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“Bye bye managed banking”

written by on 05/06/2016

Can't fault account offered by secure trust, I am disappointed they have taken the dicsion to pull out of the bank account market. And that they were not able to offer an alternative product, I do understand why, but this account keeps your money in a separate account and in order to use your card you have to load it first!! This has been a great budgeting tool for me!! The only high street bank that has copied this idea is santander, yes it's not perfect, I was disappointed when they withdrew secondary cards on the account and could not offer a joint account, but still a good product, however with most of the big banks now offering basic accounts to help people avoid charges and overdrafts free, I can understand why this account can't compete in the current market, at least they have given plenty of notice and a small cash incentive if you close your account sooner. Also if you really can't manage your finances, there is still the likes of cashplus and think banking although charges are a tad hire, just beware people check the small print!! I for one will miss banking with secure trust.