Co-op, Barclays .... Nat West?

ian_h

I have a Cashminder from Co-op that I use as my main current acct (DD's etc) and a backup Barclays account that I hardly use (but do have their ISA to keep things sweet).

I recently formed a limited company and got a basic business account with Nat West, during the conversation they mentioned current accounts and asked if I wanted their Step account.

I declined at the time (didnt even know if the Business Application would be successful at that stage).

Despite my inbuilt reluctance to have too many eggs in one basket I'm wondering if the Nat West account might be worth considering as many report successful applications to "full" current accounts after a proving period.

I'm happy with the co-op (and grateful they saw fit to give me an account when no-one else would) but I'm wondering if Nat West would help rebuild my credit file better because of the possibility of getting a full account before the 6 years are up so when that milestone passes I have a history with a full account?

Anyone any experience or thoughts?

Cheers

WLITC

Personally I would go for it with Natwest, but maybe wait until your business account has been running for a several months to perhaps build up some postive history with them. I'm pretty certain I read a post some months back that a BR had opened a regular Natwest account and even got a small overdraft facility.

Like yourself I also have a basic account with Barclays and Coop and I do wonder if they'll be harder to get an regular account as they both were informed during the BR process and that may be held against me. I am now in a new job and have my salary paid into Barclays and and now that I can afford to save some money, I have opened a savings account with Barclays in the hopes that will help me down the line when it comes to upgrading, My plan is to wait until around January next year and then ask for an upgrade and if they decline then I plan on trying Natwest.

capeverde

still got my full nat west current account and its now a good few months after discharge. They were contacted by OR and were happy for it to remain open. I did check again with the OR after discharge and he said it was ok. Just been putting in a couple of hundred a week and everything seems fine. Got a statement and it is deffo a full account. I know some people will say be careful, but I dont understand why, theres nothing they can do other than close the account and give me my money back. They certainly cant keep it. I didnt owe them anything in the first place and I am completely discharged.

iquit

I'm plagued by worry and don't want to have all my eggs in one basket. The co-op have been brilliant, I have 2 cashminders and an ISA with them, I would recommend them to anyone going or who has had to go bankrupt. I am looking to approach Barclays for a basic account. I rang their customer service line last week and was told to go into local branch. I will also try for a Natwest step account at the end of the year, especially if it helps with building my credit rating.

wilson52

i have a ltd company and use natwest, i get free banking for 24 months