#2
Already a thread on this. Probably not surprising; YBS themselves don't offer a current account bar the quasi-current Cash Transactor and most likely the costs of providing one (especially one widely rinsed for free travel abroad) don't stack up against the benefits.

#4



Not really going to affect anyone as no one uses it as an everyday current account, apart from using it for freebies as JuicyJesus mentions above.
Originally posted by LeeUK






There's a fair few people in the Norwich and Peterborough areas who'd disagree with you! However they're completely outnumbered by MSErs blagging free spend in Europe while meeting the bare minimum to qualify for the same. This is why we can't have nice things.





This does effectively leave Nationwide and Cumberland as the only building societies providing current accounts. In fact it leaves the number of mutual current account providers very low indeed - with the Co-op effectively demutualising and N&P no longer in the market, you've either got those two or a credit union if you want to bank with a mutual.

#5



Already a thread on this. Probably not surprising; YBS themselves don't offer a current account bar the quasi-current Cash Transactor and most likely the costs of providing one (especially one widely rinsed for free travel abroad) don't stack up against the benefits.
Originally posted by JuicyJesus


YBS Cash Transactor was withdrawn months ago. The equivalent is Coventry Building Society MoneyManager which is the only account of its type still open that I know of:

https://www.coventrybuildingsociety.co.uk/consumer/product/savings/everyday_money/moneymanager.html



According to BBC News the Norwich and Peterborough Building Society brand is to disappear.

http://www.bbc.co.uk/news/business-38746450

#7





This does effectively leave Nationwide and Cumberland as the only building societies providing current accounts. In fact it leaves the number of mutual current account providers very low indeed - with the Co-op effectively demutualising and N&P no longer in the market, you've either got those two or a credit union if you want to bank with a mutual.
Originally posted by JuicyJesus


You can only open a Cumberland current account if you live in one of their operating area postcodes. Which excludes most folk on here.

#8



Info on the N & P website:



http://www.nandp.co.uk/current-account/changes-to-your-current-account/
Originally posted by EarthBoy


Extract: This could lead us to take the difficult decision to close all Norwich & Peterborough current accounts, which we would seek to do by 31 August 2017.



If this proposal goes ahead and you hold a current account with us we will write to you to explain what you need to do next.





Note the word 'could' and the date 31-08-2017.

#9



Extract: This could lead us to take the difficult decision to close all Norwich & Peterborough current accounts, which we would seek to do by 31 August 2017.



If this proposal goes ahead and you hold a current account with us we will write to you to explain what you need to do next.





Note the word 'could' and the date 31-08-2017.
Originally posted by patientperson


They may seek to sell the book to a competitor.

#10



They may seek to sell the book to a competitor.
Originally posted by PeacefulWaters


The book might be bought by Virgin Money. Did they not buy the savings business of Northern Rock? Plus they want a share of the current account market.

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