Debit cards

[cossy400]

Not for me but a mate is after just a plain debit card he can transfer money on to everywhere as quite frankly he's very close to bankrupting himself.

Has to be a card

Revoulut?
Chase?

I'm not sure how he's going to not just revert back to the other card but he's asked me and I've no clue so im offering it to the PH gods.

There is a few changes he's already made to try and fight it off but he thinks this will help, I'm.not so sure hence in an ideal world just a flat no frills debit card.

[forest07]

Why does he not use his current account debit card or will his bank take any additional income to pay off his overdraft.
Sounds as he needs some proper advice.

[Countdown]

cossy400 said:

Not for me but a mate is after just a plain debit card he can transfer money on to everywhere as quite frankly he's very close to bankrupting himself.

Has to be a card

Revoulut?
Chase?

I'm not sure how he's going to not just revert back to the other card but he's asked me and I've no clue so im offering it to the PH gods.

There is a few changes he's already made to try and fight it off but he thinks this will help, I'm.not so sure hence in an ideal world just a flat no frills debit card.

I'm a bit confused. If he can't control his spending with one debit card why will having two make it any easier?

[DickyC]

Natwest Foundation Account. It used to be called the Step Account.

For students and insolvents.

Very basic but with a debit card.

I still use mine even though my insolvency was a long time ago.

[twing]

i have this https://suitsmecard.com/

Mainly use when I'm out at the weekend and it does make me more mindful of how much I'm spending.
Customer service is brilliant

[Jamescrs]

I’m not understanding what a new debit card will offer his current one doesn’t?

Aside of my main account I have a Sterling account which has no O/D facility and that has a debit card so that may work for the friend? No money in account then no spending allowed.

[C69]

If he's just looking for a pre-paid debit card, there are some suggestions here: https://www.moneysavingexpert.com/credit-cards/pre...

Need to check for things like annual charges and ATM fees with this sort of card, though.

[alangla]

Also worth considering some of the travel prepay cards as these can usually be loaded with GBP and used as normal UK debit cards. You do need to watch for dormancy fees if the card falls out of use though. I’ve got a Caxton card that’s fine to use in the UK and, as far as I can tell, doesn’t charge an ATM fee either at home or abroad, but does charge £2/month dormancy if it isn’t used for over 12 months. I avoided that last year by putting £50 on and using it as a normal debit card. Other cards (eg WeSwap) appear to charge ATM fees and are probably less suitable for what the OP wants.

[blueg33]

alangla said:

Also worth considering some of the travel prepay cards as these can usually be loaded with GBP and used as normal UK debit cards. You do need to watch for dormancy fees if the card falls out of use though. I’ve got a Caxton card that’s fine to use in the UK and, as far as I can tell, doesn’t charge an ATM fee either at home or abroad, but does charge £2/month dormancy if it isn’t used for over 12 months. I avoided that last year by putting £50 on and using it as a normal debit card. Other cards (eg WeSwap) appear to charge ATM fees and are probably less suitable for what the OP wants.

I was also going to suggest Caxton.

[cossy400]

I'm back.

His thinking not that he's very good at it.

Is the old card will be cut up or given to someone whose clearly an adult in such matters.

Leaving him with an allowance instead of living like a champagne millionaire on a lemonade budget.

Hence he's only after debit card.

I've already mentioned seeking help etc and or thou he's on board to it he's still wanting one last shot at sorting it himself.

I've no clue about debit cards and the ins and outs of them.

But now I have some options I can throw them his way etc.

Thanks for the input.

[Countdown]

I might have missed something- are you thinking of one of those prepaid debit cards (that you or someone loads up with cash) and you can only spend until the card runs out?

[Simpo Two]

cossy400 said:

Hence he's only after debit card.

I've already mentioned seeking help etc and or thou he's on board to it he's still wanting one last shot at sorting it himself.

A debit card won't help him get out of the debt he's already in and presumably the interest piling up. Seems he will need outside help with that.

A debit card is not the opposite of a credit card... All it does it subtract money from your current account, like writing a cheque only quicker.

[cossy400]

Countdown said:

I might have missed something- are you thinking of one of those prepaid debit cards (that you or someone loads up with cash) and you can only spend until the card runs out?

Excuse my ignorance but yes I think so. He's just suggesting he has a limit every week instead of being paid fri and broke by Sunday.

It's sounds odd now I've written it out but sadly these people do exist even at 40 plus years of age.

[cossy400]

Simpo Two said:

cossy400 said:

Hence he's only after debit card.

I've already mentioned seeking help etc and or thou he's on board to it he's still wanting one last shot at sorting it himself.

A debit card won't help him get out of the debt he's already in and presumably the interest piling up. Seems he will need outside help with that.

A debit card is not the opposite of a credit card... All it does it subtract money from your current account, like writing a cheque only quicker.

It's a separate card/account that he can load up fri and then that's all he's got.

Not a card on his current account.

Like a child's account I guess.

Forgive my poor explanation of it, I'm just trying help him out.

[Countdown]

cossy400 said:

Countdown said:

I might have missed something- are you thinking of one of those prepaid debit cards (that you or someone loads up with cash) and you can only spend until the card runs out?

Excuse my ignorance but yes I think so. He's just suggesting he has a limit every week instead of being paid fri and broke by Sunday.

It's sounds odd now I've written it out but sadly these people do exist even at 40 plus years of age.

Have a look at the cards below

https://www.mastercard.co.uk/en-gb/personal/find-a...

[Simpo Two]

cossy400 said:

It's a separate card/account that he can load up fri and then that's all he's got.

Ah I see, thanks. Yes I suppose that would be useful to stop further overspending, and he wouldn't get done for overdraft charges like a normal bank debit card could.

Once upon a time something called 'cash' did that very well. You got £20 in a brown envelope on Friday, you knew exactly how much you had, and if you spent it all before the next Friday, tough! The rise of easy credit has a lot to answer for.

[cossy400]

Simpo Two said:

cossy400 said:

It's a separate card/account that he can load up fri and then that's all he's got.

Ah I see, thanks. Yes I suppose that would be useful to stop further overspending, and he wouldn't get done for overdraft charges like a normal bank debit card could.

Once upon a time something called 'cash' did that very well. You got £20 in a brown envelope on Friday, you knew exactly how much you had, and if you spent it all before the next Friday, tough! The rise of easy credit has a lot to answer for.

I've suggested that as I take cash to work aswell as my card, but not all places accept it

But I'm not useless with money so I only buy what I need no useless stuff I don't.

I'll suggest some of these amd leave it with him.

You have to help yourself sometimes don't you.

Might sound harsh when times are hard but it's reality for alot of people at the minute.