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kelly-v
Starting Member
35 Posts |
 Posted - 26 August 2009 : 17:06:24
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| is there any other bank accounts other than co -op as i have none local to me. can you have a bank account when you are not discharged or do you have to wait? |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 26 August 2009 : 17:10:32
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Hi
The current banks that offer to Undischarged are
Barclays cash account with visa debit
Cooperative Bank cashminder with dressed up electron card
Natwest Step - offered on a case by case basis
RBS Key - same as natwest
Thinkbanking managed accounts offered to anyone with no branches phone/internet bank
Or the other managed services that dont offer direct debits these are:
Spectrum services - OneBanking, Extra Direct, Red88
CredECard Services - theonyx, credecard
ClearCash
And Secure trust bank who are similar to thinkbanking
Best of luck
Stu J Byron |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 26 August 2009 : 17:42:10
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There is also the Evolution Account which is run by Secure Trust Bank. It offers a full account with direct debits and a Mastercard prepaid card.
The only drawback is that it does attract a monthly fee, as Thinkbanking does.
The glimmer gets brighter all the time
Jan
xx |
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frosie90
Junior Member
285 Posts |
Posted - 26 August 2009 : 17:58:15
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Hi Kelly-v,
I opened a NatWest Step just about two months prior to BR. No Cheque book or overdraft but a Solo Debit Card. Had no problems after BR either. No debt at time of BR was attached to this account. I found the bank really helpful and was not frozen either. |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 26 August 2009 : 18:04:10
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It doesn't matter if you don't have a local Co-op branch as you can do all your banking at the Post Office, which is what I do and it works fine.
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/
25 IPA payments made, 11 to go - on the home straight! |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 26 August 2009 : 19:54:23
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In answer to Stu's post - I would not think that an account which does not do direct debits these is of much use to most people these days.
The glimmer gets brighter all the time
Jan
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 26 August 2009 : 22:13:04
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but some managed services refuse to do direct debits for a variety of reasons
Stu J Byron |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 26 August 2009 : 22:22:23
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I can't think of any good reason not to allow direct debits. By doing so they are penalising people who are already struggling as many companies charge extra to pay by another method.
I'd be interested to know what they think are good reasons...
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/
25 IPA payments made, 11 to go - on the home straight! |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 26 August 2009 : 22:30:22
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Me too.
If you are going to pay a monthly fee, you want as much from that account as you can get, and I wouldn't pay for one that didn't offer me Direct Debits.
I know the Clearcash one doesn't.
The glimmer gets brighter all the time
Jan
xx |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 26 August 2009 : 22:54:09
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Apparently its the admin charges and the difficulty it can cause to the consumer i.e bounced payments, increased payments etc
Thats there excuse anyway
Stu J Byron |
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Sparkle83
Junior Member
258 Posts |
Posted - 27 August 2009 : 13:43:31
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I live 60 miles from our branch, opened it over the phone, use post office to put money in and take cash from cashpoints, and set up /manage all payments through internet banking. I've had the account since february, and never even seen my branch :D
Weeks of BR
****5****10****15****20****
(EDREV received and returned at exactly 24 weeks)25
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newbee
New Member
United Kingdom
94 Posts |
Posted - 28 August 2009 : 10:29:15
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| i just opened up a co-op account me nearest branch is about 40 miles away but they said i can do it all over the internet and post office .im justg waitnig for my account number to come hope its not going to be to long .. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 28 August 2009 : 11:26:25
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I would always say that the Co-op is the best account to go for as long as they are not one of your creditors.
The glimmer gets brighter all the time
Jan
xx |
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xmas baby
Average Member
537 Posts |
Posted - 28 August 2009 : 13:54:48
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Hi,
I would recommend co-op cashminder account as I have had no problems with them since I declared BK in March this year. My previous visa electron debit card has now been replaced by a visa debit card which I can also use for internet purchases, just like a normal credit card, but without the charges as it only uses your available bank balance.
xmas baby |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 28 August 2009 : 14:06:38
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Hi
I too vouch for the Coo-op Cashminder account - it is not at electron now it is a visa debit so you look "normal" to the outside world! The only difference is there is no o/d facility and no chequebook - both bonus points for me I can tell you and I am sure that over the last three months since BR I have become much better at "managing" my money - partly due to the fact there is much less of it now!
However, the discipline I have learnt is worth its weight in gold. One other plus on the Co-op is that the staff are so friendly - I have been in there earlier today and there is always as smile for their staff..
Over you you now... Good luck, Richard
"There are no problems - only solutions..." |
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Topic |
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is there any other bank accounts other than co -op
