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Helen030166
Junior Member
United Kingdom
212 Posts |
 Posted - 01 February 2009 : 14:32:07
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hI ALL, I just want to inform you that when we went BR last year we opened a coop cashminder account, as we were told they will allow you a basic bank account to put your wages in and do SO's and DDs .
However, last week I made a payment using my card and didnt realise a DD was being taken out at the same time, as it was not on my list of dds. That made me £1.50 overdrawn and the Coop have sent me a letter saying they will close the account and stopped all my standing orders and direct debits immediately!
Please can anyone advise me of a decent ban for bankrupts?
Thanks Helen x
Thanks for your Help,Helen x |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 01 February 2009 : 14:38:34
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Have you been overdrawn with them before, because as far as I know they will only close the account if it happens 3 times.
The only other bank that I know will definitely accept undischarged bankrupts is Barclays, although I have heard of Lloyds opening someone an account.
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/
20 IPA payments made, 16 to go - on the home straight! |
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Helen030166
Junior Member
United Kingdom
212 Posts |
Posted - 01 February 2009 : 15:08:00
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yes i admit over the past few months i have been overdrawn 3 times but 2 ofthem were because i had the flu and couldnt get to the bank to put money in time. The coop isnt that good in the fact they dont gie you an up to date account they give you a balance but not a balane taking into account payments due to come out like other banks and it gets very confusing :(
Thanks for your Help,Helen x |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 01 February 2009 : 15:39:50
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Hi there - I have had clients in a similar situation who have successfully opened an account with Yorkshire Bank and the HSBC basic bank account- The Natwest Step account is again one often selected by clients. Without knowing you creditors it is difficult to offer a full list as you need to open an account with a bank which was not a creditor - Alll banks offer basic accounts, the difference is that some do not offer cashcards etc on their basic accounts.
Hope this has in some small way helped
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
Insolvency Manager
Jones Giles
01446 711780 |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 01 February 2009 : 16:41:18
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I'm surprised that your clients have been able to open a basic account with HSBC Melanie as I know they trawl the insolvency register and close the accounts of people in IVAs!
When I was using the Cashminder account I had a spreadsheet showing everything that was due out of my account in blue, and when it cleared I changed it to black. It meant I could keep an eye on the balance all the time as I knew exactly was was due in or out.
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/
20 IPA payments made, 16 to go - on the home straight! |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 01 February 2009 : 16:56:58
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I still do it even though Nationwide show the balance in real time. It's like my safety net!
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/
20 IPA payments made, 16 to go - on the home straight! |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 01 February 2009 : 16:59:19
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Actually it's more of a computerised comfort blanket! I have it accurate to the last penny, and if something goes wrong I panic until I've found the problem!
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/
20 IPA payments made, 16 to go - on the home straight! |
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hadenuff
Starting Member
43 Posts |
Posted - 01 February 2009 : 16:59:37
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| I managed to open a HSBC Basic Account post bankruptcy. They were very helpful and obviously they wasn't one of my creditors. Good little bank account. |
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hadenuff
Starting Member
43 Posts |
Posted - 01 February 2009 : 17:04:03
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[quote]Originally posted by Needafriend
Same here 
Great minds and all that.
LOL
Jo x
Sorry, don't understand  |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 01 February 2009 : 17:10:50
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Jo was replying to my post about the spreadsheet x
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/
20 IPA payments made, 16 to go - on the home straight! |
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hadenuff
Starting Member
43 Posts |
Posted - 01 February 2009 : 17:33:39
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Ahh, I see. Thanks Skippy, thought I had missed something  |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 01 February 2009 : 17:36:43
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Hi Skippy, like you i was amazed when a client came through informing me of their ability to open an account with that bank, but this has been confirmed with a couple of clients, so it must be okay, provided you have had no previous debt with them. The important thing is though whatever account is opened it must be operated in credit, otherwise the difficulties facing this clietnt will be faced by anyone going overdrawn no matter how small the amount. It is hard to budget, but try to ignore the final £5 in your account pretend if you can that it is not yours so you always have a small buffer - not easy on a budget, but far better than having your account closed!
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
Insolvency Manager
Jones Giles
01446 711780 |
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Helen030166
Junior Member
United Kingdom
212 Posts |
Posted - 01 February 2009 : 17:49:17
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HSBC is one of or creditors bt ive just found ONE Account onlne and they take on anyone, regardless of status. They apparently wont let you go overdrawn they inform you before hand whats in yor bank and they keep to one side yor money for dds and so' and the rest is like a pay as you go credit card that you can se anywhere, but only while itsin credit!
Thanks for your Help,Helen x |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 01 February 2009 : 17:52:47
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The big downside with One Banking (apart from the fee) is you can't have direct debits with this account.
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/
20 IPA payments made, 16 to go - on the home straight! |
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hadenuff
Starting Member
43 Posts |
Posted - 01 February 2009 : 18:22:04
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| No worries needafriend, Skippy explained. I was just a bit confused at the time.x. |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 01 February 2009 : 20:17:52
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Hi
Isnt a visa Electron card decided as an electronic only transaction card, i.e you card use the old swipe systems which take an imprint, and doesnt visa electron, have to be preauthorised prior to a transaction completion,as ifyou had a DDI paid and you used your card, then shouldnt the card of be declined.
I would argue this with Coop either on the point that their systems should of declined the transactions or ask them to keep the account open with a cashcard not electron card for 6 months and review to go back onto an electron card after that.
OneBanking is a good concept however you have to wait til after 10 to have credits paid into your account, you can only transfer £450 a day to your card, you cant do CHAPS, you can only withdraw £250 from cash machines and no DDIs
Thinkbanking allows DDIs and SOIS for Bankrupt people, however if a problem arrises with their systmes or any problem they can take weeks to sort it out, also from my own experience they nwont cancel DDIs or SOIs even when requested and the waiting times on the phones are terrible, they also dont allow you to voice a complaint.
If you are already bankrupt then the rules of offset dont apply for new accounts
Stu J Byron |
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Topic |
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Co op Cashminder Account!
