savings account with DD access and no credit check

louisa29

is there such an account out there?

Also would like a good interest rate (wouldnt we all) and no limited amount needed to put in or take out per month

i tried for the ING one but i have no cheque book myself

jack2meg

I did the same and there's no way they let you open it without a cheque book. They're phoning me back shortly to close the account. Bleeerr!!!

martinman3

There would always be a credit check before opening an account which provided credit/overdraft facilities such as a current account.

However, Yorkshire BS have the Cash Transactor Card account which allows Direct Debits and Standing Orders and it is has no overdraft facilities as it is a savings account.
http://www.ybs.co.uk/savings/easy_access/transactor/index.html
As you might expect the interest rate is bad but as you can access it via the internet you could also open an Internet Saver with a higher interest rate and move money between the two instantly.
http://www.ybs.co.uk/savings/online/internetsaver/index.html

Also Nationwide have the Cash Card account.
http://www.nationwide.co.uk/current_account/cash_card_account.htm

These organisations may do a credit check anyway so ring them and ask to be sure.

dougz_2

martinman3 wrote: »

you could also open an Internet Saver with a higher interest rate and move money between the two instantly.

Are you sure its instant? I thought it took overnight?

martinman3

dougz wrote: »

Are you sure its instant? I thought it took overnight?

Really ?
I have never needed to transfer between YBS accounts online, I assumed that it was like all the others I have used.

withnell

Most don't do a credit check, just an Identity check with a CRA

withnell

Most don't do a credit check, just an Identity check with a CRA - you're opening a savings account, not a credit line