Whats the best bank?
- Thread starter Bengaboy
- Start date
Surely if you got paid 100k a year and it went into that account you could still transfer the lot out of the account the day it goes in and then they can't make any money on it. Interbank transfers don't take 3 days anymore.
They make money on it even if it is only there for a few hours, besides which large amounts of money do still take 3 days to transfer. The account wouldn't be offered if the banks didn't make a profit on it.
The account wouldn't be offered if the banks didn't make a profit on it.
now that just CAN'T be true... HBOS have given me a current account with an interest free OD limit of -2750, I think it's been in the black for a total of about one week in the 3 years I've had it. I guess they're relying on me staying with them when I graduate and hoping I actually earn some money.
Soldato
- Joined
- 30 May 2007
- Posts
- 5,014
- Location
- Glasgow, Scotland
Im just leaving hsbc too actually... going to bank of scotland/halifax 
Its £19.95 for ALL of those features which are worth rather more than that. The money goes through the account anyway, you only need to shift £4200 on average per month through it to meet the "criteria". Money has to go through current at some point.
Don't know what my bank (Lloyds TSB) interest rates are on saving accounts
But i know there finance interest rates are sky high
I wrote part of the loan quote engine for them
But don't blame me for the rates on there!Yes, people generally stay loyal and students often spend with their credit card, that's the main idea behind giving student accounts with a 0% overdraft.
by that do you mean they're Polish instead of Indian?
Are you going to explain to me why you think that account is a rip-off, or are you just not going to reply? How else do you suggest money is routed in order to maximise the returns? (Genuine question, maybe i can make some money in a way i haven't thought of)
You posts imply that you don't consider it very good value, and are playing down the extra's. The thread is about the best bank account - i think we have found it as long as you meet the criteria for it which i would imagine a fair few people here do
I haven't played down the extras, I haven't said anything about them in fact. I think the account is good value, (depending on the t&c's). Just that it isn't anything to be suprised about when large amounts are going to be moving through the account.
