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Which of these banks should I switch to?
Hi all, I am looking at switching my current account to one of the following, which bank do you use and why? Please give me pro's and con's to each. Thanks in advance :smile: -Monzo -Chase -First Direct -Starling -Halifax -Natwest
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What do you think of the 50/30/20 principle
Hi there, New year, new financial start! What does everyone think of the 50/30/20 approach to finances. The premise is that you should spend no more than 50% of your net income on essentials (e.g. housing), no more than 30% on non-essentials (e.g. holidays, eating out, gym membership) and minimum of 20% on your future with…
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Starling Bank
I was looking for trustpilot reviews of Monzo, but starling seems to have a lot more negative reviews of people having their account restricted within the last few days. Also apparently they used to offer a high interest rate on current accounts, but thst's being turned off next month and people are being told to apply for…
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PayPal scam
To warn those with a PayPal account about a scam even if you have double authentication like I had. I purchased an item on 30 December 2024 on ebay and as usually was prompted to put in the unique 4 digit code for that purchase which I did and it went through. For some reason PayPal transactions go into your delete folder.…
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Transfer of funds
I am attempting to close my UK bank account and transfer the funds to my French account. I hoped to do so using the Lloyds app. but I am told that they cannot do so directly but will issue a cheque (remember them?). Is there anything to prevent me using a bank transfer to pay the modest amount involved into my French…
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Opening Oxbury account - asking for my address to be certified by a trusted person?
First time I've ever opened an account and been asked for this. Is this normal? "Thank you for applying for an Oxbury savings account and uploading your driving licence. We have successfully been able to verify your identity. However, we also need to confirm your address, to do this we need some more information from you.…
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Bank ignoring me on bank charges
I have had many bank charges over the years. I read information in here about reclaiming charges. I’ve been in financial hardship for years, I have been unable to work since 2012 due to debilitating chronic illnesses. I’m rarely able to deal with things and feel completely overwhelmed as my cognitive function is also poor.…
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Leaving card details with insurer
I have just renewed my car insurance, payment would not go through online so I called the insurer who had my debit card details from last year. The payment went through no problem. "We have collected this amount from the credit or debit card that is securely held on file." I have turned auto renew off but I was wondering…
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bank account refused - for sectioned son despite having DWP appointee letter, no photo ID though
Hi there - can any of you helpful folk explain this for me? I have tried using my DWP Appointeeship letter to open a bank account for my son (in secure mental institution) in his name with me as Appointee. I explained from the start that there was no photo ID (driving card and passport stolen last year) and wasn't going to…
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Maintaining a 'transaction log' (esp. with Chase!)
Hey everyone, I'm trying to take a much closer look at my transactions this year, predominantly to keep an eye on spending but also to make sure say refunds are processed, see what interest payments I'm receiving etc. I've been eyeballing it but a closer approach is needed - mostly because my 2024 spending, when looking in…
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Strange happenings trying faster payments
Due to circumstances I've not been able to give two of my grandchildren their customary Christmas box in cash and I've had to resort to FPs. Got their details from their father. Grandchild one banks with Nationwide - I set off: From my Nationwide account - 'this account doesn't exist' From HSBC, Santander, Lloyds, Halifax,…
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First Direct bank unsupportve/unhelpfull
First Direct bank are not allowing my wife to transfer her account (£40k) to a-n-other.A short while ago my wife (since 1966) requested that I set up a new bank account for her, she had been advise by a loving neice that at our 80+ yrs ages my wife should have her own seperate bank account for the time I died.At the…
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Monzo has disabled my account, it's been two weeks and no updates
Over the holidays my bank account suddenly stopped working. I gather I've been flagged as suspicious, the only thing that I can think that happened is I received a significant pay out (5 figures) when my employment ended with work. I totally understand that they have rules they need to follow so can't / won't say anything.…
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Windows 11 and Microsoft Money
New PC arriving with Windows 11 and looking to continue using Microsoft Money on it. Digging around online I see suggestions that both the Sunset Edition and the 2005 edition should run, but each one seems to create some problems some times. I know there are quite a few users of Money on here - any advice on which of the…
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Bank switch and direct debits
I would like to help my son switch banks to the first direct account and benefit from the £175 payout but he doesn't currently have any direct debits. Is it allowed to quickly set a couple up, and for them to pay into my bank account (which i then refund) for example? Then switch a week later? are there rules about when…
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Cashing a Building Society cheque.
I closed my late mothers Coventry BS account, and they posted me a cheque. I bank with LLoyds but wanted to access the funds a bit quicker than waiting for 3 days for it to clear. if i dont have an account with them? Or will i have to run it through my LLOYDS account and wait? Or will LLOYDS allow immediate access to I…
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How can some banks do instant transfers and others not
The usual excuses given for not being able to transfer money instantly may be valid, but then, how come some banks manage it? I tend to choose those banks that offer genuinely instant transfers, so why do the others follow suit?
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Halifax Reward Current Account question
I've always paid in £1500 from external accounts to each Reward account to be on a safe side. Is this necessary? Would internal transfers count towards £1500 requirement?
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How to uncross a cheque
I need to take a business cheque to a bank and receive cash. As all cheques are "crossed" to ensure payment into an account, I need to "uncross" the cheque so that I can get cash. I have done this before years ago but forget how to correctly uncross a cheque. Can someone please remind me? I remember that the cheque must be…
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Good Bank Account for Side-hustle? - Must Be Free!
Hi, I have started to earn small sums from a side-hustle (paid writing work and affiliate marketing). I'd like the payments to be made to a separate bank account to my main personal account, so that accounts at the end of the year are easy. What's the best option currently available? I am looking for a free option and…
