RBS to restrict Basic Bank Account access to ATMs

[mattyboy]

Meanwhile investment bankers take home record bonuses....

[kallis3]

mattyboy - there's nothing we can do about the bonuses so we just have to bite the bullet and carry on as we are.

I wouldn't be paying for an account though unless there was no other option. I have better things to spend the money on!!

[kazzafunk]

beresford - did you actually speak to the Co-op ? All their accounts on-line are not for IVA participants. YOu have to go into a branch or ring them and ask for a cashminder account (speaking from experience!!). When I opened my account I was open about going into an IVa and they said it was not an issue at all, neither is bankruptcy.

[kallis3]

You can't do a cashminder online - only on the phoneor in branch.

[beresford]

I only applied online which is probably why I was declined, although it was years ago when I was going through the initial process of applying for my IVA and it seemed to me that I was being declined a basic account from YBS and Co-op just because of my credit, which is rally unfair. There was a third mainstream bank account I applied for but can't remember who they were but they declined me too and that was an over the phone application. Was desperate and got in touch with Think as a last resort. Now glad I have an account with them. Like herbekj, I'll also be keeping my account via Thinkbanking when I complete IVA in November. I have a debit mastercard with them and am happy to pay monthly fee for service, a service which I never got with my basic bank account provider prior to signing up to IVA.

Herbekj, I don't think our RBS accounts via Thinkbanking will be affected by the restrictions set out in the the BBC news article.