help choosing a current acount

ross_fenion

Hi i have a habit of only stoping spending when the bank wont give me any more money. So im looking for a bank acount that i can transfere about 400 quid a month that way I will stop upseting my current, bank smile by being overdrawn.

does any one have any recomendations for a account i could do this with I would quit like one that texts me my balance as well

Thanks in advance

soolin

Hi there, not a reply to your post unfortunately but a note to say that your user name will have to be changed. To protect users there is a rule about not using email addresses as user names . If you require assistance to change your user name then there is a link at the top of this page where you can contact the webmaster and he should be able to help you.

BTW welcome to MSE!

Soo

Darryl

Ross

You could try a bank that offers an interest free overdraft buffer (like Cahoot's £100), for your main account. That will save running two accounts. cahoot also offer text message alerts that you can use to warn you at certain balance levels, or if large payments go out of your account.

I don't know about other banks that offer text message alerts. But I do know that Nationwide offer mobile phone banking via WAP which you can use to check your balance.

That said, the best way to solve your problem is to BUDGET. Check out Martin's guide to budgeting the MSE way...
http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1089226742,17582,

Hope this helps

Darryl.

grumbler

rossfen wrote:

Hi i have a habit of only stoping spending when the bank wont give me any more money...

Darryl wrote:

Ross

You could try a bank that offers an interest free overdraft buffer

Buffer will not stop from going into overdraft and even below free limit and agreed limit.

What you need is some basic bank account with Visa-electron or Solo card. In theory with these cards balance is checked before each transaction and you are not allowed to spend more than you have. Most of banks have such accounts.

Whats the Solo Card about? Do all banks offer it?
Which Bank has a switch or solo debit card ?
solo / electron card?
Electron Card Information & Discussion: (Merged Threads)
.....

chiny

ross_fenion wrote:

So im looking for a bank acount that i can transfere about 400 quid a month that way I will stop upseting my current, bank smile by being overdrawn. does any one have any recomendations for a account i could do this with I would quit like one that texts me my balance as well

ISTR that the Abbey have a "sweep" facility which would do what you require.

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Chiny