basic bank account - please advise

little_library_lady

My partner and myself want to open a basic bank account with either NatWest, Halifax or Nationwide (simply because they're closest). I just want to check beforehand if any of these has any financial associations/ownership of any of our creditors

Barclaycard
Marks and Spencer Money
Virgin Money
Santander
Capital One

I did a quick check and I don't think so but just want to double check with you all.

thanks

Sanctioned_Parts_List

No to all.

Barclaycard is owned by Barclays, which is independent
M&S financial services are owned by HSBC
Virgin used to use MBNA but is now independent
Santander is backed by its Spanish parent
Capital One is backed by its US parent.

Natwest is independent, as is Nationwide, while Halifax is part of the HBOS borg.

Justice13075

I have used Cashminder from the Co-op for the past 4 years and have no complaints. Not been into the bank for those 4 years.

Sanctioned_Parts_List

Reminds me - latest information is always here: http://www.bankofengland.co.uk/pra/Pages/authorisations/fscs/bankingandsavings.aspx

little_library_lady

Thank you :T

ladymarmalade222

Just to let you know you can use the post office to pay in cheques and cash for the co-op bank if that is convenient as they do a basic account.

Xx

fatbelly

little_library_lady wrote: »

My partner and myself want to open a basic bank account with either NatWest, Halifax or Nationwide

Of those 3, Nationwide has the best reputation for customer service and their new account looks OK

http://www.nationwide.co.uk/products/current-accounts/flexbasic/managing-your-account

You don't think you'd get a standard account like Halifax Reward (£100 switching bribe plus £5 per month)? Does one of you have poor credit? You know if you open a joint account your histories will be linked?