bank is closing my account

sanova76

I've a joint account with my husband in natwest. For the last couple months things are not good with him ( a lot of unpaid dd). He is self employed. Today we receive letters from natwest that they will not provide banking service for us anymore and will close our account in 2 months.

We will need to open another account and I'm planning to open my own instead of a joint one this time. But will I be able to? My credit rating must have been affected by my husband's. We also have mortgage with them, what will happen to it?
We prioritise the mortgage and never missed a payment.

I work and paid a fixed income every month.

TIA.

Su

CLAPTON

what do your credit files say... that is what other banks will see.

jonesMUFCforever

I would ask the bank how they expect you to furnish the mortgage payments to them if they close your account?

rb10

jonesMUFCforever wrote: »

I would ask the bank how they expect you to furnish the mortgage payments to them if they close your account?

Their answer will be:

By DD from another bank, or by cash/cheque in branch.

Just open an account elsewhere.

jalexa

sanova76 wrote: »

I'm planning to open my own instead of a joint one this time. But will I be able to?

Apply for a Basic Bank account in your own name.

Info here...https://www.moneyadviceservice.org.uk/en/articles/basic-bank-accounts

Natwest have perfectly adequate Basic account but take advice on "set off".

http://www.financial-ombudsman.org.uk/publications/ombudsman-news/84/84-banking-complaints-involving-setoff.htm

sanova76

Thank you all for the reply. Will try to open one on Tuesday.
Wish me luck!

Su

MABLE

sanova76 wrote: »

I've a joint account with my husband in natwest. For the last couple months things are not good with him ( a lot of unpaid dd). He is self employed. Today we receive letters from natwest that they will not provide banking service for us anymore and will close our account in 2 months.

We will need to open another account and I'm planning to open my own instead of a joint one this time. But will I be able to? My credit rating must have been affected by my husband's. We also have mortgage with them, what will happen to it?
We prioritise the mortgage and never missed a payment.

I work and paid a fixed income every month.

TIA.



Su

Natwest helpful banking? I don't think so!

lolavix

If they have sent you a closure letter they won't open even a basic account so you will need to go to another bank

sanova76

lolavix wrote: »

If they have sent you a closure letter they won't open even a basic account so you will need to go to another bank

Hi,

I won't apply at the same bank (natwest). I will try lloyds or barclays. Hope I can open one

Just out of curiousity, will I be able to open 2 basic accounts? Or even I can open one I should be gratefull

Thanks.

Su

reclusive46

sanova76 wrote: »

Hi,

I won't apply at the same bank (natwest). I will try lloyds or barclays. Hope I can open one

Just out of curiousity, will I be able to open 2 basic accounts? Or even I can open one I should be gratefull

Thanks.

Su

As long as you don't have any CIFAS (Fraud markers) you can open as many as you like.

jalexa

sanova76 wrote: »

I won't apply at the same bank (natwest). I will try lloyds or barclays.

Also consider the Halifax Easycash account. Can be applied for online. Go to Bank Accounts, then Other bank accounts.