What Bank should I move to?

What bank can I have? Barclays have really upset me. The charge me Â£90 nearly every month as I go over my over draft, I know I shouldn't but sometimes it can't be helped and before I get a change to put money in to go back into the green BAM Â£90 freakin quid (well 3 days of Â£30) This is just so expensive for me. Is there any banks that don't charge this much?? I'm sure not all banks are like this?

u can claim ur bank charges back they rnt allowed to take 30 of u for a day , look into it online

Dogger Bank, and don't come back.

Pretty much any bank you use is going to charge you for over drafts. And I'm sorry, I disagree, it is possible to never over draft. Be more careful with your money and you wouldn't have to pay the fees.

I posted this in response to an earlier question, from someone querying costs for going Â£400 overdrawn:

I bank with Nationwide Building Society, as their overdraft rate is one of the best, and their debit/credit cards are free to use overseas, for purchases and ATM cash machine withdrawals.

Here's a quote from their site:
'Our agreed overdraft rate is at least 50% lower than the rates charged by the following accounts: Barclays Bank Account (option A) 15.6% EAR; Halifax High Interest Current Account 18.9% EAR; Lloyds Classic Account 18.7% EAR. Source Moneyfacts online 23.5.07.'
http://www.nationwide.co.uk/current_acco...

It's always cheapest to have a pre-agreed overdraft, otherwise most, if not all, charge higher fees and typically an unauthorised overdraft fee too. Nationwide allows you to increase/agree your overdraft online, taking a couple of minutes. Its current rate is 7.75% compared to, for example, a Natwest Current Plus Account at 19.99% EAR on balances up to Â£999. Balances between Â£1,000 and Â£4,999 incur a rate of 19.41% EAR and balances above Â£5,000 are charged at a rate of 17.37% EAR. on a Natwest Current Plus Account

So to answer your question, 7.75% compared to 19.99% on a Â£400 overdraft. The nationwide site allows you to compare their overdraft rate, 7.75%, against any chosen account elsewhere, which is useful.

Nationwide pays good interest when you're in credit too, upto 40 times that of typical banks. Their overdraft charges are for the days that you're overdrawn only.

I've done a rough calculation that Â£400 overdrawn for a year costs Â£31.00, or a 12th of this year's figure (a month) would
cost Â£2.58. I'm not a mathematician, so it's worth checking these figures yourself!

Otherwise, http://www.moneysavingexpert.com/banking... a UK free site, not sponsored by the banks etc, gives you best buys. Here's some info. I got from their site:
'Alliance & Leicester offers new customers a year's 0% overdraft with its online Premier Direct account* and after that it's still the market's cheapest at just 5.9%. It requires minimum earnings of Â£6,300. It's also one of the markets best paying accounts if you're in credit, paying 6.5% interest. For those who want a branch-based account, you get the 0% for a year, but it's 7.9% afterwards.'

The All & Leicster branch based account would therefore be dearer, after the interest free year, compared to Nationwide: there might also be a better best buy by then, anyway.

So, you could get to borrow on an overdraft for free, assuming you can pay in the Â£6,300 per year.

I realise that you're talking about unauthorised overdraft charges, but I really like Nationwide, they're a non-profit organisation, and their services are really excellent and competitive. Their current account service is called a Flexaccount.

Good luck! Rob

me-me how much did you go over your ovr draft?? xx

Barclays are the Robin Hood of Banks. They are rip off merchants. You have to challenge them, show them up, call them up and would ultimately expose them in the press.

They hate bad press. My sister also a student, received an IBAN bank transfer, unfortunately it was through Barclays who very greedily clawed back Â£1,000 of her money in commission. theft on a grand scale.

She had done an online check with Bloomberg and Reuters and knew what the exact rate should be at the time of the transfer.

She discovered the exchange rate for the amount she received would have given her Â£1,000 more than Barclays had given her . theft!

So she called up the complaints dept. Of course it was some gormless girl in a call centre who always gets the flack and has to take the crap for the faceless men in suits hiding in their trading or exchange department.

These wideboy conmen never take calls or flack. they sit at their screens ripping you me and everyone else off and take two hour lunches in 4 star city restaurants.

She wasvery polite to the lady in the call centre but said she seriously did not want a 'logged call with reference letter.

She wanted action not a letter with ref. ..i.e. a refund of her money whch Barclays had thieved. Yes this was theft on a grand scale.

Calls are always recorded to the call centres. She promised loudly and with eloquence that she would most certainly expose them in one of the UK top selling popular papers and told them her uncle was the editor in charge of the financial pages. Banks detest bad press and they knw that bad press will loose them a hell of a lot more than the Â£1,000 they had stolen frm my sister.

Lo and behold a cowboy from their trading dept called her back within five minutes and apologised for the 'confusion' yeah right!.

He agreed to refund her Â£800, mumbled that was the rate at the time of the transfer.

Barclays still managed to scam her out of Â£200 but at least she had the balls to take them on, and threaten to expose them.

I would advise all of you to avoid Barclays. They are rip off merchants and will fleece you at any chance they get. Lloyds are no better.

It's best to try and nt go into the red and give these con men a chance to rip you off.

claim your charges back.see moneyexpert.com.also approach your bank and ask for refund first, in the interin get a higher od limit.i find yorkshire bank ok but not halifax

HSBC students account doesnt charge for overdrafts

Banks live off people like you who are selfish and irreponsible. The way to beat them is not to go into the red. Try a little self-discipline and resist the impulse to buy, buy, buy.

JP Morgan Chase manhattan are most reliable

Natwest are the same. What you need to do, is to write down when your money comes in and how much, then list what HAS to go out, when and how much. This will show how much spare money (if any) you have and when it occurs, this way you should not get overdrawn.

If your outgoings are more than your incomings you desperately need to see if you can reduce any expenses (cheaper accommodation). If you can't reduce anything or get more money in, then you had better seek some financial help.
See your bank manager, Citizens Advice.

Good luck, I hope you can get things sorted.

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