bad credit rating and can't open a second nationwide debit card account

anoncol

Has your first Nationwide account been overdrawn?

dave030445

anoncol wrote: »

Has your first Nationwide account been overdrawn?

no never in the 6 years ive had it

dave030445

colsten wrote: »

You are wrong there. You can spend more than you have, and you can get overdrawn.

There may be other solutions to your requirement than a 2nd account. Why do you want a 2nd account?

sorry i really don't understand how you can go overdrawn if the money is not in there then things shouldn't get paid if the bank allows the payment to go through then surely that's there fault.


also i was thinking of having a second account for all bills to come out of a separate account. also i tried to upgrade my account to a flex plus account

Fruit_and_Nut_Case

dave030445 wrote: »

Hi I applied online and all it said was. Due to the information you have supplied we are unable to proceed any further. would It help if I went into nationwide

OK. So it didn't actually mention "bad credit". Is it possible that you accidentally mistyped the answer to one of the questions? If this contradicted some information they already held it might ring alarm bells.

dave030445

Fruit_and_Nut_Case wrote: »

OK. So it didn't actually mention "bad credit". Is it possible that you accidentally mistyped the answer to one of the questions? If this contradicted some information they already held it might ring alarm bells.

So do you think it maybe worth going into the bank and seeing what they say. Will it be on record that i applied online and was turned down..

colsten

dave030445 wrote: »

sorry i really don't understand how you can go overdrawn if the money is not in there then things shouldn't get paid if the bank allows the payment to go through then surely that's there fault.

It is never the bank's fault if you go overdrawn. It is always your responsibility to have enough money in the bank to service the commitments you have made. If you do not, you might go overdrawn, and/or be charged.

Simple example: you have £20 available balance left in your bank account tonight. You go to the corner shop and spend exactly £20 on your debit card. This will go through and your available balance will now be zero, assuming the retailer has told your bank you spent £20.

In the early hours of tomorrow morning, a Direct Debit (water, electricity, phone etc etc) or CPA (magazine sub etc) for £38 is due. That DD bounces as you have £0 (or may be £20 still, if the corner shop has not yet told the bank about your purchase) available but your friendly bank gives you until 15:00 (or whatever their deadline is, you need to check) to top up your account. It will then try to take the DD again, and if there is still not enough money, and you don't have an arranged overdraft, two outcomes are possible:

1. bank will refuse the payment and charge you for an unpaid item. Both bank and the payee might put a mark on your credit file
2. bank will grant you an unauthorised overdraft and pay the DD. Your unauthorised overdraft will come with charges

You can read up details in the T&Cs that apply to your account.

dave030445 wrote: »

also i was thinking of having a second account for all bills to come out of a separate account. also i tried to upgrade my account to a flex plus account

A FlexPlus won't protect you from going overdrawn. It will cost you £10 a month for things such as breakdown insurance - is this value for money for you?

Lots of people do have second accounts for their bills but you can equally use a personal finance software package to keep on top of your finances. Also, a basic account should be available to you even if you have a bad credit history.

Some banks (Natwest, Lloyds etc) also offer a "control" function, against a monthly charge, helping (but not guaranteeing) you to stay in the black. Don't think Nationwide have anything like this, and it is really just a bit of a gimmick.

dave030445 wrote: »

So do you think it maybe worth going into the bank and seeing what they say. Will it be on record that i applied online and was turned down..

Nationwide will know you applied and were turned down. Very little mileage in trying a branch IMO.

dave030445

colsten wrote: »

It is never the bank's fault if you go overdrawn. It is always your responsibility to have enough money in the bank to service the commitments you have made. If you do not, you might go overdrawn, and/or be charged.

Simple example: you have £20 available balance left in your bank account tonight. You go to the corner shop and spend exactly £20 on your debit card. This will go through and your available balance will now be zero, assuming the retailer has told your bank you spent £20.

In the early hours of tomorrow morning, a Direct Debit (water, electricity, phone etc etc) or CPA (magazine sub etc) for £38 is due. That DD bounces as you have £0 (or may be £20 still, if the corner shop has not yet told the bank about your purchase) available but your friendly bank gives you until 15:00 (or whatever their deadline is, you need to check) to top up your account. It will then try to take the DD again, and if there is still not enough money, and you don't have an arranged overdraft, two outcomes are possible:

1. bank will refuse the payment and charge you for an unpaid item. Both bank and the payee might put a mark on your credit file
2. bank will grant you an unauthorised overdraft and pay the DD. Your unauthorised overdraft will come with charges

You can read up details in the T&Cs that apply to your account.


A FlexPlus won't protect you from going overdrawn. It will cost you £10 a month for things such as breakdown insurance - is this value for money for you?

Lots of people do have second accounts for their bills but you can equally use a personal finance software package to keep on top of your finances. Also, a basic account should be available to you even if you have a bad credit history.

Some banks (Natwest, Lloyds etc) also offer a "control" function, against a monthly charge, helping (but not guaranteeing) you to stay in the black. Don't think Nationwide have anything like this, and it is really just a bit of a gimmick.

Nationwide will know you applied and were turned down. Very little mileage in trying a branch IMO.

i don't want or use a overdraft thats not why want another account
sorry to keep on about it but why would your bank pay a DD if you have not got the money in your account just refuse it then you cant go overdrawn.

colsten

dave030445 wrote: »

i don't want or use a overdraft thats not why want another account
sorry to keep on about it but why would your bank pay a DD if you have not got the money in your account just refuse it then you cant go overdrawn.

Banks do pay DDs/SOs/CPAs from accounts even if the accounts might go into unauthorised overdrafts, not least as if they did not, their customers would complain.

I don't know of any bank that would not do so. But you can buy services that will not let you go overdrawn, if you cannot manage your financials yourself.

dave030445

colsten wrote: »

Banks do pay DDs/SOs/CPAs from accounts even if the accounts might go into unauthorised overdrafts, not least as if they did not, their customers would complain.

I don't know of any bank that would not do so. But you can buy services that will not let you go overdrawn, if you cannot manage your financials yourself.

But why do they let you go into an overdraft. As a customer you cant really moan if the money not there you payment didn't get paid. But putting me overdrawn i would be very angry.

dave030445

If ive been turned down by nationwide are other banks going to do the same. or is it worth trying other banks.