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cleanfreshstart
Starting Member
United Kingdom
21 Posts |
 Posted - 04 September 2009 : 13:55:03
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I telephoned my bank this morning (Alliance & Leicester) and mentioned to them that I'm considering bankruptcy and asked what would happen to my account.
First of all they said that it would be frozen as this is normally requested by the OR. But after looking at my account and seeing that I don't owe them money they said if the OR contacted them they would re-open. Is this the case, it's a premier account with no credit facility.
Or do you think it's best to open up a Co-Op account as I need to pay in my wages. |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 04 September 2009 : 14:19:11
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Hi,
Just from my own experience - the basisc account that the Q&L have does NOT accept undischarged BRs. I opened one days before BR and it was frozen after BR - I did not even use it!
Form my perspective post BR, the Co-op Cashminder account is very good - the bank is BR friendly as are the staff on the front line - you can use it for D/D transfer from one account to another and pay in cash and cheques.You can also have pensions and wages paid into the account as well as benefit entitlement - so all rond useful card/account.
It is free to users and the card can be used at most places (from my experience) - no overdraft facility (better that way!) no cheque book (better that way too!)
It takes about 10 days to open - that is in line with most banks these days - good luck, Richard
"There are no problems - only solutions..." |
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cleanfreshstart
Starting Member
United Kingdom
21 Posts |
Posted - 04 September 2009 : 14:41:07
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Thanks for the reply Housing, I'll open one of these today.
Thanks again. |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 04 September 2009 : 15:03:16
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Co-op is an excellent one to use. You can't open a Cashminder account online though, only in branch or via the phone. It does help if you are on the voters list as these tend to go through straight away.
The glimmer gets brighter all the time
Jan
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 04 September 2009 : 18:41:30
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But remember that coop have the three strikes rule some see it as harsh, some see it as good money management they also offer the dressed up electron card that some retailers wont accept, again some will just hope for the best but that shouldnt be the case.
Stu J Byron |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 04 September 2009 : 19:23:19
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It's not harsh as long as you make sure there is enough money in the account at the end of the month, which isn't hard to do.
I always make sure that all of my DD's are covered as I have no intention of incurring bank charges.
All of the posts on various forums which I have read have said that they have had no problems getting the Co-op card accepted.
The glimmer gets brighter all the time
Jan
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 04 September 2009 : 19:44:47
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Hi again,
I can only sing the praises of the Co-op and so does my wife who is not BR but wanted a basic account of her own when went BR in May
I guess without much money spare (like us all) life will be that bit of an uphill struggle for a while.
However, after BR - things will start to improve and then maybe move to a "NORMAL" account...
Good luck to one and all and a good (wet in Devon anyway!) weekend to all too!!, Richard
"There are no problems - only solutions..." |
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Topic |
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Bank Account
