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Cashplus Prepaid Account -- recommended?

My son wants to open an account with this card:
http://www.mycashplus.co.uk/cashplus-card-uses/bank-account.aspx
is it recommended? He's a student and has had problems with going overdrawn and getting charges that make him go even more into minus.
He thinks this might be the answer. Is it?

Comments

  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    yes or a basic bank account where get cant go od
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • arunadasi
    arunadasi Posts: 1,241 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks. He already has a basic but still went OD! (with the co-op bank)
  • Dabooka
    Dabooka Posts: 839 Forumite
    Well this thread seems to show problems accessing it, otherwiese I can't comment. He certainly needs some kind of help if he's going overdrawn on a Co-Op cash minder account.
  • The problem with the Co-Op is it does not show the balance in real-time with it's Cashminder account.

    Only suggestion is maybe move the account to NatWest where it does update in real time and you can see after making a transaction how much really is left or keeping a running total and deduct this each time.

    https://www.natwest.com/step
    David :)
    £1 of debt is too much for me!
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