Government and Banks agreement to update Basic accounts..

Midslad27

So far Natwest/RBS have launched their foundation account with no fees etc. Barclays have launched their Basic Current Account (just changed name from cash card account..)

Nationwide launch Flexbasic Wednesday..

I'm just waiting to see what Santander do as I got their basic cash card grr

Midslad27

Another note to people. Natwest says you can't directly apply for a Basic Account you got to.apply for a main account first.

EarthBoy

Midslad27 wrote: »

Another note to people. Natwest says you can't directly apply for a Basic Account you got to.apply for a main account first.

The new basic accounts don't have any charges, -none at all, even if you have unpaid DDs etc., so banks won't want to give them to just anyone. They will credit check you and if you meet the criteria for a standard account, they will offer you that instead, on a take-it or leave-it basis. Yorkshire and Clydesdale Banks are doing the same -you can only have a Readycash account if you don't meet the criteria for their ordinary current account.

I suppose you could lie when you apply and say that you don't have any income and pretend to be in debt up to the eyeballs, and that might get you a basic account. Of course, some people won't need to pretend......

stclair

Midslad27 wrote: »

Another note to people. Natwest says you can't directly apply for a Basic Account you got to.apply for a main account first.

It might we worth adding the account will not be available if you live in Scotland and similarly for RBS if you live in England & Wales.