A New Bank Account

mighty_sheep

I think i might know the answer to this one but do i open an account after going BR and if so (which i dont know) how long do i wait afterwards as we will have our child credit paid into it. Does any one know what the coop cashminder account is like, it seems ok but do they exept BR people.

Thanks so much for your help i feel a bit better already.

gettingbetter

hi

i opened co op acc after i went br
they are brilliant, you get the visa
electron card with there basic acc

dont think there is any right time to open it
before or after they are very br friendly

kas xx

startagain_2

mighty_sheep wrote: »

I think i might know the answer to this one but do i open an account after going BR and if so (which i dont know) how long do i wait afterwards as we will have our child credit paid into it. Does any one know what the coop cashminder account is like, it seems ok but do they exept BR people.

Thanks so much for your help i feel a bit better already.

Hi mighty sheep and welcome,

Open your co-op account as soon as you like - it is BR friendly and it will give you the chance to get your direct debits set up and any income paid into it.

Only use it for the day to day living expenses before BR, don't build up a slush fund and make sure it has a zero balance on the actual day. This prevents the OR from treating any balance as a cash asset.

The accounts are almost never frozen and continue to operate as normal during and after BR.

Good Luck

SA

mr_&_mrs_2

I think the cashminder is great.... I use mine for everything now & i work right near a PO so its really handy.....

Waspeze

If timing is such that you can open it straight after court then this is preferable.. there's been a couple of people here in Brighton who have had their accounts 'frozen'. If you open it before then you have to put it on your forms so there is always a chance of an over zealous OR taking an interest!

Saying that though most people who have opened them before have been ok (might just be a Brighton thing )