Best basic bank account?

special_kala

I am in the process of setting up a DMP with payplan and they have suggested we get a new basic bank account as we owe money to our bank.

I have no idea where to start or what to look for in a bank account so any help would really be appreciated

united66

special_kala wrote: »

I am in the process of setting up a DMP with payplan and they have suggested we get a new basic bank account as we owe money to our bank.

I have no idea where to start or what to look for in a bank account so any help would really be appreciated

Hi special_kala.

This thread needs to be moved to the Bank Accounts section.

In reply to your question, I would (and probably most others) recommend the Barclays Cash Card account or the Co-op Cashminder they seem to be the most lenient with regards to your credit profile.
I on the other hand bank with Halifax with the easycash account and haven't really had any problems with them as I can do most at the Post Office now.

Do you need a branch for any transactions? Or will you need online functionality (most offer this anyway).

bottleofred

Hi Special_Kala,

I've never had an account with them, but many mse users mention the Co-Op cashminder as a good choice.

special_kala

Oh i didnt realise. Can i move it or does a admin need to?

I think online would be ok for us. With basic account can you have a cash card?

united66

special_kala wrote: »

Oh i didnt realise. Can i move it or does a admin need to?

I think online would be ok for us. With basic account can you have a cash card?

An admin will need to move it - one should notice soon enough.
You will get a Visa Electron/Cash Card with either the Barclays/co-op or Halifax accounts to withdraw your money etc.

blondeyk89

I have a barclays one they seem pretty good so far

asp746

i've got one with alliance & leicester - i know they've changed to santander now but i've never had any problems. you can also use it in the post office which has been a bonus.

good luck !!

davek1

I use the Co-Op basic account and the Nat west step account. Both now provide full visa debit cards rather than visa electron, which are more widely accepted than visa electron, although will cost if you try to use themn for booking certain flights etc.

Have had no problems with either account whatsoever and would recommend both.

Dave

Chrisblue1962

davek1 wrote: »

I use the Co-Op basic account and the Nat west step account. Both now provide full visa debit cards rather than visa electron, which are more widely accepted than visa electron, although will cost if you try to use themn for booking certain flights etc.

Have had no problems with either account whatsoever and would recommend both.

Dave

Hate to point this out but Debit card provided with the Co-operative Bank Cashminder (Basic) account is NOT a full VISA card it's still an Electron Card...even though the Co-operative Bank advertise it as one! :mad: .

billinghamfan

I have a barclays one and you get a visa debit card which is great as a few places online don't accept electron cards ie tescos.

Mort

Here's an MSE article on basic accounts http://www.moneysavingexpert.com/banking/basic-bank-accounts?utm_source=forum&utm_medium=clicks&utm_campaign=resourcebar

and here's an article on why you should open one with a bank you don’t owe money to
http://www.moneysavingexpert.com/banking/setting-off

When setting up an account if you are offered an overdraft turn it down.