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Budgeting & bank accounts

Archives for December 2021

Old Cheque Books
I have been tidying up my papers and found a few cheque books for the accounts which have been closed by switching some a year or two ago. What would be a safe way to get rid of them? I haven't got shredder.
Would appealing a decision from a bank leave a mark on my credit file?
I made a post yesterday but for some reason cannot post again on it. So I attempted to open a current account with RBS yesterday and was immediately told they’re unable to give me one. This no doubt probably left a mark on my credit file. I suspect this is because they checked my credit score with a particular agency and…
Changing NatWest Account Names
Many months ago, NatWest suspended the facility to change your account names. The following message appears after clicking change account names. "We regret that this function has been temporarily suspended." I had been using this as a workaround to contrive the order in which my accounts were displayed. As a result, the…
Almost 5,000 bank branch closures since 2015
Nearly 5,000 bank branches have been closed since 2015 - or are scheduled to be shut - according to data from Which?, leaving millions of people at risk of being cut off from vital banking services. Read the full story here: 'Almost 5,000 high street banks have shut or are set to close since 2015 - but if you need access…
Using hyperjar
Hi all, and Happy New year! Does anyone use hyperjar for general spending? We're trying to use it for everyone in the house to have a small amount of general spending money, but can't figure out how to pay for things online with it. Has anyone figured out how to link it to your Amazon account, or buy gig tickets etc on it?…
Ex wont close joint account
Hi all, I had a joint bank account with an ex some five years ago now. When we split I went into branch, froze the account, and signed the paperwork for the account closure. My ex refused to sign the paperwork. I've sent it to her a further three times over the past five years and yet the account is still open. Lloyds have…
Nationwide Payment Issue (NYE)
All my payments (incoming and outgoing) for my FlexPlus account aren’t completed yet and even my salary hasn’t come into my account today (New Years Eve). Anyone else affected today with Nationwide? Sadly they also had issues with payment processing a couple of weeks ago - sigh!
Rejected for a Select account from RBS - worth appealing?
Just applied for a Select account at RBS, didn't really think much of it just looking for a crappy account to open so I can use it to switch to another bank and get a bonus. Filled in identity information and uploaded a picture of my drivers licence along with some sort of "liveness" test. After a minute I received an…
A bank account with many sub-accounts for easy piggybanking
Dear Martin & hi everybody, I researched bank accounts to do piggybanking AND put 10% of my earnings aside every month without spending them in view of investing them to beat inflation. After much research, what I found was very interesting: I came across a neo-bank in germany called Vivid. Opening an account was free and…
Five major events set to impact your personal finances in 2022
From the reintroduction of costly European roaming charges to new rules being implemented around car and home insurance - here's a quick breakdown of five key events and changes that are set to impact your finances in early 2022 and, more importantly, what to do about it. Read the full story here: 'Five major events set to…
Made approx £500 in a couple of months!
I have done a switch to Nationwide Lloyds TSB Santander Halifax I bank with First Direct and for some reason every time I apply for HSBC switch offer, it keeps only offering me a standard current account. So going to try again mid next year as I don't feel I will get another round like this until a couple of years have…
Switched accounts. Who needs to know?
I have just switched our current account. All went smoothly, bonus received. There seems to be conflicting info on who needs to be told. I thought the switching procedure took care of all regular payments in and out, DD and SO but among the instructions our new bank provided it said we should inform our pension providers.…
Coins for cash
My son had £80+ in assorted coinage. The bank weighed the sorted bags and said it was £62.50?
2022 budget attempt
Hello, I'm going to try and stick to a budget this year. A bit about me: Moved into first time flat 2.5 years ago. It was a complete dump with no kitchen so I've nearly finished off paying £7k for a new kitchen. I've not had any spare cash to make the flat nice so it looks a bit barren. I have a terrible junk food habit so…
First direct switch previous customer over 6yrs ago
Hi, looking at switching my bank and to claim the switching incentive FD are offering. It says only eligible for customers not previously held a bank account. I had one over 6yrs ago and following GDPR all records should have been destroyed and this shouldn’t appear on any credit checks. Therefore if I apply should I…
Santander Christmas Eve Double Payments
On Christmas Eve Santander processed a banking file twice paying over £2m to individuals twice instead of once, it only went out of our business account once. They now want to recover the money from the individuals, can they do this? Has this happened to anyone else? and why is there nothing on social media about this?
Is it ok for my dad to access my mums account if she's in a care home?
My mum is currently in a care home suffering from dementia and incapable of making decisions for herself. There is no power of attorney in place. My dad has access to her savings account in her name and also the current account in joint names. Is it ok for my dad to access my mums account e.g. transfer money from it to the…
long term savings account for grand child
Looking at starting a savings account for my first grand child, would like to put a regular payment in each month £50 till she is 18, but am so confused on all the accounts out there ideally i'd like to set it up and run it myself, cant decide between A junior ISA or savings account, Anyone had experience of setting up a…
Blocking cashback due to gambling?
Hi all, Could someone please help me asap. I’m looking for a bank account which blocks cash back. Long story short, I have a gambling problem and have managed to start using a Monzo account which blocks gambling transactions, limits cash withdrawals to £10 per day (could be less) and blocks bank transfers out. This was…
Santander machine ate my deposit?
So having received some money for Christmas I thought I would lodge it into my Santander account. Went to the ATM put money in and it seemed to spin and take for ever, I then got and unknown error and it gave me my card back and that was that. Nothing lodged to my balance, I contacted Santander who told me they have no…

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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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