Barclays Not So Bankruptcy Friendly!

TheGardener

AGA78 - that's great news and thanks for posting - hopefully things are beginning to change.
When this community has lots of posts like yours - the community can being to change their advice accordingly. Until then, all readers looking for pre-BR advice should open a Barclays or co-op account just in case

TheGardener

jason909 wrote: »

Santander & Natwest!

Don't believe me? Find the number to the bankruptcy teams and give them a quick call.

I don't disbelieve you - but until it becomes the norm with consistent application across all their branches, BR's should still be advised to look to Barlcays and the Co-op to be on the safe side. Please remember desperate people use this particular board and we try hard to make things a clear as possible. Once these banks apply their apparently new tolerance of BR's consistently across the country we can advise people of that. In the meantime, we should stick to what is tried and tested.

jason909

Bank's polices & regulations are changing almost daily, just because you've been giving out 'tried and tested' advice for a number of years means absolutely nothing.

While all the so called 'debt charities' which in most situations apart from the CAB are getting commission from passing over clients, are providing advice to the 'Not so bankruptcy friendly Barclays' it would't surprise me that there are heaps of users here that are getting paid commission to keep putting across this so called 'positive image' of Barclays yet there is probably a handful of banks these days which are treating bankrupts much better, fairer and keeps all parts of modern day banking open.

I've mentioned two already!

Nobody ever gets a real chance to try other banks because every forum / profit making debt charities push vulnerable people in the direction of Barclays - why ? Because it's tried and tested and we've always done it that way….Forget the banks that are changing internal polices almost daily here's a good example a major bank in London it's called Metro Bank they actually print a debit card in branch, they love to take people who are bankrupt they believe everyone deserves a second chance + it's free to bank with them….
https://www.metrobankonline.co.uk

As I've said before DO NOT call any bank's customer services - DO NOT approach branch staff (thats if you can find any!) it's a total waste of time and false information is given they are not trained enough in this field.

YOU speak directly to the bankruptcy team they are the ones that will tell you exactly if or how your account will operate, they will advise of restrictions or bank polices on this subject.

Times are changing - It really isn't all about Barclays anymore.

It's about time a proper investigation and research is done by either the government or CAB to give correct and the most up-to-date information on customers who use banks when bankrupt.

alastairq

The debt charities, including CAB, garner much of their 'practical advice' from those of us who have endured practical experience in these matters.

That is what 'tried & tested' means. And until other banks either come forward with their own policies regarding BR.......then we...as those who proffer advice based upon our own experiences..and knowledge gathered over the years.....will continue to give what might be, to you, very limited advice on banking, and Bankruptcy.

Yes, it is limited...because up until very recently, the choice WAS limited.

The 'Government' has little interest in BAnkruptcy.

The CAB itself has limited funding,and a limited number of debt specialists.

Up until NOW.....every bank you mentioned has refused to consider giving a basic account to an Undischarged BAnkrupt.

If what you state IS correct..and provable...then we can change the advice to. contact any bank's Bankrutpcy section for advice.

Whooptidoo.....the whole ethos of the entire financial industry [insurance companies next, eh?] is about to change, to do a complete 180 degree about face.

Or....will they politely tell us to go 'do one?'

BTW, has the OP declared BR, or about to do so?

debtorwithaquestion

jason909 - agree with you .

I recently went through a Debt Relief Order. NatWest downgraded my full account to basic but Santander left my full current account operational.

Just before the DRO was submitted I opened: Halifax/Barclays/TSB/Nationwide basic bank accounts in preparation for them all to be 'closed' or 'frozen' as this forum continuously advised.

All of these accounts remain open and functioning fully.

With the bankruptcy/dro on my credit file at the time I applied, I was then approved for a TSB full current account AND RBS full current account with contactless card.

This is almost every high st bank that have not batted an eyelid to the 'bankruptcy' on my credit file; perhaps because they dont know yet, or perhaps because from December 2015 legislation means banks must offer basic accounts. Doesnt explain the two full current accounts I opened whilst still an undischarged bankrupt though does it?

Barclays continue to frustrate me with the lack of online banking and mobile banking; fact is we ARE in the 21st century now; yes we didnt always have smartphones and the internet but most people manage money this way and statements by post are simply often too out of date to be useful enough.

This is just my experience

J.

dojoman

jason909 wrote: »

Santander & Natwest!

Don't believe me? Find the number to the bankruptcy teams and give them a quick call.

That is great news if it is actually being adhered to, would love other peeps to come on here and confirm it. The odd one or two it happens to means nothing as quite a few people over the years have slipped through the net with these and other banks.