Discharged bankrupt bank account.

[shell]

Anybody know which banks will give a discharged bankrupt a bank account that will enable them to pay direct debits and standing orders? He has a basic saving account with a cirrus card which allows him to withdraw money from cashpoints and nothing else.

As this is Scotland and he was declared bankrupt before the new laws came out, he was only discharged after 3 years. It has now been a year since his discharge.

Although he is not looking to borrow or for an overdraft, banks just don't seem interested. Oh, he also has a wage going in every month.

Any ideas?
Thanks.

[SpringerSpaniel]

Re: Discharged bankrupt bank account.

There is a pre-paid card available backed by the Newcastle Building Society which enables you to run standing orders from the account and to use it as a debit card and a cashpoint card.

[SpringerSpaniel]

Re: Discharged bankrupt bank account.

A similar card is available through quite a lot of credit unions.

[labman]

Re: Discharged bankrupt bank account.

Almost all of them are underwritten by Newcastle Building Society. Most other banks have backed out of this market.

[meellis]

Re: Discharged bankrupt bank account.

I am a bankrupt in England and I have found cashplus gold pre-paid card a godsend. I beleive they have started a DD scheme but do n't know the specifics. The only account I could get was with the Co-op.

[labman]

Re: Discharged bankrupt bank account.

This is one a few handy links:

Bank accounts for bankrupts - before and after bankruptcy - discharged undischarged

A little tip if you go to Barclays for their basic account - get the forms and send them in yourself. If you apply through the actual branch itself you are MUCH less likely to be accepted.

As regards prepaid cards, if you have a mobile phone with O2, O2 does a free prepaid card as a 'perk' for its customers. It is the only organisation I know of that offers a totally 'free' prepaid card (I guess they make their money from your phone contract).

[Celestine]

Re: Discharged bankrupt bank account.

A friend of mine has just opened a MyCashPlus account and is very happy. It's prepayment, but gives him ability to 'bank' again.

[Terryo]

Re: Discharged bankrupt bank account.

On a similar topic,if a bank account is closed at a bancruptcy hearing, does it stay closed forever?

[leahaweah]

Re: Discharged bankrupt bank account.

santander basic account allows direct debits and standing orders to be paid from it and most electrictronic banking, but nothing other good about it