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banks taking money from yoyr account
pinklady28_2
Posts: 4 Newbie
I hope i have posted this in the right section. I have had three bank accounts in the past that i am all due money too, RBS/HBOS and Smile. At the moment i am using my partners account for my student bursary and tax credits to be credited to. I have been advised to get an account of my own which i am doing at the moment. I am going to be going bankrupt in April when the new laws take effect in Scotland. First of all i tried the TSB they said no, then Nationwide which have excepted me. My worry is that because they are part of RBS would they be able to take funds from that account to credit the debt i have with the bank? thanks for any advice.
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pinklady28 wrote: »I hope i have posted this in the right section. I have had three bank accounts in the past that i am all due money too, RBS/HBOS and Smile. At the moment i am using my partners account for my student bursary and tax credits to be credited to. I have been advised to get an account of my own which i am doing at the moment. I am going to be going bankrupt in April when the new laws take effect in Scotland. First of all i tried the TSB they said no, then Nationwide which have excepted me. My worry is that because they are part of RBS would they be able to take funds from that account to credit the debt i have with the bank? thanks for any advice.
Nationwide part of RBS ????0 -
Sorry i meant to say Natwest.0
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Most of the banks have in their T&Cs that they can pass money around between their subsidiaries to clear debts.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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So do you think i would be safer to go with an account with the Alliance and Leicester then or does it not matter?0
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It looks like you already have adverse information on your credit files. You may find it difficult even for a basic account.
When you go bankrupt it will be blocked as soon as the verdict is published in Stubbs Gazette.0
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