Which basic bank accounts report to the credit agencies?

mimihi

I can confirm that Nationwide do with the Flex Account and Abbey with their basic account.

Who else has a basic account with say Norwich & Peterborough, Yorkshire Readycash, Co op Cashminder, the Citibank account etc and has seen their credit files recently and can confirm that these accounts report positive info to the credit reference agencies?

Thanks to everyone in helping to compile this info.

Ian

Fedz

Most banks query credit reference agencies, even for basic bank account applications for security reasons and to see if you are good enough for higher status accounts - banks are not ones to miss opportunities

Jam555s

Hi there, im in a similer situation

barclays, hsbc, alliance and liecester all report monthly to the credit ref agences, plus barclays and alliance and leicester do not carry out a credit checks for a basic acc,

royal bank of scotland, Lloyds,halifax, bank of scotland and natwest do not update the agencies, wel only if u get in trouble

hope this helps, if u need more advice, let me know

guynextdoor82

Jam555s wrote: »

Hi there, im in a similer situation

barclays, hsbc, alliance and liecester all report monthly to the credit ref agences, plus barclays and alliance and leicester do not carry out a credit checks for a basic acc,

royal bank of scotland, Lloyds,halifax, bank of scotland and natwest do not update the agencies, wel only if u get in trouble

hope this helps, if u need more advice, let me know

that is not true...from this month NATWEST BANK is reporting account activity to experian it was on my file checked it online...

Guest_Room

guynextdoor82 wrote: »

that is not true...from this month NATWEST BANK is reporting account activity to experian it was on my file checked it online...

Could you advise what information is reported, please? Is it account balance, activity levels, etc?

Thanks.

GR.

guynextdoor82

Guest_Room wrote: »

Could you advise what information is reported, please? Is it account balance, activity levels, etc?

Thanks.

GR.

it displays your overdraft balance and monthly repayments for it....just like credit cards all payments are shown...

i think..we are loosing privacy over our money...i switching to citibank the ONLY BANK which doesnt report to credit agency

sscott5581

Citibank report to Experian if you have an overdraft with them.

PaulW922

The basic accounts from Abbey and the Coop both report regularly. Halifax Easycash does not, but Cardcash does.

PROLIANT

hi all, I hold a basic account with lloyds TSB, this account comes with a proper VISA debit card, but no overdraft nor cheque book and i can confirm that they update Experian with a monthly status i.e overdraft ammout = £0
and it is listed as a normal current account so lenders will see this and not the fact it is a restricted account.
Hope this information helps.

smithja

Clydesdale Bank's Readycash Account does not report to any CRA as yet.

James

PaulW922

My Clydesdale Readycash reports to Experian and has done since January.