If I take out a thinkbanking account,

[Harry Wake]

If I take out a thinkbanking account, can I be absolutely certain there would be no danger of "setting off" by Santander? (I owe a tidy sum on my Capital One card.)

[kallis3]

Hi and welcome to the forum.

You should have no problem at all with Thinkbanking.

[Skippy]

As far as I know Think Banking are nothing to do with Santander, but are backed by RBS.

[Adam Davies]

Hi
Your money will be 100% safe
Regards

[Shining]

Hi Harry and welcome to the forum, hope the above reassures you and if you've any more questions/concerns remember where we are x

[sjbyron]

Hi
Think banking is a seperate entity to RBS and is run by the Thinkmoney group, you will be fine using them as the right of offset wouldnt apply with debts with the Santander group or the RBS Group

Best of Luck

[Harry Wake]

Thank you all very much for your prompt, kind and useful replies.

I am afraid that I framed my question without putting my brain fully into gear - late at night, after a day of running around taking brochures from high-street banks.

While glad to hear no problem with Santander, my real worry in the case of thinkbaking was actually my TESCO Platinum card - but I see from Wikipedia that Tesco bought out RBS's share of Tesco bank a few years ago.

Without going into a list of all my creditors, is it really safe to assume that thinkbanking is 'bomb-proof' against fall-out from *ALL* credit cards, store cards and overdrafts?

Sorry to labour the point, but the more I research thinkbanking, the more it seems such a brilliant preliminary to iva that I am terrified it could prove too good to be true.

Hi
Think banking is a seperate entity to RBS and is run by the Thinkmoney group, you will be fine using them as the right of offset wouldnt apply with debts with the Santander group or the RBS Group

Best of Luck

[kallis3]

You will be fine with Thinkbanking, but another paid for account is Secure Trust Banking.

They are not affiliated with anyone as far as I am aware.

[Skippy]

As Jan says you'll be fine with Think or Secure Trust but to be honest I would only used these accounts as a last resort if I couldn't get free banking.

[plasticdaft]

Totally agree Skippy,I am more than happy with my co op account and will only start to pay for a bank account when I have no choice!!!

[kallis3]

I wouldn't have one either unless I had no choice.

[sjbyron]

You are perfectly safe with ThinkBanking it is a good account if you feel that you need help with money management and/or your creditors feel you do and / or you need to prove to creditors that you are taking active steps to manage money better

Best Of Luck

[kallis3]

I would only have one of those as a last resort.

I manage my money quite well now (for the first time in years) and know to the last penny what is in the account and what has to go out and when.

I doubt the creditors are interested in what bank account you use.

[Jan01]

I am with Think Banking as I owed money to Co-op and other High Street Banks wouldn't touch us. They have been great. I have never had a problem using the debit card except at Co-op cash machines for some reason which is a shame as that is the only machine in the village but can get cash back in the co-op shop so not really a issue. I have always found the staff to polite and helpful again the only issue is 0845 number and the monthly charge. However there is good in line banking and DD SO can be set and change or cancelled form there and a free text message service. So all in all not a bad account if you are unable to get a free one.

Jan

[Skippy]

Think Banking etc are great if you can't get a bank account anywhere else, and I know that some people can't. For anyone who can get a free account I would say do that instead, and keep track of what you spend.

I really don't see why creditors would be interested in which bank account you have, providing that you don't bank with a creditor.