We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bank Account
Alcofrolic
Posts: 60 Forumite
My partner is in the process of going bankrup and has spoked to the CAB.
Whil eon the phone with them they have set him up with a bank account with http://www.securetrustbank.com/ now they say that this bank account can be used through bankruptcy and that it wont get frozen or closed.
I thought it was only the co-op one or a barclays one you can have.
Im worried as I dont want his wages to go into a bank that the OR is just going to close.
Anyone know who they are?
Thanks in advance.
Whil eon the phone with them they have set him up with a bank account with http://www.securetrustbank.com/ now they say that this bank account can be used through bankruptcy and that it wont get frozen or closed.
I thought it was only the co-op one or a barclays one you can have.
Im worried as I dont want his wages to go into a bank that the OR is just going to close.
Anyone know who they are?
Thanks in advance.
0
Comments
-
As far as i know they are much like Card One banking and Think banking, so it is a managed bank account that comes with a prepaid credit card, so your wages go into the account, they ensure all the bills are paid and the rest they transfer onto your card!
It shouldnt be closed etc through bankruptcy as it is an account you pay for they are open to everyone!0 -
Open an account with either the coop or Barclays, there is no need to pay for banking and that is what you will be doing with this account. Stay well clear...:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
As you can see this account is not free
Account set up
£12.50Monthly management fee£12.50Additional card£5.00Replacement card£5.00PIN issue/re-issueFreeUK cash machine withdrawal£0.50Overseas cash machine withdrawal£2.25 per transactionOverseas point of sale transaction2.75% per transactionCash withdrawal limits (per day)£500.00Cash withdrawal limits (per transaction)£250.00Returned standing order/direct debit paymentsFreeCustomer service telephone enquiriesLocal RateAccount closureFreeAccount re-activationFreeDuplicate statements£2.50Bankers cheque£2.50Card loadsFree
The co-op and barclays accounts are free to use and leave you in control of your moneyHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.8K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.6K Spending & Discounts
- 247.6K Work, Benefits & Business
- 604.6K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards