Hi MrsC
I'm just about to start my trust deed in the next few weeks. In preparation I've opened a basic account with Lloyds TSB which has direct debit facility and you can withdraw upto £200 per day from any Lloyds or post office cashpoint. I've been told that they are usually fine with those in a trust deed as long as they are not one of your creditors. Just in case though I'm going to contact them over the weekend to let them know my situation. I'll keep you posted if they are happy with everything.:)

I use the co operative bank. Their cashminder account is brilliant and don't worry if there isn't a branch near you,I haven't ever needed a branch in 4 years of having the account. It offers all you need plus online banking.

Just make sure the account you open is with a bank you don't owe money to.

Paul

Thank you very much guys - Headwire, like you, I am just about to enter into a TD so opening a new account is one of the first steps - keep me posted with your experience. Thank you Paul, you're the second person to mention Co-op so will check them out to see if I'm eligible.
Thanks again [:)]

Just to keep you updated MrsC, I spoke to Lloyds today and although they didn't know much about a TD after speaking to their manager they advised that the basic cash account would be fine for my circumstances and would not be closed when entering into the TD. It also has internet banking and an app for smartphones where you can check your balance etc. Hope this helps 🙂

I'm another Co-op Cashminder fan. I set up a joint account after my current bank 1st Direct closed my account once they were notified of my TD. I've had no problems with this basic account and will probably keep it post-trust deed. I never used a cheque book or any of the extra services available on other higher grade accounts. This gives me everything i want in an account.

Hi,

We have our account with Lloyds Tsb, no overdraft obviously, but we have had no problems with them.

Hi, when I started my TD I opened a Lloyds TSB account and have never had any problems with them. The only downside is that you can only use a Lloyds cash machine. I have online banking and after I'd had my account for a year or so, they let me open a basic online savings account. I only ever have around £10 in the savings account but I'll use it more when my TD has ended. I'm led to believe that with the Co-op you can use any cash machine, so that might be a better option.

Hey MrsC

I've got a joint and single cashminder account.

It offers internet banking, direct debits, standing orders. You can use the Post Office for banking needs if you aren't near a branch.

The only thing I would say is that the internet banking isn't that up to date!

As long as you keep a track of your spending it doesnt matter all that much that the co op is a little slow on the uptake. I noticed the same issue with TSB before the TD.

We have an A4 sheet with everything thats due to come out listed on it,and we write down any visa deltas at the side. It all helps keep a track of things.

Paul

I do that Plasticdaft but having been used to logging in and seeing everything there and then with another branch - it kinda confused me at the start!
I now just withdraw my "weekly allowance" on a Tuesday and deal with cash that way I know all my bills etc are covered!

We tried to deal in cash as much as we could throughout our TD,its amazing how you can stick to a grocery shop budget when you know that the £75 in the wallet is all you have to spend!!!

You would only ever once overspend and have to put something back!!

Paul

I've have to admit I find it easier to deal in cash (I don't know if I have still have issues with using little bits of plastic!!!) but I know exactly where I am. I find that using a debit card I forget about the £4 here or £3 there so cash is now my friend.

I am now extremely good at mental arithmetic when doing my shopping and always look for the deals on the more expensive items i.e. washing powder!

Changed days......

My wife has a habit of using her visa debit card and telling me the bill is for £9 odds,and frequently the odds turn out to be £4-27!!!! This month she is mostly carrying some cash around and trying to not use her debit card,except for petrol.

We shall see what happens.

Paul