Natwest Step Account For Bankrupts

jesster_2

Has anyone else tried to open one of these recently?

My OH was recently declared, called the bank to ask about the basic account and was told that was fine, to bring in his ID and they'd open it for him.

Then he got to the bank this afternoon and the chap on the desk said they don't do them for undischarged BRs any more!

Is this true? Or was it just because he went into the bank just before closing and they couldn't be bothered to go through it all at the time??

Grr. He wanted a coop account, but our nearest branch is 48 miles away!

Broken_hearted

I didn't thin bankrups could have bank accounts, but I suppose if they are working then they need one. We have a natwest step account because it is so basic.

shellsuit

Just looked at a list of basic bank account and NatWest say :

If any of the following applies to you, then you may be declined : Undischarged bankrupt/record of fraud.

Looks like they are right I'm afraid.

The banks that allow discharged bankruptes but not the record of fraud are :

Barclays, cashcard account
Co-op, cashminder account
Nationwide, flex cash card

poppy52

Doesn't really matter if you don't have a Co-op branch nearby - you can pay money in and take it out at any post office. They also have internet banking.

Iwantmorecash

Banks Dont Tell Many People About The Basic Accounts For B/r Etc As They Dont Manke Any Money On Them....

It Is A Legal Requriement That The Have A Basic Account Though.... And You Can Get A Coop Account Over The Phone If You Ant The Nummber I Can Give It To You Just Pm Me.

kevker

I had no trouble opening a step account when I was made bankrupt and as far as I know they still do them for the undischarged. I think what the clause about it is just a get out one, so that they can decline the application if they want. I would say it's more because it was near closing time. It takes about 20 minutes to go through all the paperwork.

jesster_2

Thanks guys. I think he's going to go for co-op or nationwide... though just for interest he's going to go back to natwest and see if he gets a different response this time!

earwig

natwest dont like bankrupts that what the cccs told my husband coop are the best as you can have a cash minder account what also have a electron card they also give you envlopes so you can post checks to the account and they have internet acces and you can use the post office max withdrall is 250 per day at cashpionts what ever you have in the account in branch my hubbys got one and it good account you can do dd and so i would not give natwest another chance to make your husband feel bad

Broken_hearted

You have internet access on a Narwest step account and you can withdraw money from the post office.

kevker

As well as DD and standing orders, along with a solo card that can be used anywhere with a maestro sign, so pretty much anywhere really.

Addicted2Chocolate

Natwest have recently changed their policy and no longer allow undischarged bankrupts to have the step account. abbey also will not allow any banking facilities to bankrupts. i agree try nationwide or co-op.