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  • #31
    Re: New TSB Basic Account

    Nice one Spud!
    When Gold isn't enough, there is SA Gold! New to the forum and find the UE route a bit scary? Take a look at my diary here and judge for yourself. I am now saving the money each month that was making little difference to the balance and not a bit of difference to my credit file as a result of finding AAD.



    I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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    • #32
      Re: New TSB Basic Account

      I can now report my own TSB success story.

      It was strange how it happened, really. When I woke up on 3rd September, I was aware of the new TSB, but I had never considered using it for my business banking. I found this thread by Grassy_K about the new TSB basic account, and clicked the link through to their site to see how good it was.

      While I was there, I noticed the link to business banking, so I clicked through just to see what they were offering. I saw they were offering 18 months' free banking, so I filled in the form and applied on the spot.

      I got a letter through the following week saying that it had been approved in principle, but that I still needed to provide ID to the local branch. I went in there on 12th September, and while I was there the manager asked me if I wanted a personal current account. I didn't really have any need for another one, but I let them go ahead with the online search to see what they could offer me. It came up that I could have a Classic Plus Current Account with a cheque book and debit card – and – a 650 overdraft!

      I'm no fan of overdrafts – I just don't see the point in them. If the bank can call it in at any time, you need to have cash to cover anything you borrow, and if you've got cash to cover it why not just spend the cash instead and save the interest?

      Anyway, I took the deal even though I know I'll never use the overdraft. The banks really are still nuts. A 650 overdraft? I've got a 500 limit on my Vanquis card, meaning I could borrow over 1,000 tomorrow that I'd have no chance in hell of ever paying back. Irresponsible lending, anyone?

      I got the confirmation letter through the post this morning, telling me that my Business Account is now opened. This has solved a long standing problem for me, and represents another TSB success story for this thread. Of course, my case studies are of limited to erdraft!

      I'm no fan of overdrafts – I just don't see the point in them. If the bank can call it in at any time, you need to have cash to cover anything you borrow, and if you've got cash to cover it why not just spend the cash instead and save the interest?

      Anyway, I took the deal even though I know I'll never use the overdraft. The banks really are still nuts. A 650 overdraft? I've got a 500 limit on my Vanquis card, meaning I could borrow over 1,000 tomorrow that I'd have no chance in hell of ever paying back. Irresponsible lending, anyone?

      I got the confirmation letter through the post this morning, telling me that my Business Account is now opened. This has solved a long standing problem for me, and represents another TSB success story for this thread. Of course, my case studies are of limited use to AAD now, as I nuse to AAD now, as I no longer have a damaged credit rating. Three times during my interview on 12th September, the bank manager said to me - “You've got an extremely good credit rating!”

      An AAD member being told that they have an extremely good credit rating! Niddy will never believe it!

      SH
      Last edited by ScabHunter; 30th September 2014, 16:54.

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      • #33
        Re: New TSB Basic Account

        Great news SH

        Glad it turned out well for you - They do seem to be very fair in their decision making

        Perhaps TSB will turn out to be a very useful bank for AAD members and other in their position
        I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

        If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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        • #34
          Re: New TSB Basic Account

          Originally posted by Grassy_K View Post
          Let's not forget that another brand new bank is just around the corner, Williams & Glyn is being spun off as a new high street independent from RBS, so that will be another 'clean slate' high street account to try for, should anyone wish.
          Wow - those were the days --> http://en.wikipedia.org/wiki/William...ank_(historic)
          I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

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          • #35
            Re: New TSB Basic Account

            Originally posted by ScabHunter View Post
            An AAD member being told that they have an extremely good credit rating! Niddy will never believe it!
            I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

            If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

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            • #36
              Re: New TSB Basic Account

              Are these accounts Classic or Classic Plus? Reason I ask, if you look at TSB and notice the classic account and click apply you end up on this page (right hand side, clearly shows a cash account) - the same as when you click on the cash account link itself.

              Weird.... maybe the Classic is an advanced cash-account? I dunno.... What does your literature say and what card have you got?

              Cash version


              Full version


              Apply for cashcard link --> https://apply.tsb.co.uk/personal/a/a...cashaccountVER

              Apply for Classic Account Link --> https://apply.tsb.co.uk/personal/a/a...US-UPPER-TAB-1

              Notice on the right hand side BOTH read as applying for a cash card account.... weird...

              A google search of TSB Classic Account reads:

              classic.png

              Our classic account offers you quick and easy everyday banking. This basic bank account allows 24/7 money management with internet, telephone and mobile
              I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

              If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

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              • #37
                Re: New TSB Basic Account

                There does seem to be some confusion or overlap.

                In my case, it is clear enough. The paperwork I've got says “Classic Plus”, and I've got the full version debit card pictured above, a cheque book, and a 650 overdraft. There's no way that can be a basic account, not even an enhanced one!

                I know Spud said that his card didn't have “cash” on it. I don't think he applied for a cheque book, so it is impossible to know whether they would have given him one.

                SH

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                • #38
                  Re: New TSB Basic Account

                  I see Niddy likes pictures. Here you go -

                  Paying in book -

                  pib.jpg

                  pib-inside.jpg

                  Cheque book -

                  cb.jpg

                  cb-inside.jpg

                  Debit card -

                  dc.jpg

                  SH

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                  • #39
                    Re: New TSB Basic Account

                    Well, I've FINALLY managed to get my TSB Business Banking sorted out. It has taken between six and seven weeks for everything to be operational, except for the fact that they still don't give debit cards to business customers.

                    Today, I managed to transfer 10 from Business into Personal, and then from Personal into my Metro Bank 'hub' account. That means I can finally access any money paid to the business without having to write cheques to myself.

                    I intend to use the TSB Personal account solely as an addendum to the business account, simply because it has a debit card on it. TSB online banking is not great, but it is manageable.

                    At least I now know what TSB stands for Terribly Slow Banking. In all honesty, I'm just glad to finally have a business account set up which I can actually use.

                    SH

                    PS Where did Salt 'n' Vinegar disappear to? His TSB account seemed to be a formality. I hope nothing went wrong.

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