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bennieblueeyes
Junior Member
211 Posts |
 Posted - 25 June 2009 : 11:10:14
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| HI, I will be petitioning for my own bankruptcy on Friday 3rd of July. I am defaulting on an IVA due to retiring at 60 with health issues. As I had an IVA I do not have a normal current bank account, I have a NatWest step account. It is only a cash account. My state pension of £130 is paid into this weekly and once a month all my utility bills are direct debited out of this account. My state pension is my only income. Is there any way I can avoid this account being frozen. There is no other money in this account. it empties every month as my bills are paid. I have to these days have an account to put my state pension in. Should I try to have it paid into someone elses account. I asked the county court about this today. they said I need to get advice on it as they could not tell me until My BR pettition goes through. May be too late to do anything by then ( a week friday). |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 25 June 2009 : 12:03:37
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Hi Natwest are is a bit of a grey area with bank accounts, sometimes they allow accounts sometimes they dont, why dont you open a confirmed bankruptcy friendly account such as Nationwide Cash Card Account, Cooperative Bank Cashminder, Barclays Cash Account or Thinkbanking that way you wont have the problems of a frozen account or the account being frozen.
Stu J Byron |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 25 June 2009 : 12:12:32
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Nationwide no longer accept undischarged bankrupts. The only high street banks that consistently open accounts are the Co-op and Barclays.
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/
23 IPA payments made, 13 to go - on the home straight! |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 25 June 2009 : 13:23:14
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Nationwide accepted me, even though I said I wasnt in the process of it, but rung them and told them and gave my bankruptcy reference number, they confirmed that the cash card account is still open to Bankrupts.
Stu J Byron |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 25 June 2009 : 14:59:56
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Thanks for that. I presume the cash card account is different from the Flexaccount or basic Flexacount? Is it the one that doesn't have DDs etc?
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/
23 IPA payments made, 13 to go - on the home straight! |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 25 June 2009 : 19:39:03
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I have a cashcard account. I have DD's and SO's but no cheque book or debit card, just a cash card.
I presume that's the same.
The glimmer gets brighter all the time
Jan
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 26 June 2009 : 09:27:44
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When I opened my account with Nationwide I opened a basic Flexaccount, which allowed DDs etc. When my friend opened hers (around the same time) she couldn't have DDs and has recently changed to the Co-op...
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/
23 IPA payments made, 13 to go - on the home straight! |
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bennieblueeyes
Junior Member
211 Posts |
Posted - 28 June 2009 : 10:21:36
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| Thanks for all your comments, The NatWest step account I opened was after my IVA acceptance in the county court. I told NatWest I had an IVA. I am hoping they will feel the same about my BR. It is a restricted account. No cheque book or overdraft. Cash only. When I put my BR papers in on Friday 3rd June I will ask them if they will allow this account to carry on. I am hoping they decide on declaring Of no interest. Should I wait and see what they decide before telling Natwest about the BR. If the OR has no interest then hopefully the bank account will be ok. |
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mick1972a
Junior Member
235 Posts |
Posted - 28 June 2009 : 13:46:03
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I had a step account when I went BR, the OR said I could keep it but I dont know if it is upto him or the bank but he said he was happy for me to keep it for my pay to go in.
We had already opened a cashminder account with the COOP previous to us going BR.
Best bet is to just give them a call and see what they say. |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 28 June 2009 : 15:31:44
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Hi Skippy,
its the Nationwide Cashcard Flexaccount, im weiry to use it as they still have all my nationwide debts on the internet banking and on the their systems.
Stu J Byron |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 28 June 2009 : 17:57:51
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I wouldn't use it in that case. The only reason I used my Nationwide account was because they weren't one of my creditors.
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/
23 IPA payments made, 13 to go - on the home straight! |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 28 June 2009 : 22:03:46
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im thinking the same thing, also their customer service is appaling, ive gone back to coop with their dressed up visa debit card, but am looking at lloyds once discharged
Stu J Byron |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 29 June 2009 : 09:11:15
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I hate phoning Nationwide - press this, press that! At least it's easy to speak to someone with the Co-op!
I thought about going back to Lloyds, but to be honest I was put off by their overseas call centres, which is another reason I stuck with the Co-op.
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/
23 IPA payments made, 13 to go - on the home straight! |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 29 June 2009 : 13:25:45
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I went into Lloyds the other day and enquired and they said we may be able to open you a basic account with your discharge certificate when you get it, however it may take 8 years or even never when we offer you an account.
That doesnt look that good too
Stu J Byron |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 29 June 2009 : 15:18:57
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I haven't got a discharge certificate and refuse to pay £60 for a piece of paper so I'm glad I didn't bother with Lloyds!
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/
23 IPA payments made, 13 to go - on the home straight! |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 29 June 2009 : 19:12:58
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Thanks Skippy,
My OR told me that they send it out when the discharge from Bankruptcy I dont have to pay extra, not sure if thats true or not.
Got an Email from Nationwide saying that my accounts have now gone to collections so glad I not used it
Stu J Byron |
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Solo bank account
