The Co-operative Bank chat

Is 1976 considered ‘historic’ now?

The Co-Operative Bank offices will move out of its historic home of Delf House next year, with staff being either transferred to other offices or instructed to work from home.

I would’ve thought the historic home of the Co Op Bank is the big office in Manchester in Balloon Street? And that’ll be the controversial one to close if/when Coventry BS move all their admin services into their own HQ?

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It is if you’re a child. One asked me the other day if we had cars when I was little :laughing:

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We had amphicars when I was little. Looked really weird to see the car driving down the ramp and on into the sea.

As littlers, we all had cars in 1976:

(I had one of those exact dragsters - the ‘Inferno’ at 5:58 in the vid - when I was 8 or 9yo)

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Just gone to the Smile website to change a standing order (not possible in the app!) and saw this:

RIP Smile it seems. It’s been no different from the Co-op accounts for many years now so it’s not a surprise. Still… :pleading_face:

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While co-op gets a bad rep, I’m with them for a few reasons:

  1. For the switch offer including £25 a month for 3 months when meeting some transaction requirements. Treating this as a coffee / tiny incidental purchases spending account and the £25 actually replenishes what I’ve spent and I haven’t had to add too much additional money to the current account. After my 3 months are up I will stop using the current account but keep it open so I’m eligible for:
  2. The regular saver - 7% interest on £250 a month.
  3. Our mortgage is also with co-op, the only lender that would accept my husband’s income as he was a contractor at the time.

The app to be honest isn’t that bad and fairly clean. Bank transfers and purchases do take a while to show up which does stress me out sometimes. I wish there felt like there was more of an effort being made to improve it all though.

The mortgage shows in the app but only as a balance - I have seen friends mortgage account shows the repayments and added interest as transactions in her app (nationwide i think) is this pretty standard and co-op are just way behind?

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Halifax shows this too

They’ve just introduced the ability to block your cars off its stolen via the app.

Still have to login to internet banking, send a message, and wait 6-8 working days for a PIN reminder via the post however.

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They are catching up very slowly. Soon you might be able to add your card to Apple / Google Pay on the app!

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That’s easy for you to say…

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Wonder if this is a sign that Coventry are going to use the CoOp platform?

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Further co-servicing at CovBS & Co-op.

I reckon a CovBS Current Account is going to launch Q4 this year. That’s what my money is on. Cuz it’ll be 21 months since the purchase of Co-op.

Where’s that logic from?

Few things. They’ve already been trialling co-servicing of accounts, and this is another expansion of it.

Their annual reports seem to suggest it’s something they definitely want to get into.

And it’s not like Nationwide and Virgin Money where they both offer current accounts.

So I feel (and I could be totally wrong) that Oct-Dec this year seems like a good time for them to roll out current accounts. If not, Q1 2027.

Especially with Nationwide snapping up all these customers with the switching bribes, it only makes sense for CovBS to not hang around with current accounts. And they’ve had plenty of time to figure out how they’ll integrate it alongside the Co-op accounts.

CoOp did coservicing with Britannia. Basically they installed a Britannia terminal in the CoOp branches. Presumably this will start the same way. It was several years before the Britannia accounts were moved over to CoOp equivalents.

Speculation.

Starling have wanted to launch their credit card “soon”. We are 6 years in :joy:

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I love a bit of speculation. Where’s the fun in life if we can’t!

Oh yeah it’ll be ages before Co-op gets migrated to CovBS. Current accounts is easy, CovBS just needs to make their own. I’m interested as to what CovBS will do about credit cards.

Coventry already have their own. It just doesn’t have a debit card anymore.

The Money Manager Account, originally called Coventry First, I believe. It hasn’t been open to new customers for years.

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Indeed, but for those of us who still have the account, it’s fully operational, apart from not having the debit card from 2019. However, they are still in the DD system and CASS (though you can currently only CASS out, of course).

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