Bank question

Camalot

Camalot

Camalot

Soldato
Joined
7 Mar 2005
Posts
6,918
Location
Wolverhampton
Quick question really.

I've been told by my mom that my brother wants to use my bank account to get his wages paid into as he is having trouble opening an account. :mad:

Just wondering, will this affect me in anyway? Tax wise or anything? Or would it be fine.

Cheers,
Adam.
 
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Get him to take a pound and a few forms of ID to a bank. Unless he's wearing a balaclava and holding a french loaf under a newspaper he should be able to open an account.
 
Anyone can open a basic account in a bank tbh.
Tell him to go round all the banks with a quid, some id and proof of address.

If he's young its probably "I can't be bothered to go round and get an account" not "I can't get an account".
If he's old, how has he survived for so long without an account, I would have thought everyone needs a bank account at some point.
 
He says hes got nothing to use for proof of address as hes got no bank statments (aint got a bank account) and no bills (hes not had a job in years, hes gf used to pay everything who he has now split up with). I checked my credit report and there is an entry for fraud for this address. It seems he applied for an account with TSB and used this address when he wasnt registered as living here. So he has that on his name. Also a 4k loan with barclays and he hasnt paid non of it.

TBH hes a fool. I don't know what to tell him. I dont know if i should let him use my bank account if its going to bump up my tax or something.

He owes me £70 as it is, and ontop of all this crap, hes trying to get me to take a phone contract out for him :mad:
 
You'll probably find loads of aweome direct debits at the end of the month! Not to mention he'll probably want a cash card to withdraw his earnings. Tell him to use your mums.
 
Sounds like you're in a world of hurt there mate. Your mum is helping matters by siding with him and telling you what to do.

Be careful or he'll drag you down with him.
 
I thought this was a brother starting out in line, not having made as many mistakes with money as that.

No chance would my brother get my account. Too much to go wrong.

Why can't your mum let him use hers?
 
Just make him pull his finger out and get an account sorted out - if he makes an effort and jumps through a few hoops it will be sortable. Sounds like he could do with a bit of a kick in the jacksie.

You would not pay extra tax because you share an account with someone but it would be pretty wierd and risk having problems if he abuses the situation.
 
I would not allow him to have a card to withdraw any money, i would draw out his earnings myself and give them him.

Still not happy about sharing my account. Think ill just tell him no, but id feel bad :/

My moms already told him he can't use their account, my younger brother also has money trouble so he wouldnt let him. Just leaves me. :o

Don't think he wants to do it long term, just untill he gets his own sorted. Hes due his pay soon but now has no account for it to go into basically.
 
Tell him no then if you aren't comfortable, he'll have to use your mums for the first month then when he's got his payslip (which i'm fairly sure is proof of address), he can get his own account.

Google came up with halifax easycash account which apparently doesn't need any proof of address. Just one proof of ID.
 
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Camalot said:
I would not allow him to have a card to withdraw any money, i would draw out his earnings myself and give them him.

Still not happy about sharing my account. Think ill just tell him no, but id feel bad :/

My moms already told him he can't use their account, my younger brother also has money trouble so he wouldnt let him. Just leaves me. :o

Don't think he wants to do it long term, just untill he gets his own sorted. Hes due his pay soon but now has no account for it to go into basically.
Click to expand...

my advice? tell him to get a cheque from his employer and get his own lazy account. i can honestly see you sufferring greatly by allowing him significant access to your account!
 
If he has a history of fraud, don't be surprised if all banks and building societies refuse to offer him an account.

Offering someone a basic account costs the provider a considerable amount of money (at least at the moment they do, until we all start getting charged a monthly fee for a basic account a la rest of the world). This cost is offset by selling the account holder other products, e.g. loans, insurance, savings products, etc... However, if the customer has a nasty habit of refusing to pay for things, then the provider is likely to not be interested in taking the risk of them doing so again, and therefore they wouldn't be able to recoup the costs of offering them a basic no-frills account. So, they make things easy and don't bother offering them an account in the first place.

He may get lucky... but then again, he may not. If he is refused a standard current account then the Tuxedo card I mentioned earlier should still be OK. They work differently, as the costs associated with running such a card are made back by charges associated with the card. Normally, these pre-pay debit cards aren't interesting to us "normal" folk who can obtain a current account by walking down the High Street, but for your brother it sounds like it could be an ideal solution.

http://www.tuxedocard.co.uk/
 
Thanks mate, he just text me asking to use my account as a one off. I knew he would! I text him about Halifax, but a quick read of their site, i dont think they will allow him to open one due to having fraud on his name.

Ill give him this site, sounds ideal. I'll probably have to pay for it though :o
 
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