Best second account for emergencies?

DCFC79

nicetomeetyou said:

badger09 

@nicetomeetyou
If you tell us why you want a bank with a local branch, perhaps we can help. What exactly do you want to do in a branch?

I would like a branch in town so I can make withdrawals in person over the counter. I'm very bad at budgeting and overspend if I use my debit card. I would like to go to bank with my support staff and withdraw the money every Thursday I need for the week. I then can give my bank card back to staff member and the card be kept at the main office so I don't overspend.

All well and good giving the card to staff member who keeps it in the office but your not meant to let the card leave your sight, where is it exactly kept ?
What if the office is broken into, the card is taken and a spending spree is put on the card ?

Would you not be better off with a bank who gives its customers to lock the card ?
Halifax have the option, Monzo and Starling also have this option but they are only app based with no branches.

colsten

nicetomeetyou said:https://www.moneysavingexpert.com/credit-cards/prepaid-cards/

badger09 

@nicetomeetyou
If you tell us why you want a bank with a local branch, perhaps we can help. What exactly do you want to do in a branch?

I would like a branch in town so I can make withdrawals in person over the counter. I'm very bad at budgeting and overspend if I use my debit card. I would like to go to bank with my support staff and withdraw the money every Thursday I need for the week. I then can give my bank card back to staff member and the card be kept at the main office so I don't overspend.

You don't need a counter to withdraw cash, as it can all be done through an ATM. Banks are encouraging their customers more and more to use machines for cash withdrawals, especially if it's small amounts.

Also, with the Covid-19 crisis, most shops are encouraging their customers to use contactless card payments in preference to cash. If you want a card that has a set limit, you could have a look at something like a pre-paid card. Or may be you could use a PINGIT device, linked to a PINGIT jar that you fill with whatever your maximum spend money is. I think PINGIT also do a card (linked to a jar) if you prefer a card. PINGIT is a free service from Barclays and works with any current account.

nicetomeetyou

	Amount (£)
Monthly Income (after tax). £590 personal allowance from appointee.
Partner's Monthly Income £0
Benefits. £0
Other Income (e.g. maintenance payments)	££0

Enter your monthly expenditure

	Amount (£)
Mortgage payment (from secured debt table below)	£0
Secured/HP loans (from secured debt table below)	£0
Rent	£0 paid fully with housing benefit
Management Charge (e.g. on leasehold property)	£0
Council Tax	£0 On the severe mental impairment register
Electricity	£0 Paid direct from Appointee
Gas	£0 Paid direct from Appointee
Oil	£0
Water Rates	£0 Paid direct from Appointee
Telephone (land line)	£0 Paid direct from Appointee
Mobile Phone	£47
TV Licence	£0 Paid direct from Appointee
Satellite/Cable TV	£0 Paid direct from Appointee
Internet Services	£0 Paid direct from Appointee
Groceries etc.	£140
Clothing	£0 Appointee gives me money when needed
Petrol/Diesel	£0
Road Tax (car)	£0
Car Insurance (including breakdown cover)	£0
Car Maintenance (including MOT)	£0
Car Parking	£0
Other Travel	£0 Got concessionary bus travel
Childcare/Nursery	£0
Other child related expenses	£0
Medical (prescriptions, dentists, opticians etc.)	£0 Paid direct from appointee
Pet Insurance/Vet bills	£0
Building Insurance	£0
Contents Insurance	£0
Life Assurance	£0
Other Insurance	£13 monthly account fee for phone Insurance
Presents (birthday, christmas etc.)	£10
Haircuts	£10
Entertainment	£100
Holiday	£100
Household Emergency Fund (e.g. for repairs)	£0

Enter SECURED debts and Hire Purchase (HP) debts

Enter ALL your mortgage, secured and HP debt details here.

Debt description	Debt (£)	Monthly payment (£)	Annual Rate (%)
Mortgage
Secured debt
Hire Purchase (HP)

Enter your UNsecured Debts e.g. credit cards

Debt description	Debt (£)	Min Pay (£)	Annual Rate (%)

Enter the value of your assets

Asset	Value (£)
Cash.   0ver £5000 in savings in appointee account at social services.
House value (gross)
Shares & bonds
Car(s)
Other assets (e.g. endowments, jewellery)

Additional Information

Optional information, but very useful for anyone reviewing your SOA.

Number of adults in household. 1
Number of children in household. 0
Number of cars owned. 0

Enter your UNsecured Debts e.g. credit cards

Debt description	Debt (£)	Min Pay (£)	Annual Rate (%)
Like Loans - Debt -  £1010 Monthly payments £92.83

Summary of Monthly Income, expense and surplus

Total monthly income: £590

Expenses (incl. HP & secured debts): £410

Available for debt repayments: £180

Unsecured debt repayments: £92.83

Surplus (shortfall if negative) £87.17

Personal Balance Sheet Summary

Assets: £

Secured & HP Debt £ £0

Unsecured Debt £ 1010

Net Assets £ - 1010

 

Willing2Learn

@nicetomeetyou

You seem to be in control of your spending.  I am not sure why you are saying that there is a monthly overspend.  Your income and expenses (including debt repayments) all balance out. 


Edit: Oh sorry.  Just looked again and you have a small negative balance.  But it should be relatively straightforward to get things balancing.  Maybe your social worker can take a look at your SOA.  They'd be best placed to advise you. 

nicetomeetyou

DCFC79 said:

All well and good giving the card to staff member who keeps it in the office but your not meant to let the card leave your sight, where is it exactly kept ?
What if the office is broken into, the card is taken and a spending spree is put on the card ?

Would you not be better off with a bank who gives its customers to lock the card ?
Halifax have the option, Monzo and Starling also have this option but they are only app based with no branches.

The people I live with also have disabilities, they keep their cards in the office, There is a member of staff on sight all the time, the office is on a fob so locked when not in use, we each have our individual filing cabinet draw which our folders in it, that is also locked.

I would like the main office to look after my bank card, they are happy to do this, they will keep the card in their safe and give it me every Thursday.

I would like to do this because I am rubbish with money and people asked to borrow money off me all the time and I'm not able to say no and we have another person move into my shared supported living house and he takes drugs so is constantly asking for money and when I've had alcohol I'm a pleasing person... I haven't told my staff I give him money for drugs but my community nurse nows.. Since I ripped my card up two weeks ago he hasn't asked so I feel I would be better off just withdrawing the money I need from either cash machine or over the counter as this will lession me give money away and purchasing excess alcohol... I already have a appointee at county hall social services so down as having limited capacity especially when I have a decline in my mental health.

Willing2Learn

@nicetomeetyou

You need to tell the staff what is happening.  Then they can support you.  They need to know that you are always being asked for money you haven't got, so that your flat-share friends can buy alcohol and drugs.  It is not fair on you.  What did the community nurse say when you told them?

nicetomeetyou

Willing2Learn said:

@nicetomeetyou

You need to tell the staff what is happening.  Then they can support you.  They need to know that you are always being asked for money you haven't got, so that your flat-share friends can buy alcohol and drugs.  It is not fair on you.  What did the community nurse say when you told them?

He told me if it continues he'll have to put a safeguarding in but I don't want that to happen as I don't want my PA lowering. I am trying to find better ways to sort this out myself... I am also worried about the reaction I would get off this person he if knows I told staff about him (they already know he takes drugs) I'm just worried about having my money stopped...

badger09

Ok, so basically you want to restrict your access to cash for various reasons. 

You don't need to go to a physical bank branch in town to do that. Your support worker can still look after your card and go with you, either to the nearest ATM or to possibly to a Post Office as many banks will let you draw cash out of your account using your card at a Post Office.