Do basic bank accounts report to credit agencies

bazzyb

Anthorn wrote: »

In theory since there is no credit with the basic bank account the bank(s) should not report to the CRAs nor do a hard credit search. However I know that sometimes they do and sometimes they don't. So I suppose that it's a matter of pot luck and might also be due to the bank(s) making a mistake in reporting to the CRAs.

There's no pot luck involved - all basic current accounts will be reported to CRAs.

Anthorn

EarthBoy wrote: »

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.

But it doesn't say that there are no fees for unauthorised overdrafts. In any case you are admitting that Barclays Bank allows unauthorised overdrafts

ValiantSon wrote: »

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.

But you have not shown that there are no unauthorised overdrafts and Barclays Bank does not say there are no fees for unauthorised overdraft. In fact as with Earthboy you are admitting that unauthorised overdrafts are allowed and Barclays Bank have published fees for that which is linked on the page I linked.

It appears that both of you are assuming there are no fees for unauthorised overdrafts while at the same time being unable to produce evidence of that.

As I keep on saying, if there is a fees table there must be fees, pure and simple.

If you can produce evidence that what you say is true by all means post it and I will be delighted to consider it. Otherwise back to the topic of discussion.

ValiantSon

Anthorn wrote: »

But it doesn't say that there are no fees for unauthorised overdrafts. In any case you are admitting that Barclays Bank allows unauthorised overdrafts

Where did I admit that? They do allow unauthorised overdrafts for some types of account, but not for their basic account.

Anthorn wrote: »

But you have not shown that there are no unauthorised overdrafts and Barclays Bank does not say there are no fees for unauthorised overdraft. In fact as with Earthboy you are admitting that unauthorised overdrafts are allowed and Barclays Bank have published fees for that which is linked on the page I linked.

There are unauthorised overdrafts on other types of accounts. Neither of us ever disputed that.

Anthorn wrote: »

It appears that both of you are assuming there are no fees for unauthorised overdrafts while at the same time being unable to produce evidence of that.

As I keep on saying, if there is a fees table there must be fees, pure and simple.

If you can produce evidence that what you say is true by all means post it and I will be delighted to consider it. Otherwise back to the topic of discussion.

I did provide evidence. You are the one who hasn't and it was you who made the allegation in the first place.

You are asking us to prove a negative. That isn't possible. In the absence of evidence to support your point the correct conclusion is that you are wrong.

You are just wrong. The document is very clear. Furthermore, it was you who said that they do charge these fees so the ball is still in your court to find an account where there is evidence to show that this is true. If you do then I will be glad to accept it, but at present, you haven't and , therefore, your case is unproven.

I can see that this is going to go the same way as every other time you dispute something: you are shown to be wrong and you continue to insist that you are right.

EarthBoy

Anthorn wrote: »

But it doesn't say that there are no fees for unauthorised overdrafts. In any case you are admitting that Barclays Bank allows unauthorised overdrafts

I'm not admitting that at all. Which of my words lead you to deduce that? I don't actually know whether they allow unauthorised overdrafts or not, I just know of no evidence that they charge for them (if they exist).

Anthorn wrote: »

It appears that both of you are assuming there are no fees for unauthorised overdrafts while at the same time being unable to produce evidence of that.

And you haven't been able to produce any evidence that there are fees for unauthorised overdrafts on Barclays Basic Current Account.

Anthorn wrote: »

Barclays Bank does not say there are no fees for unauthorised overdraft.

They don't say that you won't get a free hamper from Fortnum and Mason with every new account either. A lack of evidence for something should surely imply that it doesn't exist. It's up to you to prove the existence of something, not for us to prove the negative.

Anthorn wrote: »

As I keep on saying, if there is a fees table there must be fees, pure and simple.

Of course there are fees, I said there were, but none are mentioned for unauthorised overdrafts.

SnowTiger

Anthorn wrote: »

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.

You post a lot of duff information here; then continue to stand by it even after it's been shown you're wrong.

Take the recent Metro Bank thread as an example. One of the board guides closed the thread after you continued to defend an indefensible point of view.

Let's take a gander at the link you gave us.

It's specifically mentioned three times on that pages that overdrafts are not available on a Barclays Basic account:

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

Overdrafts and cheque books are not available with the Barclays Basic Current Account.

