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Budgeting & bank accounts

Archives for October 2021

How long do DD changes in a Bank Switch take?
I switched my Tesco Bank to the Nationwide last Monday. The switch included two active DD. As of today both DD are still shown as linked to the Tesco account. One of them is due next on the 9th November. I realise there is a Switching Guarantee but should I do anything in the mean time or not worry?
When is a fiver not a fiver? When its a £5 coin
Hello I have been gifted 20 £5 coins, all from the period 2002 - 2012 covering events such as the Queen Mums death to the Olympics. All are still in their original packaging from the Royal Mint - seem to be issued in Mainland UK, rather than CI or Gibraltar Are they worth ebaying or similar, or should I just take them down…
Halifax reward account
To qualify for the £5 reward would direct debits count towards the monthly spend of £500? Instead of keeping £5k in the account!
current account for a small sports club
anyone know which bank I can open a "club" bank account for. My son and his friends are members of a small basketball club and we need a bank account to collect money for kits, Christmas party and now and again for new basketballs etc. Another parent and I are willing to be co-signatories. I thought the virgin money clubs…
Co-operative Bank Online Banking
I'm hoping that there's someone here who is more familiar than I am with Co-op Bank's online banking (web, not phone app) and is willing and able to help. I've recently opened a Co-op Bank current account. So far, so good: everything seems to be running smoothly. But where in their online banking can I see a list of my…
New bank account query
Hi everyone, I am looking for some advice. I want to set up a basic bank account to for use in work as we want to sell off a lot of items that we no longer use and use the money for 'GREEN' initiatives within the company. I am looking to run this on behalf of the company but the company will not be involved as it will be…
Xmas vino sorted with Virgin switch......
Don't even need any direct debits!!
Bank account with 'Decline' feature like Tesco Bank?
Sadly my Tesco Bank Account is closing at the end of next month and I will miss the feature where, before I went shopping, I could transfer £50 (or some other amount that I didn't want to spend above) and go to the shops without the risk of me forgetting how much I have in my shopping trolly and going over my 'limit'. If…
Foreign exchange and Lloyds withdrawing money without permission
Hi All. Please could I Ask for some advice. I took 2700 Chinese yuan to Lloyds bank today, to exchange back to pounds. After 40 painful Minutes standing in from of the cashier, he rejected 2 of the notes- no reason given. He said he didn’t know. I didn’t argue and carried on with the transaction. He accepted the rest of…
Using my bank account to open S&S ISAs for sons?
I have recently retired and I want to gift my sons some money from the lump sum and we thought a S&S ISA account for each would suit them for longer term saving but my question is, will my bank/investment provider/HMRC think it is ‘suspicious’ that two ISA accounts were opened at the same time using the same bank account?…
Nationwide blurry screen when trying to open APP
I use an iphone 11-latest update installed. Removed and replaced a APP-stlll blurry screen about 1 in 3 attempts. Cannot log in with this screen-only fix i know is to switch off phone pwer back up and usually works. Does anyone know is this Is this a Nationwide or APP problem?
A Solution To Banking Scams?
Hi Everyone, I am new here and I have come here after exhausting other avenues 2 years ago I come up with a simple solution to end bank fraud/scams, meaning the end of scam phone calls, emails, texts, websites. The banks lose 100’s of millions of £’s every year due to this type of fraud/scam, I have sent many emails to the…
Direct Debit Accounts
I have read a number of old posts on this subject but nothing from the past couple of years.Tesco have announced that they are closing all current accounts in November 2021 and the Post Office will refuse to accept direct debits from March 2022.Can anyone recommend a couple of accounts (other than Paypal) that I could use…
Stolen debit card - new type of fraud
Sadly I was conned out of my HSBC debit card today in central London. A young chap claiming to be French (but looked Asian) approached me claiming his brand new electric car battery had failed (standing next to a shiny motor) and needed to phone his insurance company in France. For some reason he couldn't do this on his…
Internet fraud on my bank account
I have recently been defrauded on my bank account to the tune of over £10,000 via online gambling platforms. After contacting my bank and being told the monies would be refunded in 48 hours now six weeks down the track I am told the case has been closed and there is nothing more I can do about it. I have concrete evidence…
Photo ID needed
I was going to go for the £150 switch to the RBS. But came to a grinding halt when it came to needing some form of Photo ID. I don’t have a passport and my provisional license is the old paper one. Is there any other types I could apply for? I did go down the route of phoning the RBS which is the option given if you don’t…
Nationwide card reader
Please could someone help me with setting up a standing order on nationwide? I put in my pin, then put in the code it tells me to on the screen and the card reader gives me the passcode. But the screen is telling me to input the amount I want the standing order to be before I enter a passcode? The card reader doesn’t allow…
Switch bonus from Nationwide
As an existing Nationwide customer does an account you switch to it need two have active direct debits to get the bonus or do the existing nationwide direct debits count?
Nationwide made two Technical Errors on my Switch. How much compensation should I ask for?
Dear Money Savers, I switch accounts from Bank of Scotland to Nationwide to get a £125 switch bonus. However first Nationwide due to a technical error, which they admitted to only after I chased them, did not switch me on the due switch date, but a week latter. Secondly when they did switch me they sent me a text saying I…
Nationwide switch - multiple failures! Can anyone help?
Hi All I have tried multiple times online to switch our Santander account to Nationwide, using the ‘Switch Account’ link in my N/wide account, with absolutely NO success! This evening for example, I get to the very last screen, click confirm and I get an error message “Sorry there is an error, for technical reasons er…

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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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