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  • FIRST POST
    charliewalsh
    Natwest Joint Account - Help!
    • #1
    • 10th Feb 09, 9:50 PM
    Natwest Joint Account - Help! 10th Feb 09 at 9:50 PM
    My OH and I have a Natwest Joint Account and we have 4000 overdraft on the account which we spent every month - wages goes in, repaid overdraft and we spent it again on expenses, debt payment, mortgage, etc,etc - we are always using the overdraft to the limit - some weeks, we do not have money to buy food.

    I will be petitioning for my BR - what will happen to the 4000 overdraft in the bank account? I have applied for Co-op Cashminder today after reading the advices in this forum. I asked Natwest if our current a/c can be changed to sole a/c for my OH - they said yes but the overdraft must be repaid first. Otherwise, that a/c will stay as joint account.

    Will the joint account be frozen after i go BR?

    Should we start to open sole account so that we can transferred all income and expenses separately and leave the Natwest a/c with no activities?

    Can I put 2000 overdraft in the creditor list on my form - i.e 50% of my share of the overdraft?

    I had a feeling that Natwest will not want me as a customer after I go BR!
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