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

Advantages: everything you need to function normally in a financially dependant society
Disadvantages: none

...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...

dragonsurge 11.10.2009 · Read review
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Review of Co-operative Bank Accounts

Basic Bank Account for Pensioners

Advantages: Available to all
Disadvantages: Delays of epic proportions

...The basic bank account which the government is trying to persuade pensioners to take up rather than collecting pensions from the post office may be available to all without credit check - but unfortunately the Co-op Bank seems to be floundering hopelessly. I took an elderly relative in to a branch on 3 November 2003, with all the required identification and a completed application form. The ID was photocopied and we were told that the documentation would be forwarded to the relevant department and the account would be open in about 2 weeks. 3 weeks later, we rang the new account department, to be told that the 2 weeks had become 4 weeks. In early December we rang again - only to be told it could be up to 12 weeks before the account would be open - and that 12 weeks would be calculated from the date that the documentation was...

ashtonian 22.01.2004 · Read review
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Review of Co-operative Bank Accounts

Eggs...check, milk...check, bank account...?

Advantages: Simple to use, set up, 24 hour service.
Disadvantages: £250 maximum withdrawal, no branches.

...or annually basis. Those who have banked with Sainsbury?s for a while will note the drastic fall in the interest rates that once were at the top of the league tables but the rate is still competitive and is better than rivals such as Egg. The ATM cash-card I received is basic with no debit facility. This would probably be a disadvantage for many but for me it meant less ways to get to the cash and gave it more chance of still being in the account when the time came for paying for my holiday. With this card you can withdraw £250 a day, this is slightly annoying as I would possibly like it a bit higher especially as there are no branches to go into to get higher amounts. As you would expect with a basic savings account there are no charges incurred for withdrawals and the card can be used free of charge in Link cash machines, which I?ve never...

Benniash 12.08.2003 · Read review
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Review of Sainsburys Bank Accounts

The One Account

Advantages: Paying off your mortgage quickly and saving you thousands of pounds
Disadvantages: You need a lot of common sense and future vision to benefit from this account

...money?.or do you have savings??? Quite simply, if you have £10,000 of savings in the bank that you like to have access to but save it and don't spend it, then you will technically make more money by paying it off your mortgage and reducing your interest than having it sat in a bank account. The Halifax etc brag about 5% interest on current accounts which in a normal world is very good, yet I get 6.5% on my savings TAX FREE as it is held in the form of a debt. I still have access to it as I please and when I want. I simply call the One Account and arrange to pick it up at my local Royal Bank of Scotland. As for the common sense approach to this account. You can take payment breaks when you like, take more money out on your house and buy a car, holiday or home improvements, as long as you pay the interest the One Account are happy. But I...

gazereth 15.05.2008 (28.10.2009) · Read review
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Review of Royal Bank of Scotland Accounts

Barclays Personal & Business Bank Accounts

Advantages: Efficient, Good Variety of products, Best offered Cash ISA 2 years running
Disadvantages: Try and sell you products that are not always beneficial to you.

...Although I have read a lot of negative reviews on Barclays - I personally have never had an issue or any problems with then that Barclays haven't dealt with in a professional manner. *I have both personal & business bank accounts with them. *I rarely have ever needed to go into branch unless I'm paying in cheques. *I bank on-line and in comparison with Lloyd's bank find Barclays on-line banking facilities meet all my needs. *Telephone banking is always efficient and I feel I get what I need done with ease. I dont recall waiting times but cant be too long for me to not recall. Yes sure all companies will try and promote their products to you in order to sell you something - But its down to you as a person to assess the pros and cons of a product. Its always in your best interest to choose the correct products for you and they...

BTreyo 18.04.2008 · Read review
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Review of Barclays Bank Accounts

Bank of Scotland for Students

Advantages: Biggest overdraft, branches are plentiful, great service
Disadvantages: Can't think of any!

...system you come out of the ordeal slightly happier than you were before - quite impressive for telephone banking I must say! Branches are plentiful (especially in Scotland), there are more branches of the Bank of Scotland in small towns than any other bank (in my experience) - Its the only bank on my University Campus (the University of Aberdeen), I wish I could say the adverts were good - but really I can't. They are irritating and degrading to its existing customers - not a reason to not go with them... but needs mentioned I feel. Interest Rates - nothing special here, I get 2.5% on my Student Current Account. Recently I saw an advert for 6.3% on desposits over £100,000 - not exactly applicable to me..but maybe it is to you. Overdrafts (Students) - Here are the overdrafts for the main banks, with any worthwile gifts Bank...

Diablo666 08.03.2008 (12.08.2008) · Read review
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Review of Bank of Scotland Accounts

Barclays Additions Plus Account

Advantages: Many, Including domestic and vehicle cover
Disadvantages: a bit difficult to access customer care from overseas

...Anybody was says barclays bank is not the best please check again. There customer service in my branch and online is excellent, i am sure that other branches must be somewhat the same or very close. My review is however not about the above which I must state again is excellent, it is however, about a specific account. Barclays Additions Plus http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?site=pfs&tas k=homefreegroup&value=12857 I started out with an normal Barclays account which served its purpose at the time. I came across the Barclays Plus account by speaking to an in branch adviser and immediately realized it was the one for me I have not looked back since. The benefits I am now receiving through the Barclays Plus account are phenomenal. Listen, I get family travel insurance (Even including multi...

gary345 12.10.2007 · Read review
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Review of Barclays Bank Accounts

COFFEE WITH YOUR CURRENT ACCOUNT MADAM

Advantages: Pleasant local staff
Disadvantages: Too big, too impersonal and uncaring

...I'm sure you'll all know the feeling. You have been with your current bank for so long that you can't be bothered to move elsewhere. It would be such a bother moving over all your bills and informing people of the change etc., etc., well this is exactly how I felt for many years, but now let me tell you an incredible story and you can decide whether or not you want to take heed of my warning. My account with Barclays Bank was opened way back in the early 70s when I was saving to get married. I remained with the Central Liverpool Branch because it was next door to my place of work and I continued saving until I became pregnant. By this time I had accumulated a small nest egg (or so I thought) which I could use to purchase a pram, cot, baby clothes etc., Nearing the end of my pregnancy, I felt secure enough to purchase...

ANNJSEC 19.02.2001 · Read review
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Review of Barclays Bank Accounts

A good bank account

Advantages: Very large range of products, friendly staff
Disadvantages: Can't think of any

...I opened a Midland (well it was then!) account when I started university 7 years ago, simply because they didn't fob you off with vouchers or a crappy walkman - they simply gave you £25. I'm easy to bribe you see ;o) Opening the student account was very easy, and in seven years I've not had a problem with the accuracy of statements or anything else for that matter (well, a new chequebook was late arriving once). When I graduated the account changed over automatically to a Graduate account (how do they think of these names?!), which had a £1000 interest free overdraft facility, so as to ease you out of student life! I find that cheques clear into my account very quickly, either from other HSBC accounts or those from other banks or building societies. Whenever I've telephoned the branch (well - it's a central service centre) they...

TantJane 22.12.2000 · Read review
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Review of HSBC Accounts

Choosing and Using student bank accounts

Advantages: Free overdraft facility, free gifts.
Disadvantages: Very low interest rates.

...I am going to give you some information regarding how to choose the right student bank account for you. I will also give you information regarding how to use it effectively and how to manage your money in general regarding banking and interest rates while you are a student. 1) Get a student account with a good overdraft facility. There are plenty of student bank accounts out there so shop around to get the best deal. Apply for one within the first month or so of joining Uni as they tend to do special offers, which do not carry on all year round. For example I got a HSBC Student Account and the special offer was £50 cash! The points to look for however are not the special offer primarily. You need to look first at what overdraft facilities there are e.g. is it free, how much is it, does this increase during your years of study...

student9824 27.02.2001 · Read review
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Review of Member Advice on Student bank accounts