No Contactless Card on Lloyds Bank Basic Account

Robisere

We set up Junior ISA's for each of our 4 grandchildren, intending to help them into banking when the ISA's mature. First was senior gson, now in his 20's: he began his own account at HSBC way before he left college and then deposited the ISA cash in that account for when he started work and needed to have his own place. Some of that money has moved him into a modern flat. He now he has a very good job and the HSBC account is about to be switched to a TSB Classic account, thanks to HSBC treating him as if he was still a minor and not listening to his request to upgrade the account and go contactless.

Second grandchild's ISA matured 18 months ago, she asked us to take her to TSB after she had reviewed all banks. She now has a Classic Plus account with contactless, having passed from catering college to a good restaurant job.

Third is 17 atm and in engineering college 3 days a week, with 2 days work at a local engineering works. He too sorted his own account at Barclays, as he was earning from a part time job. He wants to switch to TSB when his ISA matures.

Fourth is 10 and about to enter a very good grammar school. (yes this is Lincolnshire: we still have them, and the 11+) By the time she is 18, her ISA will have more funds than the others had due to a longer period of interest. But she already has a Child account, set up by her mum.

All of them know that saving is important to their future, and all 4 have been given financial advice from parents and we grandparents, in order that they can make decisions about their own future. I think that schools and colleges should teach finance to children as early as possible. The problems caused by too much credit available, coupled with the avalanche of ads offering all kinds of "Shinies" and banks offering ways to buy them, is what caused the last recession and will probably cause another. Teach your kids about money! Best thing you can do for them after the love and the good life you give them.

jonesMUFCforever

Robisere wrote: »

We set up Junior ISA's for each of our 4 grandchildren, intending to help them into banking when the ISA's mature. First was senior gson, now in his 20's: he began his own account at HSBC way before he left college and then deposited the ISA cash in that account for when he started work and needed to have his own place. Some of that money has moved him into a modern flat. He now he has a very good job and the HSBC account is about to be switched to a TSB Classic account, thanks to HSBC treating him as if he was still a minor and not listening to his request to upgrade the account and go contactless.

Second grandchild's ISA matured 18 months ago, she asked us to take her to TSB after she had reviewed all banks. She now has a Classic Plus account with contactless, having passed from catering college to a good restaurant job.

Third is 17 atm and in engineering college 3 days a week, with 2 days work at a local engineering works. He too sorted his own account at Barclays, as he was earning from a part time job. He wants to switch to TSB when his ISA matures.

Fourth is 10 and about to enter a very good grammar school. (yes this is Lincolnshire: we still have them, and the 11+) By the time she is 18, her ISA will have more funds than the others had due to a longer period of interest. But she already has a Child account, set up by her mum.

All of them know that saving is important to their future, and all 4 have been given financial advice from parents and we grandparents, in order that they can make decisions about their own future. I think that schools and colleges should teach finance to children as early as possible. The problems caused by too much credit available, coupled with the avalanche of ads offering all kinds of "Shinies" and banks offering ways to buy them, is what caused the last recession and will probably cause another. Teach your kids about money! Best thing you can do for them after the love and the good life you give them.

I didn't think grandparents could open a Junior ISA for their grandkids or did you mean you gave them money for their parents to do so?

Helpmeoutofthismess

Paulautodetail wrote: »

I have a Lloyds Basic Bank Account, ran it impeccably for 3 years and still not eligible for an upgrade so no contactless card and no Apple Pay, my friends all laugh at me when I pull my basic looking plain green debit card out with no contactless symbol.

They all say it's a babies account with having no contactless, so think I might leave Lloyds and go to nationwide if their basic account has contactless - because I am now being bullied because of it, next thing I'll no doubt have my head flushed down the toilet at the pub by some Club Lloyds customer who does have contactless

I have a lloyds basic account, the plain green one with no contactless symbol but you can still use it as contactless with Apple Pay, I was using it for a few months until I switched to nationwide flex basic.

H x

Katiehound

shortcrust wrote: »

Looks like the 'no' camp is pulling ahead despite the rigged electoral system. Power to the people!:)

PS: No.

Love it!! especially the 'rigged' electoral system........

System

I've opted out of contactless on my main debit card - no-one has ever batted an eyelid.

I recently added it to Android pay but it actually takes longer to process (as it appears to go online) but with chip & pin it's almost always instant.

pmduk

I can't speak for Android Pay but in my experience card transactions are usually as quick as chip + pin

masonic

pmduk wrote: »

I can't speak for Android Pay but in my experience card transactions are usually as quick as chip + pin

The offline contactless transactions are definitely quicker. The vast majority of retailers in the UK seem to offer offline contactless.

However, a card that pulls from a basic bank account probably shouldn't allow offline transactions, because basic bank accounts are supposed to protect against people spending money they don't have.

Apparently online contactless transactions are very noticably slower. To the extent that it offers no advantage over Chip & PIN.

So it raises the question, what is the point of a basic bank account offering a service that will either present a risk to its customers or, if they only accept online transactions, no benefit?

Cherokeebluesome

You're absolutely right Dobbihill, I've just checked, I must say however that it feels like a basic account. No DDs in or out, no overdrafts(don't want any). I transfer money from my 123 a/c
whenever a top up is required and use the a/c mainly for purchasing goods over the internet, though I have paid for 2 lunches contactless. My apologies for the misinformation, it was not my intention to deceive.

Mrs_Ryan

masonic wrote: »

The offline contactless transactions are definitely quicker. The vast majority of retailers in the UK seem to offer offline contactless.

However, a card that pulls from a basic bank account probably shouldn't allow offline transactions, because basic bank accounts are supposed to protect against people spending money they don't have.

Apparently online contactless transactions are very noticably slower. To the extent that it offers no advantage over Chip & PIN.

So it raises the question, what is the point of a basic bank account offering a service that will either present a risk to its customers or, if they only accept online transactions, no benefit?

In some cases though, it is possible to benefit.
Obscure example this is, but true.
I have a Chip and Sign card on my Lloyds Classic as I cannot use Chip and Pin. I have a contactless card on my Barclays Basic that is only used for contactless transactions.I have now come across two places that say they do not take Chip and Sign because of the 'fraud risk' but both places take contactless. I then transfer the money from Lloyds to Barclays and pay by contactless, therefore creating an advantage as no requirement for Chip and PIN.
As I said, obscure I know but I'm grateful for it.
(And yes I am aware contactless transactions do require a PIN sometimes, if that happened unless I had someone with me to help me I would have to walk away and leave my shopping. Fortunately in the 2 months I've had my card I've not yet been asked for a PIN)

takman

masonic wrote: »

Apparently online contactless transactions are very noticably slower. To the extent that it offers no advantage over Chip & PIN.

I've never experienced this and I have done hundreds of contactless transactions and they have all either gone through in a few seconds or asked for a pin.


In regards to whether basic accounts should have to offer contactless then the answer is "No". Basic accounts shouldn't have to offer anything more than a debit card to withdraw cash with. Anything extra should be at the discretion of the bank offering them based on whether they can justify offering it.