Lloyds TSB basic bank account

doingitall

Due to shockingly bad credit rating i have a basic bank account with TSB. My debts are now slowly being paid off and manage my money well with a small emergency fund in an ISA.

Anyway my only gripe with the tsb one is that you can only use tsb cash machines.I didn't know this though when i applied for it. I have had this account for over 2 years and have managed it well. Do Lloyds upgrade these accounts to current accounts if you ask? I wouldn't want an overdraft, cheque book or credit card etc ever again, but would like to be able to access my own cash more easily. If turned down is that a negative left on my already fragile credit score?

Anyone has any idea/experience of this? Thanks

NorthernStudent

Not sure about Lloyds, but with the basic cash card account at Barclays, you can either have an ATM card or a visa debit. My advice would be to go into Lloyds and ask if they can upgrade your card to a visa debit (or equivalent), rather than upgrading your account as this will leave a mark on your credit file. HTH xx

jillie1974

my husband has one of these. they are a visa debit card but its ridiculous that they can only be used in a lloyds cash machine.

barbiedoll

They may well upgrade you to a current account but I think that most do offer overdraft facilities, something which you obviously do not want.

There are plenty of other basic accounts out there, I have one with NatWest, the visa card can be used in all cash machines. The Co-op basic account also appears to be highly recommended on here. If TSB doesn't suit you, then change your account.

NotMyName

I had a cash account (what you've described) and a classic account (without an o/d etc, but I wanted a cheque book for sending token payments - accounts opened at start of DMP). But following a relationship breakup I got custody of the cash account

But from what I understand, the fact of having a cash account at Lloyds means you won't get a classic, as you're effectively classed as poor credit.

When I had both, someone from Lloyds advised me to close the cash account and after a while get another classic account if I wanted 2 of them.

HTH

janeawej

My OH has one of these accounts, despite 5 years of 'good behaviour' they are always unwilling to change it to a normal account and say come back in 6 months time! (he has tried 4 times!) However he can get money out at any post office using it so you should be able to use yours at a post office too, hope this helps