Norwich and Peterborough (1 Viewer)

[iandsm]

Bugger, N&P are being closed as a brand by owners Yorkshire Building Society and YBS don't offer current accounts. We loved N&P because they didn't charge a foreign transaction fee but that's gone now.

Does anyone have a suggestion for a current account that doesn't charge for foreign transactions?

 

[Bailey58]

No info on current accounts but we use the Halifax Clarity Credit Card.

• No fee to transfer a balance
• No cash withdrawal fee (some ATM providers may charge a fee)
• No fee to use it anywhere worldwide
• No annual fee

 

[MitchandJenny]

SHIT ! ! !
When does that become effective ? ? ?
We are in Spain till March, with N and P visa cards from our joint current account ! ! !
Mitch...

^{_{Subscribers  do not see these advertisements}}

 

[Fantini]

That's a real shame. Latest news says they will be writing to account holders over the next year setting out options. I think we're about to test the bank account 'Switch Guarantee'

 

[iandsm]

SHIT ! ! !
When does that become effective ? ? ?
We are in Spain till March, with N and P visa cards from our joint current account ! ! !
Mitch...

31 August so you are ok now.

http://www.bbc.co.uk/news/business-38746450

 

[jumar]

I have a N&P account, I like the card usage overseas facility, if this continues when it returns to its original Brand Name, then I will continue as now. However if this is no so, I will be looking for a replacement service.
Looking into it just briefly this morning I noticed some new products available, these offer similar overseas use benefits.

^{_{Subscribers  do not see these advertisements}}

 

[iandsm]

I have a N&P account, I like the card usage overseas facility, if this continues when it returns to its original Brand Name, then I will continue as now. However if this is no so, I will be looking for a replacement service.
Looking into it just briefly this morning I noticed some new products available, these offer similar overseas use benefits.

Perhaps I missed something but as I read things he brand is to be no more , there in no mention of returning to an original brand. The owner of N&P, the Yorkshire BS, don't offer current accounts so it's a case of finding an alternative What new products have you found and from where please

 

[chaser]

No info on current accounts but we use the Halifax Clarity Credit Card.

• No fee to transfer a balance
• No cash withdrawal fee (some ATM providers may charge a fee)
• No fee to use it anywhere worldwide
• No annual fee

As he said they also do bank accounts

 

[Kingham]

There's me thinking the thread was news about the Norwich and Peterborough motorhome shows

^{_{Subscribers  do not see these advertisements}}

 

[iandsm]

As he said they also do bank accounts

I am looking at that and will probably go for the Halifax credit card for free transactions and atms but as it's a credit card I imagine any ATM withdrawal will attract interest from the day you draw it out. I will compare the cost of that as opposed to just having to pay the transaction fee from drawing money out via a debit card. I do think the Halifax current accounts look decent though. But I am waiting to hear of the new products mentioned earlier

 

[Sheddy]

Bugger, we use N&P as our main banking accounts, pension payments in and all our DD,s out, still it will give me something to do when we get home in the summer.
Cheers
Ed

 

[El-Nido]

We use a Halifax Clarity Card when abroad and use it for everything (except for cash) and have a direct debit to automatically pay it off in full. It means our current account balance stays high for a long period and we don't need to worry about paying off the credit card when away. For cash we use the CaxtonFX card and just top it up when needed.

Adie & Sophie (of Motorhome Wifi) wrote a good blog comparing the costs of using the Halifax Clarity Card vs CaxtonFX, which includes the cost of withdrawing cash on the Halifax card: http://www.europebycamper.com/2012/06/halifax-clarity-vs-caxton-we-saved-over.html

Paul

^{_{Subscribers  do not see these advertisements}}

 

[Minxy]

We use a Halifax Clarity Card when abroad and use it for everything (except for cash) and have a direct debit to automatically pay it off in full. It means our current account balance stays high for a long period and we don't need to worry about paying off the credit card when away. For cash we use the CaxtonFX card and just top it up when needed.

Adie & Sophie (of Motorhome Wifi) wrote a good blog comparing the costs of using the Halifax Clarity Card vs CaxtonFX, which includes the cost of withdrawing cash on the Halifax card: http://www.europebycamper.com/2012/06/halifax-clarity-vs-caxton-we-saved-over.html

Paul

Just had a quick read of the article but it includes some assumptions and comments about Caxton that I find skew the final figures, if you take it as if it was all in € they would have been worse off using the Clarity card than the Caxton card IMV!

 

[peterc10]

Angela has a Nationwide current account. We always use her credit and debit cards when we are in Europe and the USA because they do not charge for transactions and also give a very good exchange rate. Much cheaper than Lloyds or Amex.

 

[Minxy]

You are much better off switching than just opening an account with another bank and closing your N&P one yourself - you should definitely use the 'Switch' service as you'll get paid to do so! Check out which bank is best for you and also what benefit you get for doing so, as well as which perks each account has (interest, cashback etc) there are various ones out there that pay you up to £150, check it out here:

http://www.moneysavingexpert.com/banking/compare-best-bank-accounts

Some info here about using cards abroad:

http://www.moneysavingexpert.com/travel/travel-credit-cards#debit

^{_{Subscribers  do not see these advertisements}}

 

[Minxy]

Angela has a Nationwide current account. We always use her credit and debit cards when we are in Europe and the USA because they do not charge for transactions and also give a very good exchange rate. Much cheaper than Lloyds or Amex.

That's the one where you pay £10 a month and get extra perks too I believe such as travel insurance etc, good if you want those things but if you don't then it would cost £120 a year.

 

[peterc10]

That's the one where you pay £10 a month and get extra perks too I believe such as travel insurance etc, good if you want those things but if you don't then it would cost £120 a year.

Its called a Flexaccount and she has had it for 15 years at least from memory. It does not cost her anything, but she gets no other goodies. But she doesn't need them because we get them from our shared Lloyds Gold account which also doesn't cost us anything. I have been with them for 50 years and when we first took the Gold account out (about 30 years ago) they promised it would be free for life. It is the only thing that stops me from leaving Lloyds.

 

[Minxy]

Its called a Flexaccount and she has had it for 15 years at least from memory. It does not cost her anything, but she gets no other goodies. But she doesn't need them because we get them from our shared Lloyds Gold account which also doesn't cost us anything. I have been with them for 50 years and when we first took the Gold account out (about 30 years ago) they promised it would be free for life. It is the only thing that stops me from leaving Lloyds.

Ah, that explains it .. its not available to new customers though.

^{_{Subscribers  do not see these advertisements}}

 

[peterc10]

Ah, that explains it .. its not available to new customers though.

Yes it is. It is the tLink Removed.

 

[Minxy]

Yes it is. It is the tLink Removed.

I think we're talking at cross purposes, I'm talking about the one with no charges for ATM withdrawals as per the OP's comments, the one you're talking about charges 2% plus £1 per withdrawal.

Link Removed

 

[Lot lover]

Bugger, N&P are being closed as a brand by owners Yorkshire Building Society

Yes but not today. Some branches will be closed over the next 6 - 18 months and the name will disappear from your lives.

But don't blame the Tykes - the chain was pulled some years ago when N&P bosses were selling deals under the name Keydata, that firm collapsed leaving N&P with a bill of £57m about 10 years profits.

^{_{Subscribers  do not see these advertisements}}

 

[Langtoftlad]

Still a shame for those losing their jobs & and for the communities who are losing another High St facility.

But don't blame the Tykes - the chain was pulled some years ago when N&P bosses were selling deals under the name Keydata, that firm collapsed leaving N&P with a bill of £57m about 10 years profits.

 

[peterc10]

I think we're talking at cross purposes, I'm talking about the one with no charges for ATM withdrawals as per the OP's comments, the one you're talking about charges 2% plus £1 per withdrawal.

Link Removed

Sorry I was getting confused. We use her nationwide Credit (not debit card) card for spending. We take enough currency (via Post Office on line usually) to last us so don't make cash withdrawals

 

[jumar]

Perhaps I missed something but as I read things he brand is to be no more , there in no mention of returning to an original brand. The owner of N&P, the Yorkshire BS, don't offer current accounts so it's a case of finding an alternative What new products have you found and from where please

http://www.moneysavingexpert.com/travel/travel-credit-cards#debit

^{_{Subscribers  do not see these advertisements}}

 

[keith]

All the calculations re Halifax current account are now wrong as at 1 Feb the reward is cut to £3 not as previously £5 a month

 

[iandsm]

You are much better off switching than just opening an account with another bank and closing your N&P one yourself - you should definitely use the 'Switch' service as you'll get paid to do so! Check out which bank is best for you and also what benefit you get for doing so, as well as which perks each account has (interest, cashback etc) there are various ones out there that pay you up to £150, check it out here:

http://www.moneysavingexpert.com/banking/compare-best-bank-accounts

Some info here about using cards abroad:

http://www.moneysavingexpert.com/travel/travel-credit-cards#debit

N&P tell me today they are NOT part of the switch service, you have to arrange the direct debits yourself with the payee so they can take the payment from whatever new bank account you set up. You wil NOT get the £100 or whatever the switch servicecwould have paid. So as far as N&P/Yorkshire BS are concerned, to all their previously loyal customers its F you.

 

[iandsm]

http://www.moneysavingexpert.com/travel/travel-credit-cards#debit

Thanks but I don't I've in London or within the area of the Cumberland BS and Virgin do charge so not really an alternative. But thanks anyway.

^{_{Subscribers  do not see these advertisements}}

 

[iandsm]

Now a little further forward, the plan is its going to be the Halifax Clarity card for everyday spending repaid by direct debit when the statement comes in so no interest or charges to pay. Also going to use it for ATM withdrawals but then use a telephone banking app to immediately repay whatever amount the withdraw was from our normal current account, thus we will pay no interest on the ATM withdrawal either.

 

[spitfire]

Now a little further forward, the plan is its going to be the Halifax Clarity card for everyday spending repaid by direct debit when the statement comes in so no interest or charges to pay. Also going to use it for ATM withdrawals but then use a telephone banking app to immediately repay whatever amount the withdraw was from our normal current account, thus we will pay no interest on the ATM withdrawal either.

I would check that works first . I took cash out with my credit card once by mistake but did as you suggested and repayed said amount by internet but all it did was reduce my balance on the card and charges were still applied .

 

[iandsm]

I would check that works first . I took cash out with my credit card once by mistake but did as you suggested and repayed said amount by internet but all it did was reduce my balance on the card and charges were still applied .

Thank you, absolutely right I will need to repay the whole outstanding balance whenever I take an ATM.

^{_{Subscribers  do not see these advertisements}}