Budgeting & bank accounts

Archives for June 2021

Why do the statements contain only the initial of my name?
Hi, I'm always been baffled and angry by the lack of my full name from my some of my bank statements. Why is it replaced with the initial? Without the full name someone could claim that it belongs to someone else with my surname rather than to me. What about two brothers living at the same address and named John and James?…
Returning to the UK - how to get started?
Hello and thank you for adding me. I did check the forum but couldn't find exactly what I was looking for regarding opening a bank account in the UK. I have worked overseas my whole working life and after 35 years away am like a newbie to setting myself up - bank account, renting a property, finding a job etc. I thought…
Is it possible to tell if a payment made to me is a 'manual' faster payment or a standing order?
Let's say someone regularly pays me via faster payment for a service or goods, whether they do it manually or schedule it as a standing order, would I be able to see at my end whether the payment was manually made or made automatically by standing order? Or would a standing order still just appear as a 'Faster Payment…
NEW! Marcus Bonus Rate 0.1% giving 0.5% for 12m
Have just managed to add the 0.1% bonus onto my existing account :-)
Changing 15,000GBP into euros?
I normally use revolut, as they give an interbank rate without any fees. But without a premium membership I'm limited to just 1000 per month. Is there any other company or method that can do larger amounts at interbank rates?
First time bank account for pensioner
My mum has never had a bank account, ever. She is 78 and normally draws her state pension from the post office but they are ceasing the service and she’s been told she needs to get a bank account for her state pension to be paid in to. My question is, do banks open up accounts for little old ladies whose only income is her…
Money saving tips
Hi, does anyone have any good money savings tips?
Help organising bank accounts/payment of bills
Hi there, Hoping to get a little advice in relation to banking and paying bills. My OH and I are due to start renting a property next month and are trying to figure out the best way of organising the finances and payment of bills. We don't necessarily want to set up a joint account, but perhaps an account solely for the…
Out of date Counter cheque
We have discovered an Abbey Counter Cheque dated July 14 2008. We do not understand what a Counter Cheque is, and given the date of issue, we are not sure it is still valid. Furthermore, although it is for quite a large amount, we are not sure if we banked it or whatever you do with a Counter Cheque. Please can you explain…
Barclays compensates thousands of Blue Rewards customers after underpaying monthly cashback
Barclays is compensating thousands of Blue Rewards loyalty customers after discovering some had been underpaid monthly cashback perks, MoneySavingExpert.com can reveal... Read the full story: Barclays compensate thousands of Blue Rewards customers after underpaying monthly cashback Click reply below to discuss. If you…
How long should I wait to cancel a cheque?
I've sent a cheque in the post along with a Birthday card to my Brother a week ago, and it still hasn't arrived (second class post). This is from Berkshire to Lancashire. At what point should I report it to the bank, and should I attempt to cancel the cheque? I recall the same happened about 20 years ago. His area is…
Switching from Virgin Money M Plus Account
I have requested to switch my M Plus Account to my Monzo account. Does anyone know what will happen to my M Plus Saver when the switch goes through? Will it close automatically or do I have to close it myself (although I don't quite know how to do that)?
Breakdown cover on Nationwide FlexPlus account - only covered if an account holder is in the vehicle
Hi, My wife and I have a Nationwide FlexPlus joint account and I read on the MSE "Nationwide further insurance info" page (which unfortunately I can't link to as I'm a newbie to the forum!) that "You can also register one vehicle per account holder, and anyone driving that vehicle with your permission will be covered" (2nd…
Hyperjar
Does anyone have experience using hyper jar? We are considering setting up an account & getting cards for our 2 children (9 & 11). We thought this would be more beneficial rather than a bank debit card as spending limits can set and there's no fees. Anyone any advice, comments or used it? Thanks
Multiple bank cards have arrived at a previous address, none of which I ordered.
Hello. Three prepaid bank cards have been sent to an address I lived at 2 years ago. They have my full name on them. They are from Starling, Pockit, and TransferWise (now called just Wise). I have never used any of these companies. Another card was sent out last year I think, but I can't remember from who. Should I be…
Young Single Mature Student 1st Time Move Outer!
Hello there, 1st time poster. I hope I'm doing this right.. I need advice on Budgeting and Renting vs Mortgage. I would like to get my finances in order. I'm thinking of having different accounts for different areas of spending. - How many would be recommended realistically so it doesn't get messy. - Categories I was…
Paperless Banking - Disadvantages
I have a number of online savings accounts which over the years now pay so little interest that I've virtually cleared them out bar a pound or two. But according to the online banks I use, I cannot actually close the accounts without visiting the branch which is a hassle. Occasionally interest is added and I get an annual…
recommnended bank account with savings pots?
I currently have a monzo account, but hearing of more and more people having thier accounts closed.... is starling any better? Or are there any big banks that allow you to have the savings pots like monzo? Many thanks
Google Pay Question
I went to the shop earlier today and for the first time tried using Google Pay on my phone for a small transaction for 30 pound Halifax card - did not work. Kept saying error CC - did nt work, kept saying error Monzo - third attempt of a card worked fine Anyone know the issue? Spoke to google pay and the banks and they…
Best Joint Account for Bill Organisation?
Hi all, My partner and I are buying a house and decided it will be best for us to have a joint bank account.. We are particularly interested in accounts such as Monzo and Starling (I think Natwest are starting similar?) that create 'pots' every month where your bills come out of so you know how much you have spent and how…

