Banks....

KazzaR

hi lovely lovely people I need to change my bank as my current bank has now gone into a DRO.. I tried Monzo but then discovered they are connected to NatWest (my bank in the dro) anyway I tried Santander can’t see any links to NatWest.... or am I wrong😩🙈😳 

tia

kaz

[Deleted User]

Santander aren't connected to NatWest, if that's what you're asking.

sourcrates

Coop, nationwide, are both insolvency friendly.

CKhalvashi

Nationwide are known to be insolvency friendly.

As Sourcrates is much more knowledgeable in this area than I am, I can assume that Co-op are in the same position. Be warned with Co-op though that they can be very difficult when applying for other products afterwards.

1977dave

I was with Barclays and no debt to them, but I did owe £300 on my Barclaycard, they were fine with me keeping the account but I closed it anyway. 

Santander, I have a current account with them, no overdraft or anything, they were fine with the DRO, Nationwide were fine, I opened the account just before the DRO but told them and it wasn't an issue
Co-op were fine about DRO but I decided against opening an account with them

reliquit

I entered into an IVA in February 2014. My bank at that time was Natwest, and had been for about 15 years. Natwest closed my current account (unreasonably I thought, since none of my debts were with Natwest) so I opened a basic account with the Co-op. My IVA completed in February 2020, and in October I approached Co-op to see if they would upgrade my Basic account to a full Rewards account. They agreed to do so, the only problem being that they said the couldn't (wouldn't?) transfer my credits/payments/etc and that I would have to do that manually - which I have done.

My Basic account with them remains open - I plan to let it remain for a year in case there are any odd annual payments that I have forgotten to transfer to the new account. Overall I have been very satisfied with the Co-op and plan to apply to them for a VISA card in the New Year.

fatbelly

Confirms what we belive - Nat West are unfriendly to insolvency (probably the most so), Co-Op are friendly

KazzaR

NatWest have closed mine as of yesterday they said they had been informed of my insolvency and therefore closed account. I knew they probably would I’ve actually managed to get a basic bank account with Santander did it all online and very straight forward. 

lesleyvhalifax

KazzaR said:

NatWest have closed mine as of yesterday they said they had been informed of my insolvency and therefore closed account. I knew they probably would I’ve actually managed to get a basic bank account with Santander did it all online and very straight forward. 

Natwest didn't close mine when i entered an IVA but they downgraded my full accounts to basic accounts

KazzaR

lesleyvhalifax said:

KazzaR said:

NatWest have closed mine as of yesterday they said they had been informed of my insolvency and therefore closed account. I knew they probably would I’ve actually managed to get a basic bank account with Santander did it all online and very straight forward. 

Natwest didn't close mine when i entered an IVA but they downgraded my full accounts to basic accounts

It’s because one of the debts that went into DRO was my overdraft with them so I knew it would happen!!

lesleyvhalifax

KazzaR said:

lesleyvhalifax said:

KazzaR said:

NatWest have closed mine as of yesterday they said they had been informed of my insolvency and therefore closed account. I knew they probably would I’ve actually managed to get a basic bank account with Santander did it all online and very straight forward. 

Natwest didn't close mine when i entered an IVA but they downgraded my full accounts to basic accounts

It’s because one of the debts that went into DRO was my overdraft with them so I knew it would happen!!

sorry didn't realise