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  • FIRST POST
    southernscouser
    Should I Have A Financial Review With My Bank Manager?
    • #1
    • 29th Sep 06, 2:36 PM
    Should I Have A Financial Review With My Bank Manager? 29th Sep 06 at 2:36 PM
    Insert By Martin

    Don’t fall for the spiel of the new range of bank adverts offering financial reviews. Go in and you’ll effectively be met by a sales person, possibly incentivised to flog you products, likely to use fear based sales techniques. Banks also only offer their own, invariably uncompetitive products.

    What to do instead:

    Everything can be done better and cheaper yourself, use the free budget planner, get debt-help, give yourself a money makeover, or for protection, pension and investment help if you can’t do it yourself use an independent financial adviser

    If you want a financial review do it - but with a truck full of salt.

    Below is the original thread discussion started by Southern Scouser...
    ___________________________________________
    Basically I just want to go and humour him more than anything!

    The cashier was trying to 'sell' me a free review to see if they could do anything to help me. In other words I reckon they mean a loan! :rolleyes:

    But I would love to go in there and listen to how he could reduce my monthly payments in to one easily affordable one! Thats when I'd kick in about PPI, early repayment penalties, snowballing, minimum payments, DMP's, IVA's, bankruptcy, unlawful penalties, debt free dates and whatever else I've learnt on this site!




    Last edited by MSE Martin; 16-09-2008 at 8:09 PM.
Page 1
    • elantan
    • By elantan 29th Sep 06, 3:03 PM
    • 19,729 Posts
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    elantan
    • #2
    • 29th Sep 06, 3:03 PM
    • #2
    • 29th Sep 06, 3:03 PM
    i'd book the appointment straight away if it was me ..i'd even tease him by pretending i was interested in taking out a loan and playing stupid about p.p.i but asking would it cover this that etc.. then when he thinks he has you in his clutches pull the rug form under his/her feet....if i had a day off of school and work this would be on my top 5 things to do ...have fun i know you will..i've done this type of thing so many times with r.c.i gives me a laugh
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
    • lynzpower
    • By lynzpower 29th Sep 06, 3:07 PM
    • 24,746 Posts
    • 39,940 Thanks
    lynzpower
    • #3
    • 29th Sep 06, 3:07 PM
    • #3
    • 29th Sep 06, 3:07 PM
    depends who your bank is- if its A&L then you get £25 for a financial "review"
    Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast
  • dumpy
    • #4
    • 29th Sep 06, 3:08 PM
    • #4
    • 29th Sep 06, 3:08 PM
    I've done it, gone in and argued over all the things they said would benefit me. Why would I want to pay for my bank account?

    In the end I was giving the wee girl who took the interview a lesson in money management.

    Very enjoyable I must say if you have the spare time.
  • Broken hearted
    • #5
    • 29th Sep 06, 3:10 PM
    • #5
    • 29th Sep 06, 3:10 PM
    I'd settle in for a while look interested let them fetch you a nice cup of coffee.Finish you coffeee thank them and go home. Job done.
    Barclaycard 3800

    Nothing to do but hibernate till spring






    • elantan
    • By elantan 29th Sep 06, 5:44 PM
    • 19,729 Posts
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    elantan
    • #6
    • 29th Sep 06, 5:44 PM
    • #6
    • 29th Sep 06, 5:44 PM
    so what we wanna know ss is are you gonna do it?
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
  • southernscouser
    • #7
    • 29th Sep 06, 5:46 PM
    • #7
    • 29th Sep 06, 5:46 PM
    so what we wanna know ss is are you gonna do it?
    by elantan
    I am tempted! But it's a bit of hassle! Means I have to pay for parking and stuff like that!

    It would be quite funny to tell him I've reclaimed my bank charges!
    • elantan
    • By elantan 29th Sep 06, 5:49 PM
    • 19,729 Posts
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    elantan
    • #8
    • 29th Sep 06, 5:49 PM
    • #8
    • 29th Sep 06, 5:49 PM
    that would be worth the parking for me ..imagine their faces lol
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
    • msmicawber
    • By msmicawber 29th Sep 06, 5:54 PM
    • 1,926 Posts
    • 1,604 Thanks
    msmicawber
    • #9
    • 29th Sep 06, 5:54 PM
    • #9
    • 29th Sep 06, 5:54 PM
    Good way to start the interview, SS - ask him whether there's a form to fill in for your expenses, or whether he'll just pay them out of the petty cash!

