Basic bank account feedback thread

212

Roland_Flagg wrote: »

Can anyone recommend a basic bank account that has
a debit card and will allow deposits into online gambling sites
without transactions being blocked (as long as you are in credit of course).

Thanks.

Sorry bit old, but Co-Op Cashminder and Halifax Easycash will both allow gambling transactions

dontlikemondays

Can anyone suggest a basic bank account that gives a debit card, but not a current account as such?

bendipa

Carol_Hill wrote: »

As a new customer I struggled to open my account - applied several times & ended up with 2 accounts. It depended who I got on the phone as to what they required. As I live in Cornwall there is no branch of the Co-op bank here and the initial opening had to be over the phone or in writing .... again depending who you get on the end of the phone! Paying into my account :(I have been using Britannia Building Society as they advertise they are also 'Co-op Bank' - not so. To pay in cash you use your card only - to pay in cheques you need your paying in book & never mix this up as they will not tolerate cash & paying in book or cheque and debit card!! .

Not true. I paid in 2 cheques only last week at a Britannia branch. They use a giro credit transfer form as do other clearing banks if you don't have your own pay-in slip which I didn't at the time. All they need is your sort code and account number and your debit card for proof of id You do not need your pay-in book. If you do have one then you do not need your debit card as your name and account details are already printed on the slips.

df03

I went through the list and had a look at a couple, applied for the halifax one, not expecting to get it as I always thought Halifax was a hard bank to get into, anyway yesterday I got details for setting up my internet banking, so I assume I have the account, still waiting for info, but have been able to access the account online with no probs,
so anyone struggling give it a go, its worth a try-easily sorted online too, and if they gave it to me they should give it to anyone :undecided

now I just need to find somewhere that will accept me to open an account for my child, co-op turned me down for the childs account even though I bank with them, wouldnt have thought my credit score would go against me for a childs account-its not like a little one would be needing or even wanting credit, just simply saving. she has several hundred pounds savings, money given to her for xmas, birthdays etc and I desperately want too get it into a bank account but cant

innovate

Since you are with Halifax now, try them for your kid's savings. They got some of the best interest payers in the industry

Junior cash ISA: http://www.halifax.co.uk/savings/accounts/branch-accounts/#juniorcashisa. You will need to have a cash ISA with them to get access to this one. Just open one with £1, and if you can, add more, otherwise leave it at that

Kids regular saver: http://www.halifax.co.uk/savings/accounts/branch-accounts/#kidsregularsaver

There is also a Stocks and Shares Junior ISA - this might be relevant if your daughter is still very young (needs 7-10 years investment horizon)

Savings accounts don't require full credit search but to open and manage these accounts you have to go into Branch. Resist any sales efforts from Halifax - - sort out what you want before you go and see them, and then only entertain discussions about these accounts.

Ask on the savings and investment board if you are unsure

BugsyBrowne

df03 wrote: »

I went through the list and had a look at a couple, applied for the halifax one, not expecting to get it as I always thought Halifax was a hard bank to get into, anyway yesterday I got details for setting up my internet banking, so I assume I have the account, still waiting for info, but have been able to access the account online with no probs,
so anyone struggling give it a go, its worth a try-easily sorted online too, and if they gave it to me they should give it to anyone :undecided

now I just need to find somewhere that will accept me to open an account for my child, co-op turned me down for the childs account even though I bank with them, wouldnt have thought my credit score would go against me for a childs account-its not like a little one would be needing or even wanting credit, just simply saving. she has several hundred pounds savings, money given to her for xmas, birthdays etc and I desperately want too get it into a bank account but cant

Thought kids like presents at Xmas & Birthdays not cash being stuck into their bank accounts!!

innovate

BugsyBrowne wrote: »

Thought kids like presents at Xmas & Birthdays not cash being stuck into their bank accounts!!

A small pressie now and then, and the occasional treat, is what every kid needs. One of the biggest presents a parent can give their kids, though, is to teach them about the importance of prudent money management and saving!

df03

BugsyBrowne wrote: »

Thought kids like presents at Xmas & Birthdays not cash being stuck into their bank accounts!!

believe me this child has more than enough toys,
so when people give her money for xmas and birthdays there is no point spending it on yet more toys, plus by getting her into saving from a young age hopefully she wont have the money problems I did while at university

pmduk

innovate wrote: »

Resist any sales efforts from Halifax - - sort out what you want before you go and see them, and then only entertain discussions about these accounts.

That's excellent advice which applies to whichever bank/building society you go to. I'd go further and say ask for the product by it's exact name, saves the advisor getting "confused" and selling you a product that is better for them, not you.

BugsyBrowne

innovate wrote: »

A small pressie now and then, and the occasional treat, is what every kid needs. One of the biggest presents a parent can give their kids, though, is to teach them about the importance of prudent money management and saving!

Disagree I'm afraid kids will learn through life how to deal with money and the parents sticking cash in a bank IMHO is not really teaching the kids how to be prudent with money.