Bank Account Move Advice.

sb55mv

Hi Everyone.

I am looking to move to another bank, and would like some advice from anyone that has experience of other Banks please.

I know in a lot of ways they are all similar, but wanted some advice on a decent alternative.

Firstly, I don't have or need a credit card, I get by just fine either with the Debit card or good old fashioned cash. An Overdraft is preferential purely because it's handy to have in case of emergencies.

I am currently with NatWest, and have been for some twenty five years.

So, any thoughts guys and galls

Many thanks.

Archi_Bald

There's a good article on the main site: http://www.moneysavingexpert.com/banking/compare-best-bank-accounts

I am no particular fan of Natwest myself, but what are you looking for that you don't get at Natwest?

rb10

Most of the best current accounts aren't on your list!

Look at:

Santander 123 (3% interest plus cashback on bills, £2/month fee)
Nationwide FlexDirect (5% interest)
TSB / Bank of Scotland / Lloyds Vantage/Enhance (3% interest)
Halifax Reward (£5 cash/month)

Archi_Bald

rb10 wrote: »

Most of the best current accounts aren't on your list!

You are assuming the OP has the same kind of criteria for current accounts as you do. There is no indication at all what their requirements are, so may be an M&S account that you and I would find overpriced would be exactly what they want.

Though I think the OP might be taking the proverbial since some of the names on their list don't even offer current accounts.

rb10

Archi_Bald wrote: »

You are assuming the OP has the same kind of criteria for current accounts as you do. There is no indication at all what their requirements are, so may be an M&S account that you and I would find overpriced would be exactly what they want.

Though I think the OP might be taking the proverbial since some of the names on their list don't even offer current accounts.

The poll title says 'preferably free' and they indicate that they don't routinely use an overdraft, so I reckon it'll come down to the ones I've listed...

sb55mv

Hi again guy's.

Sorry if the poll has caused grief for anyone, and I was not intending to take the pee.

I just put up what I thought were the most common current accounts. Also, I am talking about a basic type of account, where salary is paid in and I use it to pay for things with and general day to day purchases, not an account that has to have a certain balance all the time etc.

Also, as was asked by Archie Bald has asked, the reasons I feel like moving are detailed in a thread I just posted in the Rant section titled "Rant, and Question for anyone "In the know" so to speak about Banks and the Law". (I would have linked direct, but because I am new I am not allowed to)

PS I have no idea how to turn off / disable the poll now, sorry again if it causes anger in anyone.

rb10

sb55mv wrote: »

I just put up what I thought were the most common current accounts. Also, I am talking about a basic type of account, where salary is paid in and I use it to pay for things with and general day to day purchases, not an account that has to have a certain balance all the time etc.

The accounts that I listed above are all just standard current accounts.

There's no requirement to hold a minimum balance.

But the bank will pay you something for using their account.

apesxx

I have accounts with Barclays and nationwide and I'm happy with both x I pay £6.50 for my account with Barclays but that covers my mobile and laptop insurance too. My Barclays is my direct debit account where I leave money for payments going out and nationwide is my main spending account.

OH wants me to move to Halifax for the £100 switching fee but I don't see the point when I'm happy with who I'm with now.

sb55mv

Hi rb10

"But the bank will pay you something for using their account" Which ones are these then rb10?

Which would you recommend as the best one for me, all I need is a debit card, and one that has an overdraft facility, but "100 is no good for me, it would need to be around the 1K size. My NW one is 2K, because I dropped down from an advantage gold account to a standard account because I never used the things included in the account which charged me "11 per month.

But did give me a 3K overdraft facility, but as I said, I never did use it, but it is always nice to know it's there just in case.

Many thanks again.

rb10

sb55mv wrote: »

"But the bank will pay you something for using their account" Which ones are these then rb10?

The banks that will pay you are listed in post 3.

Take a look at the websites of those banks, see which is best for you.

All of them will give you a debit card. And if your credit history is good enough, they'll give you a decent-sized overdraft too.

opinions4u

If you're going to be in credit, rarely or never overdrawn but not maintaining a significant balance I'd suggest you narrow it down to Halifax or Santander.