Co-operative Bank

SaverRate

Has anyone had any issues opening a cashminder account at Co-operative Bank? I applied about 3 weeks ago but still haven't heard! I only applied for it because it was the only bank that didnt do a hard credit check as I will switch it to Natwest for the switching offer

BrownTrout

Slow when I opened one years ago !

MalMonroe

I opened a Cashminder account years ago and didn't have any trouble. Now my finances have improved, I've switched to a Nationwide flex account. Cooperative were really stingy and wouldn't let me have a contactless debit card once my finances improved! So I left.

P.S. If you want to switch because you are having financial troubles, you may not be eligible for the Natwest switching offer. I learned that when I was having difficulties, and have yet to be accepted for one of those switches! (That could be just me, but most banks do seem to have quite strict criteria.)

SaverRate

MalMonroe said:

I opened a Cashminder account years ago and didn't have any trouble. Now my finances have improved, I've switched to a Nationwide flex account. Cooperative were really stingy and wouldn't let me have a contactless debit card once my finances improved! So I left.

P.S. If you want to switch because you are having financial troubles, you may not be eligible for the Natwest switching offer. I learned that when I was having difficulties, and have yet to be accepted for one of those switches! (That could be just me, but most banks do seem to have quite strict criteria.)

Thank you, luckily I don’t have any financial issues, I simply opened that account because it didn’t leave a hard credit check on my file 

penners324

A new account with a bank you currently have an account with won't leave a hard search either. Nor will Monzo or Starling.

PRAISETHESUN

penners324 said:

A new account with a bank you currently have an account with won't leave a hard search either. Nor will Monzo or Starling.

That's not always true - most banks will credit check you when you open a current account, even if you already hold an account with them. I can't think of an instance where I've opened a second account and haven't had a hard search...

[Deleted User]

MalMonroe said:

I opened a Cashminder account years ago and didn't have any trouble. Now my finances have improved, I've switched to a Nationwide flex account. Cooperative were really stingy and wouldn't let me have a contactless debit card once my finances improved! So I left.

P.S. If you want to switch because you are having financial troubles, you may not be eligible for the Natwest switching offer. I learned that when I was having difficulties, and have yet to be accepted for one of those switches! (That could be just me, but most banks do seem to have quite strict criteria.)

They've just made a business decision not to upgrade Cashminder accounts generally - you could have still used Google Pay or Apple Pay for contactless. 

whitesmith

or maybe get a curve card and link your card to it - would that work (not sure if curve supports cashminder accounts)?

Alex9384

PRAISETHESUN said:

That's not always true - most banks will credit check you when you open a current account, even if you already hold an account with them. I can't think of an instance where I've opened a second account and haven't had a hard search...

Halifax.
You can also apply for a credit card with them and they won't search you if you already have a current account with them. Probably the same applies for Lloyds and BoS as they use the same system.

Alex9384

HarryDavies01 said:

Has anyone had any issues opening a cashminder account at Co-operative Bank? I applied about 3 weeks ago but still haven't heard! I only applied for it because it was the only bank that didnt do a hard credit check as I will switch it to Natwest for the switching offer

Just open Starling and Monzo  and you'll have 2 spare accounts.
They only do ID checks, no hard searches (unless you also apply for overdraft).