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Halifax/Bank of Scotland Megathread - Read Post #1 First!

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    #92
    Oryx
    Subscribers Posts: 19,425 ✭✭✭✭Oryx


    Lux23 wrote: »
    You can take it that this is the case unless you are already in arrears.
    Take it from who?


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    #93
    jor el
    Closed Accounts Posts: 16,713 ✭✭✭✭jor el


    It's being discussed on every talk radio show today, and the consensus is that any outstanding debt on credit cards or overdrafts will be converted to a personal loan with a fixed payment period. That wouldn't be too bad, unless of course they try to be unreasonable about the term of the loan (making people pay more than they can afford).

    Everyone should start making applications to other banks right now, and see if you can offload accounts and cards before the May deadline.


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    #94
    JonnyBlackrock
    Closed Accounts Posts: 143 ✭✭JonnyBlackrock


    Originally I had a Barclaycard, they pulled out and transferred me over to Halifax, and now Halifax are pulling out too.
    Fortunately I don't have a balance as I pay the whole bill every month.
    I've just rang them and they said my card will be cancelled at the end of May and I'll be left with nothing. Marvellous, bloody marvellous.


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    #95
    JJ1505
    Closed Accounts Posts: 14 ✭JJ1505


    jor el wrote: »
    It's being discussed on every talk radio show today, and the consensus is that any outstanding debt on credit cards or overdrafts will be converted to a personal loan with a fixed payment period. That wouldn't be too bad, unless of course they try to be unreasonable about the term of the loan (making people pay more than they can afford).

    Hopefully this will be the case - I know it's early days for the bank to sort this out. If they converted it to a personal loan it would be great, however I have my doubts they will seeing the answer I got earlier on the phone.


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    #96
    MunsterCycling
    Registered Users Posts: 4,864 ✭✭✭MunsterCycling


    The debt is owned by the card company and not the bank itself, Visa or Mastercard, it should be no problem to just transfer it to another institution that issues these.

    MC


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    #97
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    commited wrote: »
    Hey folks,

    I'm in the fantastic situation of doing all of my banking with Halifax which means I have to move everything now. I have my current account, a savings account which is pretty much empty and a Visa credit card.

    The reason I joined Halifax was their fee free banking, positive reports from mates in the UK, 6 months interest free on the CC and their loan rates were good. My experience overall hasn't been great - slowest in bank experience and everything appeared to be from the dark ages. Nothing like the UK. I digress.

    I was with AIB before, and I was happy with them, but I don't want to go back to paying fees. What's my best alternative bank for Current account and CC? I clear my CC every month so I'm not really bothered about the interest rate on it.

    Ta!

    Every bank offers free fees in one shape or form.


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    #98
    nev0
    Closed Accounts Posts: 20 ✭nev0


    I'd imagine Ulster Bank will get a lot of Halifax business


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    #99
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,920 Admin ✭✭✭✭✭Toots


    Threads merged.


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    #100
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    From the info I got (by email) today, Credit Cards will have to be paid off. Loans will be allowed to run their course. However, as someone rightly pointed out those in arrears cannot just clear their credit card. I'd suspect you'll be offered a loan and told tough.


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    #101
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    nev0 wrote: »
    I'd imagine Ulster Bank will get a lot of Halifax business

    How or why ceases to amaze me. Ulster is next in line to Halifax in terms of poor customer service. Anyone whose ever had to deal with Tesco aka Ulster Bank (loans when they were available through Tesco / credit cards) will tell you that.


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    #102
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Moved to Banking & Insurance & Pensions

    dudara


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    #103
    patwicklow
    Registered Users Posts: 1,937 ✭✭✭patwicklow


    Nation wide Uk Ireland they have now set up here and offer some good deals
    or for no charges on D.D ect i find postbank fairly good.
    Aib and Bol are just money grabbers id rather keep it under the mattress then bank with them.


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    #104
    nev0
    Closed Accounts Posts: 20 ✭nev0


    Lux23 wrote: »
    PTSB will also be offering Visa Debit soon and there are rumours that BOI will take it up too.

    BOI were saying Visa Debit cards were on the way "in the very near future" about 4 years ago.


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    #105
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Moved to Banking & Insurance & Pensions

    dudara


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    #106
    Dr.Winston O'Boogie
    Registered Users Posts: 1,812 ✭✭✭Dr.Winston O'Boogie


    I have a Halifax credit card, not sure what this means for me then? Is it ok to continue using it?


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    #107
    Stevek101
    Registered Users Posts: 1,281 ✭✭✭Stevek101


    Lux23 wrote: »
    PTSB will also be offering Visa Debit soon and there are rumours that BOI will take it up too.

    I heard about PTSB taking up Visa Debit in the Sunday Business Post. What about the rumours with BoI, any credible sources?


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    #108
    schween
    Registered Users Posts: 444 ✭✭schween


    stepbar wrote: »
    How or why ceases to amaze me. Ulster is next in line to Halifax in terms of poor customer service. Anyone whose ever had to deal with Tesco aka Ulster Bank (loans when they were available through Tesco / credit cards) will tell you that.

    Halifax...poor customer service? I found Halifax to be better than UB, AIB and far better than BoI.


