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Switching Advice

pridehappy
pridehappy Forumite Posts: 247
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in Budgeting & bank accounts
I’m recently extremely disappointed with the service from Lloyds Bank and was considering switching to NatWest for the £200 and the 6.17% saver (Lloyds declined me for the Club Lloyds Monthly Saver due to one maturing within the past 12 months). My Club Lloyds current account is also now just a secondary current account and I’ve already used my cinema vouchers, so I’ve not got much to use them for now.

It’s also turned into an excess account as I had to move away my main banking services due to Lloyds Bank not being able to provide a working debit card and slow payments (they couldn’t even give me a reason why!).

The only reason I’m hesitant is that my family have used Lloyds Bank for over around 120 years collectively and I’ve been using them for over 40, so I’m wondering what effect it would have on my credit score with such a longstanding account closing and if it would impact my Halifax credit card. Anyone any further advice?

Comments

  • Rob5342
    Rob5342 Forumite Posts: 909
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    You don't necessarily have to close it. You could get a burner account somewhere, immediately switch that to NatWest and then manually move things from Lloyds, keeping Lloyds open.

    Do you have any loans anywhere else, I'd have thought that would count more towards your credit report than having an ancient Lloyds account.

    It won't make any difference to the Halifax credit card
  • grumbler
    grumbler Forumite Posts: 57,780
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    pridehappy said:
    Lloyds declined me for the Club Lloyds Monthly Saver due to one maturing within the past 12 months
    This isn't a valid reason. Opening within the past 12 months is.

    We are born naked, wet and hungry...Then things get worse. :(

    .withdrawal, NOT withdrawel ..bear with me, NOT bare with me
    .definitely, NOT definately ......separate, NOT seperate
    should have, NOT should of     .....guaranteed, NOT guarenteed
  • pridehappy
    pridehappy Forumite Posts: 247
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    grumbler said:
    pridehappy said:
    Lloyds declined me for the Club Lloyds Monthly Saver due to one maturing within the past 12 months
    This isn't a valid reason. Opening within the past 12 months is.

    Did mention that, apparently only way to resolve even though it’s clearly wrong is a complaint which would take 8 days. 
  • ForumUser7
    ForumUser7 Forumite Posts: 1,971
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    pridehappy said:
    grumbler said:
    pridehappy said:
    Lloyds declined me for the Club Lloyds Monthly Saver due to one maturing within the past 12 months
    This isn't a valid reason. Opening within the past 12 months is.

    Did mention that, apparently only way to resolve even though it’s clearly wrong is a complaint which would take 8 days. 
    8 weeks right? Usually up to 56 days for non-payment services complaints
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • pridehappy
    pridehappy Forumite Posts: 247
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    According to Lloyds’ website.
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