Budgeting & bank accounts

Archives for April 2018

PayPal Debt from my Teenager!
Hi everyone I'm seeking some advice. My teenage son (15) approached me this week saying he had a big problem....which has now become our problem. He had set up a PayPal account last year, so that he could buy Christmas presents from Shpock. Unbeknown to me, he linked his PS4 Sony account to PayPal. He was in credit on his…
Switch with the same bank
I did a switch to M&S and recieved the goodies I have now closed that account will I be able to do another switch to them or can you only do one per bank. Thanks for any help.
Tesco Bank Online Banking Upgrade
Just noticed that Tesco Bank are about to upgrade their online banking. In the light of the ongoing TSB problems I hope Tesco Bank get it right. https://www.tescobank.com/your-new-online-banking/
Lloyds cutting rates, more banks to follow?
So Lloyds are cutting their interest rate on their Club Lloyds account from 2% to 1.5%. Seeing that Bank of Scotland who are part of the same group who also pay 2% on £5000 are they likely to also cut their rates? Then there is the Halifax who pay the equivalent of 2% on a balance of £1800 who are also part of the Lloyd's…
Santander 1/2/3 interest month
If i withdraw my money from the account before the full month for interest is calculated, do i still receive the interest up to the day i withdraw.
TSB Business to Starling Switching Advice Needed
I was considering switching before this weekend in any case but the troubles this week have motivated me further. I'm looking for a new account that will give me the best rate with inbound USD transfers. Currently with TSB I'm not really sure what rates I'm paying as the money just arrives in my account as a F/FLOW TFR…
Barclays free accounts.
I have been paying for a tech package ( or equivalent ) for years now. Giving me access to an overdraft and gadget insurance. However i do not use the gadget insurance, only the overdraft facility. When i went to claim a refund for my paying for a monthly fee account i was told because i use the overdraft, i therefore…
NatWest account balance is confusing me
I'm sure that in the past, available and balance used to be £1000 different from each other (to take into account my £1000 overdraft limit) but recently both are showing the same. Is this a change that NatWest has done to trick people into going into their overdraft or is my account broken?
TSB Scam ?
Just got the following from Customer Services - Dear Customer, To ensure your protection, We've now disabled access to your TSB Internet Banking. You now need to re-set your security. You won't be able to gain access to certain features of online services until you've done this. To restore access to your account click on…
MSE News: TSB starts paying out compensation for online banking outage
A TSB customer who complained to the bank just a couple of hours after its IT meltdown started is thought to be one of the first to be awarded compensation - after being paid £40 this morning...Read the full story: 'TSB starts paying out compensation for online banking outage' Click reply below to discuss. If you haven’t…
TSB Classic Plus account question
I must be mad considering this, especially considering TSB being in the news currently. But I am seriously considering their Classic Plus account. The part I have highlighted in red is what I want to query. Do they consider transfers into the account as part of the pay ins? For example, if I transferred £500 into the…
Can you do a bank switch from Biz to personal?
Question. I am a slow moving sole trader. Ive had a Santander business account for years, it's free but pays no interest. (Im always in credit). As I get payments in my own name, can I do a switch to personal account (as suggested elsewhere on site). In other words, will a bank switch thingy work for me? Any advice?
TSB to increase classic plus rate to 5%
Trying to find official confirmation, but the guardian is saying as a result of the recent problems, the rate is going up to 5%…
Action Fraud. Ever used it?
Someone has set up direct debits on my bank account to pay a number of mobile phone bills. I counted off 4 different GED numbers over 2 months, 1 of which showed in both months. Story short i've ended up sending off letters of complaint to both my bank and the mobile phone company. Mobile phone company replied today and…
Monzo Overdraft
Anyone else had an offer through the Monzo app to sign up for an overdraft? I got a notification through today, inviting me to activate mine. This surprised me as, although I've had Monzo for quite a while (since the prepaid card days) and converted to the current account as soon as I was able, I've only ever used it…
DD cancelled during switch
I have switched an account from Santander to Nationwide. Email from Nationwide said the switch would take place on 23.04.18. I had a DD from Santander to Post Office Credit Card due on 18.04.18. I have just checked my PO statement and found the payment has come out then cancelled on the same day, and I have been charged a…
M&S Joint +Single ?
I've opened an M&S Joint account to get the regular saver + vouchers no probs. I've now had an email offering the £100 vouchers +£10 per month as I'm a M&S CC holder..any reason you cannot benefit from the vouchers and RS twice as a joint and single account holder ?? Obviously requires 2 DD's but thats no problem..anyone…
Are they any restrictions with Santander's online debit card?
Hi there, I had a basic account with HSBC, but found the customer service absolute atrocious, so took the plunge and applied for the Santander 'Everyday Account' which was successful, which was a shock!. I've received the debit card and it says 'Online NFC' - I'm not too bothered about this, as I was shocked I got accepted…
Barclays Premier Account
My wife has just had a letter inviting her to apply for a premier account with Barclays. She fulfills the criteria by earning more than £75000 and having it paid into her current account. I, however, pay nothing in and, since this is a joint account, I'm wondering what that would mean for me. I've had a quick gargle :D but…
Anyone help with this basket of priorities?
Hi guys. I'm hoping to find a like-for-like replacement for my current 'provider' (Co-op) which I suspect may be slowly skidding downhill. I'm looking for: 1. Good phone access/management... i.e. no long waits, no long menus and the ability to perform/authorise all standard banking transactions. 2. Paper statements. 3.…

