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    • eskbanker
    • By eskbanker 11th Aug 18, 9:49 AM
    • 7,816 Posts
    • 8,629 Thanks
    eskbanker
    My bank has just blocked my credit card and removed my credit line. Had it years and never missed a beat. I want to close the account now so they can shove it. However i cannot even open a basic account with anyone else at the moment and I applied maybe 7 or 8 times which has clearly spooked my credit file.
    Originally posted by money08
    Is there some sort of CIFAS fraud marker against you perhaps? It's unusual not to be able to open any sort of basic account, so apart from checking all three of your credit files you might also wish to establish if CIFAS have anything on you, via https://www.cifas.org.uk/contact-us/subject-access-request. Did your bank give you 60 days notice of their plan to withdraw facilities or was it immediate suspension/termination?

    I need a prepaid card into which my benefits can be paid and which can do at least standing orders, but maybe DDs too. Zero fees if possible and obviously reliable and trustworthy. Any ideas?

    Another issue I have is I get a small regular payment (in s) from USA but for this I need and IBAN and Swift code for my account but it would seems prepaids dont do this, so any ideas who would?
    Originally posted by money08
    Sorry, I don't know of any such cards that are that close to being a fully-functional bank account.

    My idea is to eliminate my address and previous credit file connections as I am moving soon. So get a prepaid card at my new address that has no connections to previous accounts because I wont be taking any with me. Build up a credit file again paying the various bills like water etc and then open a bank account 6 mths or more down the line without dragging all my old baggage around with me. My current file shows addresses going back over a decade!!
    Originally posted by money08
    I'd forget any notion of being able to reinvent yourself in that way - any applications for credit (including utilities) will typically ask for previous addresses over three years, so, unless you plan on acting fraudulently by deliberately omitting facts, you'll have to keep the continuity going.
    • money08
    • By money08 11th Aug 18, 11:02 AM
    • 13 Posts
    • 12 Thanks
    money08
    Is there some sort of CIFAS fraud marker against you perhaps? It's unusual not to be able to open any sort of basic account, so apart from checking all three of your credit files you might also wish to establish if CIFAS have anything on you, via https://www.cifas.org.uk/contact-us/subject-access-request. Did your bank give you 60 days notice of their plan to withdraw facilities or was it immediate suspension/termination?




    Sorry, I don't know of any such cards that are that close to being a fully-functional bank account.

    I'd forget any notion of being able to reinvent yourself in that way - any applications for credit (including utilities) will typically ask for previous addresses over three years, so, unless you plan on acting fraudulently by deliberately omitting facts, you'll have to keep the continuity going.
    Originally posted by eskbanker
    No they have done it before as well in a seemingly random fashion. I use the card all the time as well so its hardly dormant. No CIFAS issues.


    If neccessary I will just say I lived abroad, which i have done now and again, or just wait the three years but using a prepaid card. I hate the banks anyway and how we have become chained to them and get nothing for our savings etc. Tragic we cant just use cash these days and to hell with them.
    • eDicky
    • By eDicky 12th Aug 18, 5:22 AM
    • 3,688 Posts
    • 1,846 Thanks
    eDicky
    No they have done it before as well in a seemingly random fashion. I use the card all the time as well so its hardly dormant. No CIFAS issues.
    Originally posted by money08
    There's a possible solution for your incoming USD payments, but I hesitate because you are likely to run into problems if you cannot identify and explain the behaviour that now prevents you from even opening any basic bank account.

    Meanwhile there's Loot : https://loot.io
    Or Cashplus - there may still be a link to get it without monthly fees on moneysupermarket.com
    • Anthorn
    • By Anthorn 12th Aug 18, 10:03 AM
    • 3,811 Posts
    • 984 Thanks
    Anthorn
    I need a prepaid card into which my benefits can be paid and which can do at least standing orders, but maybe DDs too. Zero fees if possible and obviously reliable and trustworthy. Any ideas?
    Originally posted by money08
    Several prepaid cards are about as close as it gets to a full current account with an account number and sort code, standing orders and direct debits but not for free and fees vary. As an example try Monese and The Change Account. The latter is described as a transactional account and the main difference from a savings or deposit account is that all funds are regarded as liquid/cash, about the same as a current account. Be sure to read the fees table. Others to try are Cashplus, Acorn, Eccount.
    http://www.monese.com
    https://www.thechangeaccount.com


    Just to note that the last savings account which also allowed standing orders and direct debits, the Coventry Building Society MoneyManager account has closed down. So virtually the only alternative is a basic bank account and that's what you should try first.
    Last edited by Anthorn; 12-08-2018 at 10:49 AM.
    • money08
    • By money08 12th Aug 18, 3:41 PM
    • 13 Posts
    • 12 Thanks
    money08
    There's a possible solution for your incoming USD payments, but I hesitate because you are likely to run into problems if you cannot identify and explain the behaviour that now prevents you from even opening any basic bank account.

    Meanwhile there's Loot : https://loot.io
    Or Cashplus - there may still be a link to get it without monthly fees on moneysupermarket.com
    Originally posted by eDicky


    Loot looks well dodgy and I don't want an app based account(is the Loot paper still going?)


    I don't get the US payments in dollars they come in s. Its not a problem as long as the prepaid cards provide an IBAN/Swift facility.
    • money08
    • By money08 12th Aug 18, 3:52 PM
    • 13 Posts
    • 12 Thanks
    money08
    Several prepaid cards are about as close as it gets to a full current account with an account number and sort code, standing orders and direct debits but not for free and fees vary. As an example try Monese and The Change Account. The latter is described as a transactional account and the main difference from a savings or deposit account is that all funds are regarded as liquid/cash, about the same as a current account. Be sure to read the fees table. Others to try are Cashplus, Acorn, Eccount.
    http://www.monese.com
    https://www.thechangeaccount.com
    Originally posted by Anthorn

    That CHANGEACCOUNT looks good though I wonder if anyone has actually been using it or monese etc with success? and more importantly without issues because your money or transactions don't seem very safe if there are any disputes. I wonder how they will do DDs but not SOs?
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