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Best Joint Account for income of less than 2k p/m?

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Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
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    I don't think you can find a bank that doesn't charge you for this. Switching will not change anything.
    Don't you have agreed overdraft limit? There is no charge for using agreed overdraft - only interest. And if you were overdrawn accidentally why the charge is £50(£100)?

    http://www.alliance-leicester.co.uk/currentaccounts/index.asp?page=all-rates&RateTable=home
    Monthly unauthorised overdraft charge
    Day 1 No charge
    Day 2 £25 charge
    Day 3 No charge
    Day 4 No charge
    Day 5 £25 charge
    These conditions are very 'soft'.
  • tinalives
    tinalives Posts: 903 Forumite
    Part of the Furniture Combo Breaker
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  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    tinalives wrote:
    ...when I went to do a transfer it did not alert me that there weren't sufficient funds...
    Even if they could allert you this time, generally they cannot protect you from being overdrawn because some transactions can be delayd by retailers. The only way to be safe in your situation (no agreed overdraft and balance close to zero) is to have your own basic 'accounting' - manually or with Excel. The other option is to build a 'safety cushion' - not to bank near zero balance.
  • tinalives
    tinalives Posts: 903 Forumite
    Part of the Furniture Combo Breaker
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  • grumbler
    grumbler Posts: 58,629 Forumite
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    I fully understand your frustration now, but I still think it is better just to bite the bullet. All banks and BSs are the same with very small differences when it comes to fees and charges.

    Does anybody know any exceptions?

    You did not explain why A&L wouldn't give you an account with an overdraft. Only if you have a chance to get agreed overdraft elswhere it is worth thinking about switching.
  • tinalives
    tinalives Posts: 903 Forumite
    Part of the Furniture Combo Breaker
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  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Very strange. Only their basic accounts don't have overdraft facility. Even simple Current Account has it with the same reate for authorised and unauthorised overdrafts, but £5 monthly authorised overdraft fee though (still smaller than £25+). If they refuse to give you agreed limit I think it is really worth thinking about some other bank. I think most of them will offer this to you if you have regular monthly income. I like Nationwide. Cahoot gives £250 fee-free and interest-free limit to everybody accepted.
  • tinalives
    tinalives Posts: 903 Forumite
    Part of the Furniture Combo Breaker
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  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've never heard that joint account requires higher income that single one :confused:. I like Nationwide for very good online banking. This is my main account with all DDs and SOs. I do everything online. As a result I visit branch very rarely - only to deposit cheques (and even this I usually do via their ATM) - and cannot say anything bad or good about their CS. Never had any problems with telephone helpline. Their e-savings account always has competitive interest rate, now 5%. And, I think you know, their cards are the best for using abroad.
  • tinalives
    tinalives Posts: 903 Forumite
    Part of the Furniture Combo Breaker
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