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b-a-n-k

PostPosted: Mon Aug 11, 2014 9:42 pm
by Chris P
I don't why I'm asking this question on a music forum, except that to some extent SotWers are usually well-informed right about most things & have a story to tell.

Are any of the main UK banks better (or worse) than any others, as of now (Summer 2014). Better alternatives that allow paying over of cheques in person in medium/large UK towns?

Re: b-a-n-k

PostPosted: Mon Aug 11, 2014 11:33 pm
by NormanD
I'm still with the Co-op, and have been contemplating jumping ship before it sank with all hands. It used to be good - I set up a "community account" for a non-business group a couple of years back, and that was quite straightforward with no charges, etc. But branches are closing, and the nearest branch still open nearby has the same lengthy queues you find in building societies (which are mostly small banks now anyway).

I suppose if/when The Co-op drops all its 'ethical' side completely, and/or The Suits completely take it over, I'll probably go over to Nationwide, which is still a mutual. I don't know what they're like as a high street bank though. I had all kinds of trouble with them when I tried to set up an online account. Since I rarely use it (who has savings these days?) I got locked out because I couldn't remember when the last transaction had been......

Re: b-a-n-k

PostPosted: Tue Aug 12, 2014 7:38 am
by Chris P
NormanD wrote:(who has savings these days?)


ah, good point. I've now run down what I made prior to 2010, to almost nothing. Hopefully then I can now continue with a high street bank without being of any use to them. The dilemma would only arise again, if I manage to make some more dosh in future. Don't know if that's just a cop out, but it sounds like a partial argument

Re: b-a-n-k

PostPosted: Tue Aug 12, 2014 7:58 am
by Chris P
thanks for the reply, Norman. Such a frickin shame about what happened/ is happening with the Co-op bank. Hope it can turn itself around, why it never became massive I can't fathom - a more ethical bank, with all dividends to customers, they almost looked as if they could maintain a high street presence back in the 80's. And then recently their merger with that other financial bank/building society, seemed to offer a chance again of town centre banking. But long slow queues are usually a deal breaker I suppose?

Re: b-a-n-k

PostPosted: Tue Aug 12, 2014 10:17 am
by NormanD
If it's paying in cheques (though their use is really diminishing), see if the bank still has a paying-in point, or letter box. I bet they've largely gone too, a quaint left-over of the Mr. Mainwaring days. You can pay Co-op cheques into your local post office - they stamp and give you a receipt.

There's a big move to go on to electronic transfer, but that's only as good as your trust in the bank and security of the service. One tip: if you ask for an electronic payment from someone, ask them initially to send you £1 to your account. If that goes through OK then get them to send the rest.

Starting to sound like "Money Box Live" here.

Re: b-a-n-k

PostPosted: Tue Aug 12, 2014 6:48 pm
by Chris P
Most of my (sadly almost too few at the moment!) customers have been going over to BACS internet payment steadily for the last 10 years, but there are a residual number of cheque payers who don't seem to diminish (mostly not internet savvy). Never liked poking cheques into holes in the wall. It's good to encounter some real people/ human faces connected with these vast financial institutions too. And yet....zzzzz...I can't go on, must go and do some cooking.

Just saw Philellinas occasional SotWer who apparently almost replied on this thread

Re: b-a-n-k

PostPosted: Wed Aug 13, 2014 10:01 am
by MartinOwen
I have undertaken all my personal banking with Nationwide for over 10 years. I would move my business banking there too if they allowed it - and also allowed me a regular account in Euros.

So if it is business account you need then there is no competition: Handelesbanken.

Re: b-a-n-k

PostPosted: Wed Aug 13, 2014 10:57 am
by will vine
Smooth talking,forked-tongued bastards the lot of them! The bank stole my mortgage. The government stole my pension.

Re: b-a-n-k

PostPosted: Wed Aug 13, 2014 11:46 am
by Adam Blake
will vine wrote:Smooth talking,forked-tongued bastards the lot of them! The bank stole my mortgage. The government stole my pension.


Well, yes, that's taken as a given, isn't it? Go into your branch and request that your account be quantitatively eased.

Re: b-a-n-k

PostPosted: Wed Aug 13, 2014 12:47 pm
by Jamie Renton
[quote="Chris P"]I don't why I'm asking this question on a music forum/quote]

So that you can give me an excuse to post this Chris: https://www.youtube.com/watch?v=U5fqzyOrGNo

Re: b-a-n-k

PostPosted: Wed Aug 13, 2014 1:05 pm
by will vine
Adam Blake wrote:Go into your branch and request that your account be quantitatively eased.


I won't of course, but I'll certainly pinch that line and recycle it during the coming days no doubt. Thanks Adam.

Re: b-a-n-k

PostPosted: Fri Aug 15, 2014 12:18 pm
by alister prince
As is often the case with me, a slightly tardy response. Norman and I have discussed this dilemma and he's said it all here. Ironic the Coop was partly brought down by a guy who was more interested in lines than bottom lines. The Handelsbanken sounds interesting, I'll investigate. I don't/won't do internet banking, too many reasons to bore you with here. On a musical note Document Records released a brilliant compilation in 2009 called 'Bankers Blues- A Study In The Effects Of Fiscal Mischief'. It's dedicated to HLOSS (Document are based in Scotland) Bernie Madoff, Fred Goodwin and various other financial luminaries. The 'special 4.5% bankers bonus track' is Russell Means' 'Aint No Prison For Corporations'. A very highly recommended CD.
Aly