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    #109
    100gSoma
    Registered Users Posts: 1,285 ✭✭✭100gSoma


    Laser card is effectively AIB and BOIs baby... They won't be changing to VISA Debit at any stage in the medium term (or possibly the long term). no way. Any rumours to the contrary are totally unsubstantiated and I would welcome any evidence suggesting otherwise. as for PTSB switching to VISA debit, I would not be holding my breath, and it certainly won't be before May, but possibly not this year if at all.
    I agree with the other poster, I would rather put my money under the mattress than go back to BOI or AIB. Worst customer service I have ever experienced in my life, and almost every little change required red tape, multi department dealing, post in signed letters, and/or a trip to the branch. zzzzzzz...
    Halifax were very helpful customer service wise and I'm sad to see them go. I also have savings accounts with UB so will probably put my current account there as they have been quite helpful so far in my dealings with them. Plus of course the VISA debit card offering, and it avoids the big Irish rip off conglomerate.


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    #110
    keary79
    Closed Accounts Posts: 33 ✭keary79


    i work with one of the main banks aib. in credit card section. this is only options im giving people.
    i would suggest sticking with the irish banks as they wont be going anywhere unlike foreign banks.
    aib have a credit card the click card which as a low interest rate 8.5% this is on purchases. cash is more. but its subject to lending criteria.
    its internet based meaning you will receive your statements via internet banking.
    see aib.ie for more info.
    already today applications are up from people moving over from halifax


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    #111
    keary79
    Closed Accounts Posts: 33 ✭keary79


    i work with one of the main banks aib. in credit card section. this is only options im giving people.
    i would suggest sticking with the irish banks as they wont be going anywhere unlike foreign banks.
    aib have a credit card the click card which as a low interest rate 8.5% this is on purchases. cash is more. but its subject to lending criteria.
    its internet based meaning you will receive your statements via internet banking.
    see aib.ie for more info.
    already today applications are up from people moving over from halifax


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    #112
    keary79
    Closed Accounts Posts: 33 ✭keary79


    i feel bad for the staff.
    i also work in the banking sector so its scary times for us all.
    who knows what will happen lol


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    #113
    dolby
    Registered Users Posts: 105 ✭✭dolby


    Guys how bout national irish bank, any reports on them?


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    #114
    Jesus Wept
    Registered Users Posts: 25,243 ✭✭✭✭Jesus Wept


    Went in today to make a deposit. It was like being at a funeral.


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    #115
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    dolby wrote: »
    Guys how bout national irish bank, any reports on them?

    Closed for lending, and for new business customers as far back as the middle of last year. Closing half their branches. My parents now have to travel 20 miles to the nearest branch to lodge a few quid. NIB is in a sorry state, truth be told.


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    #116
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    MunsterCycling wrote: »
    The debt is owned by the card company and not the bank itself, Visa or Mastercard, it should be no problem to just transfer it to another institution that issues these.

    MC

    Totally incorrect. Visa and Mastercard are credit card transaction networks. They do not hold any responcibility for the debt.


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    #117
    gandalf
    Registered Users Posts: 26,458 ✭✭✭✭gandalf


    Well I've applied to AIB for a card and hope they will clear me, will find out next week. Given Halifax have been told by HM Government to get as much cash back into the UK I can't see them offering people loans unless they are using a third party.

    I can also see severe issues with Irish Banks providing people with adequate facilities for transfering of balances when they are not giving money out as credit to viable businesses.


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    #118
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭ScouseMouse


    What do you expect? I'm surprised they even turned up. They have just been sacked, with no realistic opportunities on the horizon. The staff in Tallaght are super and deserve better.

    I have go in and close my savings accounts but dont know what to say....


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    #119
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    deadtiger wrote: »
    Well I've applied to AIB for a card and hope they will clear me, will find out next week. Given Halifax have been told by HM Government to get as much cash back into the UK I can't see them offering people loans unless they are using a third party.

    Halifax will be offering loans to customers who do not have the ability to pay off their credit card in one go.
    deadtiger wrote: »
    I can also see severe issues with Irish Banks providing people with adequate facilities for transfering of balances when they are not giving money out as credit to viable businesses.

    That is so incorrect. Any viable company is getting the money they need. The business people shouting the loudest at the moment are the ones who "think" their company is viable.


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    #120
    gandalf
    Registered Users Posts: 26,458 ✭✭✭✭gandalf


    stepbar wrote: »
    That is so incorrect. Any viable company is getting the money they need. The business people shouting the loudest at the moment are the ones who "think" their company is viable.

    Firstly can you edit that post to remove the addition you made to my quoted post please. Its quite childish to edit it to suit your own ends.

    Secondly I can assure you that businesses are not getting credit I know I am on the front line in one at the moment and am seeing the effect first hand on small businesses in this country both our customers and our suppliers.


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    #121
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Childish :rolleyes: See what I done there....

    Moved my other point into your post.

    Now I'm going to do this..... move it back out again.....

    Get it?
    deadtiger wrote: »
    Secondly I can assure you that businesses are not getting credit I know I am on the front line in one at the moment and am seeing the effect first hand on small businesses in this country both our customers and our suppliers.

    So, now you've become an authority fiqure?

    Tell you what.... here's an offer... send me the accounts for this so called company and an outline of the facilities needed and I'll give you my opinion on it.....

    This crap about banks not lending is simply untrue and getting a bit tired truth be told.


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