Help re Barclays

77blondie

I have opened a new Barclays account to use when bankrupt from Friday. Just register for the banking app and when u open it the debt I have with Barclaycard is on there. Are they going to take money from cash card account to pay barclaycard debt? I'm scared to put any money into the account for fear of them taking it. I had given my employer these details to pay wages into

macbabypam

Once Barclays are notified you are BR by the OR They usually shut the mobile phone and internet banking facilities as you are not allowed them until AD. As long as you are declared BR before your wages go in to the bank you should be ok as the Barclays debt is no longer yours after you are BR. The OR will contact the bank to tell them he has no interest in your account as long as you notify him that this will be the account you use for your wages and bills.

Just out of interest have you opened a cash card account not a current account as this is the only account Barclays normally let you have as a BR.

77blondie

Payday isn't until 28th and I will be declared bankrupt on Friday 16th. Don't mind losing mobile banking etc more worried about them using my wage to pay off the debt? Yes it's just a basic cash card account

Sparx

I wouldn't trust opening a new account with the same one you have debts with, even if they accidentally draw funds from it to pay off your debts.

Can you not setup a basic cash account with an unrelated bank i.e. Nationwide, Natwest or Lloyds? All 3 have great mobile banking apps.

77blondie

Sparx wrote: »

I wouldn't trust opening a new account with the same one you have debts with, even if they accidentally draw funds from it to pay off your debts.

Can you not setup a basic cash account with an unrelated bank i.e. Nationwide, Natwest or Lloyds? All 3 have great mobile banking apps.

I thought only two banks you could go to are co-op or Barclays? It's a barclaycard debt which I'm told if a different part of the business

tigerfeet2006

Sparx wrote: »

I wouldn't trust opening a new account with the same one you have debts with, even if they accidentally draw funds from it to pay off your debts.

Can you not setup a basic cash account with an unrelated bank i.e. Nationwide, Natwest or Lloyds? All 3 have great mobile banking apps.

These banks tend to close accounts if you go BR.

There are only two which are fairly BR friendly and that is the Co-op ( open with as big a gap between that and BR and don't tell them of your intentions) and Barclays who remove Internet banking etc. when BR

You shouldn't have any problems with Barclays OP the are pretty good with these sort of things. If you have any problems get in touch with our OR and it should b sorted pretty quickly.

77blondie

tigerfeet2006 wrote: »

These banks tend to close accounts if you go BR.

There are only two which are fairly BR friendly and that is the Co-op ( open with as big a gap between that and BR and don't tell them of your intentions) and Barclays who remove Internet banking etc. when BR

You shouldn't have any problems with Barclays OP the are pretty good with these sort of things. If you have any problems get in touch with our OR and it should b sorted pretty quickly.

The Barclays one is open and everything and all direct debits are moved over just concerned about putting money into to it. Not really sure how I can find out for sure. Perhaps the OR could confirm for me on Friday that they can't offset my wages and money in acc against bankruptcy debt.

alastairq

If the debt is with BArclaycard, then that is a different arm of the bank [as a whole] to the retail side...where accounts are dealt with.

They are not allowed to offset.

I don't think you will have much to worry about.

fermi

After the making of the bankruptcy order, s285 of The Insolvency Act 1986 prevents any creditor in the bankruptcy have any remedy against the property of the insolvent.

In this case property includes any money deposited into a bank account and remedy includes exercising a right of set off, even if there was previously a contractual right to do so.

In other words, even if they did have a right to set off before your bankruptcy, once you go BR they lose that right for any debt that is covered by the BR.