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MSE News

Octopus Energy buys Shell Energy UK – here's what you need to know
Octopus Energy has agreed a deal to buy Shell Energy which, if approved, will see Shell’s 1.4 million energy customers and 500,000 broadband customers moved to Octopus.
Have yourself a MoneySaving Christmas… starting with the best way to bag a cheap, sustainable Christmas jumper from only £3
Jumpers are for life, not just for Christmas, but most of us only wear our most garish festive get-up for one or two days a year, and then feel pressure to buy a new one the following year. That's neither sustainable nor MoneySaving, so what can we do about it? I have a few ideas...
More Than to stop selling car insurance policies – here's what it means for your cover
More Than car insurance customers on auto-renewal should look out for a letter explaining they'll be switched to Swinton Insurance, after More Than announced it was pulling out of the market. If you want to opt out of the switch, you'll need to do this before the end of your current policy – or risk having to pay a cancellation fee of up to £50.
more than car insurance swinton
More Than car insurance customers on auto-renewal should look out for a letter explaining they'll be switched to Swinton Insurance, after More Than announced it was pulling out of the market. If you want to opt out of the switch, you'll need to do this before the end of your current policy – or risk having to pay a cancellation fee of up to £50.
New scam ad protection measures to be introduced by Facebook, Google and more – changes Martin Lewis has long called for
New scam ad protection measures, such as two-click reporting and verification for advertisers, are to be introduced by major tech firms, including Amazon, Facebook and more.
Bank of Scotland, Halifax and Lloyds to close 276 branches in 2023/24 – 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 276 of their bank branches in 2023 and 2024 after Lloyds announced a further 45 closures today (Wednesday 29 November).
'Unpredictable' broadband and mobile price hikes should be banned, say Which? and Citizens Advice
Broadband and mobile firms should be banned from hitting their customers with unpredictable mid-contract price hikes, consumer group Which? and charity Citizens Advice have said.
Martin Lewis: Do you have a Power of Attorney? It’s crucial protection – not just for the elderly – and more important than a will
Do you have a Power of Attorney? MoneySavingExpert.com founder Martin Lewis explains how this crucial protection works, why it's more important than a will, and how to get one in the latest episode of ITV's The Martin Lewis Money Show Live.
Second cost of living payment paid to millions – here's who qualifies and what to do if you haven't got yours
More than eight million households on certain benefits and Tax Credits have now received the second third of their £900 cost of living payment.

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Budgeting & bank accounts

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