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Who shall we open a new account with???

Chookmama
Chookmama Posts: 3 Newbie
in Budgeting & bank accounts
Hello,

I was wondering if anybody can help, We are currently giving token payments to Lloyds, Halifax, HSBC & the Additions Catalogue and we need to open up a new account as HSBC are threatening to just take money out of our account.

Does anybody know which banks would be safe to use as i have read that some banks are linked and can still get access to your money?

Thank you for your time

Chookmama

Comments

  • withnell
    withnell Posts: 1,629 Forumite
    If HSBC has a legally enforceable debt against you then moving accounts won't make it go away.

    Major high street banks that don't belong to groups of the above are Barclays, NatWest, RBS, Co-Op and any of the Santander stable
  • Chookmama
    Chookmama Posts: 3 Newbie
    withnell wrote: »
    If HSBC has a legally enforceable debt against you then moving accounts won't make it go away.

    Major high street banks that don't belong to groups of the above are Barclays, NatWest, RBS, Co-Op and any of the Santander stable

    its not legally enforcable just our normal loan payment which we have already paid a 1 pound token payment.

    thankyou, i will try some of those

    chookmama
  • withnell
    withnell Posts: 1,629 Forumite
    A normal loan is legally enforcable, if you don't make the required payments they can come after you....
  • Inactive
    Inactive Posts: 14,509 Forumite
    Chookmama wrote: »
    its not legally enforcable just our normal loan payment which we have already paid a 1 pound token payment.

    thankyou, i will try some of those

    chookmama


    It seems that you are just trying to avoid paying your debt, moving bank accounts will not help you in the long term.
  • RosaBernicia
    RosaBernicia Posts: 4,909 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hi Chookmama

    I guess the reason you are making token payments is because you are on some kind of a debt management plan?

    If that's the case I would suggest you look at the Debt Free Wannabe board, people there can advise about basic bank accounts etc and dealing with your repayments in the longer term.

    Best wishes

    Rosa xx
    Debt free May 2016... DFW#2 in progress
    Campervan paid off summer '21... MFW progress tbc
  • ShelfStacker_3
    ShelfStacker_3 Posts: 2,180 Forumite
    withnell wrote: »
    A normal loan is legally enforcable, if you don't make the required payments they can come after you....

    Unless the OP is in a debt management plan, which they haven't mentioned anything about.
This discussion has been closed.
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