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Scottish Trust Deed Forum
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Topic starter
14/07/2021 12:32 pm
Hi,
We are looking to open a new bank account (we were discharged from Sequestration in mid November 2020), and at present we have a current account with M & S which they are closing. We're thinking of opening an account with Nationwide, but other half had a CC with them which was included in Sequestration. Can they hold this against us for opening a Current Account (I'm just looking for a basic current account)?
Has anyone had any experience of this? Thanks
14/07/2021 2:24 pm
Hi tigh,
I think you'll only find out by applying for the account.
Unfortunately I cannot remember this topic being discussed here any time recently.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
14/07/2021 3:29 pm
As I understand it they should offer a "basic bank account" to you, but may choose not to offer their normal current account.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
14/07/2021 11:41 pm
Thanks for replies. Ill be happy if they can give us a basic bank account to replace our closing M & S current account.
15/07/2021 11:13 am
Hi tigh,
Pretty much all banks now offer basic accounts to people irrespective of their credit status.
I'm sure you'll be able to quickly arrange a suitable new bank account.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
