4 years after discharge, is a current account out of the question?

Cruciverbalist

iquit wrote: »

I have basic accounts with The Co-op & Barclays. ISA with The Co-op. savings accounts with Barclays & Yorkshire Building Society. I've not tried to upgrade to a normal current account yet. Maybe in the future, so will watch your experience with interest - keep us posted.

Thanks iquit. I'll report back here if I get anywhere. I'll be sure and try YBS too.

Cruciverbalist

tigerfeet2006 wrote: »

You can get a Co-op savings account. You apply telling the person that you are a discharged BR and it will have to be referred. When the computer says no you get them to refer it and the savings account comes through a bit later.

Yorkshire Building Society does an internet saver, apply on line.Posters who are BR and discharged have got one.

Do you have a local Credit Union? Google Credit Union and your town/county. I thoroughly recommend you open one of these whether you are BR or not.

Thanks Tigerfeet. Ah, I never got past the computer-saying-no bit. Will have a go.

I do have a local Credit Union, yes (had no idea what one was until just now!) Thanks indeed. Their ISA looks great.

alastairq

the bank invests my cash and makes at least some money out of me. This is not true of a cashminder account

I'm sure Co-op do not allow all the Cashminder balances to just sit there, not earning the bank a bean?


And my last 'full' accounts [with another bank] never gave me any of their profits either.

Thrugelmir

Cruciverbalist wrote: »

I want an account where the bank invests my cash and makes at least some money out of me.

Banks make nothing out of providing current account services. Free banking is provided by cross subsidy. One day the majority of current accounts will carry a small monthly fee.

aja2312

Yes you can. Partner opened a bank of Scotland account almost 3 years discharged. The account allows dd and comes with a visa debit card too. Advisor was very helpful and as long as he pays in salary and pays bills dd in about 6 months he will have full account allowing overdraft credit card if he wants. As bos is part of lloyds banking group might be available in England? Good luck.