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tax and children account
Hi, May have been answered before but what to stop the parent putting money into a childs account that has a much better interest rate? Its an account I have set up for my sons future years and also have his real monthly addition paid into it to. Im sure there was some HMRC thing? Cheers.
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Joint bank account question
Good afternoon all, I am in the Armed Forces and my wife doesn't work she is a stay at home mum with the young children. Unfortunately she has a bad credit score from her younger days. My questions is when I am away she has no access to money and I was wondering what the best way to go was as I understand you are not…
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Halifax reward account
Hello, Years back I used to have 3 x halifax rewards accounts and collect the £5 each month. I believe there was a change a few years back and that stopped so now I only get £3 on one of them per month. Possibly because you had to have 2 direct debits from each rather than just paying into them all which I used to do on a…
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How do I get an "offline" card with Nationwide?
I opened a FlexDirect account with Nationwide mainly for the in-credit interest of up to £2,500. The card they sent me begins 4751 40 and appears to be an "all auth" card which connects to the bank at every transaction. How do I get the "offline" card with Nationwide? I have an account at Barclays with a card beginning…
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Budgeting Apps on Android & IOS
Hi I noticed that there are a whole slew of budget-tracking apps on Android & IOS and was wondering if anyone had tried any. Since all need you sign up I was wondering if anyone had any recommendations as I would love to move away from doing the tedious monthly spreadsheet. They seem to be smart enough to compile…
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Insane and urgent situation -- what are my rights?
I posted some months ago about an issue with a company called Go Cardless. In brief, Go Cardless collect Direct Debit payments on behalf of various companies in the UK. They then SUPPOSEDLY forward these payments onto said companies. When I moved into my current home I was instructed to sign up for a Direct Debit Mandate…
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Wrong Name on BACS payment
I am in an awful panic my daughter is expecting a compensation payment paid in tomorrow but I have realised I put her name on the bank details but the sort code and account number are mine am in a panic now in case the payment doesn’t credit as my daughter is going on holiday next week and has been waiting on the money.…
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Halifax, Lloyds and BOS closing my accounts
** Happy ending (see bottom) ** There are a few threads with people experiencing similar, but thought I would share my story. Received 3 letters from Lloyds group operations / Andover. All dated the same day with exact wording, just different bank names. Reference is: HR/ET HR = High Risk? “we’re unable to maintain a…
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HSBC to First Direct Transfers/Payments
I am currently an account holder with HSBC which makes life easier as my ex-partner (who I have a SO with for the kids), my current partner (who we transfer money between) and my work (for my wage) all have HSBC accounts. However I am looking to switch to First Direct after many years of 'I'll do that tomorrow...' lists!…
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1 Current account with 2 Debit Cards
Hi My partner and myself would like to open a current account (no overdraft) in my name only (He is on a IVA) which we can use to add any spare money into and jointly share this. Firstly is there bank I can open an account with, which we both have a debit card for and the ability to both access the app for this bank? Can I…
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Received unexpected bank credit
I've received a BACS payment into my account this morning for £400 odd quid. I can only imagine it's an error as I'm not expecting the payment. I've phoned the bank to try and get further information about where it came from but they said they can't tell anymore than I can see on my statement as it's a BACS payment. All I…
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Money taken from card 14 months after transaction
I have a prepaid Revolut card which I use for transferring funds from my bank account to and using when I am travelling. In September 2016 I used it to hire a car from Europcar in Italy but the payment of £197 only came off the card in November of 2017. As this is a prepaid card and I had used it overseas several times…
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Online banking that does not allow transfers, only statements?
I'd love to have a current account that offers online statements (and more-or-less real-time transaction and balance data, ideally), but I'd also love to NOT have the ability to transfer money online, for security reasons. The same applies to all other online actions that might cost/lose me a lot of money. Do any banks…
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Save £1,000s with a money makeover Article Discussion
We've got loads of money saving tips and tricks in our article: Do a Money Makeover: Overhaul finances & save £1,000s Reply to this post to report and discuss your money saving wins!
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Bank wants information to send to HMRC
My UK bank has written to ask me for information including my NI number and personal information, so that they can send it to HMRC. This is because I currently live overseas. I get that they are obliged to tell HMRC of any customers that live overseas, to assist with identifying those who might be trying to avoid paying…
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Open banking - will it work for the consumer?
http://www.bbc.co.uk/news/business-42553047 So basically open banking means that your banking history at the transaction level belongs to you and you can 'choose' to share it with other financial companies. Why would you choose to share this info? I guess the banks will offer bespoke deals a bit like having a 'black box'…
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Lloyds bank paying in policy
I went to pay in to a friends account at the counter and the cashier said I could only use the instant paying in machine as it was now Lloyd's bank policy to not let non account holders to use the counter. I have done it many times at Lloyd's with no issue. Is this true or just an attempt to drive people away from counters
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Direct Debit confusion
Hello :) hoping to clarify something before I call the bank .. so I had a direct debits to go out on the 1st - being a bank holiday they came out on the 2nd leaving me £421.31 over drawn Lloyds have a 2.30 pm cut off point at 1pm I paid in the amount I was overdrawn came home checked the bank 11p in credit fab .. :T :eek:…
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Bank transferred to wrong account
I will try and keep this short yet detailed. I tried to make a transfer from bank A to bank B via telephone. However it has incorrectly gone to Bank C. Bank A has admitted fault after listening back to the telephone call - I gave the correct details. They are now trying to retrieve the money. That was a month ago. I still…
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HSBC and ongoing Direct Debits
Hi guys A few months ago I opened a HSBC advance account and did a switch from an old current account to get the £150 incentive (which I have received). I also opened a 5% regular saver with them,I also plan to stay with them for the 12 months to get the extra £50. In a few month Tesco are stopping their direct debits and…
