My U Account Reviews - You Account Review
You Account Card
U: U is the new digital and personal account made for you. U account is being operated by a private company which is situated in Sheffield and it's name is Ffree family finance limited. Many have questions that is U a bank?
So want tell you guys that U is not a bank. They are the first of their kind. You will get all the benefits than a bank gives you, but they will not charge any extra money like banks if you have made any mistakes. Services offered in U card: You will get a contactless MasterCard sponsored by U along with your account.
This card can be used where you will get MasterCard acceptance mark and you can use this card for debiting money from ATM. you can use this account for multipurpose like debit, credit and online payment. This U account offers a cash back also for you, which will be paid to you in form of points, where one point is equal to one dollar. These points will be automatically saved in a point account.
if you have U card here are some great advantage of the card:
- You can use this card as debit card, credit card and banking by an ATM.
- Using this card you can purchase order or make payment in online marketing and online shopping. Except of these all you will get some benefits like cash back and so on.
- By using U card we can perform a very flexible payments. So, no worries to finding an ATM or queuing in bank line or problems of finding changes.
- There are so many retailers which offers you a great discounts if you are using the U card for payment.
- This only card operates all Banking function you need to have.
- It offers you highly secured payment method so that you can feel free to payment by your card
- Either You can check your balance or points you have earned as cash back anytime by logging into your account or you can visit any bank operated such as HSBC, RBS atm with your U card and check your balance.
- You can easily contact their customers service support from internet or mobile phone or email chatting and they will help you obviously because their nature are very helpful. .
Disadvantages: I don't think if you are getting services like this and you will feel some disadvantages.
In my opinion it's the best digital account and have not harmful effects.
Top Up Information
When you reload your prepaid MasterCard sometimes you will be charged a small fee, depending on the method, however nearly all the providers offer at least one free reload option.
Top up fees are FREE OF CHARGE using the following top up providers or methods:
|Free Top Up Charges||Charges||Timescales|
|Bank transfer||Free of charge||Instantly|
|Standing Order||Free of charge||Instantly|
Top Up options that are charged
|Paypoint||4% per load amount||Instantly|
SET UP A PAYMENT:
Payee name: Ffrees Family Finance Ltd
Account number: 8 digit account number
Sort code: 6 digit account number
Payment ref – the 16 digit number across the front of your card
Card Load Limits
|Maximum Card Limit:|
|Maximum Load Amount:|
£5000.00 (bank transfer), £750 (debit card), £249 (paypoint)
|Minimum Load Amount:||£10.00|
|Maximum ATM Withdrawal:|
My U Account
Some cards have usage charges and these charges vary depending on what card you have selected. The charges can apply from transactions to ATM withdrawals and some cards have none at all!
Here is a list of usage charges for the above mentioned card.
|Card Issue Fee:||Free|
|Transaction Fees UK:||Free|
|Foreign Exchange Fees:||3%|
|Monthly Service Fee:||£5 a month|
|ATM Charge UK:||£0.50 per ATM cash withdrawal in the UK|
|ATM Charge Abroad:||£0.50 + 3% per ATM withdrawal internationally|
|Cancellation / Redemption:||£2.50|
|Replacement Card Fees:||£5.00|
|By SMS / Text Message:||£0.10|
|Via the Internet:||Free|
How to Apply
My U Account Card
How to open an account:
Opening an account in U is totally free and convenient. You have to never invest a single money for opening an U account. What you have to do is just contact any personnel of U banking by any method, it can be online, offline or appointment and you will get your account opened in very few days.
Bank doesn't charge money for offering you U card, so you don't have to pay any money to anyone.
You should have minimum age of eighteen years and should have residence of United Kingdom.
This service is not currently available for outside United Kingdom citizens.
If you are not fulfilling eligibility currently you can reapply for later.
After completion of form and confirmation of email they will start your application form. Once they will verify your account they will inform you with account number and sort code. they don't allow you opening a joint account but they are trying to solve this problem also.
You cannot have more than one account with U account but you can apply for another account number for payment. they don't offer any business account.
U account mobile application: U account has made an application to help their customers.
This application name is MyUmobileapp. It offers you navigation alongwith quick transaction services. here are some great specifications of the mobile app of Uaccount:
- You can arrange and customise your home screen yourself as you wish.
- You can check your personal data balance and shared data balance and your freebies with voice minutes.
- You can simply top up for you, your family and friends. 3. You can quickly check your bill and make payment of the bills by using this app.
- You can share easily your credits with family or friends.
- You can easily add-ons the ads displayed on screen just by a single tap. Overall ratings given by me to the U account is five out of five because of its great service and app.