 in a savings account which pays 3% yearly with the interest paid once a year. Therefore I would expect to have £1031.45 after one year, according to my excel spreadsheet, if no money was withdrawn. If I was to transfer £1000 out of the savings account into a current account and then straight back again, once a…
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You may not get your Britannia/Co-operative £100 switching cash back
I applied http://www.britannia.co.uk/_site/microsite/affinity/current-account/current-account-plus/index.html#affinity=scfc for the account. Nowhere through the application was there a section to input your switching details (like Santander do for e.g.). So i contacted Britannia asking if switching paperwork would be sent…
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Best way to pay off an overdraft - help please
Hi I am hoping someone can advise me as I'm so angry that Santander are doubling their overdraft fees. My husband and I are both with Santander and live in our overdrafts. We each pay £7.50 per month at the minute but this will rise to £20 each from 16th March. We are looking at applying for a loan or credit card to pay…
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MSE News: Santander to double overdraft charges
This is the discussion thread for the following MSE News Story: "The bank will hike overdraft charges in March in a bitter blow to its five million current account users ..." Read the full story: Santander to double overdraft charges
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Moving to Asia but still need UK bank account
Hi all. I'm moving to South Korea soon for a year (minimum) to teach English. As I graduated recently there is also the matter of paying off my student loan. I need to have a UK bank account in order to do this, but I'd need one that isn't going to charge me too much every time Won is transferred into it and converted to…
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How many of you open accounts JUST for the quidco/TCB cashback?
Not just current accounts, but savings accounts & credit cards too (but i don't want to make a thread in each of the 3 forums)? I was just having a look at what's available. Santander are offering £15 through Quidco & then cashback on various spends. 3% on fuel i think it was for their 123 credit card. Post office offering…
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Best way for international money transfer?
I have around €30,000 is Slovakia that I wish to transfer to UK to use as a deposit on a house. What would be the best (cheapest) method to do this? Last time I wired money and lost about 20%. thanks
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Looking for Personal Finance software.
I'm on the lookout for some personal finance software which automatically updates your transactions from your bank accounts. I've seen the likes of Mint and Quicken but Mint is only available for the US and Quicken got some dodgy reviews for the Mac (I would be needing mac based software by the way), any suggestions? Cheers
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Santander Debit Card - Where Accepted?
I have just received a Santander Debit Card. Can this be used to withdraw cash from ATM's operated by Barclays, Nat West, RBS, HSBC etc for free?
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School Bank Account
I wonder if anyone can help? I teach a year 6 class and would like to set up a school bank - run by my class (maths) - where all the children in the school can set up an account, deposit or withdraw their pocket money. This would hopefully help them with the idea of managing their money. Does anyone know of any of the high…
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Charged twice, now hugely overdrawn.
Hi everyone, I’d really appreciate some advice with this. I have a student additions account at Barclays with an overdraft of £500. My privately owned halls of residence took payment of my rent, but they took an unauthorized second payment of the same amount. The company admitted that this second payment was taken in…
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Why should I have a mobile phone ?
I know in this day and age it will be a surprise to some people but I DO NOT HAVE A MOBILE PHONE. Unfortunately this puts me at a disadvantage with some Banks. Most Bank's issue customers with a card reader for extra security. I have no problem with this. But recently Santander have told me I must have a mobile phone to…
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MSE News: Maths PhD student can't comprehend complicated bank charges
This is the discussion thread for the following MSE News Story: "Consumers using unauthorised overdrafts find it virtually impossible to calculate how much their bank would charge them ..." Read the full story: Maths PhD student can't comprehend complicated bank charges
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Thinking of switching current a/c to First Direct...
Anyone had any bad experiences doing this? I hear their process is pretty smooth. But for instance I have just set up a balance transfer card direct debit with Barclaycard, which won't be finalised for a few weeks - could it cause problems with that? Am currently with HSBC, which has been fine to be fair for going on 20…
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Experian Question
Hi I have had my Barclays accounts for the last seven years or so, and a couple of loans with them in the past too, all settled. Also have a barclaycard. These accounts have never shown up on my Experian report, although they are on Equifax and Call Credit. On checking my Experian today, they have all 'magically' appeared!…
