Bank account for a bankrupt

thegrifter

Hi.. This is maybe a bit of a double edged thread but primarily the question relates to bank accs.
I have recently been declared bankrupt and and due to lack of funds in my account 1 month of DD's went unpaid, while they are allowing me to retain the account, my bank (coop) will no longer allow me to have direct debits set up on it for 3 months. This is most inconvenient and am looking for options, I came upon an online ad for a company called 'Bank Accounts Direct'
I wondered if anyone had heard of them and of their reliability or is this some sort of scam/ripoff.
Can anyone advise.....thanks in advance. :beer:

fatou256

hi the grifter i dont knwo about bank account direct but have you try barclays cash card account ? they allow direct debit and standing order. if no luck with them there is think banking but there is a monthly fee 12 pounds/ month whcihis a bit steep.

can you pay your bill manually with prepaid card ?.. a bit of a pain as you have to call them etc... i do it for some of my bills . i know it is not an ideal solution . i am not too sure what else to suggest. anyone any other idea ?

thegrifter

fatou256 wrote: »

hi the grifter i dont knwo about bank account direct but have you try barclays cash card account ? they allow direct debit and standing order

I did try Barclays and was turned down, That was about 3 months ago admittedly but I don't imagine that they will be anymore forgiving now since I have also become bankrupt in the interim...But thanks for the response....

fatou256

oh sorry the grifter ..... the only other option for you it will be probably to get a prepaid credit card like virgin and pay your bill with that for the next 3 month unitl the co-op let you use the DD facility so you dont build up too much arrears

or you could open an account with think banking but it is a bit expensive 12 pounds / month but they do DD and standing order and no credit check .... this is their link
http://www.thinkbanking.co.uk/

alastairq

my bank (coop) will no longer allow me to have direct debits set up on it for 3 months. This is most inconvenient and am looking for options

this is only twelve weeks or so.....3 sets of payments.Ring around the DD payees, pay over the phone using your electron card....then when Co-op have calmed down, reset DD's.

Sometimes, insufficient funds for DD's can simply be, a couple of pounds short...yet the DD gets returned, and penalties apply.

It is the 'unforgiving' nature of DD's that I dislike...[as well as, companies actually being able to vary their DD receipts to suit.....for example, power companies?]

If money is going to be short at any time, quickly cancel relevant DD's, then pay manually when the time comes....

for sure, companies get all hoity toity..but saves one's bank going all snotty

thegrifter

fatou256 wrote: »

oh sorry the grifter ..... the only other option for you it will be probably to get a prepaid credit card like virgin and pay your bill with that for the next 3 month unitl the co-op let you use the DD facility so you dont build up too much arrears

or you could open an account with think banking but it is a bit expensive 12 pounds / month but they do DD and standing order and no credit check .... this is their link


Hi fatou256...thanks for that I'll have a look on their site cheers...thegrifter:cool:

thegrifter

alastairq wrote: »

this is only twelve weeks or so.....3 sets of payments.Ring around the DD payees, pay over the phone using your electron card....then when Co-op have calmed down, reset DD's.

Sometimes, insufficient funds for DD's can simply be, a couple of pounds short...yet the DD gets returned, and penalties apply.

It is the 'unforgiving' nature of DD's that I dislike...[as well as, companies actually being able to vary their DD receipts to suit.....for example, power companies?]

If money is going to be short at any time, quickly cancel relevant DD's, then pay manually when the time comes....

for sure, companies get all hoity toity..but saves one's bank going all snotty

Hi alastairq thanks for the response, this is quite likely what I will have to do, although I have discovered that if I do not have a DD in place with sky they insist on having 2months advance payment, Life is just easier with DD option. There are some options eg, fatou256 reply and indeed the company responsible for my post,bank accounts direct, these options come at a premium though, £12.00/£12.50 per month and as i'm not sure who these people are I was trying to find out if they were safe to use.

Cat_Woman_2

Hi there, I don't know if this is the right place but I am having trouble with an amount that should have been paid to me by a person with a Thinkbanking account. They tell me that the transfer has gone through but it will take up to eleven days including weekends for the amount to reach my bank - has anyone ever heard of this before - a bank taking 11 days to do a transfer? I have seen her statement with the amount going out so, am I to believe that Thinkbanking makes money by holding on to transferred money? I hadn't heard of the bank before but I see that it is a part of Newcastle Building Society by reading previous posts. Help, can any one tell me why they hold on to the money for so long?