Co-op Cashminder Account comes with VISA debit card from June onwards

book12

Not sure if you guys read the 'Budgeting and Bank Accounts' subforum. Anyway, from June onwards, the Electron debit card is phased out and replaced with a VISA debit card.

More details about Co-op Cashminder Account with VISA debit instead of Electron. http://forums.moneysavingexpert.com/showthread.html?t=1668331

The card will work like the Barclays Cash Card Account VISA Connect debit card.

Natwest/RBS is also changing their debit system from Maestro/Solo to VISA debit too. http://forums.moneysavingexpert.com/showthread.html?t=1650763

beentheredonethatstilhere

Thanks for that Book, much appreciated.

So_Sad_Angel

book12 wrote: »

Not sure if you guys read the 'Budgeting and Bank Accounts' subforum. Anyway, from June onwards, the Electron debit card is phased out and replaced with a VISA debit card.

More details about Co-op Cashminder Account with VISA debit instead of Electron. http://forums.moneysavingexpert.com/showthread.html?t=1668331

The card will work like the Barclays Cash Card Account VISA Connect debit card.

Natwest/RBS is also changing their debit system from Maestro/Solo to VISA debit too. http://forums.moneysavingexpert.com/showthread.html?t=1650763

Hi Book12

At last....thats good news & thanks for the link Hun.

Its ridiculous that when there is money in the Co-op account ( as most BR people have to be ultra careful & no odraft etc) that acceptance of visa electron is so hit & miss.

This will make life easier .

Angiexx

restofmylife

More info on thread

Quote
Ok, We have an update!!

Let me begin with the question thats on everyones lips.... "Are the Cooperative Bank switching to Visa Debit on the Cashiminder Account?"

The answer is 100% YES!!!!

The Cooperative Bank will stop issuing Visa Electron cards from 8 June 2009

From this date the bank will issue 2 types of Visa Debit cards, 1 with a cheque guarantee facility and one without which will be the customers using the Cashminder account.

Existing customers will be issued with a new Visa Debit card when there existing Visa Electron card expires although there is probably away to get your new Visa Debit card quicker by calling the Cooperative Bank and explaining that your card is lost, stolen or broken.... Its a bit sneaky

Hope this is of help to everyone and should anyone want to double check this with the Cooperative Bank the information is located on the Cooperative Bank's internal internet as i was told by the person i was speaking to on the phone.
Unquote

There will be a lot of cards broken on 9th June me thinks:)

book12

If Barclays decline some bankrupt people, just go to Co-op. It has guarenteed online banking, unlike Barclays which ban you from having it for a certain amount of time according to some threads on here.

Customers don't know about the change, especially if they don't go on this forum. However, I'm sure there would be some letter/leaflet going out to customer anyway, but they will know at a later date.

Halifax Easycash is the only bank account that offers Electron. Go for that account if you want Ryanair flights.

beentheredonethatstilhere

If you are bankrupt you can't have a Halifax account, they hate bankrupts with a passion.

RICK..._2

are you sure about that? i know a bankrupt and they managed to get a halifax account with no problems.

beentheredonethatstilhere

Rick, it depends when they went bankrupt. Halifax now trawel the IS and freeze any accounts that belong to their customers who have gone bankrupt. They have even been known to freeze childrens accounts because the bankrupt is a trustee on the account.

The only 2 banks that are really bankrupt friendly are Co-op with thier Cashminder account and Barclays with their Cas account.

fermi

RICK... wrote: »

are you sure about that? i know a bankrupt and they managed to get a halifax account with no problems.

There is always an exception that proves the rule, but Halifax will normally turn you down flat.

sammahootexpress

i just rang co op and they said they dont know of anychange to the card, and are trying to promote it still to everyone

Holes_in_my_pocket

I openned my account about a month ago my card says visa electron