Co-operative Bank Accounts

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Co-operative Bank Accounts

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80% positive

12 reviews from the community

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Review of "Co-operative Bank Accounts"

published 11/10/2009 | dragonsurge
Member since : 14/08/2007
Reviews : 31
Members who trust : 1
About me :
Excellent
Pro everything you need to function normally in a financially dependant society
Cons none
very helpful
Efficiency of service
Competitiveness of charges/rates
Staff courtesy
Promptness of service
Online - Content/organization of site

"Co-op Basic Bank Account - Poor to Bankrupt Credit History"

For a debt riddled society and banking systems that have been quite happy to fuel such a situation I can honestly say that the Co-op basic bank account is definitely one for those who would like to be in complete control of their money i.e those who do not want to or can not live on bank credit.

Most people are accepted including bankrupts

POSITIVES

No annual charges (the account is free), Visa electron card shop online & instore as well as withdraw cash at atms, pay money in via post, post office, at branches, set up direct debits & pay bills online, internet banking, great customer service, wages & benefits can be paid straight into account. Easy to apply online/phone/writing & quick set up time.

BEWARE

please note banking is free however if you do set up a direct debit for instance and the bank refuses to pay it due to insufficient funds you will be charged about £18 if this sort of thing happens approx. 3 times then the account will be closed so you do need to ensure that you always have enough funds to cover any outgoings.

OVERVIEW

This is a super little account and in todays society where pretty much everyone requires a bank account of sorts you could do a lot worse. If you need an account and you have a fairly bad credit history or even if you are a bankrupt then I would recommend applying for the co op basic account asap but do ensure that you run it properly otherwise the chances of getting another one are very slim and for a lot of people a bank account is a must and a necessary service just to get by day-day.

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This review was read 1956 times and was rated at
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Comments on this review

  • davidbuttery published 24/01/2010
    Maybe just a tad lacking in detail, but gives a reasonably good picture. Glad to see the Co-op living up to their stated values too.
  • hillhead published 22/01/2010
    Good useful info.
  • flyingllamas published 17/11/2009
    Useful concise review.
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Product Information : Co-operative Bank Accounts

Manufacturer's product description

Ciao

Listed on Ciao since: 19/06/2008