please help

diane118

hi please help my daughter is on a DMP her husband wants to go on one as well he is with the TSB she says that if he cancels his direct debits with his credit card company that they will still take the money out of his account for them, he wants to get a new basic bank account and was thinking of getting the bank of scotlands one but he says they are in a group with the TSB so should he get one with them please thanks Diane

Pott5y

I would try and look elsewhere. I have heard that banks within the same group can sometimes be difficult and try to take payments on behalf of each other.

I am with Natwest and have a step account with them. Very good. Get a Visa Debit Card, Good Online Banking and can set up Direct Debits

podperson

I would suggest going somewhere that has no ties at all to TSB, just to be on the safe side. I have heard good things about Co-op basic account if you have one near you, and don't believe they are tied in with anyone else.

Hannah_10

Co-Op, to the best of my knowledge, aren't in a banking group with anyone. They also seem to be a fairly good one for we the indebted. I personally am with Halifax, who are definately in a group with Bank of Scotland (HBOS), so it would be a little surprising to find Lloyds-TSB in it too. I think perhaps your son in law might be thinking of Royal Bank of Scotland (RBS) because Bank of Scotland (BOS) aren't the same bank. Confusing eh.

When it comes to basic bank accounts they're all much of a muchness, getting any of them opened is a better idea than worrying that one over there has a bit better terms but is in the wrong group. As nuts as it sounds your bank can indeed steal from you if you also have a credit card with them, they call it setting off. There's an article about it here>> http://www.moneysavingexpert.com/banking/setting-off

d3mon4ngel

Lloyds TSB is part of Bank of Scotland / Halifax now I do believe.

I have a Co-op basic account and whenever I've had to speak to them they've always been really friendly and helpful, so I would recommend them.

Edit: Just re-read Hannah_10's post above, and I think I am confusing RBS and BOS too lol

Hannah_10

RBS and BOS are a total confusion zone aren't they!

If in doubt bypass the lot and look elsewhere.

Pott5y

Lloyds TSB are definately apart of the (H)BOS Group.

I am on a DMP with and Natwest is part of RBS (totally different). I also have big debts with Lloyds and I have had no problems.

There is a link on this site somewhere that informs of which banks are linked maybe someone can post the link.

Hannah_10

Pott5y wrote: »

Lloyds TSB are definately apart of the (H)BOS Group.

Do you mean "a part of" or do you mean "apart from"... Sorry to sound like a spelling pig, I don't mean to but I really don't want to get you wrong, it's a total minefield with banking groups.

Hannah_10

http://www.lloydsbankinggroup.com/media1/our_brands2.asp

Ok so in the same group then are...

• Lloyds
• TSB
• Halifax
• Bank of Scotland (BOS)
• Clerical Medical
• Scottish Widows
• Scottish Widows Investment Partnership
• Birmingham Midshires
• Black Horse Finance
• Cheltenham and Gloucester
• Clerical Medical
• Intelligent Finance
• Lex Autolease
• St Andrews Group
• St James's Place Bank

So if you owe the TSB then it's not safe to bank with any of the above. Including Halifax. Thanks loads to Pott5y for the correction!