Got the Bank I wanted but ..

auldblerk

Was advised to set up a basic Bank account with a Bank that is unrelated to my debts but at the interview, I was put off balance when asked if I had any CCJ's or Bankruptcy history; I stated no to both, done the check and created an account.
Now I'm worried that they'll close my account after I've gone thru the Bankruptcy procedure as I really want to be with this Bank.
What do you think ?

dalip

First off which bank is it with?.

fermi

If it is the basic Co-op Cashminder or Barclays Cash Card then it should be OK.

BUT, if it is a normal current account, or with any other bank, then the likelihood is that it will be frozen and then closed by the bank once they learn of your bankruptcy.

The two specific accounts mentioned above are currently the only two that are normally 'safe'.

auldblerk

Clydesdale and it's a 'readycash' (basic) account.

gettingbetter

hi auld

i might be wrong
but in my experience
when i was made BR

the clydesdale bank
closed all my accounts
i had been with them for 38 years

the managers actual words

WE DONT DEAL WITH PEOPLE LIKE YOU

sorry if thats not what you wanted to hear

kas xx

auldblerk

Oh dear, that's a blow but If that's the way it is so be it. Unfortunately, it goes from bad to worse as I went onto the cooperative bank web-site and the nearest branch is over 100 miles away !
Is it possible to create a Co-op Cashminder account over the telephone ? Has anybody here done this ?

tigerfeet2006

Just phone them up and you can do it over the phone there and then. Any money or cheques you need to put into your account you just go to a post office. So no need to go near a branch.

auldblerk

Thanks for info tigerfeet2006, that's a relief. There are plenty of Post Offices in this area but no Branch.

Will they ask any questions about BR or CCJ's ?

Round_The_Bend

You can also operate the account over the internet and using the visa debit card that comes with the account, withdraw from any ATM. If you're able to save anything or just want to budget, yiou might want to open a savings account with Yorkshire Building Society. You can open this online and it comes with a cash card, which allows you to withdraw from any LINK ATM.

blind-as-a-bat_2

auldblerk wrote: »

Oh dear, that's a blow but If that's the way it is so be it. Unfortunately, it goes from bad to worse as I went onto the cooperative bank web-site and the nearest branch is over 100 miles away !
Is it possible to create a Co-op Cashminder account over the telephone ? Has anybody here done this ?

Yes, there have been many done over the phone, but they may need follow up ID checks if your not on the electrol roll, or any other issue stopping them identifying you to THERE satisfaction( :rolleyes:) and you can deposit at any post office, which is why they dont have as many 'branches';)

Round_The_Bend

auldblerk wrote: »

Thanks for info tigerfeet2006, that's a relief. There are plenty of Post Offices in this area but no Branch.

Will they ask any questions about BR or CCJ's ?

It's an account that's intended for bankrupts and other 'undesireables' such as ex-prisoners, so although you should inform them of your bankruptcy, it won't affect your eligibility. However, if the Co-op was one of your creditors during bankruptcy, then it is likely that you will be rejected. Otherwise you should be fine.