Welcome to the forum unknown name.

You should have received information in writing confirming the equity position with your home. Has that happened yet?

HSBC can freeze your account if you've opened an account which isn't available to people in trust deeds. If you've opened their most basic account this is likely to be OK. You don't have any HSBC debts do you?

Always let your trustee know about a change in income. They should also factor in any reasonable changes in expenditure.

Once you have been discharged any new entitlement to income or a lump sum should be fine. If you become entitled to this before being discharged the situation is likely to be different.

It's smart to ask questions and know where you stand before you go ahead.

Thanks for your answers, it is what looks like their most basic account, wish i'd known this before I don't the switch. No I don't have any debts with HSBC only RBS and Barclays.

I haven't received any paperwork yet I was only qualified on Friday so I am right at the start of my journey, I will check this out and see what it says on about the house.

There seem to be so many issues to deal with I wonder if its worthwhile.

another thought, month to month I use my debit card to pay for things but also withdraw cash to do so each week for things like shopping etc so how do you justify this in your review? just tell them what its for?

Hi unknown name.

I've not had any clients that have had problems with HSBC accounts that I can recall, so as long as you don't owe them anything then you should be fine.

I can't speak for other firms, but we certainly wouldn't expect you to justify normal transactions from your bank account for living costs, cash or otherwise. As long as the amounts you are declaring in your monthly budget are reasonable then that is fine. It is only stuff that can be evidenced that needs to be checked (ie rent, council tax, utilities, insurances etc), or large unusual items of expenditure.