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frosie90
Junior Member
285 Posts |
 Posted - 08 March 2009 : 20:47:56
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I opened a new basic Nat West account, no o/d, cheque book, simply a Maestro debit card. I opened it at the beginning of February in preparation for an IVA which I chose not to do. I have no debts with Nat West but use it for my salary to paid into household bills etc. I was hoping to present my Statement of Affairs round about 23rd of this month but my salary will have gone in 21st with my direct debits coming out thereonafter until approx 11th April. Will this account be frozen? I know on previous posts there have been discussions about this but it says on the on-line form to detail all bank accounts currently held?
I know i am being repetitious of others in my question and apologise but just want extra clarification. Many thanks. |
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frosie90
Junior Member
285 Posts |
Posted - 08 March 2009 : 21:17:54
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| Extra to above I read Melanie's response on previous post regarding the Natwest Step account, this is the one I have. I have no Credit card or loan direct debits going out of it but I did have one mortgage payment/secured + unsecured 1/3/09 go out. I have since cancelled the direct debit to NR now? Will I still be able to keep this account or will the fact that this payment occurred affect this adversely? |
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LastResort
New Member
United Kingdom
56 Posts |
Posted - 08 March 2009 : 21:22:16
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| I'm in a similar situation. I'm not going to declare my new account (which i've applied for but it isnt open yet) but I've heard that it may still be frozen if they find out about it.... |
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frosie90
Junior Member
285 Posts |
Posted - 08 March 2009 : 21:37:08
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| It will be interesting what responses come through LastResort? I am worried because I paid for my rental application £100 with the Nat West account and I am due to pay my deposit and months advanced rent on the 20th when my salary goes in. I am just worried that if I have to go for Co-op over the next few days that the Letting Agency may not accept Electron? Just finding working out the timing of everything to make these as easy as possible a complete nightmare! Good luck anyway. |
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LastResort
New Member
United Kingdom
56 Posts |
Posted - 08 March 2009 : 21:45:55
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Good luck to you too. It's so scary! I'm not worried about court or anything...I'm just worried about getting access to my salary and tax credits...and my work finding out....!!!
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frosie90
Junior Member
285 Posts |
Posted - 08 March 2009 : 22:01:33
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| Me too. Some know at work and very supportive but still worried. i am mostly worried about my new rented accommodation as I will only be moving in on 20th and hoping to take BR papers to court on 23rd but have not listed the new rent yet as nothing down on paper etc. Frightened that they tell me to move out!!! And like you worried about my salary as I need every single penny this payday due to deposit. I will look out on this site for your progress. Keep posting. |
Edited by - frosie90 on 08 March 2009 22:02:13 |
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frosie90
Junior Member
285 Posts |
Posted - 08 March 2009 : 22:58:19
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| I also opened a Halifax basic Electron account via the internet. I didnt think the account had gone through as I was waiting for a code via email and just after I had opened the Nat West account, lo and behold my Halifax card arrived in the post. It is an electron card so not embossed, maybe I could use this? No money has gone into this account so not used at the moment. I have put it on the form but with nil amount in credit/debit. The only problem is that I understand that Halifax are now part of Lloyds TSB???? and a lot of my creditors are LTSB??!!? I wonder if I arranged to get my salary paid into this account I could use this but not sure if it can be used over the counter, i.e. Letting Agency? I understand now that Birmingham I may not even get a court date for 23rd anyway so I may need to leave it til April? Maybe I could book it for after about the 11th April so all my direct debits from March's pay have gone through and then change them all over to new account? Any advice gratefully received. |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 08 March 2009 : 23:49:05
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Hi From experience Natwest wont offer accounts to undischarged bankrupts, if they found out you are bankrupt they will close the account.
They however will offer a savings account with a solo debit card attached called first reserve this can be used for wages but their is no protection if the employer makes an error with the payment.
Halifax, BOS, LloydsTSB and Sainsburys Bank all wont accept bankrupts either undischarged or discharged
Have you tried Cooperative Bank, or Barclays bank or one of the managed account services.
Stu J Byron |
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shirley
New Member
71 Posts |
Posted - 09 March 2009 : 07:35:54
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I had a Natwest STEP account prior to BR. I contacted them after my hearing, told them the OR had no interest in my bank account and was told that the decision to close the account is made on an individual basis but they had to wait until they received a letter from the OR declaring no interest. It can take up to 3 weeks. In the end it took a week and a half and I was allowed to keep the account but they would not let me keep my e-savings account. I had cancelled all my direct debits on the STEP account prior to bankruptcy and contacted the companies to explain the situation and where I could made alternative arrangements to pay them until I could find another bank account. All of them were very helpful. i was lucky in that a friend allowed me to pay my salary into their account while I was waiting for the decision from the bank. In the meantime I was accepted by Co-op for a cashminder account just in case.
hope this helps
Shirley.
One day at a time |
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frosie90
Junior Member
285 Posts |
Posted - 09 March 2009 : 20:41:50
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Thanks for responses. I think I will ring Co-op and ask them if I can open a Cashminder account but will explain my situation. I think I will book the court date for after most of my direct debits have gone through then cancel any future payments, then as I wont have much money left in my account by then as I will have paid my deposit for my new accommodation except for the remaining two direct debits and for food and take that out prior to the court date to pay into the new Co-op account. When you attend court is your current bank account frozen there and then and as such any remaining balance kept by the court?
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LastResort
New Member
United Kingdom
56 Posts |
Posted - 09 March 2009 : 22:06:32
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I applied for Natwest Step and Co-Op accounts, to see which would accept me. I've been accepted for the Co-Op one but haven't heard from the Natwest one yet.
As the Cop-Op one is a current account, I explained that I'm going to declare myself BR and they said that they will freeze the account (or it wil be frozen by the OR- not sure which she meant) for 48 hours. She said they 'unfreeze' accounts quicker than anyone else, not sure how true that is.
She also said that when I'm BR, all I need to do is ring them and switch my account to a basic cashminder. She seemed like she was used to it and I felt relieved.
As a precaution, I have arranged for all my income to be paid into my Mom's bank account until I know the new account is safe. I have also arranged for payment cards to be sent out for my utilities etc, in the mean time.
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frosie90
Junior Member
285 Posts |
Posted - 09 March 2009 : 23:11:53
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| Thanks for that LastResort. Did you tell the utilities why you were asking for the cards? I think I might do that. I think for me maybe Co-op seems best bet but reckon that if I time it right, or the court give me a date at the right time, I may manage to transfer all direct debits. I am just worried as I am about to pay my deposit and first monthly rental through my NatWest, and sign up to a standing order for subsequent payments. I am not sure whether to be honest with the Letting Agency but I would hate my rental to be revoked or anything. I am moving out of my mortgaged house on 21st. |
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pigsick
Starting Member
27 Posts |
Posted - 09 March 2009 : 23:42:38
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| Hi maybe not much help, but I was not as orgainised as you all seem to be, I am with Barclays, when i was made bankrupt 12th feb, they said they had no interest in my account, I did not even think about direct debts etc, anyway I went to Tesco at the weekend and my card had been stopped, tried to get on the internet and access was denied, I went into the bank today and I can still keep the account I have always had, but my card is being replaced with an Electron card and I will not be able to do Internet banking on my account anymore. Just a word or warning if you have any account open on the day you go bankrupt, they will be frozen. I got letters from accounts I had not used for a long time and had not put on my bankruptcy petition, but the banks still picked it up and froze them. All the advcie I have had is to approach the Coop and open an account with them. |
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frosie90
Junior Member
285 Posts |
Posted - 10 March 2009 : 19:41:24
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| Thanks for that. Yep. I have now booked my court date, 7th April!! All my direct debits bar two will have gone through. I will make arrangements with them to pay alternative way and then either on the 7th???? depending how long I am in court I will go to Co-op and open a Cashminder. I will then have time to change all by future DDs to the Co-op. I will ring the Co-op and see if that possible? Thanks Guys. |
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LastResort
New Member
United Kingdom
56 Posts |
Posted - 10 March 2009 : 20:53:51
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Thanks pigsick, i hadn't realised that they could freeze an account that you hadn't put on the form! I've arranged for my salary to go in to my Mom's account for March, to be on the safe side, aswell as my tax credits. At least I know I have access to my money.
Frosie, re my utilities, I just said I was having some problems changing bank accounts so I need an alternative payment method for now. They didn't mind at all. |
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frosie90
Junior Member
285 Posts |
Posted - 10 March 2009 : 21:02:37
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| Thanks for that LastResort. I found out today that at my new rented place the landlord might prefer me to keep the provider he/she had according to Letting Agency and the LA said that is normal? I was hoping to just transfer my gas/electric over but you never know they may be the same provider anyway??? My water and community charge will be a different district so will need to sign up as a "newbie" anyway I think. Have booked my court date! .... more questions that have popped in my head are in another link. Thought of the day .... I reckon all of us pre-BRs should up our optician bills on our I/E sheets massively due to the amount of time we are on the computer!! Lol! |
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Bank Account
