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Budgeting & bank accounts

Archives for December 2020

Robocalled from Halifax...that wasn't them.
Just (in last few days) opened a/c with Halifax, selected methods of contact to be ONLY online and email. Today received two separate auto-voice calls saying they were from the Halifax, thanking me for opening the account and to make sure I paid in funds by x date. Nothing more. 1471 gave me the number which I then googled…
Shared bank account
Hi all my girlfriend and I want an account we can both transfer money to that we can dip into for shopping... what would be a good way of doing this? Would it be just a normal joint bank account? I just wondered if there was something easier and less scary thanks
Bank account switch service
Hello All, I changed bank accounts recently using the switch service, this was Barclays to HSBC. My question is I know all direct debits and standing orders get switched over for you and they have done from what I can see as my Barclays is now closed. However with my bill dates looming (due on the 1st) I have checked a few…
What to do with euros - cash?
Hi, i have euros that i received from my Latvian family in cash. I keep it at home, but I'm worried in case the house gets burglarized/burnt etc that I will lose it. Also, the idea of money lying around doing nothing worries me too as it can lose its value. What can I do? Should i open a savings bank account in Latvia and…
Should I keep a High Street Bank Account
Hello All, I currently Bank with Starling as my main account but I still hold a open Account with the Halifax Group. Should I Keep the Halifax Account open for things such as getting a mortgage etc, Having worked in Residential Conveyancing for a few years I know how important it is to show Money for Proof of Funds in such…
Budgeting apps
Ive always kept an excel spreadsheet of our household bills and outgoings - the amounts, payees, dates of DDs/standing orders - but I’m now looking to keep a record via a mobile phone app. Does anyone know any good, easy to use ones? Thanks
Managing Parent's Bank Account - Direct Debit 2nd Authorisation
Hi everyone, I'm looking for some advice on managing my mother's bank account. Her memory is on the decline and my late father used to take care of the home accounts, so she tends to get confused around bills and what have you. She's also more recently been scammed into setting up several Direct Debits over the phone by…
Easy to open business account
I'm looking for recommendations on an easy to open business account. I know some banks want to interview new applicants etc but I'm looking for an online process for quickness. I think bank of Scotland and Lloyds do interviews for sole traders but I don't know about rbs/natwest. Any views?
Odd Argos pending transactions that weren’t me.
This evening I received a notification from the NatWest app asking me to accept or decline a transaction for £69.99 from “HRG”. I went into the app and declined it as I wasn’t online shopping or in a shop. Worried, I looked through my recent transactions and in the pending ones there is one from today for £79.98 from…
bank accounts DWP stops paying benefits and state pension into Post Office Accounts
DWP stops paying benefits and state pension into Post Office Accounts is there a bank account for the elderly simple and easy to use ? my 81 year old mother has been using post office for years but now they are stopping it in 2021. she found the post office easy to use but now worried how to move to a bank and new cards…
Nationwide Flex Plus
Searched the forum but found nothing about value of packaged accounts in the current situation we are in. Do people still see any point in keeping packaged account such as Nationwide Flex Plus? £13 p/m for family worldwide travel insurance, European car breakdown assistance and quite generous mobile phones insurance. Looks…
Budgeting app or personal finance software - help me choose please?
Hi, I am not sure whether this thread is in the right place? (Apologies if so - I did a search but couldn't find anything relevant) May I ask for some advice from users of personal finance software, and budgeting apps about which budgeting app or personal finance software would meet my needs? I've done some research and I…
Frozen bank account threads (and similar)
wouldn't it be easier to just ask people proof of what they are claiming before help is given? ,see to many wind ups on here and people taking their time to help when no help is really needed (i couldn't see how to add a poll for some reason)
Switching to joint account what happens with our overdrafts!
Hello there, forgive me for typos I’m dyslexic with a auto correct that can’t understand :) my husband and I after 11 years decided we want to have a joint account. It’s becoming a pain to keep track of bills and also both being paid different times of the month. We both have overdrafts that we want to eventually reduce…
New TSB Debit Card Design
Does anyone have a TSB debit card with the new 'portrait' orientation card design? Just wondering if they've started issuing these yet.
If you have a fraud CIFAS against you?
If you have a fraud CIFAS against you and your banks closes your account. You apply for a new account with a different bank and that is rejected, does that stay on their internal file longer than the CIFAS marker so you won't be able to bank with them at all in the future? Or does it clear after 6 years?
What are the Halifax Reward loopholes?
I’ve seen lots of separate mentions of how to get multiple Halifax Reward accounts over the years (eg upgrading and then downgrading) but never captured the up-to-date tips in one place. Personally I’ve got 3 single-name Reward accounts which I’ve held for over a decade... so not doing too badly, but always open to ways to…
TSB negative interest rates.....
From https://www.tsb.co.uk/savings/savings-potInitial Deposit £1000 Estimated balance after twelve months £1000.50 Estimated balance after 24 months £100.60 Someone didn't check that very well..
Child's Account
I am looking to open a bank account for my kids they are 5 & 6. They both have the ISA's locked in until they are 18. I am looking for an account that I can put their Xmas and birthday money etc into until they find what they want to spend it on. All the child accounts seem to start at age 11. Can anyone recommend an…
Stuck abroad because of Coronavirus, banking help required.....
Hi, I am a UK citizen stuck abroad (outside Europe) and I'm about to lose my UK address due to a forced house sale. Does anyone have any suggestions on what I can do for an address for banking, insurance and general transactions? I have read that banks wont accept a PO box as an address and I am uncomfortable changing my…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Budgeting & bank accounts

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