In order to receive financial help from the Open University towards helping with my course fees, one of their stipulations is that I must hold a bank account. I informed them of my financial circumstances and stated that my husband was willing to allow me to use his account - but this was not acceptable. What do I do about opening an account and if possible which are the best banks to approach ?
2007-12-21 00:44:47 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Thank you for all the quick replies.
2007-12-21 02:23:59 · update #1
I've just rung NatWest and they told me that I cannot open a Step Account with them until I have been discharged. I'm therefore assuming that this is going to be the general rule ?
2007-12-21 02:34:25 · update #2
You can't open even a basic bank account . Even after you are discharged it is very difficult.You might get one from the Halifax . But only if you can prove you are discharged.
2007-12-23 08:02:32 · answer #1 · answered by Ariana 5 · 0⤊ 0⤋
Best bet is a savings account with either a bank or building society (both should be acceptable to the OU). You should be able to get a cashcard which gives you access to your money, but only up to the amount you actually have available (ie you can't overdraw).
Given there is no credit on offer with an account like this, the issue of your previous credit history shouldn't be a barrier.
2007-12-21 07:19:14 · answer #2 · answered by ! 7 · 0⤊ 0⤋
Banks are NOT required to offer a cash account if you fail a credit screening. However, some offer low activity accounts for people in a situation of trying to re-establish credit/bank history. Wells Fargo offers an "opportunity" package (checking and savings). They are strict on funds availability (holds), and withdrawal limits, but direct deposits are available immediately and you do have access to your available funds. Hope this helps!
2007-12-21 01:19:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You've a few choices. If you're only wanting money paid in and withdrawn you could opt for a savings account with a card. There are many banks to choose from. I bank with HBOS (Halifax Bank of Scotland) and they give accounts to anyone!! I used to be with the RBS (Royal Bank of Scotland) but moved cause of their bad customer service and appaling high charges. You could also opt for a Post Office based account. You will get one, and don't let them know you're desperate either
2007-12-21 00:55:46 · answer #4 · answered by ƒαηтαѕтι¢ ☞CAT☜ 7 · 0⤊ 0⤋
Thinkbanking have a managed account for these particular reasons, fantastic account, no attached credit, maestro card and they will accept all no credit check. All the best.
Also can be opened over the phone account number given at the same time.
2007-12-21 08:45:07 · answer #5 · answered by pollywallydoodle 3 · 0⤊ 0⤋
All banks legally have to offer a basic cash account, I have just switched to The Royal Bank of Scotland the service is impeccible
2007-12-21 00:48:55 · answer #6 · answered by Shades 3 · 0⤊ 1⤋
I think that under the bankruptcy laws you cannot have a cheque book.
Presumably if you had a bank\account your Trustee would have control over it. Any money paid in over and above your living expenses would hav e to go to your creditors.
2007-12-21 10:38:53 · answer #7 · answered by Anonymous · 0⤊ 0⤋
try natwest, they do a step account that pretty much accepts anyone.
its a very basic account but if thats all you need, youre laughing.
worth checking out anyway
good luck
2007-12-21 00:48:45 · answer #8 · answered by daftoldwoman 4 · 0⤊ 0⤋
Go to the bank and ask them. It's their rules you have to follow.
2007-12-21 00:54:07 · answer #9 · answered by Ralfcoder 7 · 0⤊ 0⤋