Prepaid Card/bank account EXTRA DIRECT

brimau_2

:j Hello everyone! Thought this may be of use. I got sent a flyer today through the post regarding Extra Direct (here is the link to the website) http://www.extradirect.com/Default.aspx Its looks like a prepaid card with banking facilities. Might be useful for any of you struggling to get an account with debit card etc. Flyer states No Credit Checks :j

philnicandamy

for starters £12.50 a month charge for the priveledge of having an account though :eek:
(interesting though its natwest..one of the many bankrupt unfreindly banks)

Waspeze

Quite expensive to open as well !

How much does Extra Direct cost?
For just £12.50 per month you get a fully managed bank account that allows you to manage your finances easily and hassle free. You’ll get your own online account management centre and access to our account management team who are just a phone call away to answer any queries you may have. You also get the added convenience of a Prepaid MasterCard card, so you can use it to shop or withdraw money at home or abroad.
With Extra Direct there's no risk of incurring charges or going overdrawn accidentally. If there are insufficient funds in your Billing Account to cover a standing order that you have set up, we will notify you by text 7 working days in advance. If there is still insufficient funds to pay the bill 2 working days before it is due to be paid, we will text you again and notify you that we have stopped the payment. That text message will cost you £1, and £0.50 of that will be given to charity. There is also a one off account opening charge of £49.95 (£54.95 for a joint account) which will be taken from your first deposit into the account.

blind-as-a-bat_2

Hmmm another bank launched something like this 8 or nine months ago, think it was RBS.

Wasnt impressed then either, its just a money making racket as far as i can see

But thanks for the thought brimau:D

fermi

The Extra Direct prepaid Mastercard® card is issued by Newcastle Building Society pursuant to licence by Mastercard International Incorporated.

So that is the same people who operate the thinkbanking account. Which is nearly as expensive. :rolleyes:

The think banking card is issued by Newcastle Building Society pursuant to licence by MasterCard International Incorporated or its affiliates.

brimau_2

I myself use Cashplus. I just thought that we need to offer all possible info (positive and negative) to everyone on this site. :-)

Gettinghelp

oooh i got that through my door today! its gone straight into my recycling bin! lol i was lucky enough to get a co-op and barclays accounts!

wesley4

I have to agree; WHAT A RACKET! These guys think that it is some kind of privilege for us to bank with them. No interest on deposits either.

They also have the 'cajones' to say that signing up will mean an end to bank charges. . .

Unbelievable.

Rant over:D

Rylynn

NOt even got there yet, but banks on the make.. no ta.. and I bank with Nat West post IVA as per instructions.. they wont want me post BR so they can go and swing.. CO-OP here I come.. I hope.. if not.. expect tears from me... I can say since the IVA at least once a week I get a letter.. "WE can give you a better deal" bin bin bin for me.. out there in out lovely seas.. we have sharks.. as you can now all see.. and none of them are in wet suits..

Waspeze

I don't disagree and actually have a prepay card myself.. I was just pointing out in that post you've quoted that having to pay £49.95 just to get one was too expensive in my eyes

There are some good deals out there and they are very handy for some people.

Br0ok5y

I got the Extra Direct information sheet included in the junk received from the 'Bankruptcy Fund Limited' just after I had got bankrupt.

£50 set up and £12.50 a month? Just for the 'privilege' of a bank account?

No Thanks