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Refused a Santantder 123 Account

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  • ywlgy
    ywlgy Posts: 146 Forumite
    Fourth Anniversary 100 Posts
    I was also declined by santander because of lack of credit history.
    why do they all have to do a credit check if i just want to save money and get some interest.
    I don't need overdraft at all
  • Mchambers
    Mchambers Posts: 1,054 Forumite
    OP...Complain, get a final response and then escalate to the FCA.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Mchambers wrote: »
    OP...Complain, get a final response and then escalate to the FCA.

    Then maybe you'll get some compo out of it - right? :rotfl:
  • rainbowskies
    rainbowskies Posts: 129 Forumite
    Regardless of perfect credit history, bankruptcies, CCJs, etc - banks have the right to refuse potential customers. They don’t even need to give you a reason for it. Complaints won’t get you anywhere as they are well within their rights.

    Save your energy and move on.
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  • Mchambers
    Mchambers Posts: 1,054 Forumite
    !!! wrote: »
    Then maybe you'll get some compo out of it - right? :rotfl:

    Why not ? At the very least, Santander will have to pay the FCA (if I remember correctly)
    £800-00) for the complaint:D !

    HTHs.
  • badger09
    badger09 Posts: 11,612 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Mchambers wrote: »
    Why not ? At the very least, Santander will have to pay the FCA (if I remember correctly)
    £800-00) for the complaint:D !

    HTHs.

    No, it doesn't help at all.
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,062 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Technically Santander 123 is a current account not a savings account so there is a possibility of going overdrawn on it. This is why they check your credit record. You may have better luck with just a straightforward savings account.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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.

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  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    Mchambers wrote: »
    OP...Complain, get a final response and then escalate to the FCA.

    How's that claim going for the food poisoning you 'suffered' on your hols?
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