Cash plus & APS financial - trusted banks?

Has anyone had any experience paying money into one of these accounts? My builder has given me account details to pay a deposit for a garden project but my Barclays banking app didn’t like the account her gave me: ‘the details couldn’t be verified’ In the end he gave me his personal bank details and I transferred the deposit into there no problem. 

He’s started the garden project and need another payment soon but I’m hesitant to use this account. What are your thoughts & experiences please? Is this an actual registered bank? I’ve looked up APS financial and the reviews aren’t good! 

Many thanks 

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    APS financila isn't a bank. It's a company providing a prepaid card - Cashplus.
    I think it's your builder who has to ask questions about this, not you. I guess for him it's a way of hiding his income from taxation.
  • Doozergirl
    Doozergirl Posts: 34,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 March 2021 at 7:10AM
    grumbler said:
    APS financila isn't a bank. It's a company providing a prepaid card - Cashplus.
    I think it's your builder who has to ask questions about this, not you. I guess for him it's a way of hiding his income from taxation.
    I don't think it's a taxation thing. Cash plus is a bank account mainly for people with poor credit.  People who can't get business accounts elsewhere.

    I'd bear that in mind when paying upfront for anything.  

    It's a legitimate bank.  It mightn't be part of the verification scheme. Handelsbanken weren't last time I had to make a payment, but they're fully legitimate.
     
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