Why would I choose to manage my finances with The Change Account over a bank account?

Managing your finances with The Change Account over a bank account?

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How The Change Account isDIFFERENTto a bank account:

  • There are no penalty charges for missed or late payments
  • There is no overdraft facility which means you can only spend the money you have available in Your Change Account and will not get charged interest rates. Instead of setting up numerous bank accounts, Your Change Account has 2 secure Wallets which assist in categorising your payments and budgeting
  • We offer automatic online Payment Alerts as well as optional payment alerts via SMS*, mobile app and email
  • We will not reduce any debt you may owe to a third party by deducting the money in Your Change Account, meaning your money is not vulnerable to existing creditors.
  • We offer a Rewards Programme allowing you to receive Cash Back onto Your Card account when you shop at participating retailers
  • We do not currently offer paying via cash or cheques
  • We don’t offer International Transfers
  • There are no branches but you can easily Contact Us online, by calling us or writing to us
  • Change Account Limited ensures that once we have received your money it is deposited in a secure client account in Barclays Bank PLC**

How The Change Account isSIMILARto a bank account:

  • Your Change Account offers Direct Debits and Faster Payments
  • Your Change Account has a Prepaid Debit Chip and PIN Card which can be used in store, online and at ATMs worldwide***.
  • Your Change Account has its own dedicated Sort Code and Account Number which means you can transfer money from any other UK bank account
  • You can access and manage Your Change Account online and via our mobile app
You can use this….….WORLDWIDE.

*There is a charge associated with this. See Cost Table

**The Financial Services Compensation Scheme is not applicable for The Change Account and no other compensation scheme exists to cover losses claimed in connection with The Change Account. This means that in the unlikely event that Change Account Limited becomes insolvent your money may become valueless and unusable and as a result you may lose your money. In the event that Change Account Limited becomes insolvent, any money paid in and not credited to The Change Account is not protected against the claims made by creditors.
However, as a responsible company, Change Account Limited ensures that once we have received your money it is deposited in a secure client account in Barclays Bank PLC, specifically for the purpose of redeeming transactions made on Your Change Account.

***Some charges will apply at ATM machines worldwide. See: Cost Table
Some ATM operators may charge an additional ATM withdrawal fee or set their own withdrawal limits.