Budgeting & bank accounts

Archives for February 2015

Dilemma: Constantly Switch Current Accounts for Bonus or Stay With Best Service
Hi Everyone, New to the forums and have a bit of dilemma that I can't decide on and thought I would pitch it to all of you for some advice. I opened a First Direct account 1 year ago got the £125 joining bonus and put £300 away each month into the 6% Regular Savings Account that is linked to it, which has just come to the…
Card Payment taken Out Three Times
Hi, not had this happen to me before, so hope there is someone out there that can help? Last week I decided to pay an extra £100 to my Co-Operative fuel account. (We've been using a lot more than normal and I wanted to keep our direct debit as is). The first time I tried to make a debit card payment it came up error, so I…
FlexDirect -> FlexAccount -> FlexDirect
Hello Moneysavers, I currently hold a Flexdirect account which is about to hit the 12 month anniversary and so drop down to 1% interest. I'm planning on changing this to a FlexAccount to take advantage of the free European travel insurance, and then back to a FlexDirect in 12 months to get the 5% interest again. From the…
Closing accounts
Ok so I know this will sound like a very silly question but I opened a bank account due to it offering 3% interest but I don't now need it as i am trying to cut the amount of accounts I have. I ended up opening too many accounts and making things too complicated for myself. Presume the bank will be ok with me closing the…
First Direct money transfers
I am thinking of switching to FD and was reading the PDF's that they tell you to read. I'm a bit confused by their money transfer options. With NatWest I can transfer money to any UK current account. I have always understood this to be EFT. (De Facto, it IS EFT.) FD seem to have an odd and somewhat artificial split between…
TSB bank blocking account
Recently opened a bank account on line for my mother in law who sold her property. Had the money transferred into her tab account and was going to do a number of bill payments as she requested. I was able to set up one Bill payment to PayPal but all others were unsuccessful in setting up so as she wanted money transferring…
tsb classic debit card delay
Wife and i opened one of these each as donor accounts. Nearly 2 wks on no debit card or pin received... which is a problem for Yorkshire bank switch we were planning! Anyone else had a similar experience?
Bank reducing my overdraft - is this a bad thing?
Hi Everyone, I'm after your advice and expertise. I've received a letter from Halifax that says they're reducing my overdraft limit from £450 to £300. I have the Halifax Reward account and I hardly ever go into my overdraft. The last time I went into my overdraft was some months ago, and that was only £1 or £2 at the most.…
switching bank? Will change of address in last month stop me?
Hi everyone, I am looking to switch accounts to halifax. I moved house last month (16012015). I am a little concerned I will fail the credit check due to only living at my current address for a month... I have updated the electoral register and all my bills and banks. I don't want it to effect my credit rating if I am…
Offshore Accounts
Hi, Can a UK resident have an offshore account and if so who offers them? Thanks.....
Santander 123 monthly account fee.....always taken?
Sorry for lots of posts - having a bit of an admin day...... OH opened a 123 account specifically to get the 123 ISA last year and it has not been used although funded with £1000 every month just to stop it going dormant ....but as I posted earlier we want to now start using the account. I have noticed before that thay…
TSB - COOP Switch
Hey guys, set two direct debits up last night on my TSB Account in preparation to switch to CO-OP for the £100.. but they're not showing just yet, and my switch date is the 6th.. will this be ok?! If they've started the switch, but things get added during, do they switch them too!?
Bank closing accounts
A friend of mine recently received notification from one of his banks that his accounts were to be closed in 60 days due to some recent risk assessment. It seems that they picked up on the fact that he had been (legitimately) transferring some of his money to and from 2 of his current accounts in order to exploit the…
Santander 123 Direct debits
I know this has been done before but I cant immediately find it and thought someone could save me some time. Just the question of whether DD's need to be from different organisations SPECIFICALLY for the San 123 account. Is anybody just using two different Tesco savings DD's and getting the benefits?
Nationwide refer a friend - confusion
Hi all, My sister completed an online form referring me to open a nationwide account a couple of months ago. She received an email and forwarded this onto me but I didn't receive any other emails. I recently opened a nationwide flex direct account and in the branch they told me that the refer a friend bonus would be…
Getting paid after switching bank account
I have switched my account from TSB to Barclays and the switch date was Monday 23rd. I'm due to get paid on Friday 27th and only informed my employer of the switch today. It's obviously too late for payroll to make the change before pay-day and my old TSB account has been closed since Monday. TSB have told me that for 30…
Limits on how many current accounts with each bank.
Might be useful to have a list of how many current account accounts each bank permits? I'll start with TSB - (and please feel free to correct me on this....) TSB - 2 x single accounts plus 1 a joint account
MSE News: There's never been a better time to switch bank - the 10 need-to-knows
Banks are salivating for business, pushing out lucrative perks for switchers. Here are the 10 need-to-knows... Read the full story: There's never been a better time to switch bank - the 10 need-to-knows Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read…
several questions, late fathers accounts
ive tried searching for lost accounts in my late fathers name, but im finding the my lost account site a bit hit and miss. the search I have going currently still hasn't returned results from Nationwide for instance, and it been running about 3-4 weeks now. the other problem is I found an account at Barclays via a chat…
Best new bank account deal without switching
I bank with 1st direct. I'm happy with them and I don't want to switch. However I'm buying a small property to let and would like to open a new account somewhere else to manage this from. I keep reading that "most" banks expect you to switch your whole account to them in order to get the special perks/deals they offer. I…

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MSE News

Think Money app relaunch leaves thousands unable to access their cash – here's what's happening
Around 2,000 Think Money customers have been locked out of their accounts after the current account provider relaunched its app.
TV licence fee to rise by £10.50 a year to £169.50 from April 2024
The annual cost of a standard colour TV licence will rise to £169.50 from 1 April 2024 – an increase of £10.50 on the current price of £159 a year – the Department for Culture, Media and Sport has announced.
MSE Mince Pie Taste Test 2022
With the festive season in full swing, the Deals Team put their heads together to uncover answers to the true questions of Christmas. No, not Why is my turkey always so dry? or Who writes those terrible Christmas cracker jokes? But Who sells the best mince pies? Is it mince 'pie in the sky' to think that a 99p box could be tastier than one retailing at £12.95? Wait and see. Brandy butter and forks at the ready all, as this is: The MSE Mince Pie Taste Test 2022.
Morses Club borrower? It's launched a new redress scheme for mis-sold loans – here's what it means for you
Borrowers with mis-selling claims against Morses Club likely won't now get the full amount they're owed, after the High Court approved a new scheme put forward by the firm to limit payouts and set a time restriction on claims.
More Than to stop selling car insurance policies – here's what it means for your cover
If you're a More Than car insurance customer with auto-renewal turned on, you should look out for a letter explaining that you'll be switched to Swinton Insurance. Meanwhile, if you're not on auto-renewal, you'll need to arrange new cover when your policy ends as More Than has pulled out of the market.
How to bag a cheap, sustainable Christmas jumper... from only £3
Jumpers are for life, not just for Christmas, but most of us only wear our most garish festive get-up for one or two days a year, then feel pressure to buy a new one the following year. That's neither MoneySaving nor good for the planet, so what can we do about it? I have a few ideas...
Martin Lewis: How to earn 8% interest on your savings (and possibly £200 on top, too)
It’s possible to earn 8% interest on your savings – more than four times what many earn – and gain an extra £200 on top. MoneySavingExpert.com founder Martin Lewis explains how.
Expat with Barclays? Here are your options if your account is being closed
Expats who bank with Barclays face having their UK accounts closed following a "strategic review" by the bank, leaving some customers worried about the alternatives available to them. .
Martin Lewis: A trick for Shell Energy (and Octopus) customers to make some money
If you're a Shell Energy customer, you could make £50 with an easy trick shared by MoneySavingExpert.com founder Martin Lewis on the latest episode of ITV's The Martin Lewis Money Show Live.

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Budgeting & bank accounts

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