Getting started on BR...

Toon_Dave

heres the forum page to help with filling out the paperwork

http://forums.moneysavingexpert.com/showthread.html?t=902531

please ask anything regarding completing the forms, i have almost completed mine with some fantastic assistance from this forum

dalip

Iwent bc in nov and keep my SOA next to my laptop just in case anybody asks a question:D .

You are not alone getme,we are all here helping you both emotionally and otherwise,so don't feel like you have to face this on your own.

We are a motley,mad bunch made up of hasbeens(those gone bc ages ago),nowbeens(those gone bc recently)doingbeens(those doing it now)and finally maybeens(those thinking about it:rotfl:.D.

Toon_Dave

Dalip....lmao...i guess im a doingbeen now...cant wait to be a hasbeen!!

get_me_out

Sorry just thought of another question......

If I only have my post office account, for tax credits and child benefit. Will this be frozen???

I need to remove my name from joint account, never any money in there. Just wages paid in and money paid out.

Savings?? that would be nice. I have 5 pounds in a credit union savings plan for Xmas..... how would I list this as only have membership number not account number

Toon_Dave

i think all accounts are frozen automatically and you will have to speak with the OR to unfreeze it as they will have to speak to the Banks/post office to do this.

i have a basic barclays account which should stay open but i too think it will be frozen immeadiately after the BR then i have to apply to OR to have it undone.

hope that helps

philnicandamy

get_me_out wrote: »

Sorry just thought of another question......

If I only have my post office account, for tax credits and child benefit. Will this be frozen??? Shouldnt be...you do have to list EVERY account you hold though...."if" the rare chance its frozen (which it shouldnt be) the OR can easily unfreeze

I need to remove my name from joint account, never any money in there. Just wages paid in and money paid out. yep

Savings?? that would be nice. I have 5 pounds in a credit union savings plan for Xmas..... how would I list this as only have membership number not account number i'd put down your membership number & list it as a credit union (some notes sheets in the forms to explain

Hope that helps a bit

philnicandamy

Toon_Dave wrote: »

i think all accounts are frozen automatically and you will have to speak with the OR to unfreeze it as they will have to speak to the Banks/post office to do this.

i have a basic barclays account which should stay open but i too think it will be frozen immeadiately after the BR then i have to apply to OR to have it undone.

hope that helps

one thing to remember.....not all accounts are always frozen straight away if you explain to your OR the post office account is for benefts only you should be fine

Toon_Dave

philnicandamy wrote: »

one thing to remember.....not all accounts are always frozen straight away if you explain to your OR the post office account is for benefts only you should be fine

thanks Phil, i thought all were frozen as a matter of course with the BR. thats good to know. I only have the basic for bills and salary etc so no reason for them to freeze but i'll find out on monday. i'm going to withdraw most of the cash over the week just incase i need it for bills/rent etc after

Cheers
Dave

philnicandamy

the OR will freeze an account if they have an interest in it (large balance etc or somethings not right in their eyes) otherwise its usually banks that close/freeze accounts once they hear from the OR about your BR depending on the bank these accounts can easily be opened again by the OR.. most banks though apart from co-op/barclays are not the most BR freindly so in some cases depending on who your accounts with it may be closed by the bank for good

Toon_Dave

philnicandamy wrote: »

the OR will freeze an account if they have an interest in it (large balance etc or somethings not right in their eyes) otherwise its usually banks that close/freeze accounts once they hear from the OR about your BR

cool. i'm not sure now then about withdrawing too much incase its deemed not right...hmm. What do you think on that?