You can call this tel no (number removed)(Secure Trust Bank)'see weather they can help you !

Thanks for that information marshaller and welcome to the forum.

Don't worry about it, but we ask visitors not to post links or phone numbers in the forum. The reason is that without doing this all sorts of people can end up targetting the forum with sales messages rather than shared help and support.

Secure Trust is easy to find on Google. It's a packaged and paid-for account aimed at persons with credit difficulties or who are using debt solutions. In many ways it might be seen as being similar to the ThinkBanking account mentioned on our bank account page and is worth a look at if choosing that type of arrangement.

Welcome to the forum also Debtnomore.

Your question relates to a common concern, so a while ago we produced a page about bank accounts which might be useful for persons considering a trust deed, sequestration, or the debt arrangement scheme. You can read it at:

(Page later updated to: https://www.trust-deed.co.uk/bank-accounts.html).

Nationwide is one of the organisations suggested, though it has to be the Cash Card account if you will become insolvent soon to meet their acceptance criteria. It meets your need for an online service and a debit card, but you'll have to go into a branch to apply.

The Co-op Cashminder account is well worth a look as well. You can apply over the phone for this one if you don't have a local branch.

The third account mentioned is the ThinkBanking account which comes with a monthly charge, but will still suit some peoples needs. That account is quite similar in some ways to the Secure Trust account mentioned by marshaller.

Other site members may share their own experience of which banks and accounts have (and have not) worked well for them.

Hi Debtnomore

I opened a Nationwide Cash Card plus account which as TDA states gives you a visa debit card and online banking. I had thought that I just went into the branch to open the account but they said I had to fill in an application form and send it away to be processed and it would take about 2 weeks before I would get an account, they did try to get me to take out a flex account which is a current account with overdraft so dont let them talk you into that as this would be credit scored and once you entered a TD it would probably be closed down or changed to the cashcard plus as it is a basic account. I had taken id with me and while I was in the branch she took a note of my details and put them on the computer to indicate that I had produced ID and she said this would be tied in with my application when they received it. They also offered to check the form for me prior to it being sent away as she explained if there are any errors on it they would send it back and this would delay things. The form asks if you have entered into an IVA or bankruptcy does not ask about TD. The account also offers telephone banking. I did not give them details of my standing orders/direct debits to let them transfer them as I had the same concerns as you re my existing bank finding out. Once the account was opened I contacted my mortgage company and any others and obtained direct debit forms which I completed and sent away and once they were set up on the new account I simply cancelled them on the old account, you might also find when you phone the companies they will simply take the details over the phone and change them that way and some allow you to do it online so although it can be time consuming its easy to do. I have had no problems to date with the account although I am just finishing the 5 week period to find out if my TD will be protected but from other posts Nationwide do not seem to have caused a problem once the trust deed became protected. Hope this helps and good luck, take your time making any decisions and you will find reading the posts here helpful.

Thanks everyone for your advice. I will check out the different options as detailed.

I am so pleased I found this forum and can't tell you how comforting and reassuring it is to get honest, upfront advice.

hi i am just about to sign a trust deed and opened an account with the clydesdale when i decided this was probably the best route for me. i didnt tell them about the trust deed they did a quick credit check but i think it was more to confirm my id more than anything. i have no overdraft obviously but can use online/tele banking. i changed all my dds and standing orders myself as it would have taken too long for them to do it,approx 6 wks or so, so theres no need for them so ask ur present bank, infact they never asked me who i currently bank with, was a bit of a pain but had all the details for everyone. changing my salary was easy too. im still able to have an account where i pay a fee for the mobile phone insurance etc too which is handy. its basically the same type of account i had minus the od. i didnt need to have my salary payed in before setting up any dds etc did it the next day.

Co-op Cash Minder is what I opted for.

You get a Visa Debit (no electron nonsense), access to online banking and branches that are hardly ever busy. Also their telephone banking is of a high standard.

Plus it's the co-op, so you can show off to your friends about how green and eco-friendly you have become.

I would never have thought of opening a bank account with the Cooperative, now I wouldn't go anywhere else.

A lot of Co-op Bank customers seem to feel pretty positive about them in a way I don't hear at all about any other bank.

Perhaps it's how everyone used to feel about their bank... before we had to keep an eye on them!

Hi TDA

The 2 accounts which seem to get good reviews, or should I say, don't get bad reviews are the Co op and Nationwide. I don't think I've came across an issue with either.

Mark

FWIW I agree with Steesh.

I can't speak highly enough of the Co-op bank - there call centre staff are fantastic and were great at dealing with what was a very embarasing situation for me.
I have been recommending them to my non TD friends for the last year, and firmly intend to stay with them for the rest of my life.

(I consider myself a bit of a bank expert, as I ended up owing most of them a fortune[:I])

quote:

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Originally posted by Steesh

Co-op Cash Minder is what I opted for.

You get a Visa Debit (no electron nonsense), access to online banking and branches that are hardly ever busy. Also their telephone banking is of a high standard.

Plus it's the co-op, so you can show off to your friends about how green and eco-friendly you have become.

I would never have thought of opening a bank account with the Cooperative, now I wouldn't go anywhere else.

---

I've had a a visa 'debit' with them for a 2 years now - but it's really electron - as it isn't accepted in some shops - do you think they might swap it now?

used the co op for 4 years plus now,and think its great. Used to bank with lloydstsb but can safely say the co op have been faultless.

Paul

I've just opened an account with think banking, fairly straightforward process done online/over phone, minimal paperwork. There is a monthly charge, but given that I was regularly paying at least £25 worth of charges with previous account for going over overdraft limit then it makes sense for me. I chose them because of the help they offer with budgeting and no unexpected charges. Also can pay money in at RBS branches

That is great. Just for the record, Barclays are fantastic, and you can tell them about your trust deed or sequestration, and it is not a problem.