my husband is still finding it difficult to get a bank account and he is dischared from bankrupcy .?

Question

is there anything else which would be stopping my husband from getting a basic bank account.

Answer 1

i think this people r not trusting him try to get some references or property guaranty

Answer 2

By law, they have to offer you what is called a "basic" bank account with no overdraft and no credit - just a basic cashcard. Every bank has them, but they don't advertise them like they do other current accounts. They are supposed to provide an account for bankrupts, but that doesn't mean they want to, as you are no longer seen as a good risk or help boost their profits by signing you up for loans or anything. If all else fails, the Post Office do a basic account and they can't refuse you!

Answer 3

His bankruptcy is probably causing him to have a very poor credit rating and the banks are wary of taking him on. The banks have lost so much money to bad debts that they are tightening up. It is possible he could get a basic account with no overdraft facility and no chequebook with only a card to draw cash from a dispenser up to his balance limit. The basic Post Office account would probably be available to him. His salary or other income would be credited to the account and he could visit the post office weekly or whatever to draw his cash.You cannot go a penny overdrawn and there is no interest or charges.He obviously would have to buy everything for cash and would not be able to have direct debits etc. to pay the bills. What about having the account in your name and you look after all the finances and just givehim his pocket money.

Answer 4

I have not gone as far as Bankruptcy but have got a bad credit rating from the past and found it difficult to get a bank account. I managed to get a basic one from Barclays which allows me to draw cash out from the 'hole in the wall' and you can set up direct debits/standing orders from. I also have one with Natwest which is the Step Account someone mentioned. With that one, you get a Solo which means shopping can be done with the card and bills can get paid over the phone but you can not go into the 'red'. If the cash is not available in your account the transaction wont go through. Try that one to start and after a year, see if he can upgrade to a cheque account. I have my wages go into Natwest and a direct debit go to Barclays to cover all my bills which again are set up on DD/SO so I don't get into trouble with late payments etc. I hope that was of some help.GOOD LUCK.

Answer 5

All banks shold offer a basic bank account even to people who has been declared as bankrupt. Is he being honest with them when he applies?

I would try Halifax, Co-Operative, Natwest first as these offer a Solo/Visa Electron facility but obviously do not offer any credit facilities. If you struggle with these then try HSBC etc.

if you are still having problems then i would contact The National Debtline, they offer free impratial advice and may be able to point you in the right direction.

Hope this helps x

Answer 6

He may have been denied getting a bank account due to writing a bad check. When opening a bank account, most banks run a consumer report from a company called Chexsystems. This is seperate from regular credit reports. This database keeps track of people who bounce checks and mishandle bank accounts.

The bank should have told him what consumer report caused him to get denied. This information should have been given to him on the day he tried opening the account, or via postal mail.

Answer 7

Getting a "bank account" shouldnt be a problem... you take money to a bank and deposit it and open an account.. No risk to the bank.. they will only honour checks as much money is in the Acct... I've never heard of such a thing and I've done Bankruptcy...

Now if you are talking Credit account thats a different matter...

Only think of maybe (and is this a maybe) is does he have any bank or check fraud arrests/convictions?

Answer 8

Bankrupcy costs the banks millions. It is not a simple case of serve your five years and all is forgiven. They will behave differently if your husband has paid his debts as opposed to getting his discharge through time. If he has not paid his debts they will quite rightly regard him as a risk, after all a bank account is a privelige and not a right. I would suggest you discuss the matter with your bank and firstly open an account with him as signatory to your account, and change this in time to a joint account requiring both signatures, developing once he has proved his ability to manage his finances, to his own account.

Answer 9

I would agree with whoever it was who said Alliance and Leicester I got a basic cash account with them whilst I was bankrupt and then 2 months after I was discharged they let me have a visa electron card so I could use my card in shops etc. They also gave me an overdraft so I could start building my credit rating back up.

If he can't get one of these accounts I would get a report from a credit reference agency to see what is on there, as they might have made mistakes on it.

Hope he gets one, I spent 9 months without one and it was hellish.

GOOD LUCK!!
Rachie
xxx

GOOD LUCK

Answer 10

The nationwide building society has some of the lowest criteria, and will even let undischarged bankrupts open a basic account. Try them.

Also, make sure he's on the electoral roll for your address.

Answer 11

As long as you've got all your relevant ID, there should be no problem.

However, even if he has been discharged from bankruptcy, its still on his record.

My friend went bankrupt 3 years ago, and the only person who she could get an account with is Co-Operative Bank.