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MSE News

Nationwide urged to "give members a say" over proposed Virgin Money takeover as thousands sign petition calling for a vote
Nearly 4,000 people have signed a petition calling on Nationwide – a building society owned by its customers, who are known as members – to let them vote on its decision to buy rival lender Virgin Money.
Bank of Scotland, Halifax and Lloyds to close 177 branches in 2024/25 – here's the full list, plus alternatives
Bank of Scotland, Halifax and Lloyds, which are all part of the Lloyds Banking Group, will shut at least 177 of their bank branches in 2024 and 2025, the Group has confirmed.
Barclaycard's cutting minimum repayments – you could be in debt YEARS longer paying DOUBLE the interest
If you've got debt on a Barclaycard, it's likely the minimum you have to repay each month will be cut from July. If you're unaware, and don't act, you could stay in debt for many years longer and pay possibly £1,000s more in interest.
NatWest, RBS and Ulster Bank to close at least 100 branches in 2024/25 – here's the full list, plus alternatives
NatWest, Royal Bank of Scotland (RBS) and Ulster Bank, which are all part of the NatWest Group, will shut at least 100 of their bank branches in 2024/25, after RBS announced a further 18 closures.
Co-op Bank customer? You could be moved to Coventry Building Society in future – here's what's happening
The building society has today agreed to a potential takeover of the high street bank – though it's still very early days and the deal needs regulatory approval.
Got a text, email or letter from the Met Police? Don't ignore it – you may need to act to protect yourself from scams
If you got a text message or email from the Metropolitan Police between 4pm and 6pm on Wednesday 17 April – or you get a letter in the next few days – don't ignore it.
Save up to £1 on your takeaway coffee – while saving the planet
Many of us regularly reach for a cup of coffee or tea to give us a caffeine boost, but if you’re out and about and can't bring a thermos from home, the cost of this can quickly mount up.
Chase customer? Check if you can get its boosted 5.1% easy-access saver
If you have a Chase current account, you may be able to get a table-topping 5.1% easy-access savings rate to go with it, as the bank has launched a new, temporary bonus offer for some existing customers.
New online state pension boosting tool promised to Martin Lewis hit by delays – here's what you need to know
The tool was first promised to MoneySavingExpert.com founder Martin Lewis on ITV's The Martin Lewis Money Show Live last summer and was expected to launch before the end of the 2023/24 financial year.

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Budgeting & bank accounts

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