Budgeting & bank accounts

Archives for December 2019

Advice please?
Hi, I'm a part-time teacher looking for some advice please? I have been with my bank since 2013 and now have a Graduate account with them. I have an overdraft of £600 and a credit card with a limit of £1200. Due to financial issues over the past year, I'm finding that whenever I get paid now, I'm pretty much straight back…
Direct Debits In Spain
I need to set up some direct debits to pay my utility bills in Spain. I do NOT want to use a Spanish bank account to do this. Do any of the 'New Age' online banks allow this ?? Revolut or similar set ups ??
How can a 16 year old open a bank account without proof of address?
We've been living in the USA for the last several years. My 16yr old is returning to the UK to work for the summer and will be staying with friends. I'm thinking she will need a bank account to receive wages etc. Since she's staying with friends, how can she open a UK account? She used to have a child's account but I…
Over 100,000 pounds in bank account
Hi, I have over 100,000 pounds from sale of flat i want to deposit in my bank account. Would I be arrested if I went into a branch and asked for a bank statement with that amount in my account? Not many folk have that amount in their account you see. Obviously it’s over the 85k limit.
Lloyd's Club Premier bank account
I pay £65,000 a year into my Club Premier bank account and it costs £27 a month. From 1 February 2020, we will be changing the monthly maintaining the account fee for the Lloyds Bank Premier Account. This will increase by £1, from £27 per month to £28 per month. I use the >travel insurance >mobile phone insurance >AA…
Just turned 18 money from court to bank account
One of my daughters just turned 18 and we have sent the forms off to the court as was in a bad accident and won some compensation but as she was under 18 the court held it and they sent the forms out and we have returned them signed by an official ect! Forms sent off around the 14th just wondering if anyone that has delt…
PayPal
First post, so apologies if I am on the wrong board as I couldn't see anything relevant at all. I have been scammed via PayPal for a payment I did not make. I have filed a dispute which PayPal now say was authorised, even though I did not make it. My bank tell me to go through PayPal, PayPal tell me to go through my bank.…
Bank account for children that can only be accessed when 18?
Hi everyone, as the title says, I am looking for a bank/savings account that I can put a lump sum into for a child, that can only be accessed when they turn 18. Any ideas?
Plum AI Banking
Hi Can anyone advise or recommend - PLUM The website links your accounts and boasting it can save you money. I am a little nervous that it advertises it automatically takes money from your account to savings. Has anyone had any issues with this system? Thanks Sacdiver
Cheque deposit limit
I have a £2000 gift is the form of a cheque. The Halifax banking app has a limit of £500 per cheque. Would the branch self service machine or counter allow me to deposit this? Cant seem to find limits for in branch cheques
Santander closed my account, am I entitled to all funds?
So about a week ago, I see that payments are being declined from my currents account with Santander. I call them up and they say that the accounts been blocked because of a £2750 transaction that went into my account one year ago. I remember the transaction. I work in the film industry and the funds were sent for me to pay…
tracking your finances
new year means a fresh set of spreadsheets for tracking my finances & budgeting etc. what i'm interested to know is whether most of you run a calendar year (Jan-Dec) or tax year (April - march) ? I've always done calendar year but thinking maybe better to change to tax year?
Starling Bank feedback
Evening, I have read some old threads on starling. I wondered if there was any recent feedback on their performance. On reviewing the usual social media and review sites the same common themes appear. Accounts being frozen. I totally agree with freezing transactions if suspected fraud, picking up the phone and within…
What happens ISA
I have had an ATM dispute with my bank, I did not receive £300 but my account was debited. The bank stated that their investigation resulted in the ATM figures tallying correctly. I have since noticed on my online statement that the date of the transaction is given as the 3rd, but the transaction was carried out by me on…
Why Do Banks Need Your Existing Account Details?
I currently have a Lloyds Bank account and am looking into opening a new bank account with Halifax. Upon visiting their online application page, they need details (sort code, account number, debit card) of my existing bank account. I found this a bit bizarre since I didn't choose their Switch Account service. Does anyone…
Help with dormant Lloyds account
Hi, new member here. Ive been living abroad for 10 years, and have had a Lloyds account for 35 years... I have an overdraft of 3000 pounds,...I have used the account on and off but not for a while, I tried to use it and had to call them because my CC wouldnt work. They told me the account is in collections and is dormant.…
Natwest suddenly closed my account
Hi everyone, hope all are well and having a good Xmas break. I'm a student and yesterday got a blunt text message from Natwest saying all my accounts are blocked and I can no longer be provided banking facilities from them. Further that a 'letter' will be sent outlining what is happening and the next steps. Apparently…
bizarre problem with Lloyds phone banking security
I've been having this problem on and off for months. Sometimes I can ring up and use telephone banking to make a payment, including setting up a new international payee. all works fine. Then other times I ring up and they say either, that I don't have phone banking set up, or, that my phone banking PIN has been compromised…
Have switch bonuses reduced?
Last time I looked at bank accounts (in fact... every time I have done so) there were multiple banks offering £100 or £125 to switch. Now according to the MSE switch page, theres only two banks offering cash and they only offer £50 and ironically one of them (TSB) is the one I'm with already. Have switch cash bonuses…
Piggybanking
Hi I’m new to this and want to open lots of savings account for different pots. I’m with nationwide. Can I do this with them? Also heard about mono account on here but not sure what it is, COD people recommend monzo? I’d rather keep to nationwide if o can as long as I can get lots of savings accounts. Thanks

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MSE News

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.
Spotify to hike prices by up to £24 a year – here's what's happening
If you've got a Spotify Individual, Duo or Family account you'll see prices rise by up to £2 a month (equivalent to £24 a year) in a month's time, the music streaming service has announced.
Subway customer? You've got until 14 May to use your loyalty scheme points before shake-up – here's what's happening
If you're a Subway Rewards member, you have until the end of Tuesday 14 May to spend any points you've built up – or lose them entirely.
Nearly 850,000 people missed out on cheaper passports last year – here's how to cut costs and beat the upcoming price hikes
Nearly 850,000 people missed out on cheaper passports last year – and with fees rising by 7% this week, here's how to get a new passport for less.

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Budgeting & bank accounts

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