| T O P I C R E V I E W |
| the.m7 |
Posted - 19 July 2008 : 17:23:08
which banks can I open an account with to pay bills etc.I was declared bankrupt in june 2008 and have tried 4 with out success |
| 10 L A T E S T R E P L I E S (Newest First) |
| mst |
Posted - 24 July 2008 : 14:11:45
That's basically how it worked for me. I went straight into a Co-Op branch after court and filled out the forms. I had loads of documents on me for proof of address etc. Filled out a very basic form (as it is a single account not joint) and a week on I now have my new Visa Electron card and am ready to move across Bill payments, standing orders etc.
My only worry is that I have my OR interview next week and this whole thing has moved so quickly. It took me years and years of stress to make the decision to go BR and within a couple of weeks I can already see the light at the end of the tunnel. |
| stressedatbestagain |
Posted - 24 July 2008 : 11:56:35
As an example then.
Declared BR and immediately apply to open an account.
Then I should get the cashcard before my old account is frozen?
As you say, get the money paid into a relative's account until the new account is up and running. By then, presumably, I would know if my Nationwide account would be still OK to use. |
| mst |
Posted - 24 July 2008 : 11:09:03
Whether it is any help, in my situation I only nred to have 1 months pay packet paid into my Mother's account. My new Co-Op account and card were available within a week of being made BR. My Nationwide account is still up and running too. Basically the time it takes to freeze an acccount appears to be longer than it takes to open a new one post BR.
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| stressedatbestagain |
Posted - 24 July 2008 : 10:34:26
quote:
Originally posted by mst
I had no problems at all in opening a Cashminder account. Filled out the forms the afternoon of the day I was declared BR (obviously told them I was BR too) and was accepted for an account earlier this week. The Visa Electron card arrived yesterday.
Which still leaves the, as yet unanswered (not you mst), query as to what on earth do you do about cash in that state of flux between being declared BR and receiving access to an account? Meanwhile my employer will be pouring cash into what seems a black hole (?) because my account is frozen and I have no other account for him to pay into? this, ultimately will leave me no option but to 'stick my head back in the sand' and pay nothing to anybody! I am not prepared to leave my family without food or a roof over their head!
Can any of the experts answer this question for me? Do I lose that money which may be paid into my frozen account? It's with the Nationwide and I am in no financial dispute or problem with them.
There seem to be far more questions than answers and I am getting less confident as the days roll by. |
| mst |
Posted - 24 July 2008 : 09:39:16
I seem to rememeber him stating that you should mention the Bank Account on your forms but not that theya re a creditor. Then you may need to call them directly to make them aware and even though they may initially freeze the account it does not necessarily mean you have to seek a new Bank Account.
Best to check with the CAB because ultimately this was not an option for me, I owed the Nationwide £2000 in an overdraft facility.
I had no problems at all in opening a Cashminder account. Filled out the forms the afternoon of the day I was declared BR (obviously told them I was BR too) and was accepted for an account earlier this week. The Visa Electron card arrived yesterday. |
| stressedatbestagain |
Posted - 23 July 2008 : 23:46:27
mst, that is exactly what the CAB told me yesterday. I have an appointment to see their BR specialist on Tuesday, apparently he's very busy these days (no surprise really!) so I am busy stacking up the questions for him. |
| mst |
Posted - 23 July 2008 : 16:47:34
The Citizen's Advice told me that it is possible to keep your existing account if you don't owe any money. I went to the Co-Op branchto open a cashminder account that afternoon after I was declared BR in the morning. I got a confirmation letter yesterday stating that my account was set up and that my card would follow shortly. |
| Trolly-Dolly |
Posted - 23 July 2008 : 16:30:56
Has anyone ever kept their account if they dont owe money?
You can read my blog here;
http://drowningmummy.blogs.iva.co.uk/ |
| stressedatbestagain |
Posted - 23 July 2008 : 13:00:46
Is there a prudent time to open one of these accounts when going BR? I need to give my employer one week notice of new bank details and I obviously want as little of our money going into frozen accounts! I am paid weekly.
As a side issue, I have been unable to login under my previous alias and password, even after trying to reset my password. |
| sjbyron |
Posted - 19 July 2008 : 18:50:35
Hi
the only banks that offer accounts to undischarged bankrupts are:
Co-operative Bank Cashminder account:
http://www.co-operativebank.co.uk/servlet/Satellite/1193206368743,CFSweb/Page/Bank-CurrentAccounts
Barclays Bank Cash Account:
http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?site=pfs&task=homefreegroup&value=12866
Yorkshire Building Society Cash Transactor account (this account is a saving account, that allows you to setup direct debits and standing orders, you need £100 to open the account, but you can withdraw that later):
http://www.ybs.co.uk/savings/easy_access/transactor/index.jsp
or a managed bank account with:
Thinkbanking:
http://www.thinkbanking.co.uk
OneBanking:
http://www.onebanking.co.uk
Both of these managed accounts charge £25 to set the account up and £12.50 a month
Stu J Byron |
