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    BR Friendly Bank Accounts ~ [Updated Sep 2012 re: Co-op Cashminder withdrawal]
    • #1
    • 31st Oct 11, 1:35 PM
    BR Friendly Bank Accounts ~ [Updated Sep 2012 re: Co-op Cashminder withdrawal] 31st Oct 11 at 1:35 PM
    With immediate effect (from September 17, 2012) the Co-operative bank is no longer accepting new customers who are un-discharged bankrupts, this decision does not affect the bank's existing customers.

    ------ > The Co-operative Banking Group - News 2012

    Since the recent press release the Co-op has assured other posters that if you open a Cashminder account with them, then go BR they will keep your account open.

    Cashminder will give you DD and SO, telephone and Internet banking, a visa debit card, you can use any Post Office or Britannia BS to deposit money or cheques, you can use any link machine to withdraw cash. Don’t worry if they say you will have to be referred as they tend to "refer" 80-90% of new Cashminder accounts, you should hear something in the next few days from them. Sometimes they also ask for ID to be taken to one of their branches but this is rare. If they have declined your application then ask them you wish to appeal, this too is rare.

    Co-op Cashminder can be opened over the phone 0800 123455

    Cashminder - Click here

    * Please be aware that the Co-op have a 3 strike rule, if you go overdrawn/bounced DD etc from your account three times they will close your account so be vigilant *


    If Barclays are a creditor you can open the CashCard Account after you are BR.

    With Barclays you will have to go in branch to open, you have DD and SO, visa debit card/cash card, they do NOT allow telephone and Internet banking to BR's, you can go into any branch to deposit money or Cheques and withdraw money from any link machine.

    Cash Card Account - Click here

    * At present with Barclays, there is a maximum charge of 8 a day if direct debit or standing order payments exceed the total funds in the account. However, from March 2012, this could increase to up to 24 a day *

    Most frequently asked questions :-

    Will the OR (Official Receiver) freeze my account?

    It is the bank themselves that freeze bank accounts not the OR so when you speak to the OR's clerk on the phone (either at the court or later) they'll ask you a few questions and ask them you wish to use your Barclays Cash Card Account or
    Co-op Cashminder for your pay and DD's, they will then send to the bank form Bank2 option1 which specifically asks the bank to leave the account open (although the final decision rests with the bank) and they have no further interest in the account.

    Can I stay with my Bank?

    There are only '2' BR friendly banks, sometimes on rare occasions as long as your Bank isn't a creditor in your BR, they 'may' downgrade your account to a Basic one but don't rely on this being the case.

    Still can't open a basic bank account

    Make sure you are on the Electoral Roll, whilst a Basic Bank Account doesn’t credit check you it does identity check you.

    If your on the electoral role and still being refused check your credit files they may have CIFAS markers

    --------> CIFAS - Welcome to CIFAS

    More Info on Bank Accounts.
    Last edited by ifwisheswerehorses...; 13-05-2014 at 7:14 PM.
    "If wishes were horses, then beggars would ride"
    BSC Member 310
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