Consolidating Bank Accounts?

dr_adidas01

ElContador wrote: »

Why are you so up yourself? I come asking for advice as the forum looks good in general and I get this? do you not have anything better to do with your life than pick on someone asking for friendly advice?

As for the private bank account, Cater Allen only really have the £5k minimum in the account per month in order to keep it open, there are no other requirements so it would seem rather easy to get regardless of whether I have a job or not, just need the money which I have. Only downside to the account is all you are getting from it is the fact you are with a private bank that has such low requirements you have to question why?

Carter Allen are part of the Santander group!!!

Why don't you apply to Coutts & Co if there good enough for HM The Queen, then there good enough for everyone else!!!

Hominu

ElContador wrote: »

Cater Allen

It disturbs me that Cater Allen and Santander share the same logo :eek:

I hope that's where the similarity ends, but if not, :eek: :eek:

SuperHan

Why would you put £5,000 in to a Cater Allen account that offers no interest on the balance, and no great features to note? Surely it makes more sense to put the money in to an ISA/Savings account and stick with Halifax who will pay you £5 per month?! It makes no sense at all.

What features do you want from a bank account? Then we may be able to help...

Anthorn

This thread is very scrappy: Who called out the dogs and the sheep who follows them?

Let's look at the facts: You have a hole in your credit file, you have virtually no income, dependent on the goodwill of your parents and you want a premium bank account.

What do you mean by premium bank account? You won't have a cat-in-hell's chance of an authorised overdraft so that leaves things which you can get from most bank accounts, DDs, SOs, Debit Card, etc. etc.

Best option: Stay with HSBC
Next best: Get a basic bank account at Santander, Barclays, Yorkshire Bank or loads of others. But never go overdrawn or you'll be f ... er ... I mean ... messed up.

Hominu

SuperHan wrote: »

Why would you put £5,000 in to a Cater Allen account that offers no interest on the balance, and no great features to note?

Simple, the name. Showing someone a statement that says "Cater Allen" looks good, or at least it would if people didn't think of Santander when you said it.

Like most other banks however, it doesn't really make any sense unless you have >= 100K with them, and I'd never put 100K in a single financial institution.

SuperHan

Hominu wrote: »

Simple, the name. Showing someone a statement that says "Cater Allen" looks good, or at least it would if people didn't think of Santander when you said it.

Like most other banks however, it doesn't really make any sense unless you have >= 100K with them, and I'd never put 100K in a single financial institution.

It'd make sense if it was Coutt's or Barclays Premier... But like you say, Cater Allen just isn't that impressive... It's just Santander...

innovate

SuperHan wrote: »

It'd make sense if it was Coutt's or Barclays Premier.

It most certainly would not - - not for the customer, anyway.

No bank is immune from defaulting these days.

jonesMUFCforever

Who exactly would be impressed by seeing Cater Allen on a statement or cheque??

grumbler

The card is good too for impressing mates and girls.

Gromitt

SuperHan wrote: »

It's just Santander...

With a £15/month fee if your balance drops below £5000, and that fee gets you a 'banking team' to help with your enquiries and access to RBOS branches which charge 64p/£100 for counter service.

Sign me up!