Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Below is a list of basic bank accounts available for people who need a parachute account, but who may struggle to open a 'regular' current account.
The details are in alphabetical order so one bank is not recommended over another.
For ease of reference, the only two which offer debit cards are Co-op (Electron Card) and NatWest (Solo Card). However, I have also included a list of their charges which may sway people who aren't too fussed about a debit card. [Please note charges can change so please check with the bank]
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £35 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Alliance & Leicester
Basic Cash Account
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Direct debits only Charge for unpaid direct debit: £34 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, some bad debts depending on individual circumstances.
Bank of Ireland
Basic Cash Account
(Only available in Northern Ireland and Eire)
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £38 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud, record of bad debts.
Bank of Scotland
Easycash
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £39 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Barclays
Cash Card Account
Minimum age to open an account: 18 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Direct debits only Charge for unpaid direct debit: £39 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Record of fraud.
Clydesdale
Cashmaster
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £35 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud, some bad debts.
Co-operative Bank
Cashminder
Minimum age to open an account: 18 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £19.50 Debit card (Solo or Electron): Yes If any of the following apply to you, your application may be declined: Record of fraud.
First Trust Bank
Basic Bank Account
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: £10 Direct debits and standing orders: Direct debits only Charge for unpaid direct debit: Under £35: £22.50; Over £35: £37.50 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud, record of bad debts.
Halifax
Easycash
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £39 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Minimum age to open an account: 18 Minimum amount to open an account: None Free buffer zone: £10 Direct debits and standing orders: Yes Charge for unpaid direct debit: No Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Minimum age to open an account: 18 (16-year-olds can open a similar account) Minimum amount to open an account: None Free buffer zone: £10 Direct debits and standing orders: Yes Charge for unpaid direct debit: No Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Nationwide Building Society
Flex Cash Card
Minimum age to open an account: 16 Minimum amount to open an account: £1 Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £30 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: History of fraud.
Natwest
Step Account
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £38 Debit card (Solo or Electron): Yes If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Northern Bank
Cashmaster - Basic
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £37.50 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarge bankrupt, record of fraud, record of bad debts.
The Royal Bank of Scotland
Key Account
Minimum age to open an account: 18 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £38 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarge bankrupt, record of fraud.
Ulster Bank
Basic Bank Account
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: Under £20: £35.00; Over £20: £37.50 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Yorkshire Bank
Readycash
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £35 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischargedbankrupt, record of fraud, record of bad debts.
Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice you must always consult a registered and insured lawyer.
"Some people say The Stig chews on spark plugs and drifts while walking. Some say he is terrified of ducks, and that there is an airport in Russia named after him. All we know is that he is really barracad from The Consumer Action Group" - Jeremy Clarkson (allegedly)
Below is a list of basic bank accounts available for people who need a parachute account, but who may struggle to open a 'regular' current account.
The details are in alphabetical order so one bank is not recommended over another.
For ease of reference, the only two which offer debit cards are Co-op (Electron Card) and NatWest (Solo Card). However, I have also included a list of their charges which may sway people who aren't too fussed about a debit card. [Please note charges can change so please check with the bank]
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £35 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Alliance & Leicester Basic Cash Account
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Direct debits only Charge for unpaid direct debit: £34 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, some bad debts depending on individual circumstances.
Bank of Ireland Basic Cash Account
(Only available in Northern Ireland and Eire)
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £38 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud, record of bad debts.
Bank of Scotland Easycash
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £39 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Barclays Cash Card Account
Minimum age to open an account: 18 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Direct debits only Charge for unpaid direct debit: £39 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Record of fraud.
Clydesdale Cashmaster
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £35 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud, some bad debts.
Co-operative Bank Cashminder
Minimum age to open an account: 18 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £19.50 Debit card (Solo or Electron): Yes If any of the following apply to you, your application may be declined: Record of fraud.
First Trust Bank Basic Bank Account
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: £10 Direct debits and standing orders: Direct debits only Charge for unpaid direct debit: Under £35: £22.50; Over £35: £37.50 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud, record of bad debts.
Halifax Easycash
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £39 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Minimum age to open an account: 18 Minimum amount to open an account: None Free buffer zone: £10 Direct debits and standing orders: Yes Charge for unpaid direct debit: No Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Minimum age to open an account: 18 (16-year-olds can open a similar account) Minimum amount to open an account: None Free buffer zone: £10 Direct debits and standing orders: Yes Charge for unpaid direct debit: No Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Nationwide Building Society Flex Cash Card
Minimum age to open an account: 16 Minimum amount to open an account: £1 Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £30 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: History of fraud.
Natwest Step Account
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £38 Debit card (Solo or Electron): Yes If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Northern Bank Cashmaster - Basic
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £37.50 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarge bankrupt, record of fraud, record of bad debts.
The Royal Bank of Scotland Key Account
Minimum age to open an account: 18 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £38 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarge bankrupt, record of fraud.
Ulster Bank Basic Bank Account
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: Under £20: £35.00; Over £20: £37.50 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischarged bankrupt, record of fraud.
Yorkshire Bank Readycash
Minimum age to open an account: 16 Minimum amount to open an account: None Free buffer zone: No Direct debits and standing orders: Yes Charge for unpaid direct debit: £35 Debit card (Solo or Electron): No If any of the following apply to you, your application may be declined: Undischargedbankrupt, record of fraud, record of bad debts.
I asked for a business account at Royal bank of Scotland - the bank account was refused, even that I have no debts, I work properly with my company and I work as a journalist and have no bankruptcy or other bad debts record except this HSBC.
If my advice has helped, please click on my scales. Thank you!
MBNA - CRA file to be cleared then finished!
_________________________ _________________
Abbey Personal - Final LBA 28/5/7 - then Court
_________________________ _________________
Capital One - Final LBA 28/5/7 - then Court
_________________________ _________________
GMAC - Sent DCA SAR 9th March 07 - confirmed not legally assigned.
Waiting for GMAC to provide breakdown of charges and CCA under s79
_________________________ _________________
Alliance & Leicester - Final LBA 28/5/7 - then Court.
I cant wait to start this ball rolling - I've looked at a number of posts and faqs - but who do i address the initial letter of request of information to? is it to my branch manager or RBS data controller?
I think you would get a better response if you posted in the section that covers the company you are claiming from. There are seperate boards for each bank. Here is a link to the template letters that you need. I am new here today so not too sure about much myself. I hope I helped you.
I cant wait to start this ball rolling - I've looked at a number of posts and faqs - but who do i address the initial letter of request of information to? is it to my branch manager or RBS data controller?
If you address it to the Data Controller/Data Processing Officer at his address as above, send it special d if you can (for tracking/signature) or at least recorded delivery.
If you start your own thread as soon as possible, you'll have support from members on here - all the way!
All the best
Perseus
If my advice has helped, please click on my scales. Thank you!
MBNA - CRA file to be cleared then finished!
_________________________ _________________
Abbey Personal - Final LBA 28/5/7 - then Court
_________________________ _________________
Capital One - Final LBA 28/5/7 - then Court
_________________________ _________________
GMAC - Sent DCA SAR 9th March 07 - confirmed not legally assigned.
Waiting for GMAC to provide breakdown of charges and CCA under s79
_________________________ _________________
Alliance & Leicester - Final LBA 28/5/7 - then Court.
Am new to all this and just finding my way around. Hope to speak some more later. Not well up on computers
Hi Lakefield,
Just take it easy, you'll find plenty of help here, novices to experts alike are getting great results from great helpers on this site.
If you start your own thread from the main page, and look for the company you are dealing with (Abbey/MBNA/Alliance & Leicester) etc, just click on the heading, and find the 'New Thread' button - and type away.
Any problems, just ask
Perseus
If my advice has helped, please click on my scales. Thank you!
MBNA - CRA file to be cleared then finished!
_________________________ _________________
Abbey Personal - Final LBA 28/5/7 - then Court
_________________________ _________________
Capital One - Final LBA 28/5/7 - then Court
_________________________ _________________
GMAC - Sent DCA SAR 9th March 07 - confirmed not legally assigned.
Waiting for GMAC to provide breakdown of charges and CCA under s79
_________________________ _________________
Alliance & Leicester - Final LBA 28/5/7 - then Court.
Depending on what your assessment of your credit rating is and using the list at the start of this thread - just call into a branch or apply online for 'another' account. The descriptions above will show what restrictions are around for people of lesser credit status. Natwest and Co-op are two that jump out for lesser credit but offer a debit card.
Once your new account is set up with/without a debit card, and you have arranged transfer of income and/or direct debits etc to the new one - you're good to go.
It is unusual to have an account closed because you are pursuing refund of charges etc - but it has happened. Alliance & Leicester have been pulled up and fined for doing just that, so it may have sent a warning to other banks not to!.
What ever your circumstances, if you need help just post here re this topic, or start your own thread for specific help, in the appropriate Bank section here http://www.consumeractiongroup.co.uk...group-against/ .
All the best
Perseus
If my advice has helped, please click on my scales. Thank you!
MBNA - CRA file to be cleared then finished!
_________________________ _________________
Abbey Personal - Final LBA 28/5/7 - then Court
_________________________ _________________
Capital One - Final LBA 28/5/7 - then Court
_________________________ _________________
GMAC - Sent DCA SAR 9th March 07 - confirmed not legally assigned.
Waiting for GMAC to provide breakdown of charges and CCA under s79
_________________________ _________________
Alliance & Leicester - Final LBA 28/5/7 - then Court.
I'm new to this also - so just saying hello and keep up the good work.
Regards,
Patrick
Hi Patrick
Wish you well in your pursuits, using this site.
Don't forget, start your own thread in which ever Bank Forum here http://www.consumeractiongroup.co.uk...group-against/ . You'll receive any help or advice needed.
All the best
Perseus
If my advice has helped, please click on my scales. Thank you!
MBNA - CRA file to be cleared then finished!
_________________________ _________________
Abbey Personal - Final LBA 28/5/7 - then Court
_________________________ _________________
Capital One - Final LBA 28/5/7 - then Court
_________________________ _________________
GMAC - Sent DCA SAR 9th March 07 - confirmed not legally assigned.
Waiting for GMAC to provide breakdown of charges and CCA under s79
_________________________ _________________
Alliance & Leicester - Final LBA 28/5/7 - then Court.
Hi,just joined the group,thanks to barracad for the list of accounts,have been getting more and more disgruntled with my bank for years and now I'm gonna start doing something about it.
If you can get hold of of a copy of yesterday's Daily Mirror (Sunday 25th) either from the newsagent or from their website, it gives detailed steps to follow,
Alternatively, there is a fully comprehensive step by step guide on how to reclaim your charges, with full guidance notes and assistance examples/templates etc here on the CAG website.
This should answer most/all of your questions, and if you should need any further help, start your own thread and ask a question - plenty of people will assist or try to answer any queries.
All the best
perseus
If my advice has helped, please click on my scales. Thank you!
MBNA - CRA file to be cleared then finished!
_________________________ _________________
Abbey Personal - Final LBA 28/5/7 - then Court
_________________________ _________________
Capital One - Final LBA 28/5/7 - then Court
_________________________ _________________
GMAC - Sent DCA SAR 9th March 07 - confirmed not legally assigned.
Waiting for GMAC to provide breakdown of charges and CCA under s79
_________________________ _________________
Alliance & Leicester - Final LBA 28/5/7 - then Court.
Obviously it is your choice.
In my opinion - reading a short set of instructions from the paper is informative but nowhere near as comprehensive, researched and supported as using the link I posted above.
There really is a wealth of knowledge, experience (first hand), case history, template letters, step-by-step guides with if, whens and why-fors here - and with just under 6000 people re-claiming just under £8million on this site alone - I think the figures speak for themselves.
All the best, and ask away if you need help!
Perseus
If my advice has helped, please click on my scales. Thank you!
MBNA - CRA file to be cleared then finished!
_________________________ _________________
Abbey Personal - Final LBA 28/5/7 - then Court
_________________________ _________________
Capital One - Final LBA 28/5/7 - then Court
_________________________ _________________
GMAC - Sent DCA SAR 9th March 07 - confirmed not legally assigned.
Waiting for GMAC to provide breakdown of charges and CCA under s79
_________________________ _________________
Alliance & Leicester - Final LBA 28/5/7 - then Court.
Hello by the way, I've never posted on this but I'm very excited by the prospect of getting my money back!
My concern is that I have a couple of bank accounts, some debt and a bit of a ropey credit rating so I'm worried that if I ask my bank for my charges and they close my account I won't find anyone to take on the rest of my overdraft. Do they pretty much always close accounts? These doubts are putting me off claiming from my main bank.
Do you need a parachute account?
, but who may struggle to open a 'regular' current account.
Reply With Quote
Re: Do you need a parachute account?
Originally Posted by barracad
