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Find financial and money saving discussions including debt and pension chat on our Money forum.

Money matters

Can anyone recommend a basic bank account

12 replies

Hayls · 12/04/2007 10:45

I would like to open a basic bank account with switch card- no overdraft/ cheque book/ direct debit etc required as it's just for monthly household stuff. There wouldn't be a salary going into it, just a set amount from our joint account every month; this is an attempt to take control of our finances- it's all very well saying 'I must only spend £x on shopping and shoes this month' but when there's so much more in the account it's easy (for me anyway) to spend more! It would be so nice to save a bit more evry month and this is the only way I can think of separating the finances out- any other suggestions welcome!

It woudl also be so much easier if I could apply and bank online...

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nearlythere · 12/04/2007 10:48

co-operative bank do one- can't remember the name but dh has one for his bills etc- has a visa electron card which all payment facilities accept!

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charliecat · 12/04/2007 10:48

nationwide flexaccount. You do get cheque book and a card........BUT you can seperate your money into seperate pots, so GAS, ELECTRIC, CAR TAX. And you can see how much youve got for each pot. While its sitting in each pot...which is actually called e-savings its earning good interest.
All easy to see online, transfer between account etc.
You can apply online

www.nationwide.co.uk

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Hayls · 12/04/2007 10:54

That sounds good, might try it. Will they open an account for me even thought there won't be a salary paid in every month? I won't need that much, just household shopping, clothes and outings as bills etc will come out of joint account. I'm wary of applying and being turned down becaue (and I could be wrong) I think it affects your credit rating...

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charliecat · 12/04/2007 10:55

No they want your business, they wont know your not paying much into it. Mine had 367 paid into it a month and i spread it into 7 pots.
Then its removed as needed, no trouble at all

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nearlythere · 12/04/2007 10:55

not sure about the flex account but i know the co-op one doesn't credit check as its really an instant access savings account.

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Hayls · 12/04/2007 10:57

Interesting, thanks! I'm just off to check them out. I do have a salary of my own but only a few hours a week so I could pay that in and it would look like a regular salary if that was sticking point.

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Hayls · 12/04/2007 11:08

Will maybe try again later- looked at Nationwide and the first question they asked was about my employer and income! I might get dh to apply for another joint account with them but not actually pay his salary in there...getting far too confusing!

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charliecat · 12/04/2007 11:11

I said I was a SAHM and had an income of 10 grand Which may slip through my hands int he from of rent and food shopping and council tax, but is no way disposable income

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charliecat · 12/04/2007 11:11

in THE FORM or rent, sorry typing awful!

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maggymay · 12/04/2007 11:13

Have a look at the natwest step account sound simmilar to what your asking for

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Dinosaur · 12/04/2007 11:15

Cooperative Bank offer a good basic one.

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NannyL · 12/04/2007 18:48

please can i unreccomend barclays.

they are awful and unbeliavbly bad. I hate them and refuse to ever eneter a barclays branch again in my enote life