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Can I open savings account despite CIFAS marker?
MerrieWi
Posts: 3 Newbie
My 17 yr old son got into a dispute about something he sold and, despite having refunded the money to settle it has now acquired a CIFAS marker as the buyer complained to his bank. His bank account has been closed and he has been refused a new one. We are going through the CIFAS complaints process to challenge it but in the meantime he is desperate for an account for his wages to be paid. Has anybody had any success opening an instant access savings account for this purpose? If so, where? TIA
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Comments
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Wages can’t usually be paid into savings accounts, especially those paid by BACS.0
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Your son should be able to open a basic bank account with Monzo.
https://monzo.com/
Edit: And welcome to the forum I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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There are many savings accounts he can open which will accept wages
https://www.coventrybuildingsociety.co.uk/consumer/savings-accounts/easy-access.html
Also
https://www.ybs.co.uk/savings/easy-access/index.html
Both have a link cash card0 -
Thank you, that is so helpful!0
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