Do basic bank accounts report to credit agencies

System

Anthorn wrote: »

Exactleeeee !

But basic bank accounts should not have overdrafts but they do. They also have arm and a leg overdraft fees unless the bank specifically states no overdraft fees, for example Virgin Money Essential Current Account.

No wonder that prepaid bank accounts and cards with the promise of no overdraft and no overdraft fees are still alive and kicking !

Still peddling this rubbish about basic accounts Anthorn :eek:

All new basic account accounts have no fees for authorised overdrafts or other standard services. If you do it too often they may close the account or remove the Direct Debit functionality though.

Anthorn

Heng_Leng wrote: »

Still peddling this rubbish about basic accounts Anthorn :eek:

All new basic account accounts have no fees for authorised overdrafts or other standard services. If you do it too often they may close the account or remove the Direct Debit functionality though.

It's facts.

No fees for authorised overdrafts but what about unauthorised overdrafts?

Why would they close your account if you do too many authorised overdrafts which presumably the bank has authorised. That's the nature of authorised overdrafts.

What you quote as accounts being closed is related to prepaid cards which close accounts due to bounced direct debits and/or standing orders where there is insufficient balance.

Now Hang Len, in consideration of the above who is peddling rubbish? You or I?

ValiantSon

Anthorn wrote: »

It's facts.

No fees for authorised overdrafts but what about unauthorised overdrafts?

Why would they close your account if you do too many authorised overdrafts which presumably the bank has authorised. That's the nature of authorised overdrafts.

What you quote as accounts being closed is related to prepaid cards which close accounts due to bounced direct debits and/or standing orders where there is insufficient balance.

Now Hang Len, in consideration of the above who is peddling rubbish? You or I?

Can you post details of, and links to terms and conditions, showing basic bank accounts that are charging fees?

Anthorn

ValiantSon wrote: »

Can you post details of, and links to terms and conditions, showing basic bank accounts that are charging fees?

You could really have done this for yourself.

Here you go, Barclays Basic Bank Account
https://www.barclays.co.uk/current-accounts/basic-account/
According to the fees structure personal account fees apply to the Barclays Basic Bank Account.

Typical of most banks' basic bank accounts Barclays state "no overdraft". But if there are fees stated in the T&Cs of a basic bank account or indeed a prepaid account or card then there are fees, pure and simple, regardless of what the bank may say.

You can find others for yourself. There is more than one.

Just a quick reminder that in the last debate with me you abandoned reasonable discussion and instead posted unreasonable personal attacks. I do hope you are not going to repeat that.

ValiantSon

Anthorn wrote: »

You could really have done this for yourself.

You made the claim, so it is beholden upon you to prove it. I don't have to prove your point: you do.

Anthorn wrote: »

Here you go, Barclays Basic Bank Account
https://www.barclays.co.uk/current-accounts/basic-account/
According to the fees structure personal account fees apply to the Barclays Basic Bank Account.

If there are fees stated in the T&Cs of a basic bank account then there are fees, pure and simple.

You can find others for yourself. There is more than one.

Your attitude aside (it is your claim that is the case so you have to prove it), the information you linked to very clearly says,

"Avoid overdraft fees and debt"

"What isn't included
An overdraft - so you'll need to have enough money in your account before making payments"

"If a Direct Debit or standing order is due and there isn!!!8217;t enough money in your account, we!!!8217;ll stop the payment."

Furthermore, in the Barclays Tariff for Personal Customers document https://www.barclays.co.uk/content/dam/documents/personal/current-accounts/BAR_9913194_08-02-2018.pdf (which forms part of the terms and conditions) it also states,

"If you are over 18, you can ask to borrow money through your current account as an overdraft and Emergency Borrowing. An overdraft allows you to borrow up to an arranged limit when there!!!8217;s no money in your account, and Emergency Borrowing is an extra agreed amount to help you cover unexpected emergencies. There are no arranged overdraft or Emergency Borrowing facilities available on Barclays Basic Current Accounts, BarclayPlus Accounts
and our Young Persons!!!8217; Accounts. "

"Unpaid Transaction Fee

This fee does not apply to Barclays Basic Current Account,"

Pleas also refer to the guide to basic bank accounts on MSE https://www.moneysavingexpert.com/banking/basic-bank-accounts. This also reiterates the point where it says,

"Because you can't go overdrawn, you need to make sure you have enough money in the account to meet any payments. There's no fee from the banks for this,"

Unfortunately for you, the Barclays Basic Bank Account doesn't charge the fees you claim that it does. Perhaps you would like to try again, or concede that you are in error.

Anthorn wrote: »

Just a quick reminder that in the last debate with me you abandoned reasonable discussion and instead posted unreasonable personal attacks. I do hope you are not going to repeat that.

Just a quick reminder that in the last debate with me you abandoned reasonable discussion when you refused to accept the evidence that was presented to you as it didn't fit with your narrow prejudices and preconceptions. I do hope you are not going to repeat that.

