Need a new bank because of my loan and offsetting rules

[stalin's dead]

I bank with RBS that as been bought by Santanader. My account is then switched over to these fools in 2011. I dont want to bank with Santander. I have a 11K loan with Alliance & Leic which as been transferred over to Santander but is with the FOS at present. If my account is transferred over to Santander then I am sure they will try to execute the offsetting rule and take money from my account for this loan

 

My credit rating is very poor and I claim benefits. Does anyone know of a bank other than Lloyds that offer people like me a bank account (that allows DD's and SO's). I cannot bank with Santander. I have heard some many bad things about them

 

Sorry if this is wrong thread

 

Thanks

[jon888999]

Snap, i'm going to go & see my local Natwest. I understand though that they aren't allowed to offset against accounts acquired in this way, although we all know the reality might be different .

[Hardupnotfedup]

Why not try this new Metro Bank, they seem to want to do things differently, slashing charges etc,

[alfwithhair]

Try the Co-op

I got one of their basic accounts no problem

DD SO and paying in and withdrawls via debit card free at all link machine and over post office counter

[stalin's dead]

thanks for that people.

 

have been turned down by Barclays already

 

will try Natwest and Co-op

 

I cannot afford to be at the mercy of Santander in terms of them 'setting off'. I left Lloyds for precisely this reason.

 

Gonna speak to RBS on monday about setting off rules for them when the takeover happens.

 

thanks again

[jon888999]

I'm going to visit my local Nat West as there operation seems to broadly the same as RBS, being part of the same group at the moment. I'm happy with RBS but don't want to go back to Santander as Abbey used to be a nightmare!

Although my Mortgage is still with Santander, they've just let me sign up to a new deal 5 years fixed at 4.79% with no fees which with numerous defaults and a unsettled on paper CCJ against me was far better then I expected.

Can anybody confirm whether they would be allowed to Offset an Old Unenforceable Disputed Abbey Loan against a RBS current account.

Although as my old Abbey Loan has been sold to DLC, I don't see how it could be legally offset, but do I trust Santander???? Not when it comes to Current accounts, no I don't/ The Abbey Accounts were set up to get maximum fee's eg processing money going in & out at midnight, so you got charges if you were od even if you paid cash in the same day, taking 6 days to clear cheques etc.

RBS are different cheques normally clear in 2 days and they work charges out at close of business not start.

My account has been with RBS for 5 years and has a perfect record. It was a parachute account, setup when I knew money problems were looming, which i've managed to keep fine. The reason I went to RBS was because it was the only bank that I didn't have a connection with 5 years ago.

My credit file should be ok in 18 months-2 years as the ccj and defaults all disappear at about the same time. Not that I intend borrowing money.

Edited August 7, 2010 by jon888999
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[stalin's dead]

I was wondering that since the Natwest are part of the RBS Group would it be easy to transfer my RBS account to the Natwest? Would Natwest allow that? As anyone done this?

 

My credit rating is pretty bad so I doubt other banks would take me on though i'm not a bankrupt or IVA etc.

 

cheers