current accounts with poor credit

wazza24

Hi all
does anyone know if there are any banks were a discharged bankrupt has any chance of getting an account. thanks

sharman2k

I found that when I went bankrupt I was able to get a basic account with Nationwide on the day I was adjudged. Once I was discharged, a year later, I got a basic account with Natwest (STEP) that gave me direct debit and debit card facilities. As for any other accounts, most banks are reluctant until it has been over six years and you have managed your accounts well.

Ineedaname

Both the Barclays Basic and Co-op Cashminder are BR friendly accounts, meaning you can operate them during your BR year. So I should imagine they would be fine to open post discharge too.

scarlet55

co-op cashminder is about the best, i have just opened an account with them and i told them i was getting a dro, they didnt bat an eyelid...iv also read loads of threads on here of people going br opening one aswell.

Tupperware_Queen

if you want a current account with a cheque book, you may struggle, but most people find that the co-op cashminder or barclays basic account function fine. I have a co-op account, and use internet banking, cashpoint card/debit card, and the ability for standing orders etc

everything I need, so no prob not having a cheque book

*Kat*

OH got a Barclaycard after he was declared bankrupt

RuthnJasper

I had no problems whatsoever in getting a Natwest STEP account (like Sharman2K above). I was totally open and honest about my situation and they could not have been kinder or more understanding. I have 18 months to go before my IVA ends and I shall certainly be staying with them after that.

Good luck to you. xx

kepar

The OP is/was bankrupt and you are in an IVA there is a bit of a difference and some might struggle to open that account.

Ineedaname

Sharman is BR and successfully obtained a NatWest STEP account post discharge.

I've read a few others suggest this account for post discharge.

needalittlehelp

I had no problems in getting a Santander Instant Plus account. I was honest with my situation from the start and they said it shouldnt be an issue

alastairq

It appears, after AD, folk should have few problems obtaining a basic bank account anywhere.

I would question the necessity of needing a cheque book account...?

After all, cheque facilities are quickly being phased out of the financial world....are they not?

I think the essential is, how well one can control one's finances with a particular account....ie internet banking, etc.

And how versatile one's bank card is?


A recent complaint by MP's suggested that banks tend to hide the true costs to a customer regarding the running of a current account....comparison between banks is difficult.. leading to customer inertia.

At least with a basic account, charges are minimal or zero at point-of-sale?