Comments on: Make money by switching your bank account

By: Lisa Anderson

Lisa Anderson — Tue, 03 Oct 2023 22:34:16 +0000

I’ve recently opened an account with Starling. They notify me before large payments are going out, they send me a notification whenever I use my debit card. They have zero transaction fees on any transactions abroad and the switch to them was seamless. On the one occasion I needed to speak to them I had a person immediately that I was able to understand, efficiently fix my problem. I couldn’t really rate them highly enough. They aren’t the right people for a savings account as other banks offer a much higher rate but for a current account you can’t fault them.

By: Neil

Neil — Mon, 05 Jan 2015 19:22:47 +0000

In reply to Jasmine Birtles. Interesting. Sounds like you could go around 20 to 30 years without be able to change your current accounts as a pensioner! But if a full state pension is about 113 pounds per week which works out as 452 every 4 weeks or 489 pounds monthly could you not add savings interest to this (or transfer money from an external savings account)? Look again as I found an account that accepts 500 pound a month deposit. Also surprised that National Savings & Investments haven't provided a current count - unless they do not want potential borrowing customers.

By: Neil

Neil — Mon, 05 Jan 2015 19:14:26 +0000

One thing that might need to be considered is where the nearesst branch of any bank you switch to is. This could be especially important if you plan to collect coins in jars and do a lot of depositing or even if you sell stuff online and accept cheques or postal orders as payment. Although some banks do except deposits via the Post Office.

By: Sandra owen

Sandra owen — Wed, 19 Jan 2011 08:58:51 +0000

Does anyone out there know which is the best offshore bank to
Put your money in giving the best interest rate thanks.

By: Jasmine Birtles

Jasmine Birtles — Fri, 01 Oct 2010 09:05:44 +0000

In reply to Maggie Anderson. Very good point Maggie. As you say, there's a business opportunity there. It's time that maybe one of the supermarket chains considered special banking offers for pensioners.

By: Maggie Anderson

Maggie Anderson — Tue, 14 Sep 2010 14:30:21 +0000

Obviously none of these banks want pensioners or other low earners as customers, if they only offer these accounts to people with at least £1,000 a month available to pay in. Doesn’t that just prove that banks are out to make money, not offer a good service to customers?
Let’s hear it for a bank that actively encourages pensioners. After all, they have a guaranteed income for life and a pay-as-you-go mindset, making them a better risk in the long term.

By: maz

maz — Tue, 09 Feb 2010 11:17:33 +0000

A huge thank you to you. I’ve been struggling with my basic Barclays account and I’ve been thinking of switching to a different account but did not know which one. Basically, you’ve done the job for me. Thanks.