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FingersCrossed
Starting Member
United Kingdom
13 Posts |
 Posted - 28 May 2009 : 11:58:17
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So I was declared bankrupt last Wednesday (20th).
All fine so far, been in contact with the OR etc.
Except I'm having a problem, I can't get anyone to give me a bank account.
So far I've been into both Natwest and Barclays; Barclays took a week to say no, Natwest I haven't heard back from. I've called up Lloyds who said there's no point in even applying, RBS said it would be illegal for them to give me an account.
So far what's left that I can think of is:
Halifax
Nationwide
I would apply for a Coop account, but unfortunately one of my creditors was Smile.co.uk, who are part of the Coop group, so I don't think that's really an option.
Otherwise theres a managed account, which I can't really afford, or a pre-paid card, but I don't think you can set up direct debits and standing orders on them? (I was looking at this one: http://www.mycashplus.co.uk/)
RBS advised me to call CAB which I'm about to do.
Anyone have any recommendations of what I can do? I currently have everything going through my partners account which isn't really a viable long-term option!!
Thanks.  |
Edited by - FingersCrossed on 28 May 2009 11:58:34 |
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memphisd56
Junior Member
United Kingdom
112 Posts |
Posted - 28 May 2009 : 12:16:11
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Hi, I opened a Co-op Cashminder account, just before BR, only to discover, when i logged on...that i owed them around £2000 for a seperate loan account. I have recently looked again, and they have removed the load account and left behind the Cashminder...which i can use. They are more BR friendly than you think.
Give them a call!! |
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memphisd56
Junior Member
United Kingdom
112 Posts |
Posted - 28 May 2009 : 12:17:41
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Department of corrections...!
That should have been : removed the LOAN account!
I really should check what i`m typing!...hope it helped, anyway.. |
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FingersCrossed
Starting Member
United Kingdom
13 Posts |
Posted - 28 May 2009 : 12:41:04
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| Is it really a good idea to open a new account with them when they are a creditor though? I thought that kind of thing was frowned upon? =P |
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memphisd56
Junior Member
United Kingdom
112 Posts |
Posted - 28 May 2009 : 12:49:44
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They can take money from one account to offset debt against another...until your bankrupt, then they can`t.
I`m just giving my experience..I can`t see why it would be frowned upon??..you can always talk to your O.R.
I even sent my Co-op card to my O.R, thing the account would be closed...but it wasn`t, they just removed the loan account!!.
I have just transfered £1 into mine, to keep it open...although i have a Think Banking account...i will use the Co-op again, as it`s free. |
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FingersCrossed
Starting Member
United Kingdom
13 Posts |
Posted - 28 May 2009 : 15:30:23
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Well, just spoke to my OR, who said it's not a good idea to get an account with Coop.
Halifax and Nationwide flat-out refused me, so it looks like I have 2 options left.
- Apparently I can appeal the decision from Barclaycard which might get them to open an account.
- Try to adjust my budget to allow for a managed account.
I guess there's the 3rd option to just put everything through my partner's account until I'm discharged. Just a pain since it means carrying around ~£100 in cash (needed for work) |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 28 May 2009 : 16:23:23
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There's also Think Banking, but there is a £12.50 per month charge for that but you are guaranteed to be accepted.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
22 IPA payments made, 14 to go - on the home straight! |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 28 May 2009 : 16:35:09
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Hi
I went with Coop even though they were creditors, they even let me speak to the cashminder underwriter and she was aware of my coop debts and even let me have the account, although they freeze it from time to time lol
Do you have direct debits, if not there is a managed account with a company called credecard they offer a maestro card, or a mastercard (theonyxcard.com) which are prepaid but allow your own account number and standing orders.
Or there is clearcash which is £10 a month but standing orders only
Or if you dont have any standing orders or direct debits natwest offer a first reserve savings account with a solo card, its a savings account but allows wage payments.
Let us know how you get on
Stu J Byron |
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jim_h
Junior Member
United Kingdom
219 Posts |
Posted - 28 May 2009 : 16:43:28
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| i have A IVA WITH LLOYDS TSB SAID I WAS GOING BANKRUPT SAID IT WOULD BE OK SURPRISED ME BUT SAID UP TO LOCAL BRANCH |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 28 May 2009 : 16:56:23
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I think the Tuxedo prepaid card also allows direct debits.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
22 IPA payments made, 14 to go - on the home straight! |
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nicky35
Starting Member
United Kingdom
27 Posts |
Posted - 28 May 2009 : 17:37:39
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Hi fingerscrossed How about trying the Yorkshire Bank, they are said to be 'bankrupt friendly' Good Luck  |
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FingersCrossed
Starting Member
United Kingdom
13 Posts |
Posted - 28 May 2009 : 18:21:18
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Unfortunately I'm nowhere near any branch of Yorkshire Bank, I did check as I read that they were good. I checked the Tuxedo card, and it's something stupid like £2.50 to set up a DD and a further £2.50 whenever they go out. Considering I have all the household bills to take care of thats maybe 10 DD so would end up pretty expensive.
I'm hesitant to open one with Coop after the OR said it was a bad idea.
I guess it's going to be Think Banking, it sounds like the best option, its just annoying about the monthly fee. Anyone with experience of them, what do you think? |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 28 May 2009 : 19:05:42
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Yorkshire Bank arent bankruptcy friendly and Yorkshire Building Society is, but will only allow a passbook account with standing orders not direct debits
Stu J Byron |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 28 May 2009 : 20:08:46
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I was with Think Banking for a very short while and they were rubbish. Their customer service was awful, it took ages to get through on the phone, you couldn't get a balance from a cashpoint and at the time they didn't have internet banking, although I think that might have changed though.
I only ever mention them as a last resort when people have been turned down by other banks.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
22 IPA payments made, 14 to go - on the home straight! |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 29 May 2009 : 00:27:21
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Thinkbankings internet banking is an eyes only service you cant change anything and can only view what comes in and out of your account.
They also dont cancel Direct Debits when asked, And in my experience the card cannt be used over the phone
Stu J Byron |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 29 May 2009 : 00:29:31
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The more and more I look at it, I would recommend Clearcash, have a look on their website www.clearcash.co.uk its a managed service without direct debits but has many unique tools, have a look at that.
Stu J Byron |
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Topic |
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Can't open a bank account
