Personal injury trust bank
Hi, I hope that I'm putting this in the right part of the forum.
This is a question on behalf of my sister. She was recently awarded a sum from a medical negligence claim and was told that she should open a personal injury trust to protect her disability benefits (a disability that is a result of the medical negligence).
She has found it hard to find a bank that is offering them currently, but Metro Bank gave her appointment to submit an application.
She has now been told that the application was rejected because of her credit rating (I'm not familiar with the specifics)...which makes little sense to me as she will only be depositing and withdrawing funds, not borrowing anything.
Anyway, is there an alternative arrangement she can use for this trust rather than depending on a bank's discretion? Or alternative banks?
Cater Allen and Barclays are not currently accepting any new trusts apparently.
Thanks in advance, she is very stressed and hoping I have give her some good news.
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