Opening a new bank account for benefits only?

bryanb

Goldie4711 wrote: »

Yes, I meant "precis"...I never learnt Latin.

It's French. I guess you didn't learn that either.

Goldie4711

bryanb wrote: »

It's French. I guess you didn't learn that either.

It's not French, as the French word has an acute accent on the "e", though French is Latin derived. I hope I have educated you.
I got a grade "b" in A level French...but thanks for putting your time and your interest in me and my education, despite the fact it's rather creepy..
Can we stick to the subject, please, rather than mocking me and trying to start a flame war? Thank you.

Goldie4711

epitome wrote: »

Save yourself a lot of bother and open another account with a different bank now, then you can phone DWP and your account will be changed immediately. If you can't open an account you can either nominate someone else's account (your family or good friends) and as long as you supply sort code, account no. and account holders name then your benefit will immediately go into that account. Unless it has already been released, payments are released 3 - 6 days before they actually credit into your existing account.

OR you can call DWP and ask them to contact the Post Office on your behalf and the Post Office will contact you with an account opening pack.

Thanks for the advice. I shall do that. However, does that mean they can simply defer the fees they can not appropriate in the meantime, while I am on JSA, and I will be charged them later?
I think the answer to that lies with the legislation and the answer to the following question.....
**Does BCOBS (2009) supercede social security Act (2002)?**

tomtontom

Goldie4711 wrote: »

It's not French, as the French word has an acute accent on the "e", though French is Latin derived. I hope I have educated you.
Can we stick to the subject, please, rather than mocking me? Thank you.

bryanb is correct, it is derived from French. Check the OED if unsure.

wildwestfan

Goldie4711 wrote: »

Thanks for the advice. I shall do that. However, does that mean they can simply defer the fees they can not appropriate in the meantime, while I am on JSA, and I will be charged them later?
I think the answer to that lies with the legislation and the answer to the following question.....
**Does BCOBS (2009) supercede social security Act (2002)?**

The charges for the outstanding overdraft will continue unless you contact them and ask them to stop and make a payment arrangement to clear your debt.

Open a basic account elsewhere for your benefits.

Instead of looking for legal loopholes that don't exist you need to take ownership of the problem and deal with it.

Morglin

Goldie4711 wrote: »

Hi,
I pay £60 per month bank charges on a £2k overdraft since I've been unemployed.
I've heard that if you open a new bank account for JSA/income support benefits, the bank can
1. NOT appropriate from the new account
2. Can NOT continue to add charges to the existing overdraft..

Is this true?...I'm sure there is some legislation on this but I can't find it..

I'd be really grateful for advice on this,
Thank you in advance,
Goldie

You can certainly open a separate bank account, to stop your current bank grabbing your benefits. Most banks do basic accounts, without any credit checks.

But, it might be worth also making an arrangement to pay off what you owe the current bank at x amount a week (whatever you can afford).

Stepchange (a free debt advice service) will advise on what banks can and can't do, and how to come to an arrangement with them:

http://www.stepchange.org/Contactus.aspx

Lin

dippy3103

Have you written to the bank and explained your situation? Maybe they can help if you write a polite letter explaining your situation.

Would make sense to open a basic bank account for benefit purposes then take steps to deal with the problem

Goldie4711

tomtontom wrote: »

bryanb is correct, it is derived from French. Check the OED if unsure.

I don't need to check the OED.
1. Precis with an acute accent on the "e" is French.
2. The French language is a Latin derived language
3. Precis without the accent (that bryanb is so fond of) is not a word at all.
Check the OED if unsure.

Goldie4711

wildwestfan wrote: »

The charges for the outstanding overdraft will continue unless you contact them and ask them to stop and make a payment arrangement to clear your debt.

Open a basic account elsewhere for your benefits.

Instead of looking for legal loopholes that don't exist you need to take ownership of the problem and deal with it.

Thanks.
What I don't understand is if I weren't to make a payment arrangement for my overdraft that was subsequently agreed by all parties, then what would be the advantages of opening a basic bank account for my benefits, as people are suggesting I do anyway, and as a matter of course?
In that scenario, they would still keep adding charges to my old overdraft anyway, whether I had a new account to pay in solely my benefits, or not....
I'm confused....
As for the "legal loopholes", I'm not looking for loopholes, I'm trying to understand what legislation governs my issue...that's all!!!

Goldie4711

Morglin wrote: »

You can certainly open a separate bank account, to stop your current bank grabbing your benefits. Most banks do basic accounts, without any credit checks.

But, it might be worth also making an arrangement to pay off what you owe the current bank at x amount a week (whatever you can afford).

Stepchange (a free debt advice service) will advise on what banks can and can't do, and how to come to an arrangement with them:

http://www.stepchange.org/Contactus.aspx

Lin

I'll contact Stepchange.....thanks for advice.
Also, you say ---
**You can certainly open a separate bank account, to stop your current bank grabbing your benefits**.
Is that legal? It all rests, I believe, in determining the legislation that governs this issue. i shall contact Stepchange.
Thanks, once again..:beer: