Help - Looking for a Current Account

haribol_2

Hi MSE's

I am looking for a current account that does not require you to put in regular funds into it monthly. I am with Satander presently and they have charged me £5 fee for not putting in the minimum monthly sum.

I am currently out of work but always have my account in credit. It's my key account for paying all my bills

Any suggestions appreciated. I am not fussed about interest rate but good customer service would be good.

Many Thanks
Haribol

Sceptic001

Have you asked Santander if you can convert from the "Premier" interest-paying account (which charges £5 pm if you pay in less than £500 pm) to their bog-standard current account, which pays no interest but has no "underfunding" fee?

alanq

haribol wrote: »

I am not fussed about interest rate but good customer service would be good.

Sceptic001 wrote: »

Have you asked Santander if you can convert ...

The above seems to rule out this suggestion.

First Direct tops customer satisfaction surveys.
"Banking with first direct usually costs £10 a month, but it's free when you pay in at least £1,500 to your 1st Account each month, or maintain an average monthly 1st Account balance of £1,500, or hold a selected first direct additional product."

Cooperative Bank also rates high in surveys and its Standard Current Account requires no minimum monthly funding.

rb10

Halifax - you may be able to get £50 or £100 by applying in branch (or possibly online? not sure if that offer's still on), and also once you are working again you'll get £5 per month. But while there's little/no money going in, they won't charge you anything for that.

Sceptic001

alanq wrote: »

The above seems to rule out this suggestion.

True, but OP may have problems opening a current account with a new provider if currently without a job...

haribol_2

Thanks for the advice.

I have been into my Satander branch this afternoon and enquired why they had charged me the £5. I had on average put in over £500 for the last 6 months as per terms of account.

I was informed that Satander's calender month, with there new system was different to Alliance & Leicester and in August I had not put enough in on time.

The calender month for Satander is 22nd of a month to the 21st of the following month.

As they had not informed me, they were going to refund me the charge.

Happy of the outcome but still will look into alternatives as suggested by other MSE's above.

Thank you for your help.

Haribol