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Scottish Trust Deed Forum
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Topic starter
23/02/2011 11:17 pm
good evening.
i entered a trust deed a while back and will be clear this october [:D]
so my trust deed company tell me.
One of my creditors is RBS & when i got married, myself and the wife set up a joint bank account with them, which we have kept open with ?ú10..
Now my question is if i was to put ?ú600 per month into that joint bank account so my wife can also have access to it for our weekly shopping trips to tesco etc. Can RBS take any money out of it without informing us ... My wife is not in the trust deed, its just myself who entered it.
23/02/2011 11:23 pm
Congrats on getting this far 🙂
With RBS being one of your creditors, I'd say that would be risky. Whatever they're supposed to do or not do doesn't always seem to come into it.
If it was me, it's not a risk I'd be prepared to take with so much money.
Cheers,
DebtFreeWannabee
24/02/2011 7:16 am
Hi upnorth76
RBS have no authority to take these funds or offset them against a pre Trust Deed debt.
Banks can always close the account per their T & C, but not keep the funds.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
24/02/2011 9:23 am
Hi upnorth76.
Banks are in the habit of using their "offset" rights. As Mark says, they have no authority to do this in your case. However that doesn't mean necessarily that they will not.
You would get your money back if it happened, but the intervening period could be very inconvenient for you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
