We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Banking Group Offsets
mikesten
Posts: 38 Forumite
I'm in a DMP with Stepchange. One of my major creditors is Lloyds Bank. I have a Bank of Scotland basic Cash Account that I would like to use (already up and running).
However, because BoS is part of the Lloyds Group does anyone know if I were to use this account the Group could offset any balance in the account against my Lloyds debt?
Many thanks
However, because BoS is part of the Lloyds Group does anyone know if I were to use this account the Group could offset any balance in the account against my Lloyds debt?
Many thanks
0
Comments
-
They can, and probably will.
They're covered by one banking license.
CK💙💛 💔0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 347.9K Banking & Borrowing
- 251.9K Reduce Debt & Boost Income
- 452.2K Spending & Discounts
- 240.3K Work, Benefits & Business
- 616.5K Mortgages, Homes & Bills
- 175.4K Life & Family
- 253.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards