Crikey! Is it an internet/phone only account or something? Mines a standard bank account.
Good idea, you might need it in an emergency. Note, just because it didn't cost me anything doesn't mean it won't cost you ;)
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Crikey! Is it an internet/phone only account or something? Mines a standard bank account.
Good idea, you might need it in an emergency. Note, just because it didn't cost me anything doesn't mean it won't cost you ;)
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It's a Basic Bank Account. The flyer has printed on it "For Penniless, Untrustworthy Scum Only." Well it doesn't but it might as well have.
Many people have to survive with just these Basic Accounts. And if that's all you've got, you have to have a credit card in order to buy stuff or pay bills online.
With all the fuss about removing the need for cash, few companies will accept anything but cash on very small value transactions.
It takes that long for the transfer to go through now
I have about 20 days to settle
Is the common rumour about stamps being legal tender true?
AlanG posted
It varies dramatically between CC and CC, and you have to watch them, because some of them are deliberately compressing it as a business tactic. Nationwide are now the worst I know of: a couple of months back our monthly statement specified a "payment by" date that required us to go to the branch and pay the very next day. Our Amex card is the best, that gives three or four weeks.
In message , Big Les Wade writes
A million Nigerian scam-artists cannot all be wrong, can they?
No.
Neither are lollipops. This isn't Italy, after all.
In message , Keith2. 0 writes
I'd have to check a calendar were the Dirty Digger to declare that Christmas is next month.
In message , AlanG writes
Perhaps, to comply with both their interpretation of the EU Directive and the Trade Descriptions Act, the financial institution should change its name to the _Uncooperative_ Bank?
It cannot affect them in any way, since if they can't get a bank account, they certainly will not be able to get a credit card.
It will affect those who for some reason don't *want* a bank account (as opposed to those who are not eligible for one), but want a credit card, although they would be pretty heavily affected anyhow, as they would still not have much choice of card.
You did.
"Legal tender" is meaningless in normal, everyday transactions.
But if you are taken to court for a debt, then you can satisfy that debt by paying into court in legal tender.
Does that include stamps?
They certainly can.
But you can then satisfy the debt by paying *into court* in legal tender, after which, their suit will not be successful.
Legal tender has NO meaning in normal everyday transactions, in spite of what huge numbers of people believe.
No.
Not any more.
These new rules that the CO-OP are (Probably wrongly) quoting as preventing them from accepting cash for CC bills also mean that cash payments made into your account will now be available immediately.
Not on mine you can't.
Lidl refuse to take a Scottish £20 note the other day, saying it was not legal tender.
Not true. I'm not allowed a bank account other than a basic one, but I have a credit card from Natwest and a business account - the criteria for opening business accounts seems to be far less stringent...I didn't have any income other than income support at the time.
It isn't, not even in Scotland.
However a shop can decline to take anything in payment for goods. It is in the case of payment for debt that the rules apply.
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