Egg Money Warning

Simon_B_2

Grade_A_Reject wrote: »

Egg's total operating loss in 2006 was £145 million.

Source http://www.prudential.co.uk/prudential_ar2006/ofr/bur/banking/egg/

Blimey :eek:

highguyuk

Happened to me with my Egg Money account.

But I expected it having read articles, so was watching out for it and altered it straight away.

InsuranceLiability

Grade_A_Reject wrote: »

Egg's total operating loss in 2006 was £145 million.

Source http://www.prudential.co.uk/prudential_ar2006/ofr/bur/banking/egg/

In fact I don't believe Egg has ever made a profit

Frugal_Foxy

Egg Money did exactly the same to me, said it was a mistake that they put me on 'pay min' - ha! good job i checked asa a/c was set up.

i'm gonna start a new thread on raising credit limits on egg money cards. very interesting.

littlemissmoney

Thanks for the warning. I just checked and guess what? Yup, the same has happened to me :rolleyes:

dellboy102

Hi, I want to apply for this but I'm just confused on one point, can I use it as a normal credit card without prepaying money into it, i.e. spend £100 this month and then the next it automatically comes out in full by direct debit, I dont want to have to keep prepaying money into it.

Thanks

YorkshireBoy

dellboy102 wrote: »

...can I use it as a normal credit card without prepaying money into it, i.e. spend £100 this month and then the next it automatically comes out in full by direct debit...

Yes.

You may find this guide to the Egg Money card useful...

http://www.stoozing.com/cgi-bin/forum/YaBB.pl?num=1126208648

dellboy102

wow that was quick!, thanks

arfster

ravenk wrote: »

Some banks are thinking of giving out PIN number entry devices for home use with on-line banking. Now if what exists today is secure ...then why would this be a line they are investigating ?

RBS started sending those out about 6 months ago for online banking - looks like a small calculator. You have to use it if you want to set up any new bank transfers, other than to known companies (utilities, council tax etc).