Budgeting & bank accounts

Archives for July 2020

One Bank Account?
I am 75 years old and am getting fed up trying to find the best place to put all my money. I have a BoS Vantage account, a Halifax Reward account, a Santander 123 lite account and a Marcus savings account. Plus a Nationwide account for travel insurance costing me £65 a year for going cruising which I will probably never go…
Starlingbank has taken my money
Dear Peter Information has come to light which is of concern to Starling Bank, as such we are closing your account. Under the terms and conditions of your account, we can withdraw banking facilities by giving you notice in writing, and in-line with company policy, we don't elaborate further on how we've reached this…
Debit card
My new debit card was stopped because my post was opened by somebody who rang the bank and told them I was no longer there. It was the bank’s fault as I had told them the new address but they had not updated their systems properly and the card went to the wrong address. Is it legal for someone to open your post and contact…
Overdraft interest when a student
I'm fully expecting the answer to my query to be a flat 'no!', but I'm embarrassed to ask the bank my query and would prefer to receive the ridicule for asking it anonymously online! Any replies will be very much appreciated and I hope I've posted this in the right section. I opened a student account with Natwest in 2005…
Incorrect CIFAS Marker.... made to feel like a criminal
I'll try to keep this brief but i'm so angry I tend to ramble on. In July 2016 someone opened a bank account at Barclays using my details (easily available from companies house) and some other details that were very inaccurate eg time at address, phone number etc. which were incorrect. Despite this Barclays opened an…
Amazon UK - Free £10 if you have HSBC - Promotion ended 1/8
I notice on Amazon UK today: When you set your HSBC UK Debit card as the default 1-Click payment method at Amazon.co.uk, you will receive a £10 credit on your next eligible Amazon.co.uk purchase made on or before 31 December 2020 using this card. Please note this offer is available for a limited time. The promotional…
Bank Refund
A refund for a cancelled holiday has gone to an old debit card with Lloyds on the 6th July, I have been chasing this and was told it would take 7 days to get it transferred to my account (so I booked another holiday), then it would be 15 days and now they are telling me up to 45 days to process it as they are busy. I need…
Bank chargeback help
This is a Covid 19 issue but it is more about bank procedure than about the virus and I thought it best to post here. It's very long but I'll try and keep it as brief as I can. I raised a formal chargeback with Metro bank in May relating to a hotel that was in lockdown in Spain and could not supply my holiday that had been…
Lump sum easy access
I have just completed an Equity Release deal* which will payout a lump sum of around £12k. This will be used to supplement my pension income and I'm hoping it will last around nine months to a year before I need to draw down the next tranche. This is on top of clearing a mortgage and two credit deals. The intention is to…
Paypal Weirdness
Hi I’m not sure which is the best forum for this so sorry if it is the wrong place. Checking my bank account today I noticed a Paypal*JustGiving transaction pending for £1. This is odd, although I did make a Just Giving donation using PayPal earlier in the week, but that was showing as already processed. I logged onto…
LBG collections Refund
Evening all, I'm new to this and honestly not sure if I'm in the right area, so if not apologies. I checked my Halifax Current bank account and saw I had a refund for £382.52 labelled Bank Refund Collections Refund LBG. I called Halifax straight away and they said it was a proper refund via Equiniti Copenhagen with an…
Lloyds Technical Problems Has Left Me Unable To Access My Banking For Over 2 Weeks
As the title suggests, there has been some sort of technical issue with Lloyds that has left me unable to access my online banking for the last two weeks. A little rundown of what has happened: I tried to log into my account and it said a one time password had been sent out. I waited 3 days- no letter. I contacted them and…
Giving Bank Location Permission on Your App
Ive always denied doing this on all my banking apps however it has recently come to my attention that giving them permission could be a good thing. Apparently their algorithm or fraud detection analysis will use the location analysis of your app do help combat fraud and also restrictions on your account if you are using…
Faster payment gone to wrong account
Hi there Not sure if I’m posting this in the right place but I’m looking for some advice. I was given a refund if around £1500 from a large company last year. I provided my bank details but I got two digits mixed up and they advised they sent the payment. A few days later I contacted them to say I didn’t have it. After…
Should I try to get to the next LTV housing bracket?
I'm 26 & looking to buy my first house in the next 12 months for around £175k. I have £58k in savings and £27k salary. I save about £1.2k a month (living with parents) so my savings will continue to grow up until I buy, When I buy, I'll probably put down a deposit of about £55k. This gives me a LTV of 68.57% currently. I…
Possible £100 Halifax switch offer starting 4/8/20
Posted on "hotukdeals" - starts 4/8/20 expires 14/9/20 - not on website yet so far from definite. "As part of a re-launch of their Reward Current Account, Halifax are offering customers £100 to switch their account over from another provider, to either a BRAND NEW Reward current account or a BRAND NEW Ultimate Reward…
New Halifax Reward account. Has anyone figured out a way around £500 spending?
I have signed up to the new Halifax Reward account, where you get £5 pm for paying in an x amount of money in to it every month, and then have to spend £500 on a debit card.As I have a cashback credit card, I don't want to use debit card for any spending.I though, if I was to deposit £500 every month with my Halifax card…
How many accounts do you really need?
Hi Guys, I’ve been following a few “money gurus” for a while now. And found that almost every one of them suggest having 5+ bank accounts... some even have 10. Now my question is how many should you have and why?
CIF@S marker help
Hi all, I am posting on behalf of a friend who is too worried to post herself. Bank account got closed, I advised her to check CIF@S as per all the stories we hear on this forum. A CIF@S cat4 marker has come back, for 'application fraud'. I advised her to do a SAR to the lender in question and I had a look at the info they…
Current Account Switch
Hi anyone use the Current Account Switch recently? Is it reliable? As im worried about my pay going astray. Im switching from the Virgin Money Essentials Account to the new Virgin Money M Acccount. Thanks

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Budgeting & bank accounts

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