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migmash
Starting Member
United Kingdom
25 Posts |
 Posted - 08 July 2009 : 11:51:47
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| Hi Melanie.n, just looked at an earlier post you replied to, and wondered if you could help us in a similar situation?! Me and my wife will soon be declaring voluntary bankruptcy, and from what we have just read, I think we will also open a new a/c. We are considering approaching Nat West, and from what we have read here on this forum, those and the CO-OP, seem to be the most amiable/amicable! but we are not sure if we need to inform them that in the not to distant future, we will be going bankrupt? ? ! or do we need to tell them anything at all? If we do just simply go to them tomorrow for example, and start a fresh a/c and follow what you have said, ie:explain to the O.R. that the Wifes Tax credits/ child benefit/wages go into the a/c, are we bound by the O.R. to inform the Bank after our BR. Sorry to keep adding more questions. . . Many Fanx. |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 08 July 2009 : 11:58:12
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Hi there
You do need to tell the bank that you are going bankrupt or indeed that you are bankrupt. The two really good accounts out there are the Co-op Cash minder and the Nat West Step account as each have the debit card facility.
Open that account transfer all the regular payments such as salary child benefit / tax credits etc (you can ring these to give new account details over the phone) and remember not to include this new account on your bankruptcy forms - just inform the OR when you have your telephone appointment of the new account - thus saving you having the hassle of having the account frozen and a delay in getting access to your funds until the account is unfrozen (can be 5 days!) The OR is well used to this approach with regard to bank accounts so you have no worrieson that score
Hope this helps, and anything else just ask away
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 08 July 2009 : 18:52:53
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Hi
Barclays also offer a basic account for people who are bankrupt, with a debit card - Visa Electron or Visa Debit.
Be careful with Natwest, they review things on a case by case basis so you may be kept waiting a while for them.
Try Cooperative Bank or Barclays first.
Best of Luck
Stu J Byron |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 09 July 2009 : 07:52:57
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It all depends on whether you go for the 'ordinary' Natwest bank account, this may have a delay with checks etc, but the 'Step' account offered by them usually has no problems whatsoever
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
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nicdavies75
New Member
United Kingdom
63 Posts |
Posted - 09 July 2009 : 20:30:11
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| Hi, i have just opened an account with Barclays. I told them i was about to go bankrupt, and they set me up on the basic Barclays a/c, and also opened a savings account for me. I am due to go BR on the 17th of August. I also got a debit card on that account. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 10 July 2009 : 18:06:14
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Well done nic on getting a decent account.
The glimmer gets brighter all the time
Jan
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 13 July 2009 : 20:44:44
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No its the Step Account Melanie, I was told by a senior advisor that they dont usually accept undischarged bankrupts for their step account or cash account but they will review it on a case by case basis
Stu J Byron |
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frosie90
Junior Member
285 Posts |
Posted - 13 July 2009 : 21:43:52
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| Hi there, just to come in on this post. I have NatWest Step Account and had no problems whatsoever. I opened it few weeks prior to BR and had all my direct debits paid from this account and my salary paid in to it. After BR I went in to the branch and explained the situation. They actually told me that the Step account is what they offer people in BR to and that my account would not be affected as no debts associated to it. I am still using it with absolutely no problems 4 months post-BR. I dont have cheque book or overdraft facility obviously but a Solo/Maestro Debit card and can use that as a chip and pin etc. I am really happy with NatWest. |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 14 July 2009 : 08:19:00
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It must be down to the branch discretion and whether you had debts with RBS before, which I did.
Stu J Byron |
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Hi Melanie.n, just looked at an earlier post
