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Intelligent Finance.

Does anyone know if Intelligent Finance do current accounts? I have been browsing the savings accounts on the website but couldn't find any links for current accounts. :)

Comments

  • jambosans
    jambosans Posts: 1,493 Forumite
    edited 2 April 2010 at 3:46AM
    benoit wrote: »
    Does anyone know if Intelligent Finance do current accounts? I have been browsing the savings accounts on the website but couldn't find any links for current accounts. :)

    No. They used to, but withdrew their current account, and mortgage offering last year. IF is one of the proposed divestments Lloyds Banking Group is planning to make, in order to please the EU.
    Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.
  • mrchagle
    mrchagle Posts: 586 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    jambosans wrote: »
    No. They used to, but withdraw its current account, and mortgage offering last year. IF is one of the proposed divestments Lloyds Banking Group is planning to make, in order to please the EU.

    I've got a current account with them - but not sure if the do them now. Had one for years....
    If I've help in anyway, please remember to thank me :-)
  • 7sefton
    7sefton Posts: 646 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    IF stopped offering current accounts a while back, possibly when HBOS was taken over by Lloyds Banking Group. The IF brand is now very simplified with only savings accounts offered, i.e. it is being fattened up for when it is sold to a new business.
  • benoit
    benoit Posts: 327 Forumite
    Ok thanks everyone. I discovered IF too late then. lol I only just discovered Cahoot was up the swanny too with current accounts.
  • mrchagle
    mrchagle Posts: 586 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I've got a current account with both - But had them for years. Everyone's right, looking at the home pages they don't appear to be doing current accounts anymore.

    I wonder if us current account customer will be receiving an email telling us they have changed direction and closing current accounts?
    If I've help in anyway, please remember to thank me :-)
  • jambosans
    jambosans Posts: 1,493 Forumite
    mrchagle wrote: »
    I wonder if us current account customer will be receiving an email telling us they have changed direction and closing current accounts?

    They stopped offering current accounts in July 2009. I doubt you will see any change until the business is sold off. See below:-
    http://www.if.com/myifdotcom/changestointelligentfinance.aspx
    Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.
  • mrchagle
    mrchagle Posts: 586 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    jambosans wrote: »
    They stopped offering current accounts in July 2009. I doubt you will see any change until the business is sold off. See below:-
    http://www.if.com/myifdotcom/changestointelligentfinance.aspx

    I've been migrating away from IF anyway - Opened a Nationwide Flex account with the £75 switch bonus. Plus with Nationwide I have a few eSavers accounts just like I did with IF. The beauty of having a bank on the high street is I can pop in. Plus it makes life easier with Faster Payments which IF don't suppose either way (in or out)

    I have to say, I have never had any issues with IF and very friendly customer service too.
    If I've help in anyway, please remember to thank me :-)
  • jambosans
    jambosans Posts: 1,493 Forumite
    mrchagle wrote: »
    I have to say, I have never had any issues with IF and very friendly customer service too.

    It's a good brand, not associated with high street banking, so with a bit of investment from a new owner, could be the first real alternative to First Direct. Right now IF, along with Smile and Cahoot lack some of the key features (Faster Payments being the main issue) that would make me buy into the whole internet only bank concept.
    Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.
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