Coop packaged bank account

Nebulous2

I looked hard for a packaged bank account, struggled to get one that suited, and eventually settled on the Coop.

I've just had an email to say that they are reducing the cost to £12 a month from £18, and they've increased the family coverage for mobile phones.

They've also removed currency conversion charges for debit cards - I presume only on the packaged account.

So all-in-all a decent upgrade - the competition must have been getting to them….

gt94sss2

The removal of the currency conversion charges for debit cards applies to all Co-op bank accounts, not just packaged ones

badger09

https://forums.moneysavingexpert.com/discussion/6674320/coop-packaged-bank-account

Hmmm

We have a joint Nationwide FlexPlus account mainly for the Travel Insurance. Mid/late 70s couple with pre existing medical conditions. We renewed our upgrade a couple of weeks ago but I’ll check for comparison as that’s quite a saving.

Maybe Nationwide will follow suit if swathes of its ageing customers switch to Co-op🤞🏻

Middle_of_the_Road

Not sure if I've read it right, but it sounds like only the account holder is covered unless you open a joint account.

Nebulous2

https://forums.moneysavingexpert.com/discussion/comment/82052880#Comment_82052880

Packaged bank accounts all have gotchas, its important to check the cover available and make sure it covers what you need. We opened a joint account, which is the same price and covers us both.

Even with a single account, spouses/ partners are covered for travel insurance if travelling with you.

Breakdown cover requires the policyholder to be travelling in it, but covers any vehicle, which is usually more expensive than a single vehicle policy. The big bonus for me here is that it covers Europe as well as UK.

Phone cover has just been extended to cover family members - staying at the same address. I've never claimed on phone insurance, and don't really value it, but it is thrown in.

The package was saving me around £400 a year for travel and breakdown cover - before the price drop.