    Seriously, though, you've paid off £9k debt in a year (and kept me and the rest of the site amused while you were at it) - what can he tell you about sorting out your finances?
    Debt at highest: 6,290.72 (14.2.1999)
    Debt free success date: 14.8.2006
  • Dolly Smith
    I had one and it was great - the lady was really nice and the fact that she could see on screen exactly what I spent my money on was good. She said 'well you're certainly not extravagant are you?!

    then I got a 15k to consolidate - whoops!

    paid off now though
    • savvy
    • By savvy 29th Sep 06, 6:23 PM
    • 29,879 Posts
    • 45,564 Thanks
    savvy
    LOL pay for parking??? Forget it then, if it was free FREE then yeah fair enough.................I had one and he refunded a bank charge which was well cool, then I told him he had the same surname as my original surname and he knocked me off another one!!
    Honorary Northern Bird bestowed by Anselm

    I'm a Board Guide and volunteer to help get your forum questions answered and keep the forum running smoothly on Special Occasions, Green/Ethical, Motoring/Overseas/UK Travel & Flood boards, it's not part of my role to deal with reportable posts. Report inappropriate or illegal posts to forumteam@moneysavingexpert.com. Views are MINE & not official MSE ones

  • archived user
    I'm having on next weekend, from A + L, not even used the account yet, but I figured I may as well go and get them to fill all my overdraught forms and get stuff transferred. I ain't takin ANY loan / Additions style account off them though. That lesson has been well and truely learnt.

    Especially as Barclays (aka money thieves are us ) just put up the additions premium by 1.50!
  • homersimpson
    The cashier was trying to 'sell' me a free review to see if they could do anything to help me. In other words I reckon they mean a loan!
    go there if you think it's worth you while- listen to what they have to say and then take the stuff home and have a good hard think about it. be aware lots of financial institutions are tied and try to sell you products from specific providers. you seem to know how to avoid the pitfalls- sometimes financial institutions do actually save people money (e.g. savings account where better rate of interest- lots of people open account, forget about and find account is paying a pittence in interest- rates change all the time). if it will cost in petrol ask for an interview over phone- could be opportunity to extend overdraft etc- make sure bank calls you and pays for call!
    Last edited by homersimpson; 29-09-2006 at 7:44 PM.
  • southernscouser
    go there if you think it's worth you while- listen to what they have to say and then take the stuff home and have a good hard think about it. be aware lots of financial institutions are tied and try to sell you products from specific providers. you seem to know how to avoid the pitfalls- sometimes financial institutions do actually save people money (e.g. savings account where better rate of interest- lots of people open account, forget about and find account is paying a pittence in interest- rates change all the time). if it will cost in petrol ask for an interview over phone- could be opportunity to extend overdraft etc- make sure bank calls you back and pays for call!
    by homersimpson
    But they charge me for my overdraft and I don't have any savings!

    I think the cashier is on comission for getting people in. She looked new. Not seen her before and ordered a paying in book and she didn't really know what she was doing. I reckon she was flirting with me though! She phoned me later in the day to tell me she had ordered it for me!
    • savvy
    • By savvy 29th Sep 06, 7:47 PM
    • 29,879 Posts
    • 45,564 Thanks
    savvy
    I reckon she was flirting with me though!
    by southernscouser
    LMAO well it worked for me with the young graduate bank manager!!!
    Honorary Northern Bird bestowed by Anselm

    I'm a Board Guide and volunteer to help get your forum questions answered and keep the forum running smoothly on Special Occasions, Green/Ethical, Motoring/Overseas/UK Travel & Flood boards, it's not part of my role to deal with reportable posts. Report inappropriate or illegal posts to forumteam@moneysavingexpert.com. Views are MINE & not official MSE ones

    • elantan
    • By elantan 29th Sep 06, 8:08 PM
    • 19,729 Posts
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    elantan
    ss you think everyone is flirting with you :rolleyes: ...maybe that's cause we are ..do you have a stalker monitor yet?
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
  • southernscouser
    ss you think everyone is flirting with you :rolleyes: ...maybe that's cause we are ..do you have a stalker monitor yet?
    by elantan
    I've got CCTV hooked up coz it was costing me a fortune replacing me underwear off the washing line! :rolleyes:
    • elantan
    • By elantan 29th Sep 06, 8:18 PM
    • 19,729 Posts
    • 53,100 Thanks
    elantan
    so are you tighty whiteys or boxers ss? and for your spuds do you need the xlarge lol
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
  • southernscouser
    so are you tighty whiteys or boxers ss? and for your spuds do you need the xlarge lol
    by elantan
    You should know. I've got footage of you pinching them!
    • elantan
    • By elantan 29th Sep 06, 8:25 PM
    • 19,729 Posts
    • 53,100 Thanks
    elantan
    darn thought i had erased that copy....
    march 2011-july2019 8 years and 4 months ... or 100 months and counting
    "what would you do if you knew you couldn't fail.... enjoy the adventure" " to my own self be true"
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