Basic Bank Account Thread

glynisrose

My experience of a basic bank account was one where they let me open the account then after told me I could NOT have any direct debits from the account!! Thanks HSBC

pmduk

When was this? The basic account offered by HSBC nowadays allows direct debits now I believe.

Yorkie1

JB64 posts reported for spam - promoting the same website in all bar one.

tezzasmif

Bit dismayed to read here that credit checks are done on basic accounts when Ive read so much up to date stuff elsewhere saying they aren't. I was thinking the point of these accounts are that they are for people with rubbish credit history, seems to defeat the object. Anyway I went into a Barclays branch to ask about their cash card account. I have an appointment and they asked me why I wanted the account and to bring details of my outgoings, is it usual to be asked for outgoings on a basic bank account application does anyone know?
And if credit checks are dne how "good" a credit rating are they expecting me to have? Thanks

sandy_smith_2

tezzasmif wrote: »

Bit dismayed to read here that credit checks are done on basic accounts when Ive read so much up to date stuff elsewhere saying they aren't. I was thinking the point of these accounts are that they are for people with rubbish credit history, seems to defeat the object.

Checks with the credit reference agencies are still carried out to check for other things like to see if you are currently bankrupt or to check for CIFAS (fraud) markers

abrahamsblessings

am an international student i just moved to the Uk and opened a Bank acount with barclays a month ago. I do not have a credit account only a debit and savings.
I just recieved a T2 letter from barclays. Please i don't know what to do now. Can i open another account with another bank??? Please i really confused and also worried and scared.

Please some one help

abrahamsblessings

am an international student i just moved to the Uk and opened a Bank acount with barclays a month ago. I do not have a credit account only a debit and savings.
I just recieved a T2 letter from barclays. Please i don't know what to do now. Can i open another account with another bank??? Please i really confused and also worried and scared.

Please some one help

mike07

So Barclays are now doing credit checks.. does this go for co-op also?

PaulW922

abrahamsblessings wrote: »

am an international student i just moved to the Uk and opened a Bank acount with barclays a month ago. I do not have a credit account only a debit and savings.
I just recieved a T2 letter from barclays. Please i don't know what to do now. Can i open another account with another bank??? Please i really confused and also worried and scared.

Please some one help

What is a T2 letter?

life_nit

Today I logged into my online banking and noticed what was previously an e-saver offering me at least a bit of interest was now changed to their 'Everyday Current Account'.

After looking into the interest rates it mentions the following in a PDF I accessed on the website:

http://i.imgur.com/JK2RgmK.png

Disappointingly it offers no interest so I'm looking to ditch it.

I tried browsing the 'Basic accounts' on here but couldn't find any advertising interest.

Would appreciate if someone can point me in the direction of an account that does not require you to deposit X amount monthly but also offers some interest. Is there such a thing at this moment in time I wonder.

Thanks in advance!