ball rolling

[kallis3]

No, you should have no problem with that. The majority of us do it.

[Shining]

All your standing orders or direct debits can be transferred to your new account fairly easily. I did it all myself and once you've contacted the releavnt company it's pretty painless.

x

[SharonC]

I bank with ThinkBanking.com through RBS. It's a managed account so your Direct Debits are kept separate. You know exactly where you are with your money. There's no credit checks. £25 set up fee and £12 per month. I'm still keeping the account. It really helps with keeping to a budget

[bustedbert]

is living with parents classed as renting

[kallis3]

I suppose it would be as you obviously pay them board. You would have to be able to provide proof of the fact that you are paying them money but VB will advise you about that.

Personally speaking, I wouldn't use an account that charged me unless I had to as there are so many free ones still out there.

[bustedbert]

yep i assume this because no matter who lives at the property if i have free run of the property but am not the owner but pay a fixed fee for this access then this is a rental fee.

[kallis3]

I think so but as long as you can send in proof of what you are paying there shouldn't be a problem.

VB will sort this out for you.

[kallis3]

I think so but as long as you can send in proof of what you are paying there shouldn't be a problem.

VB will sort this out for you so don't worry!

[bustedbert]

Just had confirmation off VB that living at home is classed as rent.only need letter of confirmation of ammount.

[kallis3]

Sounds as though you are sorted then!!

[bustedbert]

yes another step in the right direction, can get on tomorrow now getting requested paperwork and information ready to send to VB.
I know its early days but I feel better already, positive thinking.
Thanks everyone here for your support and answers to questions, I will keep you up to date on my journey, if i can help anyone on the way then i shall.

[kallis3]

We're here to help you as well with anything you have a problem with at any time of day or night. There is usually someone around.

[flumpy dog]

hey BB good luck hun. kal is right there is ALWAYS someone here for you hun xx fd

[bustedbert]

when opening a basic account do i need to tell them about credit cards etc.

[kallis3]

No, your bank don't need to.know any of your other financial details.