New bank account advice please.

betterlatethannever

Hello,
i'm in the process of applying for an IVA and have been advised to open a new bank account with Nationwide. Just a basic one with DD and no other facilities.
Its been soooo long since i first opened my account i have no idea what to do or where to start.
What do i need to take with me?
How long will it take to initially set up?
how long to take affect?
And lastly how do i set up me direct debits with it?
In the past ive taken no notice of how my direct debits were set up( terrible!)
they just all seemed to happen. e.g my internt account, do i just go in and say i use aol for internet and they can set up my DD?

Thanks for any help.

System

There is a spreadsheet on the Payplan website that tells which creditors have links with what banks. Heres the link to that thread. http://forums.moneysavingexpert.com/showthread.html?t=155880 If you cant find that spreadsheet PM me your email address and I will send it to you. Lenny

betterlatethannever

Thanks for that info, have studied it and i seem to have a couple of options.
Still stuck though as to what i do?

System

Sorry BLTN, have a look at this link: http://forums.moneysavingexpert.com/showthread.html?t=180121

betterlatethannever

Bank of Scotland, Halifax, Sainsbury's, Intelligent Finance, Halifax Cetelum are associated.
concerning the above, is the bank of scotland associated with RBS? sorry is that a silly q.?

Tori_Bellatrix

betterlatethannever wrote: »

Bank of Scotland, Halifax, Sainsbury's, Intelligent Finance, Halifax Cetelum are associated.
concerning the above, is the bank of scotland associated with RBS? sorry is that a silly q.?

No, Bank of Scotland is Halifax.

The 'Royal' Bank of Scotland is RBS

betterlatethannever

thanks for that. sorry am really confused by all this.
Prehaps if i say what cards i owe to will be best.
mbna
mint
morgan stanley
nat west
bank account with nat west.

so am i right in thinkin nationwaide will be good or halifax. for me haifax will be better as they round the corner from me whereas nationwide will mean a £3.00 bus ride?
thanks again for any help

Tori_Bellatrix

betterlatethannever wrote: »

thanks for that. sorry am really confused by all this.
Prehaps if i say what cards i owe to will be best.
mbna
mint
morgan stanley
nat west
bank account with nat west.

so am i right in thinkin nationwaide will be good or halifax. for me haifax will be better as they round the corner from me whereas nationwide will mean a £3.00 bus ride?
thanks again for any help

Depends if you want a debit card or not ..

The Nationwide would be a good basic account and they report account conduct to the credit reference agencies (which helps to rebuild a good credit record if you need to) but you may not get a debit card as they are notoriously fussy about giving them out .. :rolleyes:

The Halifax do they 'Easycash' account with comes with a Visa Electron debit card however counter service can be limited with this account (You'll be required to use the all singing all dancing cash machines instead! But check that out ... if might differ in some branches!)

betterlatethannever

thanks for that advice tori. will try the halifax tomorrow

Tori_Bellatrix

betterlatethannever wrote: »

thanks for that advice tori. will try the halifax tomorrow

No problem, post back to let us know how you get on ... :cool: