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| | | | | | Welcome to the Consumer Forums Free advice and support to reclaim your bank charges or to solve other consumer problems.
Welcome. You have just joined the Consumer Forums. Come here and introduce yourself.
You will soon discover what a friendly place this is and get lots of hints about claiming your bank charges or dealing with other consumer rights. | Welcome to The Consumer Action Group
and
The Bank Action Group
Before beginning to claim your bank charges be sure to read the FAQ by clicking the link above. Read it carefully and also read as much of the forum material as you can manage before you start claiming your bank charges refund.
You will have to register before you can post or view the materials which may assist you in reclaiming your penalty charges: click the register link above to proceed.
To start viewing messages, select the forum that you want to visit from the selection below. Understand what you are doing and you will be able to Reclaim the Right more effectively.
Why don't you come and introduce yourself in the Welcome section at the top of the forum. Then have a look around the rest of it.
Do not post or start claiming until you have read the entire FAQ section and step by step guides and you have a good basic idea of what to do and of the layout of the forum.
Good luck claiming your bank charges. We strongly suggest that you register under a UserID and not your own name |  | | 
30th June 2006, 20:07
|
#1 (permalink)
| | Site Team |  Do you need a parachute account?
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]
Abbey
Basic 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: £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.
HSBC
Basic Bank Account
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.
Lloyds TSB
Basic Bank Account
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) www.unsubscribe-me.org www.LOVEstoke.org | 
|  | |
28th January 2007, 19:11
|
#2 (permalink)
| | Basic Account Customer |  Re: Do you need a parachute account?
Quote:
Originally Posted by barracad  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]
Abbey
Basic 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: £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.
HSBC
Basic Bank Account
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.
Lloyds TSB
Basic Bank Account
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. | |
| | |
31st January 2007, 14:45
|
#4 (permalink)
| | Gold Account Customer | Re: Do you need a parachute account?
Have you thought of checking your credit file?
This may reveal that you have something in your past credit agreements (personal) that may be stopping you? checkmyfile.com - Credit reference, Credit file, Credit score is worth a look (amongst others).
Hope this helps? | |
| | |
24th February 2007, 22:51
|
#9 (permalink)
| | Basic Account Customer | Re: Do you need a parachute account?
Hello all,
I'm new to this also - so just saying hello and keep up the good work.
Regards,
Patrick  | |
| | |
24th February 2007, 23:46
|
#10 (permalink)
| | Gold Account Customer | Re: Do you need a parachute account?
Quote:
Originally Posted by knognol 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? |
Hi knognol
The first thing you want to do is see what/when/how many charges have been applied to your account.
You need to start a new thread for your particular case here http://www.consumeractiongroup.co.uk...bank-scotland/ and send your Subject Access Request letter (1st step) found here 1. Data Protection Act, Subject Access Request letter - List of charges . Then check this site Information Commissioners - Data Protection Public Register and type in Royal Bank of Scotland in the Name, press enter and check which company name matches the letterheads etc on your statement. It's likely to be here Information Commissioners - Data Protection Register - Entry Details .
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 Subject Access Request 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.
Last edited by Perseus; 24th February 2007 at 23:50.
Reason: typo
| |
| | |
24th February 2007, 23:53
|
#11 (permalink)
| | Gold Account Customer | Re: Do you need a parachute account?
Quote:
Originally Posted by Lakefield Hello
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 | |
| | |
25th February 2007, 00:01
|
#12 (permalink)
| | Gold Account Customer | Re: Do you need a parachute account?
Quote:
Originally Posted by timbo himbo yes how do i get one please reply | Hi Timbo
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 | |
| | |
25th February 2007, 00:05
|
#13 (permalink)
| | Gold Account Customer | Re: Do you need a parachute account?
Quote:
Originally Posted by chancer Hello all,
I'm new to this also - so just saying hello and keep up the good work.
Regards,
Patrick | H | |
