Basic Bank Account Thread

dazedandconfusticated

hi there fellow sufferers,hoping im not on my own here,am making enquiries for a friend , ihave recently gone through the rigours of bankruptcy and am now on the other side ,I would be obliged if anyone could give me a route to assisting my friend in getting a basic bank account,she has a d.m.p,but now requires a new bank ,however it would appear it was easier to get 1 after i being declared bankrupt,she seems to be running into a brickwall and as yet seems unable to secure an account for her general banking,bill paying etc etc ,after a few online applications where it seems you are unable to specify that all you are after is a basic account and no frills and a couple of unsuccessful branch visits,this problem is causing much consternation,hoping someone will graciously be able to shed some light and put me on the path to passing my friend the relevant info necessary .thanks in advance


dazedandconfusticated

Vincent_Buenisedes

I popped in my local Lloyds branch looking to apply for one of their cash accounts, as per instructions on their website. http://www.lloydsbank.com/current-accounts/cash-account.asp
I looked through their leaflets and the cash account was advertised in them also, so I asked the advisor on the customer service desk for an application form. At first he tried to get me to apply for a current account there and then - which I refused - and after umming and awwing he then told me that the service was being withdrawn. I told him that it was still being advertised in their leaflets and website and after he checked, he still claimed it was being withdrawn and they didn't have any application forms in stock anymore.

Now I'm dectecting a strong whiff of !!!!!!!! here, and they just want me to have a current account. So here's the question for anyone who's applied for this type of account with LLoyds: Has this account been withdrawn, or does the chap not know what he's talking about? I'm not to worried as I'm going to Barclays tomorrow to apply for one of their basic accounts. They still try to get me to apply for a current account, but at least they don't deny they have one.

chakrist

I recently opened a basic bank account with Barclays. I received my debit card and all is working with no problems. However out of the blue I have received letters from 2 debt collection agencies about ancient debts from many years ago. Has my opening this account triggered these or is it purely coincidental.

MrSilk

chakrist wrote: »

I recently opened a basic bank account with Barclays. I received my debit card and all is working with no problems. However out of the blue I have received letters from 2 debt collection agencies about ancient debts from many years ago. Has my opening this account triggered these or is it purely coincidental.

Unfortunately it's not coincidental, when you take out a new financial product, especially with a bank, using your current address, the bank shall make a link from your previous address to your new address, which if any CRAs frequently check your files for tracing purposes, they'll be able to see your new address.

There's no way to hide from your debts unfortunately, however if you've not made payment or acknowledged the debts within the last 6 years, they may be statute barred.

chakrist

I think they would be statute barred does it affect my new account in any way

pmduk

It's unlikely to, Barclays will probably have taken these into account when opening your account.

itsisme

I want to open a second bank account. Is there an account that does not do a credit check?

dr_adidas01

itsisme wrote: »

I want to open a second bank account. Is there an account that does not do a credit check?

Not really all major banks credit check people who want to open an account!!

Chrisblue1962

As far as I'm aware, a credit check is NOT carried out for basic bank accounts

dr_adidas01

Chrisblue1962 wrote: »

As far as I'm aware, a credit check is NOT carried out for basic bank accounts

Wrong Barclays now do it as do Santander oh and Lloyds Banking Group and TSB.

Plenty of posts on this forum about people having basic accounts not opened as there credit files are seriously ruined, or even after further checks have been closed having them closed a week after them being opened.