Alliance and Leciester a/c ?

whowantsin

Hi all

this is my first post so apologies if i have not asked question in correct forum.

i'm in the process of joining a/l prem current a/c and i have a few questions to cover plz .

firstly it does say it requires £ 500 a month in the a/c to avoid £5 monthly charge can i just deposit £500 for example and then take the money out the next day again so i avoid the charge ?

secondly once i join can i downgrade my account to a current account as i would just prefer a visa electron card and the fact you don't have to deposit £500 every month ? is this possible any1 know plz help ?

thanks:rotfl:

phildamb

whowantsin wrote: »

Hi all

this is my first post so apologies if i have not asked question in correct forum.

i'm in the process of joining a/l prem current a/c and i have a few questions to cover plz .

firstly it does say it requires £ 500 a month in the a/c to avoid £5 monthly charge can i just deposit £500 for example and then take the money out the next day again so i avoid the charge ?

secondly once i join can i downgrade my account to a current account as i would just prefer a visa electron card and the fact you don't have to deposit £500 every month ? is this possible any1 know plz help ?

thanks:rotfl:

Sounds like a better idea would be to call A&L and ask them to downgrade your application. Dont see the point in moveing £500 about so much. Especially when you are looking at around 4-5 days between moves.

whowantsin

forgot to mention i already have got the account now,, what i meant would be to pop in to a branch and deposit 500 and take the money out the next day would this be ok ?

if i change my account just to a current account do i get a visa electron card with it ?

whowantsin

Anyone able to answer my post below thanks ?

forgot to mention i already have got the account now,, what i meant would be to pop in to a branch and deposit 500 and take the money out the next day would this be ok ?

if i change my account just to a current account do i get a visa electron card with it ?

PROLIANT

A&L dont issue Visa Electron anymore, they issue full Visa Debit either with or without Cheque gaurantee and floor limit.

whowantsin

PROLIANT wrote: »

A&L dont issue Visa Electron anymore, they issue full Visa Debit either with or without Cheque gaurantee and floor limit.

so i am able to downgrade to a current account i currently have a premier current which requires 500 a month funding proliant ?

PROLIANT

whowantsin wrote: »

so i am able to downgrade to a current account i currently have a premier current which requires 500 a month funding proliant ?

No, the A&L current accounts require a minimum of £500/month deposit, but you can transfer it then withdraw it if you see what I mean.

whowantsin

u mean deposit 500 and take it out the next day every month to avoid the charge ?5 pound underfunding fee proliant ?

PROLIANT

whowantsin wrote: »

u mean deposit 500 and take it out the next day every month to avoid the charge ?5 pound underfunding fee proliant ?

Yes, but you may wish to note that A&L report to all three credit reference agensies, but unlike most banks they dont record status [0] instead they put status unrecorded, so it doesn't do much for your credit rating. It not bad but it isnt good either.

Tori_Bellatrix

PROLIANT wrote: »

Yes, but you may wish to note that A&L report to all three credit reference agensies, but unlike most banks they dont record status [0] instead they put status unrecorded, so it doesn't do much for your credit rating. It not bad but it isnt good either.

My A&L account reports little green zero's ...

PROLIANT

Tori_Bellatrix wrote: »

My A&L account reports little green zero's ...

Really? How long you had your account hinney?