Woolwich is scrapping passbooks because they are part of Barclays

[BaileysMilkshake]

Myself and Dh bank with Barclays and are happy with the service. But we opened DD(3) a Woolwich kids account because we like the idea of a passbook, where she could see her account balance growing - which we hoped would encourage her to save rather than spend pocket money as she grows. However got a letter the other day from Woolwich who basically said as they increase their ties with Barclays they will no longer be updating passbooks - although they will still be a recognised form of ID! My daughter will now get a quarterly statement instead!

I am so cross - what a stupid idea, I went to Woolwich because I think a passbook for childrens accounts is much better that monthly statments - but apparently the banks feel this is not the case. Just wondered what everyone elses thoughts on this were.

Can see you logic on the passbook. Why don't you move her account to a new bank that does offer passbooks?

Message withdrawn

Thanks Yorkiegirl - we only have a few banks in our little town, but luckily Nationwide is one of them. Am going in to change her account later this week I think!

Cannot believe there was no sort of questionnaire to customers about such a change. How is a child suposed to get excited about a quarterly statement - where as putting in a couple of pund every week or so can be seen mounting up in a passbook - so shortsighted of such a big bank!

BUMP

Closed the Woolwich acount this afternoon - and was asked why by the cashier - when I explained that a quartlery statement would not help me teach a young child the value of saving a little every week/month etc, he nodded sadly and said I was not the only one to have closed an account for this reason, and the changes had all happened because of barclays ownership.

Went along the High Street and opened another account straight away with Nationwide, who are a building society - add interest twice a year and have merged with the Portman - also another building society - so hopefully I can be confident that DD can retain her passbook until she is 11 when she can opt for a card instead if she wants.

No advice but having seen your nickname I'm going to have to go and make one. Plenty of ice, natch.