Linked Banks and Creditors

When dealing with your debts, it’s important to ensure that you take the right steps to protect your income in the process.

If you owe money to your bank, they can use the “right to offset” to transfer money from your current account without your permission to pay towards your debts. This can happen through linked providers too, you can view a list below of the banks that are linked together as groups.

Lloyds Banking Group

Lloyds
Halifax
Bank of Scotland
HBOS
MBNA
Birmingham Midshires

NatWest Group

NatWest
RBS
Ulster
Lombard
Sainsburys Bank

Santander

Santander
Alliance & Leicester
Cahoot
TSB

Nationwide

Nationwide
Virgin Money

Barclays

Barclays
Barclaycard
Tesco Bank

HSBC

HSBC
M&S Money
First Direct

Co-operative Bank

Co-operative Bank
Coventry Building Society

Standalone (for now?)

Monzo
Starling Bank
Chase UK
Revolut
Metro Bank
Zopa Bank

We recommend opening a new basic bank account to stop this from happening.

What is a basic bank account?

A fee-free basic bank account works in the same way as a typical current account. You’ll receive a debit card that you can use to pay for goods or services online and in-store and withdraw cash. You’ll be able to get your wages, benefits or other income paid into the account, and you’ll be able to set up direct debits or other payments.

The main difference is that you won’t have an overdraft or a chequebook.

Where can I open a basic bank account?

We recommend opening a new basic bank account with a bank or building society to which you don’t have any financial ties.

Depending on who you owe money to, you could open an account with:

Lloyds Bank
Coventry Building Society
Santander
Leeds Building Society
Starling Bank
HSBC
RBS
Barclays
Nationwide
NatWest
Monzo

Get advice now

Get free debt advice online or call 0800 316 1833 to speak to one of our experts. We’ll explain the solutions available, check what you may be eligible for and help you choose the option that best fits your situation.

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