New type of bank account

[k65]

I have a pre paid mastercard accepted just about everywhere i get charged 4.95 per month and its working well for me you can have salary paid in or top it up at the post office, i got it from mycashplus dot co dot uk no credit checks read all the terms and conditions to make sure its ok for you. i know i need to pay 4.95 per month and i budget for that so far ive not had any other charges.

[76Bramble]

I had the Think Banking account for 3 weeks, i had also applied to Coop and Halifax. I did not realise at the time it was part of the Gregory Pennington group and not once was i told from them either. I only found out after i had opened the account and done a google search.

2 weeks later i received acceptance letters from both Coop and Halifax which i was really suprised about, as i have bad credit rating.

I then rang up and cancelled this account straight away, losing out on the fees of course.

My opinion is try others first and only use this as a last resort. I was desperate to get away from Lloyds and Think banking opened the account straight away.

[gigglygirl]

I have read this thread with great interest, so thank you for all your posts...

 

The reason being that my partner and I have just started the process of an IVA, WITH Gregory Pennington AND we have been given a Thinkbanking account...!

 

Now I am really worried that we are going to be screwed over or something.

I thought it all sounded a bit too good to be true..!

 

 

Hey MemmaJ, I hope your mind was put at ease, one of my family has an IVA with Gregorry Pennington too and the Think Bank account - it's the best thing they've ever done!

They've not been 'screwed' at all!! Yeah, they pay £15? per month for the bank but they NEVER can spend more than they have or get bank charges [after they were gettin £60 pm from H'fax £15 pm is great] and to be honest, I wasn't in any state they were and now I have one!

Mine's £12.50pm [there's is joint so it's different] and I did pay £25 but even paying them everymonth, I'll still be better off then I was before with charges.

I know someone asked what happens if bills change - well, they call me when my mobile bill is more than I set aside and then I choose what to do.

 

Think the people slagging it need to know more. Might not be for everyone - nothin ever is!

 

Good luck sortin things out:)

[itsamomentintime]

 

 

Hey MemmaJ, I hope your mind was put at ease, one of my family has an IVA with Gregorry Pennington too and the Think Bank account - it's the best thing they've ever done!

They've not been 'screwed' at all!! Yeah, they pay £15? per month for the bank but they NEVER can spend more than they have or get bank charges [after they were gettin £60 pm from H'fax £15 pm is great] and to be honest, I wasn't in any state they were and now I have one!

Mine's £12.50pm [there's is joint so it's different] and I did pay £25 but even paying them everymonth, I'll still be better off then I was before with charges.

I know someone asked what happens if bills change - well, they call me when my mobile bill is more than I set aside and then I choose what to do.

 

Think the people slagging it need to know more. Might not be for everyone - nothin ever is!

 

Good luck sortin things out:)

 

why didnt you just claim your charges back?

[gigglygirl]

We both tried, got letter back saying they were not going to do anything and to be honest, even though we got the claim forms, we just didn't persue it. I believe all claims are now on hold?

 

Even if we did get them back, don't think I'd ever go back to one of those accounts. I love having one person to deal with and they're so lovely - at least I know I can't get in trouble now!!

[itsamomentintime]

its true that claims are on hold but you should file with court anyway