Cashback Accounts and Old Accounts with Same Bank.

smalandcute

Wondering if any of the banking oracle's can help me.

I currently bank with Starling which my wages and benefits are paid into and I have a bills account with Lloyd's which my direct debit goes out of. There is no overdraft on either.

I like the Starling account, it's really easy to use. I am now trying to find a better account for my bills which I can hopefully earn some cash back on with my direct debits.

My credit score is not great although I do appreciate it is just a number. I previously had accounts with natwest and santander which defaulted on my files for 6 years but now both are off, although I don't believe the accounts are closed.

I have tried to apply for a first dire t account but its declined. I do see that natwest have a cashback account as well as santander. Is it worth trying to apply for these considering the old and potentially still open accounts although the debts are SB?

eskbanker

Statute barring simply means that they can't legally pursue you for the debt but it sounds like you still owe them the money, so it's unlikely they'd accept applications.

smalandcute

I thought that may be the case, I may look into the case account then. Just a shame its for spending only and not for bills.

SiliconChip

smalandcute said:

I thought that may be the case, I may look into the case account then. Just a shame its for spending only and not for bills.

Why not open a Chase account (which I assume is what you meant) and pay your bills with the debit card? It takes a bit more discipline than relying on a Direct Debit but it's not hard.

WillPS

SiliconChip said:

smalandcute said:

I thought that may be the case, I may look into the case account then. Just a shame its for spending only and not for bills.

Why not open a Chase account (which I assume is what you meant) and pay your bills with the debit card? It takes a bit more discipline than relying on a Direct Debit but it's not hard.

Probably won't get any cashback from Chase though, as those bills would probably fall under their extensive list of exclusions. Also some places charge/penalise not paying by Direct Debit, Virgin Media is one such example.

gary1312

smalandcute said:

Wondering if any of the banking oracle's can help me.

I currently bank with Starling which my wages and benefits are paid into and I have a bills account with Lloyd's which my direct debit goes out of. There is no overdraft on either.

I like the Starling account, it's really easy to use. I am now trying to find a better account for my bills which I can hopefully earn some cash back on with my direct debits.

My credit score is not great although I do appreciate it is just a number. I previously had accounts with natwest and santander which defaulted on my files for 6 years but now both are off, although I don't believe the accounts are closed.

I have tried to apply for a first dire t account but its declined. I do see that natwest have a cashback account as well as santander. Is it worth trying to apply for these considering the old and potentially still open accounts although the debts are SB?

My credit history is also not great and, like yourself, I've been knocked back in the past when applying for a HSBC account. I have however been accepted by both Santander and NatWest/RBS and they're both fine. I currently bank with RBS because I prefer their accounts but would recommend Santander also, depending on which account would benefit you more.