MSE News: Post Office unveils new current accounts

Nada666

reclusive46 wrote: »

One of the accounts is fee free.

But it does not come with a... Oh. wait. So much for clear and simple.

Hmm. I thought the account did not come with a debit card - but the basic account which you have to pay a monthly fee for is the one that does not give you a debit card. The standard account is a standard account.

innovate

Nada666 wrote: »

But it does not come with a... Oh. wait. So much for clear and simple.

Hmm. I thought the account did not come with a debit card - but the basic account which you have to pay a monthly fee for is the one that does not give you a debit card. The standard account is a standard account.

The fee-free account does come with a debit card. A perfectly good account for someone who doesn't care about interest on their current account, or any of the frilly bits like travel insurance and breakdown cover.

The basic account is just that - basic. If you want a less basic basic account, you have a choice - use one from another provider.

pqrdef

JuicyJesus wrote: »

People who are lured in by the Post Office brand rather than any hard, actual reasons.

Perhaps they should leverage the brand. At least with the old National Girobank you could post stuff to Bootle without a stamp.

callum9999

Heng_Leng wrote: »

The accounts don't seem that appealing but from my perspective Barclays, CO-OP and HSBC are all foreign registered banks.

And from my perspective you're an alien from outer-space... Barclarys, HSBC and the Co-op are all UK banks registered in the UK.

pqrdef wrote: »

You mean, they're all bankrupt really.

I doubt they mean that, considering they aren't...

donkingkong

Will I be able to get one of the fee free accounts and use it to deposit money at local PO branches and Faster Payment to my main acc. instead of having to go to town/city centre?

ses6jwg

The flexplus looks a better option for £2 a month more you get mobile phone cover, extra warranty on certain goods and a better breakdown service.

pmduk

donkingkong wrote: »

Will I be able to get one of the fee free accounts and use it to deposit money at local PO branches and Faster Payment to my main acc. instead of having to go to town/city centre?

Have you checked whether you can do this already? Many banks allow it.

SnowTiger

pmduk wrote: »

Have you checked whether you can do this already? Many banks allow it.

There's a list here: http://www.postoffice.co.uk/branch-banking-services#withdrawals_&_deposits.

Quite a few changes since I last looked.

I usually use the Post Office when I can, to push a bit of extra business their way.

Thrugelmir

Nada666 wrote: »

The Post Office not offering a monthly-fee-free current account. Ridiculous. So normal people are not expected to bank with them. Nice way to alienate your clientele.

This is the direction personal banking is heading.

dalesrider

reclusive46 wrote: »

Seems to come with a Maestro card? Are these even accepted anymore?

Well lets hope Maestro have improved their consumer protection since most of the major banks junked them....

Only 2 chargeback rights...
CPA & non receipt of goods bought from oversea's.... Not exactly consumer friendly.
But made my job a hell of a lot easier
Sorry no cover.... :rotfl:

looks like they are now more in line with Visa.
Regulations PDF
Although some of the timescales are longer before anything can be done.