Bank Accounts

sunshinegirl80

I’m getting prepared for bankruptcy and am wondering whether it’s better to set up a bank account just before or do it after? Which bank account is the best I have debts with Barclays, nationwide and the coop. Any suggestions ? 

Thanks in advance 

sourcrates

Obviously you will need banking facilities, so choose a bank with whom you have no debt.

Any accounts in debt that you currently have will likely be frozen for a time, and you won`t be able to use them anyway.

A new basic account with no borrowing facility is what you need, that will normally escape any restrictions.

philnicandevan

https://www.nationwide.co.uk/

They offer a basic account such as sourcrates suggests....

Crazydennie

I went with monzo and opened it the day after I was made bankrupt. I think if you open it before it has to be declared in the bankruptcy documentation and there is a risk that it could be frozen.