Basic Bank Account Thread

olli

olli wrote: »

First time on..

Just been declined for a lloyds basic account, they told me that they now credit score for this account ? can anyone confirm this...
I did confirm a few times to the girl on the phone all I want is a basic account, and NOT a current account !

I have a few bit's on my credit file which are being paid off, but now worried I will be declined with other banks.

Ta

Hi All

Many thanks for all your help I think I will look at Clydesdale/Yorkshire

onmeass

new to here , but just been looking at a "ONE BANKING" account online. guaranteed acceptance , but has a one off 30 quid opening fee and costs 12.50 a month. drect debit facilities are there and you get a prepay mastercard. wages can be paid directly in . has anyone heard of this / uses this and is it any good ?

onmeass

p.s the website address is

https://www.cardonebanking.com

davidhenson1

why use an account where you are charged to use it? and also a set up fee? its a big rip off! you will get charged if you withdraw your money from a cash machine etc you can get a basic account with a debit card even a visa debit card so in my opinion i would stay away! unless you have money to burn!

http://www.moneymadeclear.fsa.gov.uk...k_accounts.pdf

dorkykatie

Good news!
We decided we didn't want to wait for the post to sign the forms, so I took my partner into the Natwest branch, and they ran the application again and he signed there and then.
He was given his account number and sort code, so that we could arrange paying wages into it etc, and 2 days later his pin number and paying in book arrived.. and 2 days after that his cash card arrived!

Will the step account appear on his credit report? And will having it boost his credit score? We were thinking of trying in 6 months to upgrade it to a current account.

456789

dorkykatie wrote: »

Good news!
We decided we didn't want to wait for the post to sign the forms, so I took my partner into the Natwest branch, and they ran the application again and he signed there and then.
He was given his account number and sort code, so that we could arrange paying wages into it etc, and 2 days later his pin number and paying in book arrived.. and 2 days after that his cash card arrived!

Will the step account appear on his credit report? And will having it boost his credit score? We were thinking of trying in 6 months to upgrade it to a current account.

according to this http://forums.moneysavingexpert.com/showpost.html?p=19203773&postcount=4 yes

sutton111

I can confirm it will appear on your credit file as it does on mine.

moonflower_2

Hi I have a nationwide basic account, I want to apply for a credit card will this prevent me from be eligible? I do not have other debts now apart from the mortgage.

cifpower

How will having a basic account prevent you from having a credit card?

sutton111

moonflower wrote: »

Hi I have a nationwide basic account, I want to apply for a credit card will this prevent me from be eligible? I do not have other debts now apart from the mortgage.

It won't prevent you from having a mortgage they show up as current accounts on your credit file anyway.

What will prevent you from getting a mortgage would be adverse information on your credit file.