Oh, and I didn't, by the way, that was actually another of the people who got fed up with trying to show you how wrong you were. Feel free to apologise for making incorrect allegations.

Anthorn

ValiantSon wrote: »

You made the claim, so it is beholden upon you to prove it. I don't have to prove your point: you do.



Your attitude aside (it is your claim that is the case so you have to prove it), the information you linked to very clearly says,

"Avoid overdraft fees and debt"

"What isn't included
An overdraft - so you'll need to have enough money in your account before making payments"

"If a Direct Debit or standing order is due and there isn!!!8217;t enough money in your account, we!!!8217;ll stop the payment."

Furthermore, in the Barclays Tariff for Personal Customers document https://www.barclays.co.uk/content/dam/documents/personal/current-accounts/BAR_9913194_08-02-2018.pdf (which forms part of the terms and conditions) it also states,

"If you are over 18, you can ask to borrow money through your current account as an overdraft and Emergency Borrowing. An overdraft allows you to borrow up to an arranged limit when there!!!8217;s no money in your account, and Emergency Borrowing is an extra agreed amount to help you cover unexpected emergencies. There are no arranged overdraft or Emergency Borrowing facilities available on Barclays Basic Current Accounts, BarclayPlus Accounts
and our Young Persons!!!8217; Accounts. "

"Unpaid Transaction Fee

This fee does not apply to Barclays Basic Current Account,"

Pleas also refer to the guide to basic bank accounts on MSE https://www.moneysavingexpert.com/banking/basic-bank-accounts. This also reiterates the point where it says,

"Because you can't go overdrawn, you need to make sure you have enough money in the account to meet any payments. There's no fee from the banks for this,"

Unfortunately for you, the Barclays Basic Bank Account doesn't charge the fees you claim that it does. Perhaps you would like to try again, or concede that you are in error.



Just a quick reminder that in the last debate with me you abandoned reasonable discussion when you refused to accept the evidence that was presented to you as it didn't fit with your narrow prejudices and preconceptions. I do hope you are not going to repeat that.

Oh, and I didn't, by the way, that was actually another of the people who got fed up with trying to show you how wrong you were. Feel free to apologise for making incorrect allegations.

You could have saved yourself some time by reading the link I posted and understanding the information therein. What you have done is quoted Barclays advertising blurb and largely ignored everything else.

Ok there are no authorised overdrafts but what about unauthorised overdrafts? That was my original question in this thread which has not been answered. As I said if there is a fees table then there are fees, pure and simple. Conversely if there are no fees why would there be a fees table?

ValiantSon

Anthorn wrote: »

You could have saved yourself some time by reading the link I posted and understanding the information therein. What you have done is quoted Barclays advertising blurb and largely ignored everything else.

Ok there are no authorised overdrafts but what about unauthorised overdrafts? That was my original question in this thread which has not been answered. As I said if there is a fees table then there are fees, pure and simple. Conversely if there are no fees why would there be a fees table?

I did read the link - every single word of it. Did you?

There are no unauthorised overdrafts. Please read my post and the documents carefully.

The fees table is part of the generic information to all account holders and actually makes a point of excluding the Barclays Basic Bank Account.

EarthBoy

Anthorn wrote: »

As I said if there is a fees table then there are fees, pure and simple. Conversely if there are no fees why would there be a fees table?

There are fees for optional services and add-ons which the customer would need to request, e.g. Bankers drafts, or the Tech or Travel packs which Barclays allows you to add on to the Basic Current Account, but nowhere does it say there will be charges for unauthorised overdrafts on Basic Current Accounts.

Anthorn

ValiantSon wrote: »

I did read the link - every single word of it. Did you?

There are no unauthorised overdrafts. Please read my post and the documents carefully.

The fees table is part of the generic information to all account holders and actually makes a point of excluding the Barclays Basic Bank Account.

No. I ignored the advertising blurb and went to the nitty gritty of the fees. But I had to have read some of it in order to decide that it was advertising blurb.

The fact is that on a page describing the basic bank account there is a fees table so therefore there must be fees. Even if Barclays say those fees are part of the generic information for all accounts the fact remains that the generic information for all accounts including fees apply to the basic bank account.

ValiantSon

Anthorn wrote: »

No. I ignored the advertising blurb and went to the nitty gritty of the fees. But I had to have read some of it in order to decide that it was advertising blurb.

The fact is that on a page describing the basic bank account there is a fees table so therefore there must be fees. Even if Barclays say those fees are part of the generic information for all accounts the fact remains that the generic information for all accounts including fees apply to the basic bank account.

As I said, I read every word, so your attempt to dismiss my points is flawed.

I have shown you that there are no unauthorised overdraft fees. EarthBoy has further clarified what fees there could be (for account add-ons) and these don't include unauthorised overdrafts. I'm afraid that you are just in error about this. There is no shame in saying that you were wrong: try it some time.