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joanne.8
Starting Member
11 Posts |
 Posted - 18 September 2010 : 12:03:43
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Prior to going bankrupt i had a natwest step account however they were not one of my creditors. the OR advised that they had no interest in this account. When speaking to my local branch manager i was advised that they would be closing my account as they do not allow undischarged bankrupts. I didn't want to chance leaving my money in there so opened a savings account with santander (couldn't get a standard account). 5 months on and my Natwest account is still open. i contacted the call centre yesterday and they checked & confirmed that they will not be closing my account as it is only a step account, they will only close an account if it is a current account and above. Everything i have read has said differently, will it now be safe to use again or can they change their mind? Have their policies now changed due to being part owned by the government?
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 18 September 2010 : 14:05:46
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Have you tried the Co-op for an account? You should be able to get a basic current account with them.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 18 September 2010 : 16:19:54
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Personally I wouldnt take the risk, and would go with a bankruptcy friendly account like the coop or barclays
Best of luck
Stu J Byron |
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frosie90
Junior Member
285 Posts |
Posted - 18 September 2010 : 18:13:22
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| I had a step account that I opened in February 09 prior to my BR in April 09. They were absolutely fine and they confirmed they would not close it. I continued to have my monthly salary paid in. Then as soon as I was discharged they allowed me to open a savings account no problems. The Step account comes with a debit card so I can purchase food etc. with my chip and pin. |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 20 September 2010 : 11:23:19
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Hi Joanne
Banks have this awful habit of having rules, putting the rules on a back burner and then all of a sudden enforcing them.
you may go through the whole of BR time without an issue, as some Bank clients have but ..
Natwest have in their paperwork stated that they are not BR friendly, why put yourself in a vulnerable position ?
My Wife had an abbey / santander bank account she kept the account open small adhoc cash flow transactions, the bank were aware of her bankruptcy, now after bankruptcy she has an account that she can use and not have to submit a credit application for a new account.
good luck Richard |
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joanne.8
Starting Member
11 Posts |
Posted - 20 September 2010 : 20:45:02
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Thanks everyone for the feedback.
I also read that natwest were not bankruptcy friendly, that why i was a little worried and stopped using the account. I might try a few small amounts in the account and see how it goes, don't want to lose money if i don't need to. I did try and open an account with coop but got declined, also barclays are one of my creditors so i can't go to them. i do have a savings account with santander so all is not lost. they said i can have a normal account once i become discharged.
I received the letter about early discharge the other day, once i become discharged will the natwest account usually become safe automatically?
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frosie90
Junior Member
285 Posts |
Posted - 20 September 2010 : 21:22:52
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| Judging by some of the responses I must have been one of the lucky ones? Natwest has been fab for me. Reckon regions may be different? I am from Birmingham and they have been great. No problems. Good luck. |
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joanne.8
Starting Member
11 Posts |
Posted - 23 September 2010 : 21:22:59
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i think you may be right, its the luck of the draw where you live, i'm from manchester. i'll see how i get on and update at a later date.
Thanks everyone
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natwest
