Friends son, now 18 went into his local branch to enquire about "upgrading" his teenager account to a normal current account (and hopefully a 50 overdraft just ti help with cashflow if wages are late clearing etc). He currently pays in wages of around 1200 a month and take most of it back out again via ATM. He has no borrowing or other cards.
Girl on the desk in the bank tooks details and copies of ID (passport, bank statement etc even though he had an account their for the last 15 years), and was then told that the banked declined the account and he would not be able to open a current account at all (with or without overdraft) The girl said "the computer usually gives a reason for declining" but no reason was given and the girl in the bank couldnt see a reason why.
He was advised that it was not a problem as he could keep his exisiting account until he was 19 - but why dont you apply for a credit card? The clerk filled in the details and told him that he would receive details in the post. A couple of days later a letter arrives to say the application has been accepted, and he received a Platinum Card with a 4500 credit limit?
So the same bank refuses even to upgrade an existing account to a standard current account - get gives a platinum credit card with a immediate credit limit of 4500?
Any else experienced a similar situation? -