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T O P I C R E V I E W
jericho
Posted - 28 May 2008 : 23:30:42 I have opened a basic bank account at barclays, a cash card account would going bankrupt freeze this account immediately. This is where my wages for new job is paid into
2 L A T E S T R E P L I E S (Newest First)
JulianDonnelly
Posted - 29 May 2008 : 09:31:28 Hi Jericho and welcome to the forum.
When you go BR, it is advertised in the London Gazette and the Stubbs Gazette (as well as your local paper). The two Gazette's are monitored by the financial services industry, and as soon as your BR appears in there, all banks freeze accounts as a matter of standard procedure. If the OR has no interest in the account, they will write to the bank to request the account is un-frozen, but this can take time. The most prudent course of action is to assume the account will be lost and open a new one the day after your BR.
Posted - 29 May 2008 : 07:53:45 Hi jericho - welcome to the forum. Ultimately it is the bank that decides whether to freeze a bank account. The OR normally writes to the bank to express they have no interest in it (unless there's loads of money in it!) then it's up to the bank. However I don't think Barclays are BR friendly - it would be worth checking with them and then having another account ready to use - Co-op cashminder is BR friendly and one that several of us on the forum use after BR. Good luck
