declared bankrupt & needing a bank account.....

cappaccino_girl

Hi there

I posted a while back concerning my partner who has recently started a new job.

He had been declared bankrupt, so I asked for advice from yourselves re: banks who would be accomodating. Nationwide, Barclays, and Co-op were the 3 which seemed the best bet.

Last week me and my partner went to the Co-op bank, to set up one of their basic Cashminder accounts. All this involves is paying his wages into it, and him being allowed to withdraw his own cash from the account.

He filled in the required forms, provided the relevant proof, etc. We were led to believe it should be no problem.

After nearly a week of waiting to hear if the necessary checks had been completed, my partner got a letter which said along the lines of they had considered his application but he had been turned down!!

No explanation was given.

I was just wondering if anyone else in a similar situation had experienced problems with the Co-op, as he desperately needs an account of some type in order for his wages to go in.

Are the other two (Barclays, Nationwide) any easier to deal with, or more likely to ok it?

Someone also mentioned about an account at the Post Office?

Any tips, etc would be appreciated.

Thank you

Cute_'n'_Quirky

The Abbey and Nationwide both provide accounts for undischarged bankrupts, also Barclays now I think.

Has your other half tried to find out why the Co-op turned him down? The Co-op are not usually a problem.

The Nationwide and Abbey will open an account by walking in off the street, with ID.

cappaccino_girl

Hi again

Well, tried to get an account with the Abbey today, and having been turned down by the Co-op asked the woman behind the counter what chance there was of being able to get an account with them, as didnt want to through all the rigmarole only to be turned down again.

Anyway, the lady was pleasant, but said that basically even the basic account with them, which just allows you to pay money in and withdraw money out, would not allow my partner to get an account with them. they have suggested the only answer would be to open a savings account with them, and then pay the wages in there. :wall: :wall: Not really what you are supposed to do, but like she said, it seems like the only option.

The Post Office don't allow wages to be paid into their account, I checked online and in person.

We havn't tried Barclays yet.

I just dont understand why they are being so awkward. If he wanted to borrow money, get an overdraft, etc then fair enough. But to simply put your own money into an account, and withdraw your own money out of the account, what risk is there to the bank?? :think: :think:


He's getting a bit desperate now, his wages are paid on the 10th of the month, and he needs an account to get them paid into.

any comments and/or suggestions?

Thank you

Stargirl_3

Hi there

Have you tried adding him to an cardcash account already in your name? That may work?

Good luck and hope you have got it sorted by now.

BrunoM

I don't know if this is generally applicable, but my OH started temp work here with no bank account whatsoever, when they said they really had to have bank details to pay her wages, she was able to give them mine and they just went into my account with no problems.
Obviously there are all kinds of imperfect things about such an arrangement but it might be quick and easy.

**Patty**

My OH was successful in getting an account with Barclays while he was still undischarged.

But his wages are actually paid into my account.

Cute_'n'_Quirky

cappaccino_girl wrote: »

Hi again

Well, tried to get an account with the Abbey today, and having been turned down by the Co-op asked the woman behind the counter what chance there was of being able to get an account with them, as didnt want to through all

Anyway, the lady was pleasant, but said that basically even the basic account with them, which just allows you to pay money in and withdraw money out, would not allow my partner to get an account with them. they have suggested the only answer would be to open a savings account with the rigmarole only to be turned down again.them, and then pay the wages in there. :wall: :wall: Not really what you are supposed to do, but like she said, it seems like the only option.

The Post Office don't allow wages to be paid into their account, I checked online and in person.

We havn't tried Barclays yet.

I just dont understand why they are being so awkward. If he wanted to borrow money, get an overdraft, etc then fair enough. But to simply put your own money into an account, and withdraw your own money out of the account, what risk is there to the bank?? :think: :think:


He's getting a bit desperate now, his wages are paid on the 10th of the month, and he needs an account to get them paid into.

any comments and/or suggestions?

Thank you

I do some work in debt counselling - the only three banks that will allow an undischarged bankrupt an account are the Co-op, Abbey and Nationwide and,possibly, Barclays although Barclays vary across the coutry. Normally the Co-op are no problem

Did you ask as to why the basic account was being refused? The only reason they usually refuse is if there is any association where fraud has been involved. Now I am not saying that applies to you but it could be that something is on your CRF that shouldn't be.

Have you had a look at your CRF?

If you haven't done so, ask the Co-op why you were turned down for an account.

This is very odd.

SeaBreeze

Hi, I'm currently an undischarged bankrupt and I was also turned down by the co-op. Had no problems opening an account with Nationwide and their internet banking is fantastic. Only comes with a cashpoint card though.

cappaccino_girl

Cute_n_Quirky wrote: »

I do some work in debt counselling - the only three banks that will allow an undischarged bankrupt an account are the Co-op, Abbey and Nationwide and,possibly, Barclays although Barclays vary across the coutry. Normally the Co-op are no problem

Did you ask as to why the basic account was being refused? The only reason they usually refuse is if there is any association where fraud has been involved. Now I am not saying that applies to you but it could be that something is on your CRF that shouldn't be.

Have you had a look at your CRF?

If you haven't done so, ask the Co-op why you were turned down for an account.

This is very odd.

Thanks for your reply and advice.

We didnt question the reason why the Co-op turned him down, simply because he only has a certain amount of free time to sort his account out, and he needed one ASAP.

I know there wasn't anything to do with fraud (not that you were suggesting that as I know), it was simply debts accrued through a divorce settlement.

But happily we went to the Abbey and they sorted him an account out. He still couldn't get a straightforward current account, not even the basic one, but instead, has opened a savings account, and is having his wages put in there. Not the usual way as the customer adviser said, but it was the only way they could do it.

But thank you all on here for your helpful comments and advice - much appreciated :T :T