📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

owed lloyds money paid back, any chance lloyds basic account ?

2

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Not a hope in hell.
    Every time you use an ATM from another bank; your bank is charged a fee. So assuming people with basic accounts take out lots of smaller amounts rather than a few large ones and the fact that they are a loss leader anyway it won't happen anytime soon.
  • jakemuk
    jakemuk Posts: 973 Forumite
    Well i guess only way i will tell is to go and ask them, I was honest with them and have paid them back every penny,Refused there full and finals, not to sure if that counts towards anything,

    The account is for people with bad credit after all, So i guess i will have to go in and risk the bullet lol
    Wannabe DFW NERD: Not fully fledged member yet !
    HSBC Bank Charges Reclaim In Progress Total: £1462.56
    HSBC CC Reclaim Total: £180.00 PAID IN FULL :D
  • jakemuk
    jakemuk Posts: 973 Forumite
    ShelfStacker wrote: »
    When you say you owed them money, do you mean as in you had a loan with them, or that you'd defaulted on debts or missed payments and such?

    unauth od which was my fault
    Wannabe DFW NERD: Not fully fledged member yet !
    HSBC Bank Charges Reclaim In Progress Total: £1462.56
    HSBC CC Reclaim Total: £180.00 PAID IN FULL :D
  • rb10
    rb10 Posts: 6,334 Forumite
    jonesMUFCforever wrote: »
    Not a hope in hell.
    Every time you use an ATM from another bank; your bank is charged a fee. So assuming people with basic accounts take out lots of smaller amounts rather than a few large ones and the fact that they are a loss leader anyway it won't happen anytime soon.

    Surely they might do it because they are falling behind all the competition. Their account stands out as being one which is harder to withdraw from. (Ok, you can use the Post Office, but only if you've got a spare fortnight to queue up in.)
  • book12
    book12 Posts: 2,557 Forumite
    rb10 wrote: »
    Surely they might do it because they are falling behind all the competition. Their account stands out as being one which is harder to withdraw from. (Ok, you can use the Post Office, but only if you've got a spare fortnight to queue up in.)

    I agree with you on this issue.
    jonesMUFCforever wrote: »
    Not a hope in hell.
    Every time you use an ATM from another bank; your bank is charged a fee. So assuming people with basic accounts take out lots of smaller amounts rather than a few large ones and the fact that they are a loss leader anyway it won't happen anytime soon.

    Yeah, forgot about the bank is charged a fee when a customer uses another banks ATM. No wonder then. I assume the Cash Account is still popular despite the card only being used at their machines only.

    Also, why is the Cash Account credit scored? If a person don't meet the credit score, or have no credit history, they will be declind then... Lots of basic bank accounts are not scored.
  • jakemuk
    jakemuk Posts: 973 Forumite
    book12 wrote: »
    I agree with you on this issue.



    Yeah, forgot about the bank is charged a fee when a customer uses another banks ATM. No wonder then. I assume the Cash Account is still popular despite the card only being used at their machines only.

    Also, why is the Cash Account credit scored? If a person don't meet the credit score, or have no credit history, they will be declind then... Lots of basic bank accounts are not scored.

    I thought it was a fraud i.e cifas and br check ? like any other basic account
    Wannabe DFW NERD: Not fully fledged member yet !
    HSBC Bank Charges Reclaim In Progress Total: £1462.56
    HSBC CC Reclaim Total: £180.00 PAID IN FULL :D
  • ShelfStacker_3
    ShelfStacker_3 Posts: 2,180 Forumite
    rb10 wrote: »
    Surely they might do it because they are falling behind all the competition. Their account stands out as being one which is harder to withdraw from. (Ok, you can use the Post Office, but only if you've got a spare fortnight to queue up in.)

    No bank particularly cares about its BBAs being "competitive". If they didn't have to sell them, they wouldn't.
  • book12
    book12 Posts: 2,557 Forumite
    jakemuk wrote: »
    I thought it was a fraud i.e cifas and br check ? like any other basic account

    Yes, you are correct.

    According to 'jonesMUFCforever', the Cash Account is credit scored. By the looks of it, only credit scoring is done on LTSB basic bank accounts only.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    book12 wrote: »
    Yes, you are correct.

    According to 'jonesMUFCforever', the Cash Account is credit scored. By the looks of it, only credit scoring is done on LTSB basic bank accounts only.
    Sorry not sure what you mean here.
    LTSB Cash accounts are the only basic accounts they offer now.
  • book12
    book12 Posts: 2,557 Forumite
    jonesMUFCforever wrote: »
    Sorry not sure what you mean here.
    LTSB Cash accounts are the only basic accounts they offer now.

    You said that the Cash Account is credit scored in your previous posts in this thread...
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture