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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi on track.

Great news about the business bank account.

Are other telephone suppliers available to you?

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Just regards Nationwide, when we checked with them directly a few months ago they told us that none of their bank accounts are available to people that are currently in trust deeds.

That obviously creates a risk of a sudden account closure.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@kdog7)
Trusted Member
Joined: 12 years ago
Posts: 99
 

Im with nationwide ๐Ÿ™ Gonna open barclays this week.


   
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(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

I think I'm going to look at a nationwide account as soon as the td is off my credit records (may). I would stay with the co op but they dont seem to be doing the account that had mobile phone insurance etc all for less than a tenner a month. The nationwide account has that snd breakdown cover plus more for ten pounds.

Paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
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(@mummyof4)
Active Member
Joined: 12 years ago
Posts: 19
Topic starter  

Hi,
I phoned the bank of scotland today to be told that everything was fine I could keep my account even though we were about to sign but still a bit worried as kpmg told me bos wouldn't allow it. Who should I trust don't want my account to be frozen.


   
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Michael McGowan
(@michael-mcgowan)
Eminent Member
Joined: 14 years ago
Posts: 48
 

Hi mummyof4

I recently dealt with a case with Cooperative and they will allow you to have an account in a Trust Deed but not in Sequestration so this maybe the case with Bank of Scotland,however it has been the case in the past that Bank of Scotland normally would put a freeze on your account. If this happens contact the Trustee or administrator they can call the bank and get it uplifted to allow you access to your account.Then you would need to open elsewhere.

Perhaps open an account with Barclays and then you have a back up.

Michael

Michael is not currently posting in the Trust-Deed.co.uk forum.


   
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(@mummyof4)
Active Member
Joined: 12 years ago
Posts: 19
Topic starter  

Thank you.

I'm being lazy most banks want you to go in to open a joint account but my husbands always working and it's a lot of hassle for him to get in.


   
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Michael McGowan
(@michael-mcgowan)
Eminent Member
Joined: 14 years ago
Posts: 48
 

no problem mummyof4

You could try opening it online, another suggestion is to open two and the other can be a bill paying account. That way it can help you budget

Michael

Michael is not currently posting in the Trust-Deed.co.uk forum.


   
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