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Switching interest paying current accounts
My mum has a current account with a reasonable sum in it paying some interest.If we were to switch this account to a better account, how would the interest be accounted for? I ask because mum completes a self-assessment tax return. Would the 'old' bank add all interest by the date of the switch?Because the account is being…
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Help for self employed that has used current account for years thinks may need a business account
Holistic therapist has been using their personal current account as self-employed but is now in a blind panic as they've realised they're possibly in breach of their building society terms and conditions! They're now terrified and keen to put this right urgently but doesn't know how to open a business account or how to…
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Bank accounts with pots
Hi, I'm thinking that in order to help with budgeting it would be worth opening up a new bank account with a pot facility. I'm currently with first direct and don't really want to shut that account as the customer service is good and it has a very handy £250 interest/fee free overdraft which gives me a bit of a buffer.…
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Multiple payments into building society.
Hello. This is my situation. I've been putting money into a building society since October 2024, and then in November, l set up a standing order. This has resulted in Dec/Jan receiving multiple deposits with the extra being returned and a message online, plus a letter telling me not to do this. The issue is when my app had…
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Santander switch after x months/years question
The current Santander switch offer has been going a few months now but the eligibility remains not having had a reward since September 2021. I last switched to them in November 2021 and wonder if anyone knows how often they move the date forward please?
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Dispute recurring debit card payment?
I signed up for a subscription with an internet service in 2021 with my Visa debit card. I cancelled the following year so it would not recur. I received a marketing email a few weeks later stating "Since you've been gone..." and then info on how they were changing their content. However, in December 2024 I was looking…
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Money anxiety
Hi all So i have this thing to do with my bank account I freak out if I have less than £600 in it and I try to not be under 1k if I can but when I hear mt colleagues being skint near pay day I think what am I freaking out about. I am doing a challenge where I save £2 ! Day intona savings account so I can buy myself a nice…
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Financial Facts Sheet
Hi All, I have heard Martin highlight a few times of the importance of couples having a "financial facts sheet", and have found this old post (https://forums.moneysavingexpert.com/discussion/161938/financial-factsheet-brainstorm-help-required/p1) where he indicates his intention to create a template form to aid people in…
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Looking for best options to use for housing deposit or saving for rent/bond/furniture
Hi everyone, My partner and I are looking to open a joint account where we can save aggressively over the next six months. Our goal is to build a deposit for a house, but if we can’t get approved for a mortgage, we’ll need the savings to rent a place together instead. We’re aiming to move into a rented property by…
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Spreadsheet query
For a number of years I've been making and maintaining a yearly spreadsheet of all my financial affairs. It's always been a tax year, now I'm wondering if a calendar year is better though it won't tell me about the amount of interest etc. Are either the 'best' option?
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Direct Debit gym cancellation - adult son but my account
I have been paying gym membership by direct debit for my elder son who has now left for university. The gym company say that I cannot cancel the direct debit without him giving approval as he is over 18, even though I am the one actually paying. (The membership is flexible, i.e. it's not locked in for 12 months.) Does that…
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Chase bank, 1 trillion pounds error!
I looked through my old Chase bank standing orders and saw one that had expired a year ago. It correctly stated that I had made eight payments (£200 each) but rather worryingly it showed the total of those eight payments as being £1,016,563,893,934.56. I chatted online with Chase bank. They avoided mentioning the obvious…
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Lloyds new sort codes
I’ve noticed that when opening new bank accounts and savings accounts with Lloyds they no longer issue the 30 sort codes and all seem to be 77 is this a new thing?
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Current account to Current account on NYD
I know this is a very basic question, but at 8 am this morning, l transfer some cash from my Nationwide account to my Virgin account, and it still hasn't shown up. It's not a large amount, (£5.95) but I was wondering if it is because its a non working day?
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Santander Postal Statements
If I select Santander Statements to be posted can I still view and save them them in online banking as well?Can't seem to get a straight answer from Santander...
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Challenger Banks - do they disadvantage you?
Random question to settle a 'debate' - if you hold your main bank account with, say Starling or Monzo does that have a negative impact on how you are regarded credit wise? As opposed to if your main account os one of the high street banks? I can't see how it would other than most of them generally only offer a current…
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Santander £150 - Incorrect info on MSE site??
Hi So on the MSE site you can claim the £150 if you haven't received a switch bonus since September 2021. However if you click the link through from MSE to Santander, it states you won't get the bonus if you have ever received a incentive bonus, period. Any comments? Cheers Eric
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card reader v sms
I have been a Nationwide building society member most of my adult life, but living abroad I have found using online banking with browser much easier using their card reader. I did use sms for a while but it has failed due to outages due to phone services providers and sometimes I just did not get the sms. my opinion is…
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Bank Switch Bonus and (legal) bank bribe
i'm aware a couple of banks are currently offering "Switch Bonuses" i also noticed in this weeks MSE email the wording "(legal) bank bribes" in reference to the switch bonus Are both the bank and MSE referring to different things? If there referring to the same thing, why is MSE describing something as a "bribe" when its a…
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Switching current account
Just watched Martins programme about switching current account to get cashback (up to £180). My wife and I have been with Santander for over 30 years and feel a bit stupid for not having switched sooner but thinking about it now. Currently we have a Santander 123 joint account that our salaries get paid into and direct…
