natwest step account-current plus?

lee-d

hi,ive been in to the natwest bank today and after insisting on wanting the step account bcos of past problems the lady kept on telling me that i want the current plus account,bcos she was going to do a credit check anyway,after insisting that i only want a step account ive still ended up getting a current plus,but she promised me it still comes with the debit card,so why did she say get this one whats the difference,thanks

Tixy

With a step account you cannot go overdrawn.
With the current plus account I think you can go overdrawn and then will then charge you hefty fees.
A current plus account can have an overdraft.

I think she has misled you regarding the credit check. With a step account they should only be doing an identity check, with the current plus I think they would do a full credit check.

HappyMJ

Tixy wrote: »

With a step account you cannot go overdrawn.
.

You would think so and all the marketing says that but I have managed to unwittingly take my Step account overdrawn. Why did I do that? They charged me a £1.25 processing fee on internet transactions which I did not take into account. Luckily it was less than £15 so I wasn't charged.

lee-d

well she insisted about ten times she had to do a full check for the step account,she said they do the same check for all accounts and depending on what comes back depends on what you can have,
so basicly its a step account that can go into the red zone oh great thats all i needed anyway i wanted to be able to learn to be good with my money so as long as i only spend what i have in the bank no biggy,

would this type of account look better on my credit file,is there any good reason to have this over the step account?

HappyMJ

Matt_lending wrote: »

in reality it is not a huge fee unless you are making large numbers of transactions every month

It's a huge fee when one of the purchases was only for £1.00 on mycitydeal.... Abbey/Santander did not charge and the Halifax did not charge it was only Natwest that charged that fee and refused to refund it so I'll never again use that account for internet purchases.

lee-d

what ?,will i pay fees on some items i buy with the card even if my account is well in credit?

Tixy

Beware on new members posting sentances which make little sense and who seem to be advertising on their profile page

Lee - there should be no fees on the account providing you stay in credit. Why did you want a basic account in the first place - is it just that you think it will be easier to manage your money or are you in a DMP or similar? If its just to keep better track of things and providing you are always aware of what your balance is then I don't suppose the account you have been given is much different to the step account, providing you don't use the cheque book etc (although I'd be annoyed in principal if I wanted a basic account and they'd hassled me in to a different account).

lee-d

thanks again for the help,and yes my only reason for a basic account was bcos it would do all i want and realy i just want a debit card,and as im only a few months of having a clean credit sheet ,also its a account that i would get as opose to getting turned down and that being stamped on my credit file

DarkConvict

Another reason why they want you to have other accounts is that they (the bank clerk) gets more commission for opening accounts considered to be of higher value.