Think Money

Nasrine

Hi,

Does anyone use "Think Money" or a similar account?
I currently have a Natwest account, switched from Halifax a few months ago because of the extortionate charges, but Natwest are pretty similar.
A friend suggested think money because of the "A/B" account, where they put your bills money aside and leave you with the rest.

I already pay my account, so at this point in time the fee for the account isnt my main priority.
This month I recieved £90 charges for going into an unarranged overdraft and returned DD fees.
I'll be the first to admit i'm not amazing with my money.
Is the think money a good account to have?

pmduk

I suggest you learn to manage your money better, to avoid paying bank charges for failed payments. It can be done with a little management and self-control on your part. That would then save paying any bank charges at all, or think banking's monthly charge. NB their charges for calling them will soon mount up as well because they advertise an 0844 number for current customers.

SnowTiger

Nasrine wrote: »

Hi,

Does anyone use "Think Money" or a similar account?
I currently have a Natwest account, switched from Halifax a few months ago because of the extortionate charges, but Natwest are pretty similar.
A friend suggested think money because of the "A/B" account, where they put your bills money aside and leave you with the rest.

I already pay my account, so at this point in time the fee for the account isnt my main priority.
This month I recieved £90 charges for going into an unarranged overdraft and returned DD fees.
I'll be the first to admit i'm not amazing with my money.
Is the think money a good account to have?

Swtich to the free Natwest Select current account. Fee based accounts are rarely worth it.

How about adding their overdraft control serivice to it?

It's free and will bounce most transactions that would put you into overdraft.

http://www.natwest.com/personal/current-accounts/g3/overdrafts.ashx

Click on the Overdraft Control tab for more info.

Use a second account for spending money if that would make things easier for you.

Paying Think Money £14.95 a month is daft IMO.

opinions4u

Stop spending money that isn't yours and banks won't charge you.

ses6jwg

In the days of text alerts and mobile/ online banking you don't need this.