Regretting moving to TSB

jjlandlord

missile wrote: »

Cash deposits (and cheques) are instantly credited to my TSB account

It takes about a week for a cheque to clear.

If the bank credits your account immediately, it is provisional and they will debit it back if the cheque bounces.
Be careful not to blow all the money just to become overdrawn if the cheque bounces...

colsten

jjlandlord wrote: »

It takes about a week for a cheque to clear.

true, and that's like with any bank

Steve_xx

Kendall80 wrote: »

I like TSB - simple online UI. No frills, no fuss. Pay me my interest every month. All I can ask for really.


Oh and I get 'free' breakdown cover (et cetera) as long as I keep 2k in my ancient Gold account

So, the breakdown cover is effectively costing you £100 per annum? That being the amount it would earn in a TSB Classic Plus current account.

teffers

I have a Natwest account and a bunch of TSB ones.

The Natwest mobile app is about the best out there tbh. The TSB app is more of a mobile page hybrid and much more of a pain to log in to.

Overall I much prefer TSB as they pay interest (lots lol) and they seem to take account history into consideration when offering services (Natwest turned me down for a CC whilst TSB offered me one with a very healthy limit.).

If you can get over the naff mobile app TSB may well be the better option.

Natwest turning you down for a basic account is worrying though eh.

YorkshireBoy

Steve_xx wrote: »

So, the breakdown cover is effectively costing you £100 per annum? That being the amount it would earn in a TSB Classic Plus current account.

The post reads to me like they already have TSB Plus accounts (and from their posting history other high interest accounts too?).

What they're saying is they also have an old 'Gold' account with a benefits package including breakdown cover and other benefits classified as "et cetera" in return for maintaining a minimum balance in that particular account.

So if the best they could get elsewhere was 3%, then all the benefits of that account are 'costing' them £48 a year (as a BR tax payer). Sounds like a good deal to me!