Co-op bank for sale

JuicyJesus

Melissa332 wrote: »

I have banked with Co-op since I went through a bankruptcy in 2011

I'm pleased to hear it.

john2054

so i can switch my direct debits over

ChaunceyGardiner

Melissa332 wrote: »

I have banked with Co-op since I went through a bankruptcy in 2011

Me too. I'm not sure anyone else would take me on.

Thrugelmir

With the Co-op group writing down it's stake to zero value. Sounds as if plan B is being put into place. An orderly wind down by the BOE if a suitable buyer cannot be sought.

realaledrinker

Thrugelmir wrote: »

With the Co-op group writing down it's stake to zero value. Sounds as if plan B is being put into place.

Not really, just cleaning the !!!!! from the stable after the horse has long since bolted.

System

It appears that Virgin Money are one of the front runners.

I hope they don't prevail as their current account offering and Internet banking is like something from the 90s

System

realaledrinker wrote: »

Not really, just cleaning the !!!!! from the stable after the horse has long since bolted.

Totally, the chances of a wind down are slim - it will be sold (more or less) whole or in tranches.

teddysmum

Heng_Leng wrote: »

It appears that Virgin Money are one of the front runners.

I hope they don't prevail as their current account offering and Internet banking is like something from the 90s

Saver offers are pathetic, too.

JuicyJesus

Heng_Leng wrote: »

It appears that Virgin Money are one of the front runners.

I hope they don't prevail as their current account offering and Internet banking is like something from the 90s

My guess would be that the Co-op's current account offerings would become the Virgin Money ones as they're far more sophisticated.

And it's not like the Co-op's internet banking is particularly modern and featureful as it is!

mr_mf

The current Virgin essentials current account doesn't look that sophisticated to me but they do say they are working on other accounts - most probably by acquiring the Co-op!

What does it offer?

No overdraft which means no overdraft fees to worry about.
No charge for unpaid Direct Debits or standing orders.
Debit card you can use at ATMs*, in shops, online and abroad.
Earn 0.75% Gross1/AER2 (variable) interest on balances up to £100,000. Interest is paid monthly.
Manage it through Virgin Money Stores and at any Post Office®, with limited online services.
Enjoy Virgin Money customer benefits