Can I change Bank A...
 
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Can I change Bank Accounts?

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 HBH
(@hbh)
Active Member
Joined: 13 years ago
Posts: 5
Topic starter  

Hi.

I currently have a bank account with a Building Society that don't offer a card that can be used abroad.

There is a possibility that I may have to go to India with work - is there any bank that I would be allowed to open an account with to allow me to use the card in India whilst I am in my trust deed.

I have been looking at thinkbanking which says they don't do any credit credits but costs ยฃ14.50 per month.

Any help would be greatly appreciated.


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 17 years ago
Posts: 4798
 

Hi HBH

There is nothing to stop you changing accounts. I think you may have to do a wee bit of investigative work to see which bank offers the best deal as it could prove expensive

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


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

Welcome to the trust deed forum HBH.

Our thoughts about good bank accounts during a trust deed are at:

https://www.trust-deed.co.uk/bank-accounts.html

I think you may have one of these accounts already?

You can change account, so it may be worth checking with some of the alternative options whether you will have any account functionality in India if you move to them.

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


   
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(@tinsoldier)
Honorable Member
Joined: 15 years ago
Posts: 634
 

If i could offer an alternative - a prepaid Mastercard can be used abroad. You just load it before you go and the functionality is the same as a Credit Card - pin number etc


   
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 HBH
(@hbh)
Active Member
Joined: 13 years ago
Posts: 5
Topic starter  

Thanks to everyone for replying. . . Will look into the options available.


   
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(@sandyf)
Eminent Member
Joined: 13 years ago
Posts: 24
 

I tried to change accounts prior to my TD signing, as I was due a large percentage of my debt to my bank. As I had defaults against me from credit cards, I got a straight refusal from The Clydesdale Bank and RBS, even for a basic account. Eventually I went to Santander, who opened the an account the same day, with a basic debit card and allowed me to pay direct debits etc, the card can also be used abroad. Not sure how this would change once you had signed the TD.


   
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