Before entering my IVA I changed bank accounts ( as you do) and applied for a basic account with Natwest. Despite this they opened a current plus account, with visa debit card and cheque book ( but, thankfully, no overdraft facility and no cheque g'tee card).
In an effort to save a little I want to open one of their e-Saver accounts, but am worried that they will do another credit check (which I must have passed first time round) and it will no longer be quite so rosy. The result being they might decide to close the current account as I am no longer desirable (financially speaking, of course!).
Are they likely to carry out a credit cheque on an existing customer to open a basic savings account ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I'm with the Natwest too, but I only have their basic Step account. I want to open their savings account, just not got round to it yet. As far as I know just for a basic savings account they wouldnt do a credit check.
Well I hope not, otherwise I'm in trouble too!
I went into the branch last time, but can you open the savings account on-line do you know?
Hi salkitten, yes, I did see it online. It gives the impression of fast tracking online applications by existing customers.
It was the Step account I applied for .. but, as I say, they opened a current plus for me! I must admit it is handy being able to write a cheque now and then.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Foggy, I decided to just go for it and applied on-line.
I was accepted straight away, I'll recieve a welcome pack within 3 days.
No credit checks! And because I bank on-line with them, the application form is already filled in for you, you just have to pay in an initial £1.00 to open it!
Go for it! Good luck!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Foggy your first post could have been me, to the letter !!! We got the first plus account and cheque book and visa debit card, said no to overdraft.
We did actually open a joint savings account at the time but now I need to open an account tht I can put other savings in to. other being what we all talked about the other day being coins and housekeeping from month end.
Foggy and Sal let me know what happens, when your welcome pack arrives. I'll wait see what happens with yorus before I open an acc.
Question thou.......when putting money in, do you put it in to your normal account and then transfer it online to the e-savings.
From what I gather, Karin, yes, you transfer money online from one account to the other. But one of the questions they asked in the application was if your were going to make the initial deposit by transfer, cheque or cash, so I am guessing that we will be able to pay directly into the account as well.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Fingers crossed Foggy, I'm sure you will be fine.
leaKybrain will let you know when I get my welcome pack, but I agree with Foggy, you transfer money on-line between accounts, it sounds fairly straightforward.
We have joint Natwest current account with Visa Debit and cheque book but didn't want an overdraft, we opened about 14months ago before we entered into a DMP last month we decided to open an online saver account and got it - I had a phone call from customer services who said as I already bank with us it's "pre approved"
I checked on credit expert and no search was done and it's not listed anywhere on my file, I can only assume that if you bank with them it’s your for the asking!
Foggy it sounds like you get a paying in book as well then. i do wonder where the 'e' bit comes from as you pay in on a normal savings too...unless its because you don't get a card for the account and its just for putting money in. Wonder how you can get it back out or if its transfer again. Will look it up
Thans Kitten
Squid, thanks for that info, its nice to know when people have had good experience in sorting these things out.
