Closure of account?

[hwild]

Just out of interest - has anyone had their account closed after claiming back charges? What is the likelyhood of this happening? I am claiming back from Halifax and my partner is claiming from Barclays.

 

Will also be claiming form Capital one and Barclaycard in the near future.

 

I only ask because both of our credit ratings are appauling and we are worried we won't be able to open anothere account.

 

Thanks in advance

 

Hels

[alanfromderby]

It is certainly a possibility - it does not always happen, but it certainly has happened. You are well advised to seek a parachute account just in case. The favourite options seem to be NatWest Step Account or Co-op.

[Spiceskull]

The easiest Co-Op account is called Cashminder, and they will process your application over the phone - no credit checks required, although they obviously ask you loads of questions for identification/money laundering purposes.

 

Good luck.

[hwild]

Thanks for your advice. I will look at opening another account ASAP.

If the banks do close your account - what stage dos this happen? Is it only if it goes to court?

 

Thanks again

[Spiceskull]

There is no certainty that they will close the account, but it is best to be prepared. Technically they are meant to give you 30 days notice, unless the circumstances are 'abnormal.' I'm sure that they will invent an abnormal excuse if they do decide to close though...

[hwild]

HI,

 

Does the co-op cashminder acc allow direct debits and do u have the phone number?

 

Thanks in advance

[Spiceskull]

Yes, but absolutely NO overdraft facility:

 

Given Number: 08457 240 752

Landline Number: 0161 947 7135

 

Calling landline gives an IVR, and then the person on the other end tries to give you the 08457 number. I asked firmly to be transferred, I was, and after 16 minutes (and a quid of phone credit) I now have my account accepted...by speaking to Karris

 

Account will need proof of ID to activate (in branch), but the application remains open for three months

[hwild]

Thanks alot,

Iv just ried to get a smile current account and they turned me down. Im getting really worried i won't get a bank account but il try the co-op one. Wish me luck!

[Spiceskull]

Good luck - although you won't need it with this account...it's the basic of the basic...

[Jamboray]

I have a seperate account (basic) with a bank that I will not be claiming from, however I will be attempting to claim from the Halifax who hold my mortgage (i'm making a claim on that account) What if they decide to close my mortgage account, can they do that?

My credit rating is poor and I am in a trust deed so will never be able to get another mortgage.

[alanfromderby]

They cannot take any action on an account that has nothing to do with the action. They may threaten it - but there would have to be a breach of contract on the mortgage itself for them to be able to recall it.

[BankFodder]

See my announcement and thread in this forum on account closures.

[Jamboray]

I had read it but it did'nt answer my question, that is why I posted my question.

[hwild]

This topic was closed on 03/07/19.

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