Bank account safety?

meer53

My daughter had a current account with Natwest at 11, she had a debit card too. It's called an Adapt Account.

https://personal.natwest.com/personal/current-accounts/adapt_account.html

Tallaght

18cc wrote: »

PS NatWest are inherently insecure - they let you log on to internet banking using your long debit card number !!!!!!. No point keeping your internet banking username secure then - might as well publish it on facebook.

Natwest also send a pass code to a mobile after logging-in.

Ben8282

Tallaght wrote: »

Natwest also send a pass code to a mobile after logging-in.

Really? Never experienced this.

Tallaght

Ben8282 wrote: »

Really? Never experienced this.

I check my bank account every day due to business and it has always been the same.

Tallaght

Site is going down typo

Ben8282

Tallaght wrote: »

I check my bank account every day due to business and it has always been the same.

Always been the same? Since when?

Ben8282

meer53 wrote: »

My daughter had a current account with Natwest at 11, she had a debit card too. It's called an Adapt Account.

https://personal.natwest.com/personal/current-accounts/adapt_account.html

Yes but OP's account was opened 14 years ago. They are 26 now and a graduate, but still have this same account.

sazaccount

I suggest having a google on sharia compliant savings accounts (I'm sorry if I have assumed the wrong religious reason) however these do not pay interest on savings so which ever religious reason it is for not wanting interest these maybe suitable. Which money seemed to have a comprehensive overview on these types of savings accounts.

This will be a lot safer than having 30k sat in a current account (still not perfect but nowhere is to be fair)! just think of how easy it is to get bank/card details from skimming a card at an ATM to what you input when buying online.

xylophone

Do you need to keep £30,000 in your current account?

Had you considered a sharia compliant savings account?

https://moneyfacts.co.uk/savings-accounts/guides/sharia-compliant-savings-accounts/

Ergates

Ben8282 wrote: »

Yes but OP's account was opened 14 years ago. They are 26 now and a graduate, but still have this same account.

Again - there are children's accounts that will migrate to a full account on the child's 16th birthday (or there abouts). So a children's account was opened 14 years ago, with all the normal restrictions/benefits of a childrens account. Then at some point it became a normal current account, with the all the restrictions/benefits of a normal current account.

This migration may happen automatically, or may require the customer to ask for it. The customer may or may not be provided with a new account number. You can argue whether or not it's actually the same account (especially if a new SCAN is given), but from the customers perspective it's the same account as they didn't move the money themselves.