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Budgeting & bank accounts

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

TSB Switch - What constitutes an active Direct debit?
Hi guys, Great forum and very helpful members. Just curious as to what constitutes an Active direct debit regarding the TSB Switch? I have already switched and set up two new direct debits for c.card payments but no payments have gone out as of yet. Not sure they will pay the money on this bases, perhaps. They show under…
No selfie (sorted)
Asking on behalf of someone else. What's the easiest account to open without the need of a selfie? Used TSB as no selfie needed.
Best bank for those on benefits.
Apologies if this has been covered. I want to leave Nationwide (reasons). Does anyone in receipt of PIP or ESA have recommendations of a bank account I can swap to? Not too worried about a payment for switching.
TSB App on Android phone shuts down when I try to photograph a cheque!
Having entered all information required, try to take photo of cheque, but TSB App shuts down? I've deleted and reinstalled app several times. I've even downloaded and installed old versions of TSB App and the same thing occurs. Android version 12 TSB App 8.0.4
Need to wait for debit card before switching?
I'm new to this whole "switch hacking" so have a simple question. I just opened a second current account with Nationwide to use as a donor to switch to NatWest. The new account has appeared in my Nationwide app so can I now go ahead with switching to NatWest, or do I need to wait for the debit card to arrive and maybe…
Mortgage broker error - changing product for lower rate
Hi, i just wanted some advise i went through a broker to get a first time buyer mortgage. I had it accepted and was fine but as the rates were lowering i changed the product with the same lender a few times. The last change the application wasnt submitted correctly. The broker company made it was the lender at fault but…
Savings sub accounts/categories
Are there any savings accounts which allow you to categorise savings? For example where I can create sub categories like holiday, car etc. I've had a search on Google but nothing stands out. I know I can set up a spreadsheet but not keen on that approach.
Budgeting Help for Beginners: Any Tips?
Hey folks, I'm just starting out on my budgeting journey and feeling a bit overwhelmed, could anyone share some beginner friendly advice or recommend easy to use tools to help me set up a budget and actually stick to it, thanks advance.
TSB debit card rewards
I have a number of legacy classic plus accounts that I can convert to Spend and Save. Thus allowing me to use debit card for the £5 reward. Can I convert multiple accounts and collect multiple rewards. Alternately do I have to space the conversions every 6 months so that only one debit card reward is payable. I am…
Need a new Bank ....Santander debanked me.
I need to open a new Bank account preferably in UK. I retired 2 years ago and came to Thailand. I have no family and no friends in the UK also I dont have any property so it made sense to move abroad, now I have many friends and my own condo. I have savings in UK , <200k. I now have to move the money to a new account…
When will there be switch bonuses?
Hi, I can't find any switch bonuses at the moment. I know at certain times of the year the switch bonuses all disappear. Is this one of those times? When can I expect switch bonuses to be made available again? I am very eager to leave Nationwide as the card reader crap is driving me up the wall and means I am not paying…
Elderly mother hoarding cash
Hi. Any advice as have discovered my 80 yr old mother has 25k in cash in her home which she has been saving for many years to pay off her mortgage. She has always hoarded money and has always refusesd to listen to advice. I have now discovered Santander have issued court proceedings to repossess house if she doesn’t pay as…
Opened a 2nd Nationwide Current Account, need to register it for internet banking?
Just opened another current account (Flexaccount) with Nationwide to use as a donor for the NatWest £200 switch offer. It's the first time I've opened another current account with the same bank. Do I need to register that specific account for internet banking, or should it automatically appear next to my original account…
Barclays Blue Rewards and Avios Rewards
Now that I’ve discovered it’s possible to have more than one Barclays current account, does anyone know if it’s possible to have both Blue Rewards and Avios Rewards on separate sole current accounts under the same name? Can’t see anything on the website or in the T&Cs that refers to it. I already have Avios Rewards on one…
HSBC Global Money Bonus
Hi all, I have recently gone through the switching / account opening process to get the £125 current account and hopefully the £80 global money account bonuses. I am wanting to use the current account to switch over to Natwest for their switch bonus, does anyone know if the current account needs to remain open for the…
Power of Attorney
My sister and I have power of attorney for our adopted gran who lives in Preston (we live in London). She has given us her bank and card details so that we can do her shopping as and when she needs groceries. As with all banks now, when I go to check out, it asks for verification (via text message / the app) but she…
Nationwide Fairer Payment Scheme - Interest
I qualified for this payment recently. My Statement of Fees from Nationwide stated Total Interest Earned £100.00 . The Nationwide reported this figure to HMRC, my question is : Should this be declared as Interest as it wasn't earned on any 'Investment account as such ?
Executors Accounts
Hi all, My mum passed away late last year, and we are getting to the point where we will be ready to put her house on the market. I am the executor of the will and will be dealing with the sale of the house. I have been advised that I would more than likely need an executors account for the house funds once the sale is…
HMRC ON BANK ACCOUNTS.
My bank has added a new person to pay account. . Clicking on it gives me the sort codes for different departments of HMRC to pay money to. Has any one found this on their bank accounts. I think it may be something to do with DWP who might be looking at bank accounts. I don't claim any means tested benefits, so it is a…
Nationwide Flex Saver Interest Decrease
The 8% savings account (£200 max pay in per month), is now only 6.50% for new customers. Has any existing customer had notification of a rate decrease? Hope not!

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
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.

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Budgeting & bank accounts

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