Co-OP Saving account declined!

Nevermore

I just moved from Nationwide to Co-op as Nationwide didn;t want to give me a debit card besides being discharged for 8 months now. Opened the co-op account without any problems but the saving account was declined. Which I don't understand at all. I have a savings account with Nationwide which I also wanted to have transferred to Co-op as I would prefer to close the Nationwide account. Why does Co-Op not want to have my savings?? It is not that I was asking for any credit at all. I find that very confusing.

fiveyearplan

I've never understood it myself but a lot of BR's have trouble opening savings accounts.

Rylynn

It seems a bit stupid doesn't it, bankrupts who are prepared to try and get back to normal and try to save up, for things like MOT/Tax etc are penalised by banks, and they are not asking for any credit only a savings account! Is it that the banks do not want to pay interest on these accounts to bankrupts, otherwise I just do not get it at all.

Eternal_Optimist

Hello Nevermore:D

Have a read of this thread re. Sainsburys' Saving Account:

http://forums.moneysavingexpert.com/showthread.html?t=923985

get_me_out

Just wondering did you have Nationwide flex (basic cash card) account when you filed BR??

I would love to keep my account as use internet banking to keep track.

philnicandamy

Nationwide are not the most Br freindly of banks so more than likely soon as they hear of your BR they'll close the account.......the co-op cashminder acc has internet banking as well though

Nevermore

get_me_out wrote: »

Just wondering did you have Nationwide flex (basic cash card) account when you filed BR??

I would love to keep my account as use internet banking to keep track.

I got the account after I was declared bankrupt, but that was in May last year and as far as I know it it not possible any more to get an account with them.

I wasn't aware at all that it is so diffcult to open a savings account! !
I guess I was lucky then with my Nationwide savings account and it seems I have to keep it in that case! And just have the basic account with co-op.

december

This probably won't help but I have a Flex account with Nationwide and whilst they are allowing it to remain open I was told they won't consider me for a debit card for the next 6 years.

December