I am thinking of selling my car via a well known car buying service, and have an appt with them later this week. They have asked for my bank account details in advance so that, if I decide to sell to them, they can make the payment in to my account details count using Truelayer. I'm naturally a bit wary of providing these…
Piggy banking: Returning to budgeting on retirement - how to piggy bank now we don't use cash
Hi everyone Returning to MSE with my retirement upcoming at the end of April. Used MSE over 15 years ago and and the forum really helped in lots of ways so I'm back. Really not sure how to piggy bank in a cashless world. Already have a bills and a holiday account connected to bank accounts. My key way was to draw out cash…
Nat West Bank account closed for putting someone else’s money into it
I will try
to be brief – just wanted some advice In 2020, because
of a recent bankruptcy, I didn’t have a bank account. And because of the virus
I went onto UC [and housing] – as my industry has been one of the hardest hit
by covid. First to close and last to open. UC suggested
opening a post office account, which was…
Which uk banks let you save 2 payees with same account number
Running into a minor issue with Natwest where I need to pay more than £1000 to 2 separate tax free childcare accounts on the same day but unable to. The issue is that tax free childcare accounts use the same sort code and bank account number for everyone, with a unique reference number per child used to pay into the…
Nationwide talks with TSB
Has anyone had fraudulent problems with Starling Bank? I had £20,000 taken from my bank account during the night in November and thee bank are not claiming any responsibility, they won't even give me any details of their investigation i.e. where the money went. I have contacted the Ombudsman who currently have a backlog of…
Length of time - for money to go from old, closed account to new switched account
Money sent in error today (Old account- Halifax. New account - HSBC) Has anyone had any experience of how long this will take, please? I switched last year, so it will bounce to my new one, just worried about time scales. I'm assuming that I don't need to do anything!
FairFX prepaid card
A word of caution for those considering to get a FairFX multi-currency card. Even though it is a Mastercard, you cannot use it with ApplePay or Curve. I presume it also doesn't work with GooglePay/SamsungPay. It also cannot be used at NS&I, Skipton, YBS, iWeb, HL etc as the card is not recognised as a UK-issued card. I…
Santander basic bank account help
I have opened a basic Santander bank and have reduced 2 cards one is a debit card and one says basic cash card. do I give my employer and the relevant benefit agency’s the account number and sort code on the cash card or debit? I assume it’s the cash card then I have to send it over to the other card to withdraw it? Why do…
Switch unused account, keep separate used one?
I have two current accounts with HSBC, one I use and one I don't. I want to switch the unused account to take advantage of a switching bonus, while retaining the used account. Can I do this? I realise I'll need to check the switch bonus terms and conditions for things like DD's.
How much can my dad legally gift his children/grandchildren without tax implications?
Hi quick question. My dad would like to pass on some of his savings to his three chilldren, and his 3 grandchildren (2 at 18 years, 1 at 16 years) How much can he transfer us each this year wihthout any tax implications - 3k? 5k?
What's a reasonable amount....
So my wife is not working and I have taken on full responsibility for bills, mortgage the running of two cars and the costs associated with our pet. We had a discussion about how much she felt she needed for the month to cover food for the two of us and her mobile phone bill and a few other bits. I suggested £500. Her…
Switching bank accounts - new bank want to tell my employer
I'm in the process of filling in the form for a switch to HSBC, from a Natwest account i use for billing (not my main account), but HSBC have said on the application "We'll also tell your employer that you've changed your bank account details." however I do not want or need them to do this - my wage goes into a completely…
Opening a business bank account
Hi all, I've recently registered a company with me, my missus and 3 children (20, 17, 14). I and my missus have voting rights with 35% & 20% respectively. Our children have been allocated 15% alphabet shares each with no voting rights. I'm struggling to open a bank account for this business. Can anyone suggest a bank that…
Transfer €100k from a German bank account to a UK bank account
My partner's mother has sold a house in Germany and wants to give my partner some of the proceeds - around €100k. What is the best way to get the money from her mother's account in Germany to her own account here in the UK? Alternatively, would it be better for my partner to set up a UK based Euros account (e.g. Wise)? and…
Klarna launches a physical card in the UK
Klarna has announced it is launching a physical card in the UK through Visa. The card utilises the company’s buy now, pay later product and lets users defer payments on their purchases both in-store and online. The Swedish fintech giant already rolled the card out in Germany and Sweden, where it is currently used by over…
Nationwide switch offer (how many times)
Evening all, just reading on the latest switching offers and noticed that for the Nationwide offer it doesn’t state that you aren’t eligible for the bonus if you’ve received it since such & such date. I got the bonus last year and switched to Lloyds, does this mean I can switch back to Nationwide and claim the £100 again?…
Download the York's BS app and get a £5 Costa Coffee voucher
Anyone else received the email?
HSBC DDI Issue
Hi All, Has anybody had any issues setting up a new DDI with HSBC recently? I opened my account with them last year & have all my DDI's set up from that account, but over the last few days I've tried to set up new ones with different companies & all say they're unable to validate my account details. Spoke to HSBC yesterday…
Community group seeking cheaper banking
Our community group has few funds but we do get small grants when needed for projects. Therefore we need a bank account. Recently an annual charge has been added and like many other small clubs etc. we cannot afford bank charges. Has anyone found a cheaper way?