Budgeting & bank accounts

Archives for September 2022

Santander Blocked
I deposites £8920 cash last wed into my personal account. I explained where the money came from etc. My account was blocked straight away. I can no longer make any transactions. If I phone up all I hear is a statement saying I can't make any transactions etc and no time scale etc this is absolutely disgusting. 6 days…
is it wise switching current account to current mortgage lender
Hello, I have been getting email offers to switch my current account to my current mortgage lender , which has benefit of one time cash back , and withdrawal prizes per month. I dont have any problem with my current bank account , but i wonder if switching it to the current mortgage lender , that can closely monitor and…
Jam jar accounts or similar
Hi, I’m really needing something to help me budget and would love to have something like online piggy banks/jam jars to put money into a space where it will stay until i need it for example, birthdays, holiday, car emergencies etc. I found something called Barclay PingIt but this isn’t available any more but this would…
Is my money safe over £85,000?
I am an executor for my late mothers estate. She had an investment which is being liquidated and I should receive the funds this week, around £295,000. I need to put those funds in a bank account until the funds are ready to be distributed. Is there a temporary account I can put them in where they will be fully protected…
Monzo open within a few mins how long to apply to switch
Hello again I have just opened Monzo account and funded it It took a few minutes Can I now apply to FD to switch ? Thank you
Revolut and switching bonus
Hello I have a Revolut account that I rarely use. Would I be able to switch this to one of the other banks for the switching bonus? Many thanks
Getting out of overdraft - need help keeping track and budgeting
Hi all, I'm usually very savvy with money but sadly I've become disabled and chronically ill with serious brain fog. I want to clear my overdraft but I'm finding it so hard to even see progress because my finances have become a jumble. I used to get my salary at the end of the month, and the biggest payments, mortgage and…
UK Prepaid (Debit) Card
Hi All, Could anyone recommended or suggest a Prepaid Debit Card for wages being in and cash withdrawal (more than £300 possible?) with no fees to the option of money transfer to UK bank account? Thank you
Santander heavy handed Know your client
Santander have blocked my business account as they say they have been trying to get hold of me to confirm some details. no letter no text and no email to warn me that the account would be blocked. i spoke to the remediation team who had placed the block as they wanted more information about me to comply with know your…
Lloyds Bank – Midnight Security Checks?
My wife is a long-term Lloyds customer with all her accounts in good order. A few months back she awoke one morning to find Morrisons had cancelled that day’s online food delivery. Chasing Morrisons and then Lloyds eventually revealed that the food order, which became closed-off late the previous night, had been debited to…
Joint Account For Power Of Attorney?
Hi all.If 2 people are joint power of attorneys for an elderly father is there a way for them both to have equal access to the account?Currently it is set up on a mobile app / online however if the person who did not first sign up to the account and wants access then they must enter the OTP that is sent to the primary…
Has anyone recently switched from a Nationwide Flex to a Flexplus account?
I am considering switching to the paid for account for the included travel insurance as I have a couple of trips coming up and it will be worth having, but while looking for reviews of the account found Nationwide's rating on Trustpilot has fallen through the floor with some people having trouble switching, I have not had…
Not been able to do a contactless payment without pin for over 2 years.
Why is it called contactless if I always need a pin :) These are trivial amounts, typically under £10. Most recent at Mcdonalds, when my sister swiped my card she even commented thats odd I never need my pin.
Be careful when posting cheques
This is not first hand experience, it is something I read online, but I found so unbelievable I thought I would post it up: https://www.thisismoney.co.uk/money/experts/article-11245671/TONY-HETHERINGTON-Cheque-41-627-stolen-change.html
Switching offer with Santander
I opened up an account with Santander 123lite on the 20th September using the switching offer. One of the conditions for the £175 offer is to pay in £1000. Is it like other banks where once you have paid it in you can take it out again straightaway or do you need to leave it in for a period? My guess is you can remove it.
Birmingham Midshires withdrawing their savings accounts which allow deposits by DD.
Just received a letter to advise all my accounts will be closed between 24/11 and 24/12. Will need to juggle my DDs now to cover Natwest, Lloyds club and Santander. Will probably need to sacrifice 1% cashback for Council Tax and Virgin broadband.
Value of money
I have worked in the same company since I left school at 16 and now 27 and never really have been good understanding the value of money. I mainly think this is due to having such a good regular salary at a young age and the use of online banking (numbers on a screen). I was wondering if anybody had any tips or suggestions…
Natwest / RBS £1,000 Prize Draw - enter by 3 November 2022
For holders of Natwest and/or RBS current account and instant access saving accounts only Just switch on Round Ups before 5.30pm on 3rd November 2022 to be in with a chance of winning 1 of 10 £1,000 prizes. As far as I can tell, you don't actually have to ever use the Round Ups feature, and in any case, you can turn it off…
Large sum stolen - Barclays aided the theft and won't help; what do I do?
First of all; we don't bank with Barclays... Second, this was not a scam - it theft... Some months ago we sent a cheque we received (from an inheritance) to our bank and somewhere along the way it was stolen. When it failed to arrive in our account, we went back to the cheque issuer to cancel it and they said it had been…
Tandem banking app – not working.
Anyone who saves with Tandem, can you see if you can log in, I’m having issues “something went wrong” Maybe they are updating the savings rates?

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MSE News

Nationwide urged to "give members a say" over proposed Virgin Money takeover as thousands sign petition calling for a vote
Nearly 4,000 people have signed a petition calling on Nationwide – a building society owned by its customers, who are known as members – to let them vote on its decision to buy rival lender Virgin Money.
Bank of Scotland, Halifax and Lloyds to close 177 branches in 2024/25 – 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 177 of their bank branches in 2024 and 2025, the Group has confirmed.
Barclaycard's cutting minimum repayments – you could be in debt YEARS longer paying DOUBLE the interest
If you've got debt on a Barclaycard, it's likely the minimum you have to repay each month will be cut from July. If you're unaware, and don't act, you could stay in debt for many years longer and pay possibly £1,000s more in interest.
NatWest, RBS and Ulster Bank to close at least 100 branches in 2024/25 – here's the full list, plus alternatives
NatWest, Royal Bank of Scotland (RBS) and Ulster Bank, which are all part of the NatWest Group, will shut at least 100 of their bank branches in 2024/25, after RBS announced a further 18 closures.
Co-op Bank customer? You could be moved to Coventry Building Society in future – here's what's happening
The building society has today agreed to a potential takeover of the high street bank – though it's still very early days and the deal needs regulatory approval.
Got a text, email or letter from the Met Police? Don't ignore it – you may need to act to protect yourself from scams
If you got a text message or email from the Metropolitan Police between 4pm and 6pm on Wednesday 17 April – or you get a letter in the next few days – don't ignore it.
Save up to £1 on your takeaway coffee – while saving the planet
Many of us regularly reach for a cup of coffee or tea to give us a caffeine boost, but if you’re out and about and can't bring a thermos from home, the cost of this can quickly mount up.
Chase customer? Check if you can get its boosted 5.1% easy-access saver
If you have a Chase current account, you may be able to get a table-topping 5.1% easy-access savings rate to go with it, as the bank has launched a new, temporary bonus offer for some existing customers.
New online state pension boosting tool promised to Martin Lewis hit by delays – here's what you need to know
The tool was first promised to MoneySavingExpert.com founder Martin Lewis on ITV's The Martin Lewis Money Show Live last summer and was expected to launch before the end of the 2023/24 financial year.

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Budgeting & bank accounts

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