Basic bank accounts

Heycock

I'm asking this out of curiosity because I've been post BR for a while and am sorted out, but it may be of interest to those just starting the process.
I went BR and as Barclays were a major creditor I did not even consider them for a basic account as I'd have been laughed out of the branch! Opening up with the Co-op was easy and I've been very happy with the Co-op's service.
The question is this....had the Co-op been rejecting new applications then, as they are now, where could I have gone?
Do Barclays, as the other provider of post BR basic accounts, actually give them to their own former debtors?
Or are former Barclays debtors now locked out?

dojoman

They gave me one and they were one of my creditors!

mysterio_2

dojoman wrote: »

They gave me one and they were one of my creditors!

Ditto...both Me & Brother had basic barclays accs opened after BR no issues at all

infact they've just updated brothers account as he's bankrupt 6yrs march

alastairq

By way of oblique response, the only people who [it would appear] would be affected by Co-op's change of tack would be those who enter into personal bankruptcy [by whatever means], without any form of prior planning or forethought.


Such [lack of] action on the individuals' part rather flies in the face of the continual advice given on here...of, consulting with one of the debt advisory charities [CAB, etc].......where doubtless the first advice given concerns how to face the debt crisis, and what actions to immediately take?


This advice includes, opening a basic account away from one's creditors.


I suspect that, to the Co-op, opening a Cashminder account..[even if prior to BR], shows the individual is taking steps to cope with their debt crisis??

The major impact on debt and insolvency being, that no longer will an individual be able to simply cough up the required amount, petition BR, then hope to sort out their finances and get a bank account.

In other words, it appears to voluntarily place bankruptcy as the last resort, rather than the first action.


It also appears that, by reverting to planning ahead, when dealing with debt, no inconvenience appears to have been suffered by Co-op's change of approach..?

In other words, a course of action which acquires maximum public outrage, with minimum harm to those involved, over the unequal situation which has developed in High St. retail banking.