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DRO and new bank account
good afternoon.
I am half way through a DRO and wondered if you are able to open up a Monzo bank account whilst in an active DRO? every month i seem to have issues with my current bank and wondered if i could open another? that’s if i would even be accepted for a basic account.. any help would be appreciated.
I am half way through a DRO and wondered if you are able to open up a Monzo bank account whilst in an active DRO? every month i seem to have issues with my current bank and wondered if i could open another? that’s if i would even be accepted for a basic account.. any help would be appreciated.
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Comments
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I don't see why you couldn't open a Monzo account as long as they are happy to have you. I doubt they will be concerned about the DRO as long as you weren't asking for an overdraft (do they even offer those?).
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STRUGGLING DURING THE HOLIDAYS??
click here for ideas on how to cope....Some websites and helplines if you're struggling this Christmas — MoneySavingExpert Forum0 -
Try as I think some of those with IVAs have signed up. If not the Co-op and Barclays used to be bankrupt friendly, albeit basic accounts only.If you've have not made a mistake, you've made nothing0
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Taff2121 said:good afternoon.
I am half way through a DRO and wondered if you are able to open up a Monzo bank account whilst in an active DRO? every month i seem to have issues with my current bank and wondered if i could open another? that’s if i would even be accepted for a basic account.. any help would be appreciated.I have a bank account with Monzo and have an active DRO.I decided to make the swap from Revolut as I couldn't find anything on how they handle customers during Insolvency and their chat support didn't seem to know anything either.0 -
Monzo told me that Insolvent customers are welcome to bank with them but lending services will be restricted while insolvent.
They told me I have no access to any lending for the near future, just basic banking.
Which is completely fine, all I need.0 -
I believe you have to make Monzo aware of your DRO if you are still within the Moratorium period and not discharged.
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