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Budgeting & bank accounts

Discuss bank accounts, banking apps, budgeting hacks and how to organise your money.

Joint account with family
If I open joint savings accounts with my grown up children (all over 18) and deposit say £25000 in each one what are the tax implications when they withdraw money from the account. I'm trying to give them access to our money without worrying about IHT in case we don't survive 7 years.
Monzo App - Auto Logging out?
I've got the Monzo banking app installed on my phone as well as the Lloyds app. The Lloyds app will automatically log me out after a few minutes of inactivity, yet the Monzo app doesn't and I can't see anyway of doing so. It's been days now, and if someone accessed my phone, the app is constantly open with no passwords,…
RBS and NatWest issuing Visa Debit cards once again
It seems as though NatWest and RBS are issuing Visa Debit cards once again, possibly alongside MasterCard debit cards….
need to put a block on going overdrawn
hi i look after the finances for my brother, who is very bad with money, and basically when he gets paid he gives me his money, i pay all his bills, and give him whats left, in cash, but once a week (so split it into 4), so its easier for him to manage. the last time he has his bank card he ran up a £200 overdraft, and he…
Linking Paypal accounts for direct debit - does this work?
Hi, would like advice/confirmation from anyone who may have done this and whether it works.- I have 2 bank accounts that require me to have 2 direct debits for switching/bonus etc- I have a Paypal account set up with 1 monthly bill to be paid- I have linked this Paypal account/bill to Bank Account A alreadyQ1: Would it…
Accessing historic statements from Egg
I would like to access statements from my online egg online account for 2012-2014. I no longer have the account. Egg got wound into YBS. When I spoke to them in person, they said they did not hold any account data for now closed egg accounts. The information will be held somewhere and I would be grateful for any pointers…
RBS bank joint account name not recognised online
Just opened a new RBS account in joint names of wife and myself. The only way this can be done with RBS is to open account in my name (Smith C - fictional for this thread) and then add wife (Brown - using her own surname, not married name). Account is opened with name Smith C. We add wife and eventually RBS confirms change…
Whatever Happened To Offset Accounts?
I was reminded of these accounts today, where your mortgage was essentially a giant overdraft on your current account. I think Virgin was a big proponent of them early in 2000s. The idea was that you would pay less interest on your mortgage because you had all of your current account money bringing the overall total down.…
Third party mandate with bank
I just wondered if you had a view on this issue? I am 64, in good health and have Lasting Power of Attornies in place for health and finance. I have recently heard about Third party mandates which you can set up with banks and wonder whether its a sensible idea to have one in place so my daughter could always have…
Danske bank notes
Will post offices and/ or banks in England accept these ?
Bank problem maybe
I have an account with Barclays for over 30 years . In 2019 I sold my house, unfortunately the next property fell through and I became of no fixed abode. I lost my debit card in the meantime and needed a new one sent out. I told Barclays I was in between addresses and they told me they could send it to a care of C/O…
Transfer to UK Bank Account from US Share Registrar
I was hoping to get some guidance on the below. I am employed by a UK entity, however as part of my remuneration, I receive equity/stock/shares from the US parent company. As the stock is listed on the Nasdaq, the stock/shares are valued in USD. Currently, when I sell stock/shares, the share registrar (Shareworks) pays the…
Banks
I need to deposit cash in bank. All area branches do not exist any more. There is one main branch in town. I cannot get to town until the afternoon. It closes at 3pm!! How on earth can people bank any more. Yes I do have digital but that’s not the point. I often still need to do this. It makes me so angry 😡.
USD Bank Account in the UK
Hi, I work in the UK for a US based international company. My company offers shares (ESPP) for employees at a discount and I have registered to buy shares regularly every quarter. The fund to buy the shares will be deducted from my salary. One of my friends suggested that I consider opening a USD account in the UK to help…
VERY simple spreadsheet to track a single bank account.
Hi all My elderly mother in law wants to keep track of her bank account on her computer. Is there a spreadsheet that will be simple to use and just has money in and money out (with a description of what the income expenditure is out with a running total. It doesn't need to have any budgeting features but just a running…
Revolut Salary
Hi, Looking for some advice on the above. I am getting my salary paid into Revolut for the first time and I have got to say I am nervous. My salary is due on Friday. I have received my payslip from my employer. Should it be showing on my revolut statement as pending? Nothing is showing. Also it seems to indicate on the…
Looking for a UK app to track money
I’m hoping to find an app that will monitor direct debits, spending, income etc on more than one bank account and send out alerts if a purchase is going to mess up paying bills that are coming up, before more money goes in. I can’t seem to keep track of how much money I have compared to when bills are coming out. I’ve…
Tesco asks Goldman Sachs to find buyers for banking business
Bloomberg reports Tesco has started the process for the potential sale of Tesco Bank. They've appointed Goldman Sachs as an advisor to seek out buyers. No comment yet from Tesco nor GS.Tesco Bank sold its mortgage book to Lloyds in 2019 and shut down its current accounts in 2021. Its main offerings now are savings…
registering for santander online banking
I keep trying to register for online banking with Santander, I have a new mortgage with them, no bank account. they keep sending me emails saying I can register for online banking with just my mortgage number and mobile. when I enter in the details (mortgage account number) it keep asking me for a banking sort code despite…
Deposited cheques at post office gone missing
I deposited cheques at my local post office for paying into my bank account. The cheques have gone missing. I rang my bank, but they say that they have no record of the cheques. How do I contact the post office to start tracing the cheques? David

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MSE News

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.
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 Payments 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.
Which NatWest and RBS branches are closing from 2025? Here's the full list – and banking alternatives
NatWest and Royal Bank of Scotland (RBS), which are both part of the NatWest Group, will shut at least 108 of their bank branches in 2025 and beyond, after the Group announced a further 52 NatWest closures.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
Winter Fuel Payments will be reinstated to all pensioners in England and Wales this winter – but will be clawed back automatically from those earning over £35,000 a year, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up. MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis.
Car finance mis-selling update: regulator prepares for compensation scheme – and warns against using claims firms
Payouts for mis-sold car finance could be another step closer as the financial regulator has set out the factors it will consider if it were to introduce an industry-wide redress scheme – though we won't know more about how this will work until after a key Supreme Court decision expected in July. In the meantime, the regulator has warned that you DON'T need to sign up with a claims firm to be included.
Winter Fuel Payments to be extended to pensioners earning £35,000 or less – here's what we know so far
Winter Fuel Payments will be extended to all pensioners with incomes of £35,000 or less this winter, the Government has confirmed. It means nine million pensioners will get the £200 or £300 top-up.
Winter Fuel Payments extension confirmed for this winter – watch Martin Lewis' instant response and his message to the Chancellor
Winter Fuel Payments will be extended to more pensioners this winter – though not to everyone – the Chancellor has today confirmed. However, exact details of who will now qualify still remain scant. Watch MoneySavingExpert.com founder Martin Lewis give his instant response, as well as his key message for Rachel Reeves.
Nationwide Fairer Share: Free £100 bonus confirmed for 2025 – here's who will get it
If you bank with Nationwide, you could get a free £100 paid into your account in June or July as part of the building society's 'Fairer Share' scheme. The bonus will be paid to millions of its current account customers who also have savings or a mortgage with it.
Forced onto a prepay energy meter? You may be due money back as 10,000s to be compensated
If you had an energy prepayment meter forcibly installed or your smart meter was remotely switched to prepay mode without your permission, you could be entitled to compensation of up to £1,000 and may even be eligible to have your energy debts written off.

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Budgeting & bank accounts

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