Let's see what the government says about basic bank accounts:

Fees and charges

The structure set out by HM Treasury and committed to by the main providers of Basic Bank Accounts is as follows:

• A Basic Bank Account will be provided with no charge for;
  • The standard features provided they are transacted in Sterling
  • An unpaid payment
  • An overdrawn balance
    

EarthBoy

Anthorn wrote: »

But you have not shown that there are no unauthorised overdrafts and Barclays Bank does not say there are no fees for unauthorised overdraft.

Actually, if you read Barclays and you -Terms and conditions for personal customers... page 44 Additional terms and conditions for the Barclays Basic Current Account you'll find the evidence you're looking for:

There is no overdraft or Emergency Borrowing on this account. If you do go overdrawn, you must pay the money back immediately. We do not charge for overdrawn balances or returned payments.

https://www.barclays.co.uk/content/dam/documents/personal/site-hygiene/9910542_01_18.pdf

ValiantSon

EarthBoy wrote: »

Actually, if you read Barclays and you -Terms and conditions for personal customers... page 44 Additional terms and conditions for the Barclays Basic Current Account you'll find the evidence you're looking for:

There is no overdraft or Emergency Borrowing on this account. If you do go overdrawn, you must pay the money back immediately. We do not charge for overdrawn balances or returned payments.

https://www.barclays.co.uk/content/dam/documents/personal/site-hygiene/9910542_01_18.pdf

Anthorn, it wasn't necessary for EarthBoy to go to those lengths because it had already been proven that you were incorrect, but I hope that you will now publicly acknowledge that error and apologise for presenting things as "facts" that were not, and had been shown not be.

Anthorn

Just a rehash of the previous posts which I have already answered exhaustively. But my own questions have gone unanswered which is basically if there are no fees why is there a fees table? Conversely if there is a fees table there must be fees. Nowhere that I can see is any statement by Barclays Bank that the Account Fees and Charges published on the Basic Bank Account information page do not apply to their basic Bank Account. But I suppose in that case it would be a waste of time publishing the Account Fees and Charges on the Basic bank Account page.

Also nowhere that I can see does Barclays Bank expressly say "no fees". In contrast this is what Virgin Money says of its essential Current Account:

No overdraft which means no overdraft fees to worry about.
No charge for unpaid Direct Debits or standing orders.

Lastly the Basic Bank Account provision relates to "standard operations" and failed payments removing the need for customers to run up an unintended overdraft. It does not cover overdrafts which are unauthorised but nevertheless allowed by the bank:

The Payment Accounts Regulations 2015 require the 9 largest personal current account (PCA) providers to offer basic bank accounts that are fee-free for standard operations, including a failed payment, removing the risk that customers run up unintended overdrafts.

https://www.gov.uk/government/publications/basic-bank-accounts-july-2016-to-june-2017

ValiantSon

Anthorn wrote: »

Just a rehash of the previous posts which I have already answered exhaustively. But my own questions have gone unanswered which is basically if there are no fees why is there a fees table? Conversely if there is a fees table there must be fees. Nowhere that I can see is any statement by Barclays Bank that the Account Fees and Charges published on the Basic Bank Account information page do not apply to their basic Bank Account. But I suppose in that case it would be a waste of time publishing the Account Fees and Charges on the Basic bank Account page.

Also nowhere that I can see does Barclays Bank expressly say "no fees".

EarthBoy has posted a link to a document where it does say exactly that!

And yet you continue to argue because you just cannot ever admit that you are wrong! This is exactly what I predicted would happen in post #24.

I also knew that you wouldn't apologise (for either of the things you have said and done in this thread for which you owe people, including me, an apology).

There is no point discussing things with people like you because you aren't open to learning anything, but rather will insist that you are always right. Can your ego really be that fragile?

Anthorn

EarthBoy wrote: »

Actually, if you read Barclays and you -Terms and conditions for personal customers... page 44 Additional terms and conditions for the Barclays Basic Current Account you'll find the evidence you're looking for:

There is no overdraft or Emergency Borrowing on this account. If you do go overdrawn, you must pay the money back immediately. We do not charge for overdrawn balances or returned payments.

https://www.barclays.co.uk/content/dam/documents/personal/site-hygiene/9910542_01_18.pdf

So therefore there is no overdraft but you can still go overdrawn and it has to be paid back immediately. For a start that's contradictory and doesn't make sense and what happens if it's not paid back immediately? They close the account or charge interest and fees?