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changing bank accounts
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Did a google and thesite.org came first :razz: so I thought I'd ask!
Going to change from baryclays additions to royal bank of scotland as they give you £2,750 interest free overdraft a year which might come in handy if I'm an impoverished student. But how do I handle all the direct debits and things like that?? So much of a headache
Going to change from baryclays additions to royal bank of scotland as they give you £2,750 interest free overdraft a year which might come in handy if I'm an impoverished student. But how do I handle all the direct debits and things like that?? So much of a headache
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Comments
They never used to give you that. The maximum used to be £2000 and that was only by the end of first year (ie year 1 - £1000, year 2 - £1250 etc etc) Make sure you double check this.
Also, just go into the bank, ask to speak to an advisor and explain what you need to do and they will tell you. I think a lot of things are done automatically by the bank. But they will need to advise.
Ask them wether they do an account transfer service, most of them do.
RBS limit is £2,500 - it's halifax/bank of scotland which is offering £2,750.
Luckily i'm with them already. :cool:
bank of scotland / royal bank of scotland
seriously confusing!! I just follow instructions from Martin Lewis :yes:
The Martin Lewis account is at Halifax/Bank of Scotland (HBOS), and not Royal Bank of Scotland/NatWest (RBS).
RBS and HBOS are two entirely separate banks.
Well they sound similar enough, thanks for the heads up
I wouldnt trust my money with them ever again though, they like to thorougly fuck you over and are the worst for complaints etc. Its your funeral though! I dont think they even offer any freebies to Students either.
All banks will rob you blind, the best thing to do is sue them for any overdraft charges- you will almost certainly win.
If Martin Lewis is recommending them they can't be all bad.
But do they actually check? I mean, they say either I need to pay in my student loan OR I need to make regular payments. Whats to stop me paying my student loan into that account, opening up one with barclays, paying regular payments into there, then bouncing them into a student account with RBS, then HSBC, etc. etc.
I know you *used* to be able to get away with it, as many people have told me about their ridiculous amounts of overdrafts. One of the teachers at my old college still had his student interest free overdraft as they never cancelled it.