Is there any real disadvantage of a basic account?

Fedz

I have an Halifax UR & my mate has an Halifax EasyCash:

Halifax Ultimate Reward Current account failed DD charges is (AFAIK) £30+/-
Halifax EasyCash Basic Current Account failed DD charges is £15
(profiteering on failed DDs????)

Go figure & I pay (paid) a monthly premium for the Halifax Ultimate Reward account.

I've recently paid off the Halifax OD & moved to Nationwide CashCard+ & so has my mate plus I'll be closing my Halifax UR account next week saving me a monthly fortune :beer:

rb10

Fedz wrote: »

I have an Halifax UR & my mate has an Halifax EasyCash:

Halifax Ultimate Reward Current account failed DD charges is (AFAIK) £30+/-
Halifax EasyCash Basic Current Account failed DD charges is £15
(profiteering on failed DDs????)

Go figure & I pay (paid) a monthly premium for the Halifax Ultimate Reward account.

I've recently paid off the Halifax OD & moved to Nationwide CashCard+ & so has my mate plus I'll be closing my Halifax UR account next week saving me a monthly fortune :beer:

This is incorrect.

On your Halifax Ultimate Reward account the unpaid item fee is £0.00.

I think that the main advantage of 'normal' accounts over basic ones is that normal accounts pay interest; all basic accounts (if not most?) do not.

COIAHLGW

Do any basic accounts offer the full offline debit card? (ie the ones that work at pay at pump, on trains) etc

Or is it not possible due to the non-overdraft nature of these accounts?

gt94sss2

slugger09 wrote: »

So applied for a First Direct account got turned down, Applied for Ulster Bank and they offered me a Basic account.

First Direct are much stricter than other banks about opening accounts - so you shouldn't assume HSBC/Barclays/Lloyds etc won't offer you a full current account on that basis.

Are you on the electoral roll?

Regards
Sunil

slugger09

gt94sss2 wrote: »

First Direct are much stricter than other banks about opening accounts - so you shouldn't assume HSBC/Barclays/Lloyds etc won't offer you a full current account on that basis.

Are you on the electoral roll?

Regards
Sunil

I need to get that looked into, On my credit file it says I am not on the electoral role but yet I get polling cards through the post when an election is on

Fedz

rb10 wrote: »

This is incorrect.

On your Halifax Ultimate Reward account the unpaid item fee is £0.00.

I think that the main advantage of 'normal' accounts over basic ones is that normal accounts pay interest; all basic accounts (if not most?) do not.

Cheers for setting that straight. I'm going back awhile now but I understand Halifax have changed the T&C awhile ago as the zero fee didn't apply when it happened to me!