N&P closing current account??? Whats a good current account nowadays?

tomglider

N&P have said they maybe closing current accounts down.. this leaves me with a pickle as I really don't know where to go?

I like the looks of Santander... but only because of the cash back option and I have my mortgage with them.

after all bills go out and paid for everything I have about 600 a month left in my account.

how do people rate Santander? is there any other accounts that maybe useful?

cheers

grumbler

tomglider wrote: »

I like the looks of Santander... but only because of the cash back option and I have my mortgage with them.

What account? If it's 123, does the cashback justify paying £5 monthly fee?

is there any other accounts that maybe useful?

>> Best Bank Accounts
>> Two banks WILL offer switching bonuses to Norwich & Peterborough customers facing account closures

System

grumbler wrote: »

What account? If it's 123, does the cashback justify paying £5 monthly fee?

>> Best Bank Accounts
>> Two banks WILL offer switching bonuses to Norwich & Peterborough customers facing account closures

Probably M&S as they have slightly reduced forex fees, a interest free overdraft and a switching bonus. You can use HSBC branches for basic transactions in addition to M&S Bank ones.

If Santander, then look into the 123 lite if your average balance will be low.

Katiehound

Both HSBC & M&S have (at present!) regular monthly savers offering 5% interest as well.

Arthog

As an N&P Current account holder, I have the alternative banks before me like a row of skittles. I'm picking them off one by one! N&P really set the standard and others just don't measure up.


I'll avoid any that have senior staff due in Court or jail. any that have been fined zillions - it can only come from the account holders, any that have had zillions embezzled - that can only be replaced from account holder funds. Any that are slow to process transactions to the irritation of account holders, and any that are for sale.
The last skittle standing will get my application, and if they don't want me, then it'll have to be the UTM Bank upstairs!

jimjames

Arthog wrote: »

As an N&P Current account holder, I have the alternative banks before me like a row of skittles. I'm picking them off one by one! N&P really set the standard and others just don't measure up.

To me Tesco and Nationwide set the standard. Did N&P pay 3% interest?

bigadaj

Arthog wrote: »

As an N&P Current account holder, I have the alternative banks before me like a row of skittles. I'm picking them off one by one! N&P really set the standard and others just don't measure up.


I'll avoid any that have senior staff due in Court or jail. any that have been fined zillions - it can only come from the account holders, any that have had zillions embezzled - that can only be replaced from account holder funds. Any that are slow to process transactions to the irritation of account holders, and any that are for sale.
The last skittle standing will get my application, and if they don't want me, then it'll have to be the UTM Bank upstairs!

Or that could be an institution that was heavily fined for Mis selling high risk products and then had to compensate their customers tens of millions leading to takeover by a larger institution and their eventual effective demise...

A_Flock_Of_Sheep

It is a shrinking puddle now really. I remember a time when you had Abbey National, National and Provincial, The Woolwich, Girobank all offering a chequebook and card account.

jimjames

A_Flock_Of_Sheep wrote: »

It is a shrinking puddle now really. I remember a time when you had Abbey National, National and Provincial, The Woolwich, Girobank all offering a chequebook and card account.

Plenty of banks still offer them?