Welcome to the trust deed forum amc1536.

There is only one mainstream bank offering accounts to undischarged bankrupts at the moment. That's Barclays. Do you owe them any money? If you're with another bank there is a fair chance that your existing account would be closed. If you cannot use Barclays I can tell you about some other options.

There is a little more about LILA bankruptcy at:

(Update 2020 - See the Minimal Assets Process route to bankruptcy instead of LILA at: https://www.trust-deed.co.uk/bankruptcy-sequestration.html).

Please note that this page needs updating and the fee is now £200. That update will get done next week. There is a lot more information on the Accountant in Bankruptcy website that will help you with LILA.

I went for BR and the trustee didn't need to tell my bank as they wern't a creditor and there was no money to take in the account at the time of the BR
My account stayed OK and nothing happened

I got all our benefits changed from the joint account to my partners sole account just incase

If you owe nothing to your account provider then in most cases there won't be any problem - though this cannot be guaranteed.

If your account was subsequently closed down after sequestration then your options probably would be limited to the Barclays account that trust deed assistant refers to.

If you bank with the likes of First Direct, get another account and switch before hand, they will just close your account regardless.

Loyds let me keep mine and Santander let me open one with them after my PTD (and i told them up front when applying, maybe just luck?)

Think Banking also take on bankrupts but charge a monthly fee

It's unfortunate that with a lot of the bigger banks, it a hit and a miss as to what they will do.

In my experience, if they are not a creditor, then 70% of the time it is fine. Unfortunately for the other 30%....

Mark