Bankruptcy

[aberdeen nut]

Hi anyone know how a person can get a bank account, if they are bankrupt. it would seem that once this happens no bank wants to help you,any answers,on how you are ment to get back to normal when you can't get insurance by direct debit or any assistance to do so. Many thanks, aberdeen nut

[Buenchico]

The Financial Services Authority produces a booklet about 'basic' bank accounts. The table, on pages 6 & 7 shows the grounds that each bank considers when deciding whether to refuse an application to open an account. 'Undischarged bankrupt' appears alongside most of them but not with these accounts:

Barclays Cash Card Account

Cooperative Cashminder

Nationwide Flex Cash Card

http://www.moneymadeclear.fsa.gov.uk/pdfs/bank _accounts.pdf

I recently opened a Barclays Cash Card Account and I don't recall any questions relating to bankruptcy. Details of what the account offers are here:
http://www.personal.barclays.co.uk/BRC1/jsp/br ccontrol?task=articlesocial&value=3315&site=pf s
(Although its not mentioned there, you can withdraw money from any Post Office, as well as Barclays, Woolwich & Link cash machines).

Hoping this helps.

Chris

[aberdeen nut]

Hi buenchico, thanks very much for your reply,you have provided good information for me me to advise the person concerned,and i am sure it will help.
Kind regards,
aberdeen nut.

[Meg888]

The Halifax also have an account called an Easycash Account. You do not get a chequebook/overdraft facility etc, but you do get a debit card, internet access & you can use it to have monies paid in by bacs etc & standing orders, direct debits. Only downfalls are it takes roughly up to 6 weeks to open it and cheques take 10 days to clear.

[Fee_B77]

I have an account with The Co-Op after going bankrupt. They also give you an Electron card so make life a whole load easier.

[giggles321]

Thanks very much for your advice.
Di