£150 Switching bonus in Bankruptcy?

alltaken

Can a Bankrupt keep the £150 or does the OR need to be informed?
Thanks

Cobalt77

The OR needs to be informed, and will probably take it.

Rrushi_Shqiptar

Surprised you could get it as a BR even if discharged, surely you need to wait the full 6yrs before anyone will let you have an account they are willing to pay you £150 to change

alltaken

Rrushi_Shqiptar wrote: »

Surprised you could get it as a BR even if discharged, surely you need to wait the full 6yrs before anyone will let you have an account they are willing to pay you £150 to change

That's not the case.

philnicandevan

alltaken wrote: »

That's not the case.

tell us more

(because I attempted the same thing in my bankruptcy *undischarged* and nobody would touch me till 6yrs had passed)

National_Debtline

Hi alltaken


If you have not yet been discharged from your bankruptcy then yes, you should inform the Official Receiver.


It's an unusual scenario to consider, as the sort of accounts offering such incentives would invariably involve a credit check.


Dennis
@natdebtline

alltaken

Yorkshire bank readycash. The basic account offers £150 when you switch.

I'm glad to inform you more, the basic account is open to Undischarged bankrupts and the £150 is obtainable. My question regarding the OR is still open, spoke to them today and they're not sure on if it's something they'll be interested in. I'll know soon either way.

Cobalt77

Actually alltaken, you could be lucky as it may cost the OR more that £150 in admin costs to collect and distribute the money - in which case, they will probably tell you to keep it.

alltaken

Hope so, no bother otherwise but it's free money from a bank, bankrupt or not. I recently had a refund of an old telecoms account in credit totalling £190, OR allowed me to keep it.