Savings account undischarged bankrupt

geministar2008

Hello,

Does anyone have any info on the position of savings accounts when you become bankrupt?

I have read on the net that sometimes applying for a building society saving account could work? There was a recommendation that you should wait about 2 months so all the BR info has been distibuted and the application doesnt get caught up in the process.

Has anyone else have an experience with savings accounts?

:rolleyes:

maxmycardagain

wouldnt bother, interest rates are crap and taxed, buy premium bonds instead, or gold sovs which will give a better return

http://goldprice.org/30-year-gold-price-history.html

geministar2008

i was thinking merely to use as an account to pay bills from etc. I have been having a lot of trouble applying for barclays basic current account and a long winded process with the co op cash minder account, I was thinking merely as another option.

Thanks for the advice.

philnicandamy

You'll struggle until your discharged really not many banks will want you as a savings customer or indeed a standard account holder till discharge..then they may still refuse you (nationwide did with me..ended up with a co-op account and a sainsburys saver account in the end!)....would it not be worth setting up another basic account?

maxmycardagain

ive got two barclays cash card accounts, 2nd one has online banking and chip+pin and i owed barclaycard £6K...

geministar2008

I have been having a lot of problems. Firstly i called co op all went through on the phone, had to send id via post office as nearest co op branch is 50miles away (not the best). I was then told my ID had not been certified correcty so have to resend!!!!

I then went to barclays and explained i was BR, took my offical letter in, also explained barclays were my creditors i owed around £1200, I had all the correct Id, and i'm on the electoral role where i live. The lady said no problem and went on with application.
The application was declined. I was shocked i said why? She said she was unsure but to come back in 3 months, perhaps the BR had not be registered. I said what difference would this make? As she said the cash account for a BR is not credit checked, it is done on a management system or something?

I cant open a post office account as that is only for benefits.

So i was thinking of a building society savings account?

What about those accounts where you pay a set up fee and then a monthly running fee? Think banking does one and i have seen other advertisements on the internet.

Just getting very annoying now!!!