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Scottish Trust Deed Forum
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Topic starter
01/05/2011 10:06 am
with....
I am nearly out of my trust deed with about 5 payments to go. The clydesdale bank helped me out opening a basic account when entering a trust deed, as i was honest with the bank manager when applying... I banked with the RBS for about 16 years before i entered the TD, and still hold joint account with my wife held at RBS (with just enough money kept in it to keep it open).. I would like to return to the RBS after the TD is finished, even if its a basic account with online banking. However would the RBS (who i owned some debt too) be able to take money from my account if i was ever to return to RBS (providing i get accepted for an account - of course)
01/05/2011 11:52 am
Hello upnorth76.
You'll have no debt to RBS after the conclusion of your trust deed so I cannot see how or why set-off might be used by them.
As you say, the main factor will be to apply for an account for which you meet their acceptance criteria.
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02/05/2011 2:50 pm
Hi upnorth76,
Well done on getting into the home straight!
Trust deed assistant is quite right, the debt is no longer recoverable so you should be fine.
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