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Budgeting & bank accounts

Archives for November 2015

Bank Account Address Query
Hi, I wasn't really sure which section to post this in but here goes...We recently moved house and still have a mail redirection in place from our old address. Today, my OH and I received individual letters from Lloyds Bank (relating to really old savings accounts that haven't been used for years) saying that previous…
TSB Unplanned Overdraft Charges
I received a letter from TSB (only through my online banking, not in the post) to say I had used my unplanned overdraft and will be charged £5-£10 a day depending on how much I was overdrawn. I only saw this today and I was sorting out my money and these charges start from 5 days ago. I am very annoyed at this as I did not…
Government and Banks agreement to update Basic accounts..
So far Natwest/RBS have launched their foundation account with no fees etc. Barclays have launched their Basic Current Account (just changed name from cash card account..) Nationwide launch Flexbasic Wednesday.. I'm just waiting to see what Santander do as I got their basic cash card grr
Natiowinde online banking problems
Hi My wife logged into her Nationwide account this morning and when she clicked onto her Flexaccounts (current accounts) to check recent credit and debits; she was presented with a message that said " There are no transactions in this time period" even though she knew that there were. The correct balances seemed to show on…
Help preventing Bank Rip-off When Sending money Overseas ?
I need help. I believe my bank clearly broke the law when I sent a USD payment to the USA. But my case was rejected by the Financial Ombudsman Service (I believe clearly erroneously), and I do not appear to have any appeal option to correct the obvious error. These are the details of the case: I wanted to make a payment to…
Natwest - feel wrongly overdrawn, help!
Hi All, I am hoping you won't read this and think not another overdrawn complaint but here goes. So i deposit the money into the natwest cash machine on the morning of the 18th. During the day i did some payments with that money online. It must have been in my account for me to have started to make the payments otherwise i…
First direct
I am thinking of opening a First Direct Current Account, partly for the switching [STRIKE]bribe [/STRIKE] bonus, but also to get access to the regular saver account. But I already have several current accounts, which presumably they will see on a credit check (though they will also see that I am solvent), and my income…
no switchin so now i'm !!!!!in !
thought i'd take martin's advice and switch BUT ! apparently because I nor my partner have no credit history ( neither good or bad ) we can not switch
Using Halifax Debit in Bookmakers
I tried to put some money into one of those betting machines in the bookmakers when i was in with my brother in law (i dont really gamble) but my Halifax debit card was denied twice. I have plenty of money in the account. Do you need to activate it somehow to do a gambling transaction?
Halifax - £100 & £5pcm
Hi everyone, Quick question.... I'm looking to open a Halifax reward account to get the £100 & £5pcm but I'm not looking to close down any of my existing current accounts. Can I still open this account without using the switching service? Or should I open a second current account with First direct, get some standing orders…
Help!!! Need Advice!!!!
Hello MSE Readers, I got scammed by a company ABC Electronics (www. electronic - abc dot uk) to list an item on eBay and remit funds to their account. I listed an item and the customer paid via paypal. Initially since this was my first transaction with the company, I only released half of the funds (`~£1500) SENT VIA BANK…
Want to get myself on track
Hi guys, I've been racking up the confidence to do this for a while now... Here's my story. I'm 22s year old, currently on a salary of £30,000. I'd say I'm pretty good to myself - I have plenty of money to spare, but I seem to splash it on a load of nonsense. I completed a SOA so you can see my position in terms of my…
Do you really need an Overdraft??
Do you really need an Overdraft.... I have enough money in all my accounts (And To pay my Credit Card Each month).... Is an overdraft a good idea to help you out if you need extra money for a few days or should I Not bother at all... I have never had one in my entire life (I am 25) and not need one so far.... I have…
Halifax
I have just signed up for a basic account with Halifax and been successful does anybody know what halifaxs criteria is for upgrading the account in the future do they use they own scoring system or does it go off your credit report I ask because I know hsbc use there own scoring system well they used to years ago and not…
Bank Account Software
Im looking for advice on software to singularly manage a range of UK based Current and savings accounts, as well as credit cards. Trying to utilise the best offers on the market, as well as a beginner at stoozing, life is becoming a little complex. I seem to have found an online tool: Money Dash Board, where you can…
Moving banks
Recently moved to first direct for there cashback offer which was on at the time, but the lack of branches in my area has got me thinking about leaving them already. Are you aloud to move freely from bank to bank without any implications? Only really wanted to move to first direct for the cashback offer. Thanks
DDs are names checked
I was wanting to get some switch rewards for joining the banks for my mum as I have done most she has a spare account shes just opened but no DD's which most require with her permission I have gone on to 2 of my credit card sites and set up DDs for min payment they never get used anyway do the banks check the name also…
Direct Debit: "Inactive" in PayPal
HI. When I bought AVG Antivirus, a pre-approved payment arrangement was automatically created. I can see this in PayPal. However from 26 Nov. last year it's status is "Cancelled". It's recorded in PayPal as "Inactive". Now, I don't see a Direct Debit associated with AVG in my Santander current account. Is it the case that…
The Spending Review and Autumn Statement 2015
Hi MSEs, Today, the Chancellor of the Exchequer will present the Spending Review and Autumn Statement 2015 to Parliament. This will include forecasts for the economy and the public finances, explain how the Government will spend public money from April 2016 to March 2020, and set budgets for government departments and…
Santander 123 no interest earned this month !!!
I have been earning steady interest in my 123 account for a couple of years but this month with just over 8K still in my account my statement reads no interest earned in the last 31 days !!! I am awaiting response from them but has anyone else had this issue ? Cashback is still earning though.

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Budgeting & bank accounts

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