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 the best time to open a new bank account ?
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alisone
Starting Member



40 Posts

Posted - 01 February 2009 :  22:13:21  Show Profile  Visit alisone's Homepage  Reply with Quote
Can you please advise me on the best time to open a new bank account during the bankruptcy process? I read that Barclays and Co-Op are the banks to try but I am worried that if I open one before I'm declared bankrupt the new account will automatically be frozen but if I do it after it might be too late to arrange to get my salary paid in and my direct debits set up!

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 01 February 2009 :  22:28:29  Show Profile  Reply with Quote
Hi
and welcome to the forum

Most OR offices are fine with a new basic account opened prior to the br. This allows you to transfer all the direct debits, standing orders etc in good time.

The Brighton OR's office are slightly different as they insist that all accounts are closed down. This apparently frustrates the bank because they have the cost and aggravation of reopening an account.

So it really depends upon your geography.

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK

Real People ..... Real Debt Solutions
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