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First Direct regular saver acc
1 year ago I discovered the First Direct 1 year regular saver account giving me 5% interest. I needed to make sure I saved some money for a specific outlay in the future and usually found this difficult, but with this account I was able to commit to a regular sum, but be able to withhold funds in any given month if I…
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Rip off Bank Charges why is nothing done about it
I am appalled that this kind of conduct is allowed in the UK still. I have sent a payment in US Dollars from Lloyd's bank in the UK to Barclays Bank again in the UK and everything seemed to be fine until the recipient got the funds and was short $31usd this is what happened: i made a transaction which cost me £15 to Lloyds…
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Trustee Bank Account Question
An IIP Trust set up for our late mother. No trust bank account was advised when the trust was set up, as only the property effectively went into the trust. Our mum died over two years ago, probate obtained and the house has now been sold. The solicitor is holding onto funds from the sale and is saying that we now required…
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Scottish RBS card can now be used at NatWest counter
I don't see any announcement of this, but apparently, as of last week, cards issued by the Royal Bank of Scotland in Scotland can now be used at NatWest counters in England. I was telling the lady on the counter that it seemed silly to get notes out of the cash machine in order to get change at the counter, but that I had…
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Drip feed from ISA
Advice sought please. Should I start drip feeding current accounts which earn between 3%-5% from an ISA earning 1.8%? I would lose 6 months interest from the money withdrawn from the ISA and would be unable to replace it in this current financial year. The ISA matures in March when I will need to find another home for the…
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Open Banking
Good article on open banking... http://www.dailymail.co.uk/money/saving/article-4944932/Keep-money-identity-safe-Open-Banking.html
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Question re contactless cards
So, I have current accounts with all UK banks and all my accounts bar two have contactless cards issued. The two that don’t are HSBC and TSB. I contacted both these banks to request contactless cards but was declined. Both banks said it was due to the fact contactless cards can make you overdrawn etc. The ironic thing is I…
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Co-op 4 direct debits: all from Tesco savings?
Hi there. I am going to switch to the Co-op for the £125 incentive.. They require 4 active direct debits. I have 2 Tesco Bank savings accounts, and can set up multiple direct debits from the same savings account. So my question is, if I set up 2 direct debits on the 2 Tesco savings accounts, would this count as 4 active…
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Taking Advantage of £125 Halifax and £200 Refer a Friend Nationwide
Hi there, I am a little confused about this whole switching malarky. I am going to switch my current account (Santander) to Halifax in order to take advantage of the £125 switching bonus, which closes my Santander account. But I also want to do the refer-a-friend scheme with a friend who already has a Nationwide account,…
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switching brand new tsb account to halifax for the £125
hi there, on sat I opened a new TSB account in order to then switch it to halifax for the £125 switching incentive (I also opened a brand new halifax account at the same time), first of all theres no problem with switching a brand new account? then 2nd question, can I start the switch now or do I have to wait until the…
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Starting work mid tax year...
Hi All, I have recently relocated back to the UK after 10 years on living/working abroad... I started my new job 1 September and was shocked to see on my paycheck that I haven't paid any tax, after doing some research I now see that I can earn a set amount taking my 'personal allowance' into account, which is great, but...…
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Connected bank accounts ..personal and ltd company!
We have had personal accounts with a major bank for many years! Recently we moved over the company account (Ltd company) I am unhappy to find these accounts have been linked both on the app and online. So if I need to make a payment then the entire list of anyone we have paid personally comes up. I just feel this is a huge…
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Personal Current Accounts for a Sole Trader
I know there is no legal requirement for a Sole Trader to use a business banking account, but I am having a hard time finding a bank that does not resitrict business use in the personal current account T&C's. So far, I've tried Natwest, Co-Operative, Barclays, Lloyds, HSBC, Santander and TSB. I'm intersted to know if…
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Direct Debit changes - PSA Finance
Hi there, Looking for some advice please. I recently signed up for a contract hire vehicle. The car was delivered on 23rd August and payment was taken on 25th August - £170 The next payment was taken out on 25th September. - £170 All looking good.... They then took another payment out on 2nd October. I called to tell them…
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HSBC Advance Account Opening Query
Dear All, Last Tuesday I applied for the HSBC Advance Account. On Wednesday received a text to say they had received it and I would receive another update shortly. Today I received a letter in the post asking me to take in some documents to a HSBC bank as they said that the details do not match on their system. How likely…
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First Direct Qualifying add-ons
My wife has only just over £500 per month income, which is below the £1k First Direct require However if you take out one of their qualifying add-ons such as a Mortgage, Savings Account or Credit Card the £1k is no longer applicable. We dont need a Mortgage We dont need their Savings Account paying a miserable 0.1% So we…
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Overpaid by estate executor/solicitors they want it back
Over four years ago my two young children are were fortunate beneficiaries of an estate. Yesterday, out of the blue, I received a letter saying they had overpaid my son by £5k ( now aged 11years) and me by £5.5k, totalling £10.5k, and asking me to send a cheque with payment within 14 days (!!!) They also said my daughter…
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Lloyds Graduate Account
Hi all, I'm just wondering what happens to my lloyds graduate account. Does it get closed eventually. I can't find any information on their website. My overdraft has decreased every year in August by 500. I currently have a interest free £1000 overdraft. Ive had the graduate account so far for 2 years and 1 month.
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would you use old bank account after 5 years?
I have a RBS current account that I have not used for 5 years with a balance of £0.00. Due to my current bank (BoS) having closed branches I now need to take 2 buses, due to lack of parking, to get to the nearest branch to deposit a cheque, whereas my old RBS bank has a branch on the outskirts that has plenty of parking.…
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Is currenct account switch reliable?
Hi, I have a question might seem useless. Is current account switch reliable? I am concerned about one or more direct debit might fails if the switch is done on a date close to the payment. I understand that there is a sort of protection guaranteed by the scheme. However, a failed debit will trigger an overdue procedure…
