Trust Deed Forum - looking for new bank account
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tigh
Frequent Contributor

26 Posts

Posted - 14 July 2021 :  12:32:28  Show Profile  Reply with Quote
Hi,

We are looking to open a new bank account (we were discharged from Sequestration in mid November 2020), and at present we have a current account with M & S which they are closing. We're thinking of opening an account with Nationwide, but other half had a CC with them which was included in Sequestration. Can they hold this against us for opening a Current Account (I'm just looking for a basic current account)?

Has anyone had any experience of this? Thanks

TDA (Debt Adviser)
Trust Deed Expert



13775 Posts

Posted - 14 July 2021 :  14:24:47  Show Profile  Reply with Quote
Hi tigh,

I think you'll only find out by applying for the account.

Unfortunately I cannot remember this topic being discussed here any time recently.

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Kevin Mapstone
Trust Deed Expert



4002 Posts

Posted - 14 July 2021 :  15:29:48  Show Profile  Reply with Quote
As I understand it they should offer a "basic bank account" to you, but may choose not to offer their normal current account.

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tigh
Frequent Contributor

26 Posts

Posted - 14 July 2021 :  23:41:19  Show Profile  Reply with Quote
Thanks for replies. Ill be happy if they can give us a basic bank account to replace our closing M & S current account.
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TDA (Debt Adviser)
Trust Deed Expert



13775 Posts

Posted - 15 July 2021 :  11:13:43  Show Profile  Reply with Quote
Hi tigh,

Pretty much all banks now offer basic accounts to people irrespective of their credit status.

I'm sure you'll be able to quickly arrange a suitable new bank account.

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