We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Must I have a basic account-been offered a standard current account?
smallandcute
Posts: 76 Forumite
Hi all,
So step change advised that i get a basic current account away from my banking creditors so i applied to lloyds. Initially they offered me a basic bank account with debit card etc then they have offered me the classic current account, no overdeaft or anything. Must i have a basic bank account or can i have the classic account as it has been offered to me?
So step change advised that i get a basic current account away from my banking creditors so i applied to lloyds. Initially they offered me a basic bank account with debit card etc then they have offered me the classic current account, no overdeaft or anything. Must i have a basic bank account or can i have the classic account as it has been offered to me?
0
Comments
-
Hi there,
If there is no overdraft or charge for the account, then I don't think this should be an issue, but it would be better for you to double check the Step Change if that is who you are using. The reason people normally have a basic account is because it is easier to get, you can't have an overdraft (so no risk of any further debt) and there is no charge for the account. Sounds like you have ticked all of those boxes anyway,
Laura
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
I thought this also. I joined Lloyds with a basic account at the start of DMP and was offered standard current, current extra etc. The bank manager tried to tempt me but I stuck to my guns and have got and kept a basic account. It is entirely up to you but I get loads of offers on this account such as the save the change saving account, basic ISA, all linked and everyday offers where I can get cash back etc. This is all with a basic account. I'm perfectly happy with mine and genuinely don't feel I am missing out on anythingLove my DMP left to pay £0/ £10162.51 :beer:
Est DFD 11/2018
Actual DFD 09/2017
£2 savers club: number 88 £14 so far!
Wombling free number 41 £6 so far!!
Emergency fund £50/£10000 -
Bouncybubbles wrote: »I thought this also. I joined Lloyds with a basic account at the start of DMP and was offered standard current, current extra etc. The bank manager tried to tempt me but I stuck to my guns and have got and kept a basic account. It is entirely up to you but I get loads of offers on this account such as the save the change saving account, basic ISA, all linked and everyday offers where I can get cash back etc. This is all with a basic account. I'm perfectly happy with mine and genuinely don't feel I am missing out on anything
Once you start the DMP, and get a few defaults, you may find the offers dry up rather quickly !!!I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thanks i will use the classic offered, like i say icwont be need or wanting an od or anythibg else so should be a problem and if it is i can always get a basic account either with lloyds or elsewhere.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards