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New Bank

Discussion in 'General Discussion' started by Tummy, 8 Mar 2009.

  1. Tummy


    Joined: 4 Sep 2008

    Posts: 28,836

    Location: Yorkshire.

    How would I go about changing my bank ?

    I've been with my current back a fair few years and would like to move to another bank, could you recommend me a bank and could you tell me how I'd go about getting the new bank ?

    Do I empty and close my current bank account and just set up a new one ?
  2. ste_bla


    Joined: 9 Aug 2004

    Posts: 7,794

    Location: Milton Keynes

    Apply to open new account. If yes then transfer wages + DD over to new one (some offer to do ths for free however after a bad experience [first direct] I do them all myself). Close old account.
  3. jr1104

    Wise Guy

    Joined: 23 Aug 2008

    Posts: 1,550

    Send me your money, I'll hold it for you while you open a new one.
  4. Velocity

    Wise Guy

    Joined: 28 Apr 2003

    Posts: 1,621

    Location: UK - Milton Keynes

    First Direct.
  5. Cobertizo


    Joined: 18 Oct 2002

    Posts: 936

    Location: Berkshire, UK

    It's fairly simple. A matter of just setting up a new current account, and getting any standing orders/direct debits etc switched over. You don't have to close your account. As for which account is most suitable, it depends massively on what you require. Some accounts are better depending on the amount you'll be paying in each month, and some are way better if you need an overdraft. Moneysavingexpert.com has a good page on current accounts - I'd suggest you spend some time looking there for ideas - http://www.moneysavingexpert.com/banking/compare-best-bank-accounts
  6. MrMoonX


    Joined: 31 Dec 2007

    Posts: 10,035

    just dont touch anyone associated with the HSBC group i.e first direct, bunch of unhelpful ****s and will rob you the moment they can with their 'charges'
  7. Barks


    Joined: 20 Jul 2008

    Posts: 4,183

    First Direct are perfect if you're responsible with your money. Their service is absolutely outstanding.
  8. BigBadBenny

    Wise Guy

    Joined: 17 Oct 2002

    Posts: 2,102

    Location: Behind you!

    Most banks these days will do all the running around for you i.e. move your DD's etc. All you need to do is setup and account.
  9. jhmaeng

    Wise Guy

    Joined: 6 May 2004

    Posts: 2,060

    Location: London, UK

    First Direct without a doubt. Banking really has never been so hassle-free. Amazing service over the phone 24/7/365 answered by a person (usually within 5-8 rings) who will be able to do everything you want them to do in >75% of cases.

    Those few times they need to transfer you to a different department, the people in the other department are all unfailingly polite as well as extremely competent.
  10. Hatter The Mad


    Joined: 28 Nov 2008

    Posts: 8,737

    Location: UK

    You mean the moment you spend money that isn't yours?
  11. dowie

    Capo Crimine

    Joined: 29 Jan 2008

    Posts: 51,933

    So don't bother with the biggest & safest banking group in the world at the moment is what you're saying?

    I can't say I've had any trouble with HSBC myself and unlike a lot of other banks they haven't had to go running to the Govt for help due to irresponsible lending.
  12. Hatter The Mad


    Joined: 28 Nov 2008

    Posts: 8,737

    Location: UK

    No, if he was saying don't bank with the safest group, he would be saying "Don't bank with Northern Rock".

    If you want your money to be safe, put it in Northern Rock.