Reliance Bank

kev1980_2

Does anyone have any experience of Reliance Bank?

http://www.reliancebankltd.com/rbl/www_rbl.nsf/vw-text-dynamic-arrays/73166F63B8C47C7F80257386006118B6?openDocument

kev1980_2

lol... Anyone?

Extant

It's owned by The Salvation Army. I've never heard of anyone with their own current account through them, though. I don't think they even have online.

oldwiring

They do have personal currant accounts, if the site is to be believed. http://www.reliancebankltd.com/

kev1980_2

They issue a full visa debit card with there account, i was wondering what their credit checking process is like??

Might be an option fo those wanting a full visa debit card and where the Barclays cash card account is not an option due to IVA etc ...

cifpower

https://ibank.reliancebankltd.com/i.web/

and they do have online banking

kev1980_2

I just stumbled across Reliance Bank whilst doing a Google search, i've never heard of them before and the only branch is in London but the offer of the Visa debit card is tempting as i was turned down for the Barclays Cash Card Account for some reason???

The terms and conditions state something about sending £25 either by cheque or CASH!!!!!! through the post to open the account!!

Kavanne

Says that alongside being able to withdraw £250 cash per day you can only spend £500 per day on card transactions?! How inconvenient!!

kev1980_2

Kavanne wrote: »

Says that alongside being able to withdraw £250 cash per day you can only spend £500 per day on card transactions?! How inconvenient!!

True!

I'm sure i read within the terms and conditions that if you call them they will give you authorisation to spend more than £500.00 if you need to.

Extant

kev1980 wrote: »

They issue a full visa debit card with there account, i was wondering what their credit checking process is like??

Might be an option fo those wanting a full visa debit card and where the Barclays cash card account is not an option due to IVA etc ...

Why wouldn't it be an option for people with an IVA?

And credit scoring is likely to be just the same as, if not stricter than the high street banks - they're going to be more susceptible to losses, after all.

kev1980_2

BarclaysManager wrote: »

Why wouldn't it be an option for people with an IVA?

And credit scoring is likely to be just the same as, if not stricter than the high street banks - they're going to be more susceptible to losses, after all.

I was thinking that the Barclays Cash Card account may not be suitable to those with a trust deed/iva where Barclays is one of their creditors.

This is exactly what happend to me, I tried to open a Barclays Cash Card account and was turned down because Barclaycard is one of my creditors.. This is why is suspecct i was declined the account??

BarclaysManager do you agree??