Top Bank Accounts Discussion Area

Former_MSE_Andrea

Hi all

Quick FYI in case you're considering it this ends today:

Free £130 then up to £10/mth for 7 months + 3% interest on £1,500

badger09

MSE_Andrea wrote: »

Hi all

Quick FYI in case you're considering it this ends today:

Free £130 then up to £10/mth for 7 months + 3% interest on £1,500

MSE Andrea

Are you aware of this thread, where multiple posters are reporting ongoing problems accessing this offer:cool:

https://forums.moneysavingexpert.com/discussion/5745013

RandS

Hi "guys" there are times when it can pay to have more than one "bank" account. without naming names, i have contacted two banks over the last week, as in spite of scouring their web pages. I have been unable to determine how many accounts they will let me hold.

Is there any chance that in the tables of accounts we could have a column for the number of accounts which YOU think we may be able to open.

I guess you get your info from the oracle ? not simply from the web page ?

Dont let the B....B....banks grind you down:)

eskbanker

RandS wrote: »

Hi "guys" there are times when it can pay to have more than one "bank" account. without naming names, i have contacted two banks over the last week, as in spite of scouring their web pages. I have been unable to determine how many accounts they will let me hold.

Is there any chance that in the tables of accounts we could have a column for the number of accounts which YOU think we may be able to open.

I guess you get your info from the oracle ? not simply from the web page ?

Dont let the B....B....banks grind you down:)

The article that this thread is about does list how many accounts can be opened per person, at https://www.moneysavingexpert.com/banking/compare-best-bank-accounts#interest covering Nationwide, Tesco, BoS, TSB and Lloyds, i.e. the ones where credit interest warrants multiple accounts.

nolly2009

The M&S current account link on this site says "To get the £125 gift card you must open the account and fully switch your account using M&S Bank's switching service within three months..."

Is it possible to open this as a new current account whilst keeping your existing one without "fully switching"? Clearly you would have to set up Direct Debits and pay a certain amount in per month.

YorkshireBoy

nolly2009 wrote: »

The M&S current account link on this site says "To get the £125 gift card you must open the account and fully switch your account using M&S Bank's switching service within three months..."

Is it possible to open this as a new current account whilst keeping your existing one without "fully switching"? Clearly you would have to set up Direct Debits and pay a certain amount in per month.

Short answer: No.

Long answer: MSE don't reproduce the T&Cs in full. Why would they when they're freely available on the M&S Bank website...which is where you should go to get the full details.

Dewpoint

MSE keep banging on about FD bank, but my experience of "best service" and "won every poll" is nothing like they suggest. And why would they keep offering such large bribes if they are so great? I'm with a top mutual bank who work for their members not for their shareholders and has been around for much longer than FD. More than happy with their service, so a £125 bribe isn't going to entice me to change.

Steve_xx

Dewpoint wrote: »

MSE keep banging on about FD bank, but my experience of "best service" and "won every poll" is nothing like they suggest. And why would they keep offering such large bribes if they are so great? I'm with a top mutual bank who work for their members not for their shareholders and has been around for much longer than FD. More than happy with their service, so a £125 bribe isn't going to entice me to change.

I take your point about First Direct, not everyone will be entirely satisfied with any one institution for all of the time.

However, I disagree with your comment referring to banks working for their members as opposed to their shareholders. In this country it seems that we are often critical when a company makes a profit. Profit almost seems like a dirty word. Shareholders are the owners of a company and it is right that they are rewarded for risking their money in the way that they do. If you owned a sweet shop you'd want to sell as many sweets as possible and make as much profit from those sales as was possible. You wouldn't be thinking to youself well I'll stand here for 12 hours a day selling sweets, but because I'm selling them in a poor area I'll price them so that I don't make any money out of the venture.

Dewpoint

Steve_xx wrote: »

I take your point about First Direct, not everyone will be entirely satisfied with any one institution for all of the time.

However, I disagree with your comment referring to banks working for their members as opposed to their shareholders. In this country it seems that we are often critical when a company makes a profit. Profit almost seems like a dirty word. Shareholders are the owners of a company and it is right that they are rewarded for risking their money in the way that they do. If you owned a sweet shop you'd want to sell as many sweets as possible and make as much profit from those sales as was possible. You wouldn't be thinking to youself well I'll stand here for 12 hours a day selling sweets, but because I'm selling them in a poor area I'll price them so that I don't make any money out of the venture.

I'm entirely happy with my mutual bank, and the profits they make go back to their members and improving the product, not to speculators who may not have any other connection to the business. I suspect MSE pushes FD because they get a healthy kick-back from the links and advertising. That for me devalues MSE and often makes me suspicious of their advice.

YorkshireBoy

Dewpoint wrote: »

I'm entirely happy with my mutual bank, and the profits they make go back to their members and improving the product, not to speculators who may not have any other connection to the business.

Which "mutual bank" is it please?