Caz v YB

[Caz2639]

Hi there,

 

I just joined this group yesterday and have been reading up on all the info. I must have been charged thousands by the YB over the last 6 years and have always been infuriated when it has been their charges that have put me overdrawn, which then entitles them to charge me another £8 per day for the privilige until I can afford to get the account back into the black, which gets more difficult with each day and each additonal £8!

 

I am keen to get my own claim underway and will start with the SAR request, but one thing I am concerned about: I do have a poor credit rating and would probably struggle to get another bank account easily - I don't even have a debit card with the YB, just a cashcard (although didn't they send a letter out earlier this year saying all cashacrds are being withdrawn and being replaced by debit cards?). So I am just a bit worried that if I go down this route, I could end up with no bank account at all if they close my account. Has anyone been threatened with this or have they done this to anyone?

 

Good to read so many positive stories and helpful posts.

 

Caz.

[MARTIN3030]

Its a risk you have to take.

Read the threads on Parachute bank accounts.

Theres lots of info.

Im sure theres people with worse credit history than you.....you have managed to open another.

 

Ok WELCOME TO THE SITE........READ THE FAQs !!!!

 

 

If you do need help its always here but remember this is your money.....your claim.

We can only help if you are also prepared to help yourself !!!

 

[isie1980]

Welcome Caz.

I am claiming over £2k back from YB at the moment, and have just opened a new bank account with The Co-operative Bank.

I have an absolutely appaling credit record, lots and lots of debt and am not allowed any credit.

The Co-op Cashminder account is a basic bank account with no overdraft facility and comes with an electron card. I try to just draw out cash once a week and only use that, but for those times when you need a card (internet shopping, phone etc....) I have a pre-paid mastercard (cashplus prepaid MasterCard®: Introducing the cashplus prepaid Mastercard®). It works just like a credit card but you have to top it up with money at the Post Office so you can only spend what's on it. It does cost £4.95 a month though, or £1 per transaction. Until I learned about it I was kind of panicking at only having an account with a cash card.

The Co-op Bank Account can be opened over the phone (Redirecting to Production Site), I believe, if you don't have a branch nearby, and you can pay in and withdraw money at the Post Office.

PayPlan (Free Debt Management company | Payplan) has a list of basic bank accounts which are available to people with poor credit ratings.

 

Don't let it deter you from claiming back the money that is rightfully yours! I shall take great satisfaction in getting my money back from the Yorkshire Bank, clearing the overdraft with it, and taking the remaining £1000 to my new bank!

 

It's the savings account I never knew I had!

 

Good luck!

 

Isie

[MARTIN3030]

Good information.

 

Talking about cards........the Post Office have recently started a visa electron card which you can load up (I think the minimum is 50 quid) but you can do it with euros/dollars/or sterling.......handy for abroad.

 

In addition easy jet owner starios (think thats his name ) has also got a card running for people who dont want to use the banks own.

Tjink its called easymoney.com but not too sure a search would prob find it.

[MARTIN3030]

yep heres a link

 

 

easyMoney.com : personal finance from Stelios the founder of easyJet

[crow]

Hmm, just looking at one of my statements for my easyMoney card and it says 'Issuing Bank: Lloyds TSB Bank plc' :o so doesn't appear to be particularly seperate